[Stephen Ogilvy, Public domain, via Wikimedia Commons]

New Docs Show JP Morgan Bank Allegedly Helping Jeffrey Epstein

JP Morgan has allegedly been caught in the Jeffrey Epstein scandal and is now facing the consequences of allegedly helping the pedophile pimp partake in human trafficking. New Conservative Post reported that more of the elite might be seeing their names in court documents soon.

CBS writes, “Late New York financier Jeffrey Epstein sent lewd images of women to a senior executive at JPMorgan Chase that the bank knew about but ignored for years, according to claims in a lawsuit made public this week. 

The U.S. Virgin Islands is suing JPMorgan, accusing it of facilitating Epstein’s alleged sex trafficking across Florida and the U.S. territory by ‘channeling funds’ to fund his activities and by concealing his conduct. The U.S. territory filed its lawsuit last month, although specifics about the allegations were only made public on Wednesday. The lawsuit accuses Chase of participating in a sex-trafficking venture.”  

The New York Times offered more details of the creepy banker and his time on the “Lolita Express.” The newspaper reported, “The former top JPMorgan Chase executive responsible for the bank’s 15-year relationship with the disgraced financier Jeffrey Epstein swapped sexually suggestive emails about young women with him — even after Mr. Epstein had been convicted of sex crimes in 2008, according to a filing Wednesday in a lawsuit against JPMorgan in federal court.

The document bolstered claims in the original complaint, filed in late December, that James E. Staley, who was the lead private banker of JPMorgan, and Mr. Epstein were unusually close and that the bank should have been aware of the relationship. The two men exchanged more than 1,000 emails, according to the court filing.

Mr. Staley, who goes by Jes, later became the chief executive of the British bank Barclays. But in 2021, the bank pushed him out in the swirl of a regulatory inquiry into his years-earlier relationship with Mr. Epstein and whether he had fully disclosed the extent of those ties before joining Barclays.

Lawyers for the government of the U.S. Virgin Islands said in the amended civil complaint that Mr. Epstein had emailed Mr. Staley “photos of young women in seductive poses,” and that the two had engaged in “discussions of sex with young women.” The complaint is against JPMorgan, and Mr. Staley is not a defendant. 

The lawsuit said, “JPMorgan had a more than close-up view of Epstein’s sex-trafficking” of young women because of Mr. Staley’s close relationship to Mr. Epstein.”

The unredacted emails are quite creepy. Epstein allegedly had a “menu” and nicknamed the women he trafficked as Disney princesses. “In the newly unsealed passages, the U.S. Virgin Islands government claims Staley sent emails from Epstein’s island in the fall of 2009, when Epstein was incarcerated in Florida.

“So when all hell breaks l[o]ose, and the world is crumbling, I will come here, and be at peace,” Staley allegedly said in the email. “Presently, I’m in the hot tub with a glass of white wine. This is an amazing place. Truly amazing. Next time, we’re here together. I owe you much. And I deeply appreciate our friendship. I have few so profound.”

One month later, Staley allegedly sent another email to Epstein: “I realize the danger in sending this email. But it was great to be able, today, to give you, in New York City, a long heartfelt, hug.”

Epstein allegedly responded by sending a photo of a young woman, with the image redacted in the lawsuit,” according to CNN.

“In July 2010, the filing alleges that Staley sent an email to Epstein, saying, ‘Say hi to Snow White.’ Epstein responded: ‘W]hat character would you like next?” When Staley said “Beauty and the Beast,” Epstein replied: ‘Well one side is available.’ Virgin Islands lawyers claim references to Disney princesses were code words for young women.”

The Times had previously shown that the bank was happy to play along, noting that “compliance officers at JPMorgan Chase conducted a sweep of their wealthy clients a decade ago, they recommended that the bank cut its ties to the financier Jeffrey E. Epstein because his accounts posed unacceptable legal and reputational risks.

Yet Mr. Epstein, who had been charged with sex crimes and pleaded guilty in 2008 to solicitation of prostitution, remained a JPMorgan client until 2013.

The main reason, according to six former senior executives and other bank employees familiar with the matter, was that Mary C. Erdoes, one of JPMorgan’s highest-ranking executives, intervened to keep him as a client.

Part of her rationale was that Mr. Epstein played a lucrative role in recruiting new customers to JPMorgan’s private-banking division, which caters to ultrawealthy people and families, the six employees said. That made him an especially coveted client.”

The filing came a few weeks after the U.S. Virgin Islands “announced a $105 million settlement with Epstein’s estate, meant in part to claw back “more than $80 million in economic development tax benefits that Epstein and his co-defendants fraudulently obtained to fuel his criminal enterprise,” the attorney general’s office said in a Dec. 1 statement.

Additionally, the settlement calls for the territory to receive half of the proceeds from the sale of Little St. James island “on which Epstein resided and on which many of his crimes occurred.”

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