JPMorgan Makes Humiliating Admission in Trump's $5 Billion Debanking Lawsuit
JPMorgan Chase admitted to closing Donald Trump’s accounts after the January 6th Capitol incursion, leading to a $5 billion lawsuit.Summary
JPMorgan Chase has admitted to closing the bank accounts of President Donald Trump, his family, and his businesses following the January 6, 2021, events at the U.S. Capitol. Trump is suing the bank and CEO Jamie Dimon for $5 billion, alleging the closure was politically motivated and harmed his businesses. This admission came in a court filing responding to Trump’s lawsuit, marking the first time the bank has publicly acknowledged the account closures. According to the filing, JPMorgan informed Trump’s entities in February 2021 of their decision to end the banking relationship, requesting a transfer of funds by April 19, 2021. Trump claims he spoke with Dimon, who allegedly promised to investigate but took no action. His lawyers argue JPMorgan placed Trump on a “blacklist” preventing him from opening accounts at other institutions, and a similar lawsuit is pending against Capital One.
(Source：The Western Journal)