JPMorgan CEO Points at Other Execs in Epstein Disaster

The public relations nightmare for JPMorgan Chase continues as it works to fend off litigation over its former ties to Jeffrey Epstein. On Friday, CEO Jamie Dimon was deposed in the matter, and he repeatedly insisted that he had been ignorant about the company’s relationship with the late sex offender, even though some of his top lieutenants had expressed consternation about the situation.

Dimon argued that JPMorgan’s former general counsel, Steve Cutler, was the “ultimate decider” on whether to dismiss Epstein as a client, according to a transcript of the deposition obtained by The Daily Beast.

Yet Cutler had expressed extreme discomfort with the relationship, according to emails cited during the testimony. “This is not an honorable person in any way. He should not be a client,” Cutler wrote in 2011, according to the transcript. Separately, Cutler added, “I would like to put it and him behind us. Not a person we should do business with, period.”

Read more at The Daily Beast.