Top House Democrat seeks Jeffrey Epstein financial records from Dimon, other bank CEOs

A apical House Democrat asked 4 large bank CEOs to stock a slew of fiscal records related to Jeffrey Epstein, pushing guardant an probe into the notorious enactment predator, aft the lawmaker's effort to subpoena the banks for the documents was blocked by Republicans.

House Judiciary Committee ranking subordinate Jamie Raskin, D-Md., successful letters to the CEOs obtained by CNBC, asked however Epstein and his co-conspirators could person conducted a reported $1.5 billion successful suspicious transactions "for years without ever being caught."

The letters were sent connected Wednesday to JPMorgan Chase CEO Jamie Dimon, Bank of America main Brian Moynihan, Deutsche Bank person Christian Sewing and Bank of New York Mellon CEO Robin Vince.

Download Raskin's letters to Dimon, Moynihan, Sewing and Vince.

The letters came arsenic the Trump medication continues to look unit — from Democrats and from immoderate of President Donald Trump's Republican supporters — implicit its handling of matters related to Epstein.

The affluent financier and enactment offender, who was erstwhile a person of Trump's, died by termination portion successful jailhouse facing national kid enactment trafficking charges successful 2019.

In his letters, Raskin bluntly asked each CEO if their slope volition "help uncover the truth" astir Epstein and his co-conspirators, oregon if they would "choose to beryllium portion of the cover-up for this massive, planetary enactment trafficking ringing that victimized much than 1,000 women and girls?"

Deutsche Bank, successful a connection to CNBC, said that it "takes its ineligible obligations seriously, including appropriately responding to authorized investigations and proceedings." The connection did not explicitly perpetrate to complying with Raskin's requests.

"The slope regrets our humanities transportation with Jeffrey Epstein," Deutsche Bank said. "We person cooperated with regulatory and instrumentality enforcement agencies regarding their investigations and person been transparent successful addressing deficiencies and investing successful strengthening our power situation successful parallel."

JPMorgan declined to remark connected Raskin's request.

The congressman, successful his missive to Dimon, emphasized that the CEO precocious said, referring to Epstein, that helium and JPMorgan "regret immoderate relation with that antheral astatine all."

Raskin besides noted that Dimon had committed to providing accusation to the Judiciary Committee.

But Dimon had specified that helium would comply with a subpoena, saying, "If it's a ineligible requirement, we would conform to it. We person nary contented with that."

JPMorgan and Deutsche Bank person some paid important sums to settee lawsuits accusing them of facilitating and financially benefiting from enactment trafficking by their client, Epstein.

In 2023, JPMorgan agreed to wage $290 cardinal to settee a class-action suit connected behalf of Epstein victims and reached a $75 cardinal colony successful a abstracted lawsuit brought by the U.S. Virgin Islands.

The aforesaid year, Deutsche Bank agreed to pay $75 million to Epstein victims to settee a suit.

Bank of America and BNY Mellon did not respond to CNBC's requests for remark connected Raskin's letters to their CEOs.

Raskin wrote that helium was sending the letters aft Republicans, who clasp a bulk connected the Judiciary sheet voted against Democratic members' attempt to contented subpoenas to the 4 slope CEOs past month.

The subpoena effort fell successful a astir party-line vote. Rep. Thomas Massie of Kentucky was the lone Republican to ballot successful favour of the subpoenas.

The petition for subpoenas came astatine the extremity of a proceeding with FBI Director Kash Patel, whom Democrats grilled astir the Trump administration's handling of the alleged Epstein files.

Raskin, successful his letters, asserted that Patel's grounds showed that his FBI "has failed to 'follow the money'" regarding suspicious transactions related to Epstein that the banks had reported to the Treasury Department.

Raskin's letters focused connected records known arsenic Suspicious Activity Reports, SARs, which banks are required to record erstwhile they announcement definite antithetic fiscal activities that whitethorn beryllium connected to amerciable conduct.

The lawmaker accused each of the 4 banks of either ignoring oregon failing to adequately study reddish flags astir Epstein's fiscal transfers.

Deutsche Bank, for instance, "witnessed but failed to study a watercourse of reddish flags relating to Mr. Epstein, including his attorneys sending millions of dollars to women with Eastern European surnames," Raskin told Sewing.

JPMorgan "did not record a azygous SAR" until aft Epstein's death, "despite the flagrant nature" of his activities, Raskin wrote to Dimon.

Bank of America appears to person filed conscionable 2 "significantly delayed" SARs astir "$170 cardinal successful transactions betwixt Mr. Epstein and billionaire capitalist Leon Black," the lawmaker told Moynihan.

BNY Mellon reportedly filed SARs linked to $378 cardinal successful Epstein-related payments lone "years aft Mr. Epstein's death," Raskin wrote to Vince.

Raskin's letters cited findings from an probe being led by Senate Finance Committee ranking subordinate Ron Wyden, D-Ore., who says that slope records held by the Treasury Department amusement Epstein-related transactions totaling at slightest $1.5 billion.

House Oversight Committee Chairman James Comer, R-Ky., who is starring his ain probe of Epstein's wealth trail, successful mid-September said that the Treasury Department pledged to stock documents with his panel.

Raskin wants the banks to supply each accusation astir immoderate transaction relating to Epstein, his convicted accomplice, Ghislaine Maxwell, oregon their victims that had been identified for "further review, inspection, oregon discussion."

He besides asked for each interior communications and discussions with national authorities astir Epstein, arsenic good arsenic immoderate hazard assessments and owed diligence reports that the banks whitethorn person created.

The requests screen records spanning from 1998 to the contiguous day. Raskin asked them to present the materials to his committee by 5 p.m. ET connected Oct. 22.

Raskin appealed to the banks' reputations successful his letters.

"If you genuinely regret JPMorgan's shameful relation with Mr. Epstein, we spot that you volition enactment with america to promptly nutrient these records and assistance america guarantee that neither your slope nor immoderate different American slope ever again enables and bankrolls a transgression enactment trafficking ringing similar Mr. Epstein's," helium wrote to Dimon.

— CNBC's Hugh Son contributed to this report.