Jamie Dimon Denies Knowing About Jeffrey Epstein But Apologizes Anyway

In sworn deposition testimony in May 2023, JPMorgan CEO Jamie Dimon claimed he had no knowledge of Jeffrey Epstein or his activities until Epstein’s 2019 arrest. He denied ever meeting or speaking with Epstein and said any suggestions otherwise were based on misunderstandings. Dimon characterized Epstein as a “disaster” and said he was horrified by the revelations of trafficking and abuse, emphasizing that decisions regarding Epstein’s client relationship were handled by other executives at the bank. He maintained that he played no role in approving or maintaining Epstein as a client during or after his criminal conviction.

While continuing to deny legal liability for JPMorgan, Dimon acknowledged the bank’s association with Epstein was a mistake, admitting “we unfortunately continued to bank him” even after his 2008 guilty plea. He expressed regret for not acting sooner to sever ties and involve law enforcement more decisively. Dimon offered a personal apology to Epstein’s victims—not for wrongdoing on his own part, but for the bank’s failure to act more quickly—saying he would apologize directly to them for any harm that may have been compounded by JPMorgan’s continued dealings with Epstein.

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JPMorgan CEO Jamie Dimon regrets Jeffrey Epstein relationship (cnbc.com)