HomeNewsReport Claims Banking Giant JPMorgan Chase Had Bigger Ties to Epstein Than...

    Report Claims Banking Giant JPMorgan Chase Had Bigger Ties to Epstein Than Previously Known

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    According to a Friday report, sources with knowledge of the situation reveal that JPMorgan Chase & Co.’s ties to convicted sex offender Jeffrey Epstein were more extensive than the bank had publicly acknowledged and lasted for several years after the bank terminated his accounts.

    Mary Erdoes, a high-ranking executive who reports to CEO Jamie Dimon, reportedly visited Jeffrey Epstein’s residence on Manhattan’s Upper East Side twice in 2011 and 2013, while Epstein was still a client of JPMorgan Chase & Co., according to The Wall Street Journal.

    During this time, she reportedly exchanged numerous emails with Epstein and discussed the possibility of splitting fees from a charitable fund that the bank was considering establishing, according to the WSJ.

    John Duffy, who supervised JPMorgan’s ultra-wealthy private bank in the United States, met with Epstein at his townhouse in April 2013, according to the WSJ. A month after the meeting, and despite repeated compliance staff concerns about Epstein’s unconventional banking practices, the financial behemoth renewed Epstein’s authorization to borrow against his accounts.

    According to sources, JPMorgan banker Justin Nelson, who managed Epstein’s accounts, visited Epstein’s Manhattan home approximately six times between 2014 and 2017. Additionally, he reportedly visited Epstein’s New Mexico ranch in 2016, according to the report.

    JPMorgan had stated previously that it had closed Epstein’s accounts in 2013. Erdoes, meanwhile, stated through a JPMorgan spokesperson that the only time she remembered meeting Epstein was when she terminated him as a private bank client.

    According to the WSJ, Erdoes declined to provide further comment for its report.

    Epstein was convicted of procuring a minor for prostitution in 2008 and required to register as a sexual offender. Later in 2019, he was arrested on suspicion of masterminding a scheme to engage in human trafficking and sexual exploitation of minor females.

    The bank has denied any knowledge of Epstein’s illegal activities and taken legal action against its former executive, Jes Staley, alleging that he misled the bank about Epstein’s conduct and reputation. The legal team representing Staley has responded that the allegations against him are unfounded.

    The most recent revelations indicate that JPMorgan continued to treat Epstein as a valuable client despite staff concerns, even after his initial conviction. In addition, following the bank’s decision to close Epstein’s accounts, its officers continued to confer with him for an extended period of time, according to the WSJ.

    A spokesperson for JPMorgan told the news outlet that Epstein’s level of engagement was not atypical for a private bank client. In addition, according to the spokesperson, any meetings between Epstein and JPMorgan after 2013 were exclusively related to other bank clients that Epstein represented.

    More on this story via Conservative Brief:

    Two lawsuits filed against JPMorgan in federal court in Manhattan in late 2022 have once again highlighted the bank’s links to Jeffrey Epstein. CONTINUE READING…

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