JPMorgan Chase Had Deeper Ties To Jeffrey Epstein Than Previously Acknowledged: Report | Eastern North Carolina Now

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.

ENCNow
    Publisher's Note: This post appears here courtesy of the The Daily Wire. The author of this post is Ben Zeisloft.

    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.

    Managers of the Epstein estate agreed to settle a lawsuit with the U.S. Virgin Islands last year related to the territory's laws against fraud, sex trafficking, and child exploitation. The estate agreed to pay $105 million and half of the proceeds earned from selling the island of Little St. James, which acquired nicknames such as "Pedophile Island" after the demise of Epstein.
Go Back


Leave a Guest Comment

Your Name or Alias
Your Email Address ( your email address will not be published)
Enter Your Comment ( no code or urls allowed, text only please )




House moving bills that critics say will increase health insurance costs Daily Wire, Guest Editorial, Editorials, Business, Op-Ed & Politics Supreme Court Releases Decision On Abortion Pill Mifepristone


HbAD0

Latest Op-Ed & Politics

Standards for DACA, championed by President Joe Biden, were set so low
If you want to show how NOT to build a school there is no better example than this new Eastern Elementary School being planned in secret.
A rule that compels speech and engages in such viewpoint discrimination is impermissible
Tucker Carlson, Fox News Channel’s biggest prime time star, has left the cable news giant.
Florida Governor Ron DeSantis made his first trip overseas since 2019 this week, meeting with Japanese Prime Minister Fumio Kishida in Tokyo on Monday to discuss economic matters as the 44-year-old gears up for a likely presidential campaign.

HbAD1

Judge has ruled that her case can proceed on charges of civil conspiracy and fraud
now Democrat candidate in Texas and faked hate creime against GOP opponent
President Joe Biden delivered remarks on Tuesday at gun control advocacy group Everytown’s annual conference, Gun Sense University — and as is often the case when Biden speaks about guns, critics were quick to point out a series of factual errors.
illegal alien "asylum seeker" migrants are a crime wave on both sides of the Atlantic
12% spike in heart-related deaths from eating plant-based fake meat

HbAD2

 
Back to Top