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Florida AG Launches Investigation Into JPMorgan Chase over Trump Media De-Banking

  • On Monday, Florida Attorney General James Uthmeier announced a probe into New York-based JPMorgan Chase, citing TMTG's Sarasota incorporation and ordering CEO Jamie Dimon to preserve records.
  • A March 28, 2023 subpoena sought "any and all records" related to Trump Media & Technology Group, and Uthmeier says JPMorgan Chase questioned TMTG's leadership before closing its accounts after a March 2024 merger.
  • Devin Nunes, Trump Media CEO, said JPMorgan's closures 'looked political' and President Donald Trump said banks refused more than $1 billion in TMTG deposits.
  • A JPMorgan spokeswoman Lauren Bianchi declined to comment on Uthmeier's letter and said the bank "follows the law in responding to subpoenas," while Sen. Rick Scott and Sen. Marsha Blackburn urged Attorney General Pam Bondi to unseal grand jury materials.
  • The inquiry will examine whether JPMorgan's treatment of TMTG violated consumer-protection and anti-discrimination laws and may implicate numerous Florida criminal and civil anti-fraud laws, tied to Senate Judiciary Committee findings on Arctic Frost surveillance revelations.
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