JPMorgan was worried about the bank’s relationship with sex-trafficker Jeffrey Epstein as early as 2006, internal emails show.
One new email even indicated that JPMorgan continued doing business with Epstein “due to Jes’s personal relationship” with him.
This email referred to a January 2011 call between Catherine Keating, the CEO of JPMorgan’s private bank, and then Global Head of Compliance William Langford, who agreed to “explain to Jes Staley how the existence of the Epstein relationship could undermine the Human Trafficking Project currently underway within AML investigations.”
“I think Catherine believes that after the briefing on HT that Jes would need to point blank ask Jeffrey the status of any criminal investigations,” Ryan added. “Catherine made sure we knew that no one on today’s call was in favor of having retained him as a client.” Ryan wrote that “one new concerning thing” was an article about a possible DOJ investigation into MC2, the modeling agency of Epstein’s friend,“Turns out the banker said today we extended Epstein a loan in relation to this modeling agency,” Ryan wrote. “It appears to be a legit modeling agency. If girls were exploited via their contract or arrangement it would be hard for us to tell.”
The new emails show that JPMorgan executives shared concerns about Epstein as early as 2006 but failed to cut him as a client.
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