HomeNewsReport Claims JPMorgan Chase Had Bigger Ties to Epstein Than Previously Known

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

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

    Mary Erdoes, a high-ranking executive who reports to JPMorgan Chase & Co. 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 the bank.

    During this period, she exchanged numerous emails with Epstein and discussed the possibility of splitting fees from a charitable fund that the bank was considering launching, according to sources.

    In April 2013, John Duffy, who supervised JPMorgan’s private bank for the ultra-wealthy in the United States, met with Epstein at his townhouse. 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.

    Last month, the U.S. Virgin Islands government unsealed previously redacted portions of the federal litigation, some of which reveal the relationship between former JPMorgan executive (and later Barclay CEO) Jes Staley and Epstein.

    The Virgin Islands informed the judge that JPMorgan’s attempt to deflect responsibility onto its former senior executive Jes Staley was incorrect and that the bank’s involvement in Epstein’s sex trafficking went all the way to the top.

    “If Mr. Staley is a rogue employee, why isn’t Jamie Dimon?” the government’s private counsel Mimi Liu thundered, urging a judge to advance their lawsuit.

    Law and Crime reported that in August 2008, an internal JPMorgan email discussed the flow of Epstein’s assets and made allusion to a “pending Dimon review.”

    “The remarks provide insight into why the Virgin Islands issued a subpoena to Dimon earlier this year — and why Senior U.S. District Judge Jed Rakoff signed off on it. JPMorgan insisted that Dimon is not relevant to the lawsuit, asserting that he wasn’t involved in any decisions related to Epstein’s account. Their arguments ultimately didn’t sway the judge on the discovery motion,” Law and Crime reported.

    “JPMorgan, the world’s largest bank by market capitalization, was Epstein’s bank of choice between 1998 and 2013, well after Epstein’s Florida prosecution for soliciting prostitution with a minor. That relationship has been under a newfound spotlight after Epstein survivors and the Virgin Islands sued JPMorgan Chase late last year, claiming that it ‘facilitated, sustained and concealed’ Epstein’s abuse,” the outlet added.

    JPMorgan has refuted the allegations from the U.S. Virgin Islands and launched a counterattack against Staley, alleging that he “concealed his personal activities” with Epstein.

    Between 2008 and 2012, Staley and Epstein exchanged roughly 1,000 emails. Fox News reports that newly declassified information reveals an unusual exchange between Staley and Epstein in which they make references to Disney characters.

    “These women were trafficked and abused during different intervals between at least 2003 and July 2019, when Epstein was arrested and jailed, and these women received payments, typically multiple payments, between 2003 and 2013 in excess of $1 million collectively,” according to the unsealed passages

    The then-Attorney General of the US Virgin Islands, Denise George, filed a lawsuit against JPMorgan Chase regarding the bank’s financial dealings with Epstein, alleging that the Wall Street finance titan profited from Epstein’s sex trafficking activities while failing to report suspicious activity to the authorities.

    More on this story via Conservative Brief:

    The island’s civil action comes on the heels of lawsuits filed in December by two women against JPMorgan and Deutsche Bank who also accused Epstein of sexual abuse, claiming that the financial institutions benefitted from the late pedophile’s sex trafficking. CONTINUE READING…

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