JP Morgan sues former executive ‘for hiding Jeffrey Epstein’s sex abuse to help retain pervert financier as bank’s client’: Lawsuit says he should be liable for any fines levied against firm and demands he repay wages
- JP Morgan alleged executive Jes Staley knew what Jeffery Epstein was doing
- The bank sued him after it was sued by the US Virgin islands for the same claims
- In their lawsuit, JP morgan demanded Staley pay damages if it loses its case with the US Virgin Islands, and said he must pay back his wages worth millions
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 it knew about Epstein’s nefarious behavior for years but turned a blind eye to it.
The suing of Staley draws him into JP Morgan’s case with the government of the US Virgin Islands and positions him as a defendant. The move could make Staley responsible for JP Morgan’s financial damages if the bank loses its case.
The US Virgin Islands alleged in its lawsuit that Staley exchanged a number of explicit emails with Epstein which included pictures of underage women. Those emails allegedly continued after Epstein was convicted of soliciting prostitution from a underage girls in 2008.
Staley was known to have shared a close relationship with Epstein over the years, with the pair sometimes taking trips together. Staley has not been convicted of any crimes in relation to Epstein.
Jes Staley (left) with Jeffrey Epstein in 2011. The picture was taken after Epstein was convicted of soliciting prostitution from a underage girls in 2008
After the full extent of Epstein’s crimes became known in 2019, Staley initially claimed he and Epstein were little more than acquaintances tied by business
In its lawsuit against JP Morgan filed in December, the US Virgin Islands alleged the bank ‘had a more than close-up view of Epstein’s sex-trafficking.’
It also said the bank ‘ignored obvious red flags relating to Epstein’s accounts.’
Epstein ran much of his criminal activities out if Little St. James Island, a private island he owned off the coast off the St. James islands.
The government alleged that JP Morgan had more than enough exposure to Epstein’s accounts to determine he was conducting criminal behavior in their territory.
Staley was not named in the lawsuit from the US Virgin Islands.
JP Morgan denied the allegations and moved for a dismissal of the case.
In its 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 hiding information about Epstein.
The bank also said he put his and Epstein’s interests before the its own.
The lawsuit also demands Staley pay back the wages he was paid from 2006 to 2012, which could amount to tens of millions of dollars, according to Reuters.
Jeffery Epstein pictured in New York City in 2005 alongside Ghislaine Maxwell
The US Virgin Islands filed a lawsuit against the bank alleging knew about Epstein’s nefarious behavior for years but turned a blind eye to it
While a high-ranking JP Morgan executive, Staley famously visited Epstein in prison after his conviction for prostitution in 2008.
The bank has denied Staley actually went to the prison, saying instead Epstein visited Staley at his office during a work release for his 18-month prison sentence.
After the full extent of Epstein’s crimes became known in 2019, Staley initially claimed he and Epstein were little more than acquaintances tied by business.
Later he admitted to having a close professional relationship that he established while running JP Morgan’s private bank and asset management division from 2000 to 2009.
Staley became the CEO of Barclay’s in 2015, but in 2021 stepped down amidst a probe into whether he had concealed the extent of his relationship with Epstein.
In its suit against Staley, JP Morgan accused him of being the unnamed man implicated in an assault case from a Jane Doe against Epstein which said ‘one of Epstein’s friends used aggressive force in his sexual assault of her and informed Jane Doe 1 that he had Epstein’s permission to do what he wanted to her.’
JP Morgan alleged that friend was Staley, according to Reuters.
‘Upon information and belief, Staley is this person, who she described as a ‘powerful financial executive’ she had historically been afraid to identify,’ JP Morgan’s complaint read.
