JP Morgan Sues Former Executive ‘For Concealing Jeffrey Epstein’s Sexual Assault To Help Retain Perverted Financier As A Bank Client’: Lawsuit Says He Should Be Liable For Firm’s Fines, Demands He Pay Wages
- JP Morgan executive Jes Staley knew what Jeffery Epstein was doing
- The bank sued him after the US Virgin Islands sued him over the same claims.
- In his lawsuit, JP Morgan demanded that Staley pay damages if he loses his case with the US Virgin Islands and said he must return his millions worth of salary.
JP Morgan has sued a former executive who was allegedly responsible for keeping pedophile sex trafficker Jefferey Epstein’s business at the bank for fifteen years.
James Edward ‘Jes’ Staley was sued by JP Morgan after the US Virgin Islands filed a lawsuit against the bank, claiming they knew about Epstein’s nefarious behavior for years but turned a blind eye.
Staley’s lawsuit implicates him in JP Morgan’s case with the US Virgin Islands government and positions him as a defendant. The move could hold Staley liable for JP Morgan’s financial damages if the bank loses the case.
The US Virgin Islands alleged in its lawsuit that Staley exchanged a series of explicit emails with Epstein that included photos of underage women. Those emails allegedly continued after Epstein was convicted of soliciting underage girls for prostitution in 2008.
Staley was known to have shared a close relationship with Epstein over the years, with the pair sometimes traveling together. Staley has not been convicted of any Epstein-related crimes.
Jes Staley (left) with Jeffrey Epstein in 2011. The photo was taken after Epstein was convicted of soliciting an underage girl for prostitution in 2008.
After the full extent of Epstein’s crimes became known in 2019, Staley initially claimed that he and Epstein were little more than business acquaintances.
In its lawsuit against JP Morgan filed in December, the US Virgin Islands alleged that the bank “had more than a close view of Epstein’s sex trafficking.”
He also said the bank “ignored obvious red flags related to the Epstein accounts.”
Epstein conducted much of his criminal activity on Little St. James Island, a private island he owns off the coast of the St. James Islands.
The government claimed that JP Morgan had more than enough exposure to Epstein’s accounts to determine that he was engaging in criminal behavior on its turf.
Staley was not named in the US Virgin Islands lawsuit.
JP Morgan denied the allegations and requested the dismissal of the case.
In their lawsuit, the bank said Staley should cover all their damages if they lose their case against the US Virgin Islands, accusing him of “intentional and outrageous conduct” in concealing information about Epstein.
The bank also said it put its interests and Epstein’s before its own.
The suit also demands that Staley pay wages he was paid between 2006 and 2012, which could run into the tens of millions of dollars, according to Reuters.
Jeffery Epstein photographed in New York City in 2005 with Ghislaine Maxwell
The US Virgin Islands filed a lawsuit against the bank claiming they knew about Epstein’s nefarious behavior for years, but turned a blind eye.
While a high-ranking executive at JP Morgan, Staley visited Epstein in prison after his 2008 prostitution conviction.
The bank has denied that Staley actually went to prison, saying Epstein instead visited Staley in his office while on work leave for his 18-month prison sentence.
After the full extent of Epstein’s crimes became known in 2019, Staley initially claimed that he and Epstein were little more than business acquaintances.
He later admitted to a close professional relationship that he established while running JP Morgan’s private banking and asset management division from 2000 to 2009.
Staley became chief executive of Barclay’s in 2015 but resigned in 2021 amid an investigation into whether he had concealed the extent of his relationship with Epstein.
In his lawsuit against Staley, JP Morgan accused him of being the anonymous man implicated in a Jane Doe assault case against Epstein that said “one of Epstein’s friends used aggressive force in his sexual assault on her and informed Jane Doe 1 that he had Epstein’s permission to do whatever he wanted with her.
JP Morgan claimed that friend was Staley, according to Reuters.
“Based on information and belief, Staley is this person, whom he described as a ‘powerful financial executive’ that he had historically been afraid to identify,” the JP Morgan complaint said.