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Even worse however, a number of Dimon’s best lieutenants had concerns and were being hotly debating the situation, but hardly ever escalated the make a difference for their boss. Stephen Cutler, JPMorgan’s basic counsel at the time, emailed colleagues in 2011 to mention Epstein was “not an honorable man or woman in almost any way” and shouldn't be a consumer, court files demonstrate. Jes Staley, who oversaw asset management and after that JPMorgan’s financial commitment lender until he left the corporation in 2013, and Mary Erdoes, who operates asset and wealth administration, took a special look at, and theirs prevailed.
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JPMorgan stated on June twelve that it experienced agreed to settle a class action lawsuit with dozens of Jeffrey Epstein’s victims, who stated he abused them when they ended up youthful Women of all ages and teenage ladies. The lender can pay about $290 million, In accordance with attorneys linked to the case.
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