In 2019 Shock Exchange predicted convicted pedophile Jeffrey Epstein would end it all after being arrested. Epstein pleaded not guilty to child sex-trafficking charges and faced up to 45 years in prison. Shortly after being locked up, Epstein was found dead of an apparent suicide. Epstein had been accused up sexually abusing young girls for years, ranging from New York City to Palm Beach, FL. Crimes of this magnitude could not go on without Epstein being aided and abetted by some powerful people who could help fund Epstein’s operations and help him camouflage the operations.
Now the US Virgin Islands and “Jane Doe,” one of the many victims of Epstein’s sex-trafficking scheme, is accusing JPMorgan Chase and its former executive, Jes Staley, of aiding and abetting of Epstein. The allegations include, but are not limited to:
The complaint list Jane Doe’s major claims as follows:
(1) Doe seeks damages from JPMC for herself and other individuals allegedly ex-ploited by Jeffrey Epstein (“Epstein”) under New York intentional tort law, New York negligence law, and the federal Trafficking Victims Protection Act (“TVPA”);
(2) Doe alleges, among other things, that she was a victim of Epstein’s “sex trafficking scheme” and that “from 2006 through 2013, Epstein sexually abused Jane Doe 1 on a number of occasions in New York, Florida, New Mexico, and the United States Virgin Islands.”
We understand Jes Staley worked at JP Morgan from 1979 to 2013 in various positions. From 2001 to 2009, Staley was CEO of JP Morgan’s asset management business. In 2009 Staley became CEO of JPMorgan’s corporate and investment banking business. Apparently, Jes Staley made so much money for JPMorgan from managing Epstein’s accounts that he was eventually hired as CEO of Barclays. He was CEO at Barclays at the time of Epstein’s death in 2019. After British regulators concluded their investigation into Staley’s relationship with Epstein, Staley stepped down as CEO of Barclays in November 2021. However, the tail risk from his association with Epstein appears to remain.
Banks are required to keep copious records of large cash withdrawals from customers’ accounts. Allegedly, Staley and JPMorgan did not follow bank policies as closely as they should have pursuant to Epstein, who needed cash to maintain his stable of young women as part of his sex-trafficking operations. He needed cash to keep the girls quiet and cash payouts to recruits more girls. Looking the other way while Epstein skirted bank rules may have been part in parcel of Staley compelling Epstein – and Epstein’s billionaire associates – to keep their business with the bank.
This will be interesting how this plays out.for JPMorgan and its popular CEO Jamie Dimon. From Fox News to JPMorgan to CNN, this appears to be a consistent theme of large institutions lying or engaging in illegal activities in a quest for profits. Whether the “juice was worth the squeeze” for JPMorgan remains to be seen.
