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JPMorgan knew about Epstein accusations by 2006, lawsuit claims

Newly unredacted filings include testimony from top executive about Wall Street bank’s knowledge of payments

JPMorgan Chase was aware by 2006 that Jeffrey Epstein had been accused of paying cash to have “underage girls and young women” brought to his home — seven years before the bank dropped him as a client, legal filings in New York on Wednesday alleged.

Mary Erdoes, now head of asset management at the US bank, said under oath in a recent deposition that JPMorgan knew about the accusations by 2006, lawyers wrote in newly unredacted portions of a lawsuit filed against the bank by the US Virgin Islands, where Epstein had a home.

“In 2010, JPMorgan compliance officials decided that Epstein ‘should go’,” according to the filings. The bank eventually ended its relationship with Epstein in 2013.

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