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James E. Staley, the previous prime JPMorgan Chase government who was closest to the disgraced financier Jeffrey Epstein on the financial institution, relied on him for a few years as nearly one thing of a private adviser, a doc exhibits.
The two males mentioned all kinds of matters in emails, together with a possible assembly between Chinese officers and executives of the nation’s largest financial institution, business offers that Mr. Staley was engaged on, a possible promotion for Mr. Staley and the fallout from the 2008 monetary disaster, based on a doc the financial institution ready shortly after Mr. Epstein’s arrest in 2019 on federal sex-trafficking costs.
The doc, reviewed by The New York Times and included as a sealed exhibit in a courtroom submitting, additionally revealed the non-public nature of Mr. Staley’s relationship with Mr. Epstein. Quite a few instances, Mr. Staley informed Mr. Epstein he missed him, talked about mutual buddies and about serving to his daughter get into graduate faculty.
In one e mail, Mr. Staley bragged to Mr. Epstein about his New Year’s Eve 2011 plans: “I’m here in Brazil with three beautiful women. Have a happy new year.”
In one other e mail change, based on the doc, Mr. Staley wrote to Mr. Epstein in 2010: “Maybe they’re tracking u?? That was fun. Say hi to Snow White.” Mr. Epstein replied, “What character would you like next.” In 2009, Mr. Epstein despatched Mr. Staley an e mail with a photograph attachment “of a young woman wearing a revealing outfit in a modeling pose,” the doc mentioned.
Mr. Staley, higher referred to as Jes, is a central determine in two civil lawsuits filed final 12 months in opposition to JPMorgan over the financial institution’s practically 15-year business relationship with Mr. Epstein. The lawsuits contend JPMorgan regarded the opposite approach at accusations that Mr. Epstein was trafficking teen women and younger males, and continued to even when he needed to register as a intercourse offender after pleading responsible in 2008 to a cost of soliciting prostitution from a teenage lady.
Mr. Staley has repeatedly denied in courtroom papers doing something incorrect or being conscious that Mr. Epstein had sexually abused younger ladies and teenage women whereas the financial institution had him as a shopper. Mr. Staley’s attorneys didn’t reply to requests for remark. JPMorgan, which additionally mentioned it was unaware of Mr. Epstein’s actions, this 12 months sued Mr. Staley in search of to make sure that, if it was decided that he did have interaction in improper exercise, he might be held accountable for damages the financial institution may find yourself paying.
The 22-page doc additionally summarizes different emails involving communications between Mr. Epstein and different workers of JPMorgan.
In some emails, Mr. Epstein talked about all of the wealthy and well-known individuals he was assembly or speaking to, together with Prince Andrew. He talked about having connections to British politicians and Middle Eastern leaders. He additionally mentioned an artwork transaction he mentioned he helped Leon Black, the billionaire Wall Street investor, full. Mr. Black was one other shut affiliate of Mr. Epstein’s for a few years and paid him $158 million for tax and monetary recommendation.
Source: www.nytimes.com