The relationship between investment bank JPMorgan Chase and deceased child sex predator Jeffrey Epstein was deeper than the firm has previously admitted, according to a Friday report from The Wall Street Journal.
Recent lawsuits filed against JPMorgan Chase assert that Epstein, who ran a hedge fund before his apparent suicide in 2019, benefited from special treatment at the investment bank because he attracted a number of wealthy clients. Even as attorneys insist that the firm is not liable for the crimes committed by Epstein, the firm continued to conduct business with him for five years after his 2008 state-level conviction for procuring prostitution from a minor.
Mary Erdoes, a senior lieutenant to veteran JPMorgan Chase CEO Jamie Dimon, made two visits to Epstein’s townhouse in the Upper East Side of Manhattan in 2011 and 2013, unnamed people familiar with the matter told The Wall Street Journal. Erdoes communicated with Epstein via email about a charitable fund JPMorgan Chase was seeking to launch.
John Duffy, who formerly led JPMorgan Chase’s private bank, reportedly visited the townhouse in 2013 for a meeting; despite multiple warnings from compliance officers, the company renewed an authorization one month later permitting Epstein to borrow funds against his account. Justin Nelson, a banker who worked with Epstein at JPMorgan Chase, traveled to a New Mexico ranch owned by the pedophile in 2016 and participated in a handful of meetings at the Manhattan townhouse between 2014 and 2017.
The report from The Wall Street Journal comes one month before Dimon, who has served as the bank’s chief executive since 2005, is scheduled to be deposed behind closed doors. Attorneys recently uncovered communications from employees who mentioned a “Dimon review” into the company’s relationship with Epstein, according to a report from the Financial Times likewise based upon unnamed sources. JPMorgan Chase faces legal actions from the government of the U.S. Virgin Islands and an unnamed Epstein victim contending that the firm benefited financially from the deceased hedge fund manager’s crimes.
JPMorgan Chase has denied that Dimon, widely regarded as one of the financial sector’s most powerful executives, had knowledge of a review into the firm’s associations with Epstein. Another source told the Financial Times that there exists no record of direct communications between the two individuals.
U.S. District Judge Jed Rakoff tossed most charges against JPMorgan Chase and Deutsche Bank last month in the proposed class action lawsuits from the Epstein accuser and the U.S. Virgin Islands officials. Deutsche Bank received most of the Epstein hedge fund’s business after his partnership with JPMorgan Chase concluded in 2013.
“Epstein’s sex trafficking operation was impossible without the assistance of JPMorgan Chase, and later Deutsche Bank, and we assure the public that we will leave no stone unturned in our quest for justice for the many victims who deserved better from one of America’s largest financial institutions,” lawyers for the U.S. Virgin Islands and the Epstein victim, identified only as Jane Doe, asserted in a statement.
Just reading this headline put these words in my head:
MONEY IS DEATH!!
I know we need a means of exchange for basic necessities and advancements, but the mammon thing has gotten more extreme than ever. More and more are defined by what they have instead who they are. It’s all about holdings, and those who hold the most make life miserable for the many. Old news, but today it is so much easier to see. It struts in velvet and gold, and ever travels in luxury, with each believing he can never have enough. The British Non-King is the KING OF HOLDINGS, that is to say, THE KING OF THEFT. Hey Charlie, you can’t heal in-security with ever acquiring more, and more, and more, and MORE!!
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The Central Banks of the World have buying record amounts of physical gold since about 2020 or before. The Market sucks and it sells you paper gold. They sell paper.. though they don’t have to actually deliver the physical gold. Shorting the markets around the world has cost ordinary Nationals trillions of dollars! Precious metals CONTROLLED & TAKEN BY THE MARKET AND BANKS!! Again its called shorting! You cant make a dime hardly. Physical silver is great to own if you know were to buy and sell safely
Oh yeah, and it’s gonna catch up with them. The Great Army Of The Pissed Off don’t like losin’ and don’t intend to. They know the realest gold is The Bill of Rights, where we all get back what’s ours.
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British family ties to Epstein mentioned in this British man’s call for the end of the monarchy. Aside from his use of the word “democracy,” it looks like he is on the right track. https://m.youtube.com/watch?v=2W2eyFQC-K4