Billionaire JP Morgan board member James Crown, who previously served on Barack Obama’s Intelligence Advisory, died in a car crash on Sunday in Colorado.
Crown, who served as the chairman of the Aspen Institute, died after crashing into a barrier at the Aspen Motorsports Park in Colorado.
Crown’s political involvement stems from his longtime friendship with former President Barrack Obama.
Crown was the Illinois co-finance chair for Obama’s 2008 presidential campaign, according to the Chicago Sun-Times.
Obama appointed Crown to his Intelligence Advisory Board in 2014 during his second term.
Following the news that the JP Morgan Board member died in a car crash, the CEO Jamie Dimon released a statement:
“We extend our deepest condolences to Jim’s family and loved ones during this incredibly difficult time.”
“Our thoughts are also with all of you who knew and loved Jim as much as I did. He was an integral part of JPMorgan Chase and our lives, and his presence will be deeply missed.”
As The Hill reported:
Crown, 70, died Sunday after his vehicle hit a barrier on a racetrack at Aspen Motorsports Park in Woody Creek, Colo., Sunday, which was also his birthday. According to the Colorado Sun, the coroner ruled that Crown’s death was an accident and that “multiple blunt force trauma” was evident as the autopsy remains pending.
Crown had served on JPMorgan’s board since the early 1990s and was a board director at General Dynamics.
According to CNN, Crown, who lived in Chicago, was also the managing partner of Aspen Skiing Co. based in Colorado.
Crown is survived by his wife Paula, as well as their four children, several grandchildren, and his parents.
“The Crown family is deeply saddened by the sudden passing of Jim Crown,” a family representative said in a statement to the media. “The family requests that their privacy be respected at this difficult time.”
This month, JP Morgan agreed to a $290 million settlement with Epstein victims for conducting business with convicted pedophile Jeffery Epstein.
As The Daily Fetched reported earlier this year, a former banker tJP Morgan was accused of playing a role in the late pedophile Jeffrey Epstein’s trafficking sex ring following the discovery of emails that revealed a ‘profound friendship’ between the two.
Jes Staley, who worked at JPMorgan until 2013, was accused in the filing made in an amended complaint Tuesday by the US Virgin Islands.
“Between 2008 and 2012, Staley exchanged approximately 1,200 emails with Epstein from his JP Morgan email account,” the amendment alleges.
During that time, the bank “serviced approximately 55 Epstein-related accounts collectively worth hundreds of millions of dollars.”
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