Google co-founder’s testimony needed to file lawsuit against JPMorgan. The investigation believes that one of the largest US banks contributed to the shadow business of Jeffrey Epstein. The financier-pimp in the zero years exploited for sex services, including minors.
Due to the fact that Epstein pleaded guilty and promised compensation to the victims, in 2008 he was sentenced to 18 months in prison. In 2019, he was again accused in the same case, but he did not wait for the verdict and committed suicide.
The investigation believes that JPMorgan could have known about the business of his client Epstein. The details of the lawsuit against the bank are given by The Wall Street Journal:
“The US Virgin Islands filed a lawsuit against JPMorgan in federal court in Manhattan late last year. Authorities believe the bank facilitated Epstein’s alleged sex trafficking and abuse by allowing the financier to remain a client and helping him send money to his victims. The civil lawsuit alleges that JPMorgan received recommendations from Epstein about valuable business opportunities and turned a blind eye to his activities. The bank said it had no knowledge of Epstein’s alleged crimes and therefore cannot be held accountable.”
Authorities also served subpoenas on Hyatt Hotels Corporation executive chairman Thomas Pritzker, media magnate Mortimer Zuckerman and venture capitalist Michael Ovitz. If, as a result of checking the documents, the court discovers new circumstances, then it will have every reason to sue the defendants, continues Vladimir Gladyshev, a lawyer, managing partner of the Gladyshev and Partners law office.
“The fact is that in American law and in English law there is such a thing called Discovery – this is a wide disclosure of evidence, this is not in Russian law. The United States may request any documents that a person may have. Currently, we are talking only about recovery from JPMorgan. Brin did not receive a lawsuit, he and others received a court order to provide information. Why they are asked for information is unknown, the texts of procedural petitions and court decisions are not published. Whether this information is sent or not sent, whether Brin and others will dispute this ruling of the court – while this is all shrouded in darkness. It is theoretically possible that if, as a result of providing information, the plaintiffs have sufficient grounds to bring claims against Brin and others, then such claims will be brought either within the framework of this case, or within separate cases, or will be brought against some other third parties. Perhaps the most interesting development of the plot, which is currently impossible to predict. There is a legal possibility to involve these people, who have been sent requests for information, into the process.”
Experts believe that the lawsuit against the bank will be multi-million dollar, which will definitely affect its market capitalization. On Friday, March 31, JPMorgan traded up, adding more than a percent.