As we have been reporting here at TGP, former JPMorgan top executive and ex-Barclays’ CEO Jes Staley is suing the UK banking regulators (Britain’s Financial Conduct Authority – FCA) to overturn a lifetime ban on working in British financial services – as well as a hefty $2.3M fine.
Staley was accused of ‘misrepresenting’ his long and close ties with the late pedophile – and accused sex trafficker – Jeffrey Epstein.
But, in trying to ‘reclaim his reputation,’ Staley is undergoing several days of deposition – and a slew of details of his interactions with Epstein over the years is emerging.
The result is a series of bombshell revelations, beginning with Staley’s admission of having sex with an Epstein employee, but also of sharing clients’ information with him, and having lobbied JPMorgan to keep him as a client.
Reuters reported:
“Former Barclays boss Jes Staley had sex with a member of serial pedophile Jeffrey Epstein’s staff, the banker told a court on the third day of his evidence as he appeals against a proposed financial services ban.”
The married father Staley has admitted to having sex with one of Jeffrey Epstein’s staff at the Upper East Side town building ‘where the pedophile trafficked underage girls’.
Daily Mail reported:
“The 68-year-old said he had grown close to the woman while attending meetings with Epstein who banked with him when he worked at JP Morgan. The woman, who was not named, is among more than 60 Epstein victims represented by lawyer Brad Edwards, who later settled a claim against the financier’s £435m estate.
The encounter, which was described as consensual, occurred at 301 East 66th Street which was said to have been used by the sex offender to hold his young victims.
Mr Staley admitted: ‘She was a part of his staff as I recall.’ He added: ‘This individual and I…sometimes I would go to his apartment, and he would be late, and we got to know each other.
‘Much to my embarrassment, we had one encounter,’ he told the court but claimed Epstein was not aware of it.”
Staley also said that Epstein, who was an FBI informant and widely rumored to be an intel asset, had a ‘remarkable ability’ to gather Wall Street intel.
Staley testified that the shady ‘financier’ knew more about what was going on at the top levels of the bank than he did.
The New York Post reported:
“’Mr. Epstein was also well connected within the upper levels of JPMorgan itself’, Staley said during his second day in the witness box as he appealed a proposed ban and $2.3 million fine from London’s financial regulatory agency.
‘He seemed to be aware of things relating to the bank, that I was not aware of’, Staley added.”
During the hearing of the lawsuit, the FCA revealed that JPMorgan told British regulators that the bank believed Staley might have been involved in Epstein’s crimes.
“The major Wall Street firm told the FCA that it had information that ‘indicated involvement of Mr. Staley in criminal activity related to Mr. Epstein’s trafficking convictions’, according to Mark Steward, the agency’s former head of enforcement.”
Staley also admitted sharing client information with Epstein while working for JPMorgan.
The Irish News reported:
“Giving evidence for a second day on Tuesday, Mr. Staley said that he shared client information with Epstein during his time at JPM, where he worked for more than 30 years and acted as a private banker to Epstein.”
Leigh-Ann Mulcahy KC, lawyer for the FCA reminded him of the duty of confidentiality// not for a bank to disclose a client’s relationship status?”
“When Ms Mulcahy asked whether Mr Staley shared client details with Epstein, he replied: ‘Yes’.”
[…] He said: ‘Big bankers are allowed to seek counsel from people they trust all the time’.”
Another revelation shows that Staley lobbied the world’s biggest bank to keep Jeffrey Epstein as a client, after he was handed a prison sentence for soliciting underage girls.
The Telegraph reported:
“The court heard on Tuesday that JP Morgan’s compliance team had raised concerns over Epstein’s account in 2011, which came after he served 13 months in a Florida prison for soliciting prostitution from a minor.
According to internal emails presented in court, JP Morgan’s compliance team held a meeting ‘to determine how to approach the issue with Jes Staley, who is friends with Epstein’. The email added that Mr. Staley ‘needs to understand the potential backlash to the firm given all the work done to root out clients involved in human trafficking’.
[…] Mr Staley subsequently asked JP Morgan’s lawyer to ‘hear [Epstein] out’, the court heard.”
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