😓💸🔥 Big Bank JPMorgan Stay Unda Heat fo’ One Kahuna Time Dealing Wit Jeffrey Epstein

JPMorgan, da biggest bank in da nation, stay unda fire afta long time pili wit one shady kine guy, Jeffrey Epstein. Two big lawsuits wen throw da red flag, saying da bank neva pay attention to da dirt kine stuff Epstein wen do cuz dey been making mad kala from dea dealings togetha 💔👀💰.

Jeffrey Epstein, he wen be all kine things: one sex predator, one fren to da high maka maka folks, and for plenny years, one big money client fo’ da bank.

Right now, da bank stay facing one solid lesson from dea 15-year relationship wit Epstein. Could cost ’em big time if dey lose in da two civil lawsuits. Da lawsuits claim dat da bank wen look da oddah way wen Epstein been trafficking teen girls for sex, all cuz da bank been making good money off da guy 🏦👧🏽💔.

Lotta new info coming out cuz of dese cases, saying dat bank workers wen flag Epstein’s activity as sus plenty times. Oddah documents show how Epstein stay tight wit da top guys at da bank and how easy he could reach ’em, even afta he plead guilty in Florida in 2008 for messing wit one teenage wahine 💼👫📁.

Dese lawsuits wen be filed late las’ year in federal court up in Manhattan. One lawsuit brought by lawyers for Epstein’s victims, da oddah one by da U.S. Virgin Islands government. Dey moving quick, with plenny testimonies taken from victims, Virgin Islands officials and people who worked fo’ da bank and Epstein ⚖️🚀💥.

Dis Friday get one big kine deadline, when Jamie Dimon, da boss man of JPMorgan, scheduled fo’ questioning at da bank’s main office in Manhattan 🏢⏱️🔍.

Epstein wen die tree years ago, looked like suicide, wen he stay locked up on sex trafficking charges. JPMorgan wen cut him off as a client ten years ago. Most of da documents and exhibits in da lawsuit stay sealed up 📚🔒💀.

One document made by da bank, shown in a court filing last week, suggest dat JPMorgan workers wen file plenty suspicious activity reports, or SARs, about Epstein’s money moves. Da names of about 50 workers who da bank said wen report SARs related to Epstein’s accounts from 2000 to 2019 stay hidden 🔎💵🗂️.

Banks gotta file SAR with da federal guys if dey suspect dat one transaction might involve dirty money or fraud. Dese reports stay secret cuz da transactions could be on da up and up, but dey can give da law enforcement guys leads to follow 🚔💰📚.

One JPMorgan spokeslady said da bank neva know about anything dat show Epstein was involved in sex trafficking. In documents related to da case, da bank also wen share dat dey wen ask federal prosecutors in Florida in 2011 if dey stay investigating Epstein. Da bank said da prosecutors neva disclose any investigation 🔍👩‍⚖️🗃️.

One separate set of emails and partial calendar entries wen be seen by The New York Times. Shows dat da top dogs at da bank wen be familiar wit Epstein.

Epstein wen write one email in October 2011 to Mary C. Erdoes, da current head of da bank’s asset and wealth management division. He wen say, “Still waiting for your call.” Erdoes wen respond, “Seriously. It is 1 a.m. your time. I would say get a life … but you are at the Ritz and we aren’t.” She add dat she just wen land in California and would talk to Epstein da next day 📩🕐🌌.

Dese emails, and calendar entries for Epstein while he stay at his Manhattan mansion, was gotten through a public records request to da attorney general for da U.S. Virgin Islands. JPMorgan’s spokeslady has said contact between rich clients and bank executives no unusual 🏰🗂️💬.

Da emails provided to The Times by da Virgin Islands also include exchanges between Epstein and James E. Staley, da JPMorgan guy with da closest ties to him. Some was personal kine stuff. In one conversation from 2015, Staley wen ask Epstein if he would meet with his daughter to talk about her plans afta college. In a 2011 email exchange, dey talk story about setting up one dinner with Epstein and Staley’s ‘ohana 🍽️👪📨.

Oddah emails between Epstein, Erdoes and Staley was about potential business deals. One series of emails focused on Epstein’s try fo’ make one charitable partnership between da bank, da Bill & Melinda Gates Foundation and oddahs. He also wen ask about meeting with Dimon to talk about da plan 🤝💰📧.

Da bank’s spokeslady said Epstein neva wen meet wit Dimon. Epstein’s proposed charity fund with da Gates Foundation and JPMorgan neva get past da talking stage in 2011 when Gates first met Epstein 🗣️🚫💡.

JPMorgan wen cut ties wit Epstein in 2013, though dat was years afta some members of da bank’s compliance department wen raise alarms about doing business wit him. And it dropped him only afta Staley wen leave for oddah job 🏃‍♂️💼🚫.

Staley and Erdoes, The Times wen report before, liked da idea of keeping Epstein as a client afta his 2008 guilty plea, partly cuz he helped bring wealthy clients to JPMorgan’s private-banking division 🤝💰✅.

Da relationship between Epstein and Staley, who dey call Jes, is one big kine question in da lawsuit. Lawyers for da Virgin Islands wen claim dat da two men wen share emails about young wahines dat wen come off kinda sexual, and dat sometimes Epstein wen send Staley “photos of young women in seductive poses” 💻👩‍🦰💌.

Da Virgin Islands wen say da bank should have been aware of da emails. Staley wen leave JPMorgan in 2013 and in 2015 became da boss man of Barclays. He wen quit dat job in 2021 cuz of da backlash from one investigation by British regulators about how he wen describe his relationship wit Epstein 👨‍⚖️🔍🔄.

JPMorgan wen say it neva know about any inappropriate conduct involving Staley. But da bank wen name him as a defendant in a third-party lawsuit, so dat if dey find out dat Staley wen do something bad, he can be held responsible for any damages dey gotta pay. One federal judge dis week wen reject Staley’s try fo’ get dismissed from da lawsuit 📜⚖️🚫.

Staley and his lawyers neva respond to requests for comment, but in court papers, he wen deny doing anything wrong and wen say he neva know about any sex trafficking operation 📝💼🤐.

Da lawyers for Epstein’s victims wen score big win in a similar case last week, when Deutsche Bank, which wen take over from JPMorgan as Epstein’s main banker, wen agree to pay $75 million to settle one proposed class-action suit filed in federal court last year. The German bank previously wen pay a $150 million penalty to New York regulators 🏦💵💰.

Da proposed settlement with Deutsche Bank might become one example for any deal with JP Morgan. JPMorgan wen manage 40 accounts for Epstein and wen handle most of his wire transfers, which included payments to wahines believed to be victims, people who know about da situation wen say 💸💳📈.

“JPM was his true partner,” wen say Bradley Edwards, who, along with David Boies, is part of the legal team representing the victims of Epstein in the lawsuit. “There is no real comparison between the two cases.” 🤝👥⚖️.

To date, Epstein’s estate — once valued at $600 million — has paid out over $150 million in settlements to more than 125 victims. Those victims could be eligible to get some of the money from the proposed deal with Deutsche Bank 🏦💵🔄.

Da Virgin Islands lawsuit against JPMorgan wen come from information the territory had gathered during litigation with Epstein’s estate. The Virgin Islands had sued to get back tens of millions in tax benefits it had given to Epstein’s businesses that were based in St. Thomas, reaching a $105 million settlement in November 🏝️💼💸.

Da Virgin Islands’ own dealings with Epstein also have made some controversy over the years. Not only did it give lucrative tax breaks to his businesses but in 2012, the government wen ease travel restrictions for Epstein afta one request from his lawyers, according to documents dat The Times got through a public records request 📑🛩️📥.

Cuz of his status as a sex offender, Epstein was required to tell authorities about any travel plans, but that advance notice was cut to one day from about three weeks by the Virgin Islands’ attorney general at the time, the documents show 📝✈️⏰.

JPMorgan has jumped on some of these criticisms of the Virgin Islands government to argue the territory is in no position to sue for damages. The bank, in a court filing on Tuesday, said officials in the U.S. territory had a long history of being buddy-buddy wit Epstein and looked “the other way when he walked through U.S.V.I. airports accompanied by girls and young women” 🏛️👭👀.

Da bank also noted Epstein made frequent campaign donations to local politicians, and it has sought information about Cecile de Jongh, the wife of a former governor of the Virgin Islands, who was a longtime office manager for Epstein’s companies. It is also set to depose Albert Bryan Jr., the current governor, who was the chairman of the agency that gave Epstein’s businesses the big tax breaks 📊📝👩‍💼.

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NOW IN ENGLISH

😓💸🔥 JPMorgan Chase, a leading financial institution, continues to face severe scrutiny for its past interactions with Jeffrey Epstein

JPMorgan, the nation’s largest bank, is under scrutiny for its long-term relationship with the controversial figure, Jeffrey Epstein. Two significant lawsuits allege that the bank overlooked Epstein’s illicit activities due to their lucrative relationship 🏦👀💰.

Jeffrey Epstein, a sex offender, socialite, and for many years, a high-value client for the bank, has cast a long shadow on JPMorgan.

The bank is now bracing for the repercussions of their 15-year association with Epstein. If they lose in the two civil lawsuits, it could have hefty financial consequences. The lawsuits allege that the bank turned a blind eye to Epstein’s involvement in sex trafficking of minors, as they profited from him 🏦👧🏽💔.

Lots of new information is emerging due to these cases, suggesting that bank employees flagged Epstein’s activities multiple times. Other documents reveal Epstein’s close ties with top bank executives and his easy access to them, even after his 2008 guilty plea for soliciting a minor for prostitution 💼👫📁.

These lawsuits were filed late last year in the federal court in Manhattan. One lawsuit was brought by lawyers for Epstein’s victims, the other by the U.S. Virgin Islands government. They are moving quickly, with a lot of testimonies taken from victims, Virgin Islands officials, and individuals who worked for the bank and Epstein ⚖️🚀💥.

Jamie Dimon, the chief executive of JPMorgan, is scheduled for questioning at the bank’s main office in Manhattan this Friday 🏢⏱️🔍.

Epstein died three years ago in what appeared to be a suicide while incarcerated on sex trafficking charges. JPMorgan severed ties with him as a client ten years ago. Most of the documents and exhibits in the lawsuit are sealed 📚🔒💀.

A bank document revealed in a court filing last week suggests that JPMorgan employees filed numerous suspicious activity reports, or SARs, regarding Epstein’s financial activities. The names of about 50 employees who the bank said filed SARs related to Epstein’s accounts from 2000 to 2019 are kept confidential 🔎💵🗂️.

Banks are obligated to file a SAR with federal authorities if they suspect a transaction might involve illegal funds or fraud. These reports are confidential as the transactions could be legitimate, but they can provide law enforcement with leads to follow 🚔💰📚.

A JPMorgan spokesperson stated that the bank had no knowledge of Epstein’s involvement in sex trafficking. The bank also disclosed that they asked federal prosecutors in Florida in 2011 if they were investigating Epstein. The bank stated that the prosecutors did not disclose any ongoing investigation 🔍👩‍⚖️🗃️.

Separately, The New York Times has examined a set of emails and partial calendar entries that show the bank’s top executives were familiar with Epstein.

Epstein sent an email in October 2011 to Mary C. Erdoes, the current head of the bank’s asset and wealth management division. He wrote, “Still waiting for your call.” Erdoes responded, “Seriously. It is 1 a.m. your time. I would say get a life … but you are at the Ritz and we aren’t.” She added that she had just arrived in California and would speak to Epstein the next day 📩🕐🌌.

These emails, and calendar entries for Epstein while he was at his Manhattan mansion, were obtained through a public records request to the attorney general for the U.S. Virgin Islands. JPMorgan’s spokesperson stated that contact between affluent clients and bank executives is not unusual 🏰🗂️💬.

The emails provided to The Times by the Virgin Islands also include exchanges between Epstein and James E. Staley, the JPMorgan executive with the closest ties to him. Some were personal in nature. In one conversation from 2015, Staley asked Epstein if he would meet with his daughter to discuss her post-college plans. In a 2011 email exchange, they discussed arranging a dinner with Epstein and Staley’s family 🍽️👪📨.

Other emails between Epstein, Erdoes, and Staley were about potential business deals. A series of emails focused on Epstein’s attempt to create a charitable partnership between the bank, the Bill & Melinda Gates Foundation, and others. He also inquired about meeting with Dimon to discuss the plan 🤝💰📧.

The bank’s spokesperson stated that Epstein never met with Dimon. Epstein’s proposed charity fund with the Gates Foundation and JPMorgan never got past the discussion stage in 2011 when Gates first met Epstein 🗣️🚫💡.

JPMorgan severed ties with Epstein in 2013, though that was years after some members of the bank’s compliance department raised alarms about doing business with him. They dropped him only after Staley left for another job 🏃‍♂️💼🚫.

Staley and Erdoes, The Times reported previously, were in favor of keeping Epstein as a client after his 2008 guilty plea, partly because he helped bring wealthy clients to JPMorgan’s private-banking division 🤝💰✅.

The relationship between Epstein and Staley, also known as Jes, is a significant question in the lawsuit. Lawyers for the Virgin Islands claim that the two men exchanged emails about young women that were somewhat sexual, and Epstein occasionally sent Staley “photos of young women in suggestive poses” 💻👩‍🦰💌.

The Virgin Islands argue that the bank should have been aware of the emails. Staley left JPMorgan in 2013 and became the chief executive of Barclays in 2015. He resigned from that position in 2021 due to the backlash from an investigation by British regulators about how he described his relationship with Epstein 👨‍⚖️🔍🔄.

JPMorgan claimed that it was unaware of any inappropriate conduct involving Staley. But the bank named him as a defendant in a third-party lawsuit so that if they discover that Staley did something wrong, he can be held accountable for any damages they must pay. This week, a federal judge rejected Staley’s attempt to be dismissed from the lawsuit 📜⚖️🚫.

Staley and his lawyers did not respond to requests for comment, but in court documents, he denied any wrongdoing and claimed he was unaware of any sex trafficking operation 📝💼🤐.

Lawyers for Epstein’s victims scored a significant victory in a similar case last week, when Deutsche Bank, which succeeded JPMorgan as Epstein’s primary banker, agreed to pay $75 million to settle a proposed class-action lawsuit filed in federal court last year. The German bank previously paid a $150 million penalty to New York regulators 🏦💵💰.

The proposed settlement with Deutsche Bank could potentially set a precedent for any deal with JPMorgan. JPMorgan managed 40 accounts for Epstein and handled most of his wire transfers, which included payments to women believed to be victims, according to sources familiar with the situation 💸💳📈.

“JPM was his true partner,” said Bradley Edwards, who, along with David Boies, is part of the legal team representing Epstein’s victims in the lawsuit. “There is no real comparison between the two cases.” 🤝👥⚖️.

To date, Epstein’s estate — once valued at $600 million — has paid out over $150 million in settlements to more than 125 victims. Those victims could be eligible to receive some of the money from the proposed deal with Deutsche Bank 🏦💵🔄.

The Virgin Islands lawsuit against JPMorgan was based on information the territory had gathered during litigation with Epstein’s estate. The Virgin Islands had sued to recover tens of millions in tax benefits it had given to Epstein’s businesses based in St. Thomas, reaching a $105 million settlement in November 🏝️💼💸.

The Virgin Islands’ own dealings with Epstein have caused some controversy over the years. It not only offered generous tax breaks to his businesses, but in 2012, the government eased travel restrictions for Epstein following a request from his lawyers, according to documents obtained by The Times through a public records request 📑🛩️📥.

Due to his status as a sex offender, Epstein was required to inform authorities about any travel plans, but the advance notice period was reduced to one day from about three weeks by the Virgin Islands’ attorney general at the time, the documents show 📝✈️⏰.

JPMorgan has used some of these criticisms of the Virgin Islands government to argue that the territory is in no position to sue for damages. The bank, in a court filing on Tuesday, stated that officials in the U.S. territory had a long history of fraternizing with Epstein and turned a blind eye when he traveled through U.S.V.I. airports accompanied by girls and young women 🏛️👭👀.

The bank also noted that Epstein frequently made campaign donations to local politicians, and it has sought information about Cecile de Jongh, the wife of a former governor of the Virgin Islands, who was a long-time office manager for Epstein’s companies. It is also set to depose Albert Bryan Jr., the current governor, who was the chairman of the agency that gave Epstein’s businesses substantial tax breaks 📊📝👩‍💼.