The deposition is one of the last to be taken in connection with two lawsuits arising from the Wall Street bank’s relationship with Mr. Epstein. A decade after dropping Mr. Epstein as a client, the bank is now trying to fend off claims that its top executives either knew about Mr. Epstein’s long history of sexually abusing teenage girls and young women, or looked the other way.
The two suits, brought by lawyers representing Mr. Epstein’s victims and by the government of the U.S. Virgin Islands, claim that JPMorgan ignored multiple warnings that Mr. Epstein was using money to finance illicit sexual activities at his residences in New York, Florida and the Virgin Islands.
Mr. Dimon’s deposition was made public after the bank put out a statement following the deposition that said Mr. Dimon “does not recall ever discussing his accounts internally, and was not involved in any decisions about his account.”
Lawyers for the victims pressed Mr. Dimon a number of times during the deposition about the bank’s decision to label Mr. Epstein as a “high-risk client” around 2011. But Mr. Dimon said he wasn’t consulted on the matter. He also said he never discussed Mr. Epstein with the former top banker James E. Staley — who was Mr. Epstein’s main advocate at the bank — or Mary Erdoes, who is now head of JPMorgan’s asset and wealth management division.
Ms. Erdoes in a deposition in March said she decided to dismiss Mr. Epstein as a client because of concerns about large cash withdrawals from his accounts with the bank. She said Mr. Staley’s departure from the bank meant Mr. Epstein had no strong advocate arguing for him to remain a client.