In a striking move, the Eastern Caribbean Supreme Court has issued a final warning to 73 financial executives, including Jamie Dimon of JPMorgan Chase and Brian Moynihan of Bank of America, amidst ongoing allegations of civil conspiracy and obstruction affecting the sovereign carbon-credit economy of Antigua and Barbuda. Reports indicate that these executives have been formally served and given opportunities to engage with the proceedings.
The case, numbered ANUHCV2025/0149, alleges that their silence on the matter has now turned into a form of implied guilt, raising the specter of bench warrants being issued for their non-compliance. Claimant Alkiviades David, who serves as the Ambassador-at-Large for the Green Economy of Antigua and Barbuda, emphasized the serious nature of the allegations, which include systematic obstruction of environmental initiatives, financial facilitation of illicit networks, and tortious interference with the economic survival of a sovereign nation.
In a recent procedural filing, the court acknowledges multiple failures by the named parties to comply with necessary legal engagement, prompting consideration for enforcement measures against them. With potential damages cited at over USD $80 billion and the court already setting precedents with prior bench warrants, the urgency for these executives to respond becomes increasingly critical.
No liability has been confirmed yet, but regulators and enforcement authorities are closely observing proceedings, with implications extending beyond civil matters. The warning extends beyond corporate responsibility, placing personal accountability at the forefront. This situation marks a pivotal moment for the intersection of corporate governance and legal accountability in international finance.
