President Donald Trump is suing JPMorgan Chase & Co. and CEO Jamie Dimon for at least $5 billion in damages. He is accusing the bank of illegally terminating his accounts because of political reasons.
The complaint was filed on Thursday in Miami-Dade County. It is the most publicized legal splash so far in Trump’s revitalized efforts to stop what he termed politically-motivated attempts by large American financial institutions to debank him.
JPMorgan has strongly dismissed the charges. In a quote from the Bloomberg article, the bank stated that it does not shut accounts based on political or religious grounds.
Senator Lummis once called out JPMorgan for allegedly debanking Bitcoin advocate Jack Mallers. Meanwhile, Tyler Winklevoss, Gemini’s co-founder, claimed that JPMorgan Chase halted their onboarding process.
You need to login in order to Like
Leave a comment