Street Calls of the Week
Investing.com -- Ten Democratic Senators are urging Congress to hold a hearing regarding JPMorgan Chase’s decision to maintain Jeffrey Epstein as a client for approximately 15 years, according to a report from the Wall Street Journal.
Senator Elizabeth Warren, the ranking Democrat on the Senate Banking Committee, stated that JPMorgan CEO Jamie Dimon and other executives should provide sworn testimony about their knowledge of Epstein’s crimes and whether they disregarded warning signs about his activities.
Epstein maintained dozens of accounts at JPMorgan’s private bank and frequently communicated with bank executives, connecting them with his wealthy contacts.
In 2019, Epstein was arrested on charges of orchestrating a scheme to traffic and sexually abuse girls. He later died in jail in what authorities ruled a suicide.
In a letter addressed to Senator Tim Scott, Republican chair of the Senate Banking Committee, the Democratic senators wrote: "The American people deserve to know what happened at JPMorgan and other banks that financed Mr. Epstein."
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