1 00:00:00,040 --> 00:00:02,839 Speaker 1: What's up everyone, and welcome to another episode of the 2 00:00:02,839 --> 00:00:06,960 Epstein Chronicles. In this episode, we're going to pick up 3 00:00:07,000 --> 00:00:11,320 with the lawsuit filed by the Epstein survivors against JP Morgan. 4 00:00:12,519 --> 00:00:15,599 Jane do One wanted to escape from the Epstein trafficking venture, 5 00:00:15,800 --> 00:00:19,239 yet Epstein, in his supporting team of co conspirators, increased 6 00:00:19,280 --> 00:00:22,920 the tactics of fraud, force, or coercion to cause her 7 00:00:22,960 --> 00:00:27,800 to remain compliant in fulfilling Epstein's sexual demands. Jeffrey Epstein 8 00:00:27,879 --> 00:00:33,359 controlled Jane do One financially, emotionally, and psychologically. He used 9 00:00:33,359 --> 00:00:36,479 his knowledge of Jane do One's aspirations, fears, and problems 10 00:00:36,600 --> 00:00:39,920 to manipulate her until she was completely controlled by and 11 00:00:39,960 --> 00:00:42,679 dependent upon him. When Epstein went to jail for sex 12 00:00:42,719 --> 00:00:46,079 offenses in Florida, he maintained contact with Jane do One. 13 00:00:46,479 --> 00:00:49,079 He and his employees of his business entities which were 14 00:00:49,119 --> 00:00:53,600 created to support and legitimize Epstein's sexual abuse and sex 15 00:00:53,600 --> 00:00:59,799 trafficking enterprise, including hbrk Nes Financial Trust and Florida Science Foundation, 16 00:01:00,679 --> 00:01:04,000 caused Jane doe One to be transported to Florida in 17 00:01:04,120 --> 00:01:06,879 order to engage in commercial sex with Epstein in his 18 00:01:06,959 --> 00:01:10,079 Florida residence while on so called work release from jail. 19 00:01:10,680 --> 00:01:13,560 While he was still wearing his ankle monitor. There came 20 00:01:13,599 --> 00:01:15,920 a time when Epstein forced Jane do One to give 21 00:01:15,920 --> 00:01:19,400 massages to his powerful friends. During some of these massages, 22 00:01:19,519 --> 00:01:22,560 she was sexually abused by force and against her will 23 00:01:22,879 --> 00:01:26,159 by Epstein's friends whom she had been required to massage. 24 00:01:26,519 --> 00:01:29,280 At least one of Epstein's friends used aggressive force in 25 00:01:29,359 --> 00:01:32,359 his sexual assault of her and informed do One that 26 00:01:32,439 --> 00:01:35,200 he had Epstein's permission to do what he wanted to her. 27 00:01:35,719 --> 00:01:38,000 At a fear of Jane, do One has still not 28 00:01:38,079 --> 00:01:42,359 named this powerful financial executive publicly. Epstein and his co 29 00:01:42,359 --> 00:01:45,799 conspirators withdrew large sums of cash from JP Morgan to 30 00:01:45,840 --> 00:01:49,159 make cash payments to victims, including j do One, in 31 00:01:49,239 --> 00:01:53,280 furtherance of the sex trafficking enterprise. JP Morgan knew that 32 00:01:53,319 --> 00:01:56,040 its accounts were being used for this trafficking based on 33 00:01:56,079 --> 00:01:58,760 a number of factors, including, but not limited to, the 34 00:01:58,799 --> 00:02:03,040 identity of the inn individuals making the withdrawals and wire transfers, 35 00:02:03,439 --> 00:02:07,079 the identity of the recipients, the account opening activity, the 36 00:02:07,120 --> 00:02:11,199 pattern of financial activity, and Epstein's well documented criminal history 37 00:02:11,360 --> 00:02:15,759 and involvement in trafficking. Over the ensuing years, Epstein threatened 38 00:02:15,840 --> 00:02:18,800 Jane doe One in many ways, including threatening her that 39 00:02:18,879 --> 00:02:21,159 if she did not abide by his demands, she would 40 00:02:21,159 --> 00:02:24,520 lose contact with people that she cared about. Epstein would 41 00:02:24,560 --> 00:02:27,759 alternate promises and threats to secure Jane do One's compliance 42 00:02:27,919 --> 00:02:31,400 with his demands, including demands that she engaged in commercial 43 00:02:31,400 --> 00:02:35,039 sex acts with him and others. In some instances, Epstein 44 00:02:35,080 --> 00:02:38,199 would pay Jane do One directly in cash obtained from 45 00:02:38,280 --> 00:02:41,599 JP Morgan for the sex acts. Epstein and his co 46 00:02:41,599 --> 00:02:45,000 conspirators continued to course Jane do One in various ways 47 00:02:45,240 --> 00:02:48,479 until her ultimate escape around the end of twenty thirteen 48 00:02:49,360 --> 00:02:54,479 JP Morgan. JP Morgan's participation in the venture in her 49 00:02:54,520 --> 00:02:57,599 About nineteen ninety eight, in furtherance of his rapidly growing 50 00:02:57,639 --> 00:03:01,599 sexual abuse and sex trafficking operation, Jeffrey Epstein realized that 51 00:03:01,680 --> 00:03:05,080 he needed a reliable banking institution that would provide the 52 00:03:05,159 --> 00:03:09,639 necessary legitimate appearance for his operation. Allow him to open 53 00:03:09,680 --> 00:03:14,439 many accounts for illegitimate companies, ignore red flags, ignore federal 54 00:03:14,479 --> 00:03:18,520 banking laws, allow him to transfer money without questioning, allow 55 00:03:18,599 --> 00:03:22,199 him access to abundant cash, and to otherwise facilitate the 56 00:03:22,199 --> 00:03:27,000 commercial aspect of his commercial sex trafficking enterprise. Epstein found 57 00:03:27,080 --> 00:03:31,159 all of those things in JP Morgan. From about two 58 00:03:31,199 --> 00:03:36,400 thousand to twenty thirteen. JP Morgan knowingly and intentionally participated 59 00:03:36,639 --> 00:03:40,639 in the Epstein sex trafficking venture by, among other things, 60 00:03:40,719 --> 00:03:44,719 providing the essential financial underpinnings for the venture. There can 61 00:03:44,759 --> 00:03:47,479 be no doubt that JP Morgan's conduct, as described below 62 00:03:47,719 --> 00:03:52,039 with outrageous and intentional. Around two thousand, Epstein developed a 63 00:03:52,120 --> 00:03:56,240 key relationship to expanding exploitative sexual abuse and his sex 64 00:03:56,280 --> 00:03:59,879 trafficking operation when he began working with James Jess Staley, 65 00:04:00,560 --> 00:04:03,120 the then head a J. P. Morgan's private banking division. 66 00:04:03,599 --> 00:04:06,960 Before meeting Staley, Epstein was a serial sexual abuser of 67 00:04:07,000 --> 00:04:10,319 young girls and women, with an insatiable desire to sexually 68 00:04:10,319 --> 00:04:13,919 abuse females that were, in his words, the younger the better. 69 00:04:15,400 --> 00:04:19,000 Before Staley, Epstein relied heavily on the massive wealth bestowed 70 00:04:19,079 --> 00:04:23,439 upon him by one individual, Leslie Herbert Wexner, to give 71 00:04:23,519 --> 00:04:26,160 him the appearance of grand importance, while relying on his 72 00:04:26,240 --> 00:04:29,920 madam co conspiratory mean Glam Maxwell to find in groom 73 00:04:29,959 --> 00:04:33,439 young women to be abused by Epstein. However, Epstein could 74 00:04:33,480 --> 00:04:36,319 not expand his operation to the level it ultimately reached 75 00:04:36,480 --> 00:04:40,079 without a complicit financial banking institution that would ignore red 76 00:04:40,120 --> 00:04:42,879 flags to the point of allowing him to pay hundreds 77 00:04:42,920 --> 00:04:45,959 of young females in wire transfers and allow him to 78 00:04:46,000 --> 00:04:49,000 access to hundreds of thousands of dollars in cash to 79 00:04:49,040 --> 00:04:52,519 pay hush money to his growing number of victims. Staley 80 00:04:52,639 --> 00:04:55,120 was the key to making all of Epstein's deprave dreams 81 00:04:55,160 --> 00:04:59,279 of sexual abuse and sex trafficking countless young women possible. 82 00:04:59,680 --> 00:05:02,120 With his help, the number of victims of the Epstein 83 00:05:02,199 --> 00:05:05,920 sex trafficking operation began to grow on a vertical trajectory, 84 00:05:06,199 --> 00:05:09,720 beginning in two thousand. When Epstein and Staley first teamed 85 00:05:09,800 --> 00:05:12,439 up in Are about two thousand, Staley was the head 86 00:05:12,480 --> 00:05:15,920 of JP Morgan's private banking division and was later promoted 87 00:05:16,000 --> 00:05:21,000 to CEO of JP Morgan Asset Management. The relationship between 88 00:05:21,000 --> 00:05:24,519 Epstein and Staley was symbiotic. Epstein agreed to bring many 89 00:05:24,600 --> 00:05:28,439 high ultra wealth clients to JP Morgan, and in exchange, 90 00:05:28,600 --> 00:05:31,879 Staley would use his cloud within JP Morgan to make 91 00:05:31,920 --> 00:05:35,759 Epstein untouchable. This meant that JP Morgan would keep Epstein 92 00:05:35,800 --> 00:05:38,480 on as a client at all costs, including felling to 93 00:05:38,519 --> 00:05:41,319 act on any red flags and ultimately allowing him the 94 00:05:41,319 --> 00:05:44,920 ability to run and grow. What to the Bank was 95 00:05:44,959 --> 00:05:49,360 obviously an operation designed to sexually abuse and traffic countless 96 00:05:49,399 --> 00:05:52,560 young women. There were several key figures who created Epstein's 97 00:05:52,560 --> 00:05:57,319 international sex trafficking operation, most notably Glayne Maxwell, Les Wexner, 98 00:05:57,560 --> 00:06:01,680 and Jess Staley. Through JP Morgan. In later years, Deutsche 99 00:06:01,680 --> 00:06:04,439 Bank picked up where JP Morgan left off and provided 100 00:06:04,680 --> 00:06:10,240 the necessary complicit financial institution for the operation. Without Maxwell, 101 00:06:10,279 --> 00:06:12,720 Epstein would never have been able to recruit his first 102 00:06:12,800 --> 00:06:15,959 victims and been able to bring them into his abuse 103 00:06:16,000 --> 00:06:19,800 of layer. She approached young, vulnerable victims and spread the 104 00:06:19,800 --> 00:06:23,680 word that Epstein was this altruistic messiah who could help them. 105 00:06:24,279 --> 00:06:26,639 Once they were in Epstein's clutches, she groomed them to 106 00:06:26,680 --> 00:06:31,480 make them feel comfortable being sexually exploited and abused. Without Wexner, 107 00:06:31,519 --> 00:06:35,560 Epstein's sex trafficking operation and sexual abuse of women could 108 00:06:35,560 --> 00:06:37,879 never have occurred to the extent that it did, as 109 00:06:37,920 --> 00:06:41,399 Epstein needed the appearance of extraordinary wealth to attract his 110 00:06:41,480 --> 00:06:45,079 victims and force them to stay silent. However, even with 111 00:06:45,199 --> 00:06:49,360 Wexner's funding of Epstein's operation, Epstein's sexual abuse of hundreds 112 00:06:49,360 --> 00:06:52,279 of women would have been limited because the money trail 113 00:06:52,319 --> 00:06:55,480 from Epstein's accounts to the many victims and recruiters would 114 00:06:55,480 --> 00:06:59,879 have exposed the operation quickly. Therefore, the final essential ingredient 115 00:07:00,079 --> 00:07:02,879 Epstein needed to expand the sexual abuse of young women 116 00:07:03,279 --> 00:07:07,199 and sex trafficking enterprise was a financial institution that would 117 00:07:07,199 --> 00:07:10,600 not care that Epstein was sexually abusing women on a 118 00:07:10,639 --> 00:07:14,199 daily basis and paying out millions in hush money. JP 119 00:07:14,360 --> 00:07:18,160 Morgan provided the financial component Epstein needed, and Staley made 120 00:07:18,160 --> 00:07:21,759 sure Epstein is a legal sexual abuse organization was absolutely 121 00:07:21,800 --> 00:07:25,279 protected by the bank. From the beginning of the Epstein 122 00:07:25,319 --> 00:07:29,319 Stalely relationship, Staley understood that Epstein's money was only part 123 00:07:29,600 --> 00:07:33,839 of the incentive to protect Epstein's operation as long as 124 00:07:33,879 --> 00:07:37,040 Epstein's money stayed at the bank. Staley also knew that Wexner, 125 00:07:37,199 --> 00:07:40,160 Epstein's client, who had turned over a power of attorney 126 00:07:40,199 --> 00:07:43,160 to Epstein, would likewise keep his money with JP Morgan. 127 00:07:43,800 --> 00:07:47,319 Wexner's money was said to amount over a billion dollars. 128 00:07:47,879 --> 00:07:50,600 It did not stop there. Epstein made it clear that 129 00:07:50,639 --> 00:07:54,279 he collected people and was close with many ultra wealthy 130 00:07:54,279 --> 00:07:57,720 individuals that he could bring into the bank. These new 131 00:07:57,759 --> 00:08:01,680 customers made JP Morgan even more profitable. Along the way, 132 00:08:02,040 --> 00:08:05,279 Epstein gave credit for these new bank customers to Staley, 133 00:08:05,439 --> 00:08:10,519 which made Staley enormously wealthy. Epstein controlled Staley like he 134 00:08:10,560 --> 00:08:14,160 did his many victims, by flaunting his power and connections 135 00:08:14,279 --> 00:08:17,959 and extreme wealth. Epstein made it clear to Staley that 136 00:08:18,000 --> 00:08:21,959 if JP Morgan ever decided to terminate its relationship with Epstein, 137 00:08:22,439 --> 00:08:25,759 the bank would lose Wexner and other wealthy connections Epstein 138 00:08:25,800 --> 00:08:30,079 had promised JP Morgan. Staley was enamored with Epstein and 139 00:08:30,160 --> 00:08:32,679 driven by greed, which made Epstein one of the most 140 00:08:32,720 --> 00:08:36,919 coveted clients of JP Morgan. Through the years, Staley helped 141 00:08:36,919 --> 00:08:41,720 accumulate other protectors of Epstein with JP Morgan, such as 142 00:08:41,799 --> 00:08:44,919 Mary Erdos, who were also willing to turn a blind 143 00:08:44,919 --> 00:08:50,080 eye to Epstein's blatantly illegal operation. With JP Morgan's complicity, 144 00:08:50,279 --> 00:08:53,519 Epstein was free to sexually abuse hundreds of women, paying 145 00:08:53,559 --> 00:08:56,320 millions in hush money without the fear of detection by 146 00:08:56,399 --> 00:09:00,559 law enforcement. Epstein used the support from a reputable institution, 147 00:09:00,720 --> 00:09:04,679 JP Morgan to helped cover up his criminal activity. JP 148 00:09:04,799 --> 00:09:08,679 Morgan cared about one thing profit and showed absolute loyalty 149 00:09:08,679 --> 00:09:12,039 to Epstein, including a willingness to violate banking laws and 150 00:09:12,159 --> 00:09:16,000 ignore multiple red flags of criminality to enable Epstein to 151 00:09:16,039 --> 00:09:20,080 fulfill his abusive sexual appetite at the expense of countless 152 00:09:20,200 --> 00:09:24,440 vulnerable young women. As Epstein's criminal sex trafficking venture expanded 153 00:09:24,559 --> 00:09:27,320 and he needed more protection and support from JP Morgan, 154 00:09:27,559 --> 00:09:31,879 Epstein continued to grow closer to Staley as another example 155 00:09:31,879 --> 00:09:35,759 a JP Morgan in Staley benefit from assisting Epstein. Another 156 00:09:35,840 --> 00:09:39,000 highly profitable deal for JP Morgan was the Hybridge deal 157 00:09:39,679 --> 00:09:41,799 in two thousand and four, at the height of epstein 158 00:09:41,879 --> 00:09:45,320 sex trafficking and abuse operation, when he was transferring massive 159 00:09:45,320 --> 00:09:48,480 amounts of hush money to his victims and recruiters and 160 00:09:48,519 --> 00:09:51,960 withdrawing hundreds of thousands of dollars in cash so that 161 00:09:52,000 --> 00:09:54,639 all the payments were not traceable, the most obvious red 162 00:09:54,639 --> 00:09:58,480 flag for any criminal enterprise, Epstein served up another big 163 00:09:58,519 --> 00:10:02,279 financial pay day to JP Morgan. Epstein was close friends 164 00:10:02,320 --> 00:10:06,039 with Glenn Dubin, the billionaire who ran high Bridge Capital Management, 165 00:10:06,200 --> 00:10:10,080 whom he introduced to Staley through Epstein's connection. It has 166 00:10:10,120 --> 00:10:13,000 been reported that Staley arranged for JP Morgan to buy 167 00:10:13,000 --> 00:10:16,279 a majority stake in Dubin's fund, which resulted in a 168 00:10:16,399 --> 00:10:20,799 sizeable profit for JP Morgan. This arrangement was profitable for 169 00:10:20,840 --> 00:10:25,039 both Staley and JP Morgan, further incentivising JP Morgan to 170 00:10:25,120 --> 00:10:30,080 ignore the suspicious activity in Epstein's accounts. In addition to Epstein, 171 00:10:30,159 --> 00:10:33,519 JP Morgan also housed accounts for Epstein's main sex trafficking 172 00:10:33,519 --> 00:10:36,600 Madam Glenn Maxwell, who was now serving twenty years in 173 00:10:36,600 --> 00:10:41,799 prison for sex trafficking related to her participation in Epstein's operation. 174 00:10:43,519 --> 00:10:48,399 In twenty twenty two, JP Morgan representative Patrick McHugh testified 175 00:10:48,440 --> 00:10:51,919 in Maxwell's criminal sex trafficking trial that between nineteen ninety 176 00:10:52,000 --> 00:10:55,840 nine and two thousand, Epstein transferred approximately thirty one million 177 00:10:55,879 --> 00:10:58,720 dollars to Maxwell, an amount believed to be payment for 178 00:10:58,799 --> 00:11:02,960 her role in epstein sex trafficking venture. All right, folks, 179 00:11:03,000 --> 00:11:04,600 we're going to wrap up right here and in the 180 00:11:04,639 --> 00:11:07,200 next episode dealing with the topic, we're gonna pick up 181 00:11:07,320 --> 00:11:10,080 where we left off. All of the information that goes 182 00:11:10,120 --> 00:11:13,559 with this episode can be found in the description box. 183 00:11:13,759 --> 00:11:16,679 What's up, everyone, and welcome to another episode of the 184 00:11:16,720 --> 00:11:20,159 Epstein chronicles in this episode, We're getting right back to 185 00:11:20,600 --> 00:11:27,679 the survivor's lawsuit filed against JP Morgan. Between two thousand 186 00:11:27,799 --> 00:11:31,279 and two thousand and five, Epstein provided clients to JP Morgan, 187 00:11:31,519 --> 00:11:34,559 and in exchange, JP Morgan allowed Epstein to do as 188 00:11:34,600 --> 00:11:38,720 he pleased with his JP Morgan accounts. JP Morgan allowed 189 00:11:38,720 --> 00:11:42,600 Epstein to engage in structuring violations and other financial maneuvers 190 00:11:43,039 --> 00:11:47,559 required to maintain a criminal enterprise. The relationship continued without 191 00:11:47,639 --> 00:11:52,039 much of a question from outsiders. JP Morgan financially benefited 192 00:11:52,159 --> 00:11:55,399 from allowing Epstein to use his JP Morgan accounts to 193 00:11:55,480 --> 00:11:58,720 run his sex trafficking venture. However, in two thousand and six, 194 00:11:58,840 --> 00:12:02,639 Epstein's relationship with JP Morgan hit a snag when Epstein 195 00:12:02,759 --> 00:12:06,399 was publicly exposed for sexually abusing dozens of young girls 196 00:12:06,600 --> 00:12:09,799 and women, several as young as fourteen years old. There 197 00:12:09,840 --> 00:12:12,879 were hundreds of pages of police reports and news articles 198 00:12:13,120 --> 00:12:16,720 revealing that Epstein was a serial sexual abuser and trafficker, 199 00:12:17,159 --> 00:12:20,759 and that his operation depended on his accessing nearly unlimited 200 00:12:20,799 --> 00:12:24,759 cash to use his payments to his victims. With respect 201 00:12:24,840 --> 00:12:27,879 to those specific discoveries, the U. S. Attorney's Office for 202 00:12:27,919 --> 00:12:30,240 the Southern District of Florida found that some of the 203 00:12:30,320 --> 00:12:33,559 victims went to mister Epstein's house only once, some went 204 00:12:33,600 --> 00:12:37,279 there as much as one hundred times or more. It 205 00:12:37,360 --> 00:12:40,919 was publicly revealed in the investigation that Epstein was sexually 206 00:12:40,960 --> 00:12:43,960 abusing three to four young females every single day of 207 00:12:43,960 --> 00:12:46,639 his life, and that he was paying each victim hundreds 208 00:12:46,639 --> 00:12:51,120 of dollars in hush money, usually cash. The criminal investigation 209 00:12:51,399 --> 00:12:54,960 also revealed that Epstein was paying countless recruiters to constantly 210 00:12:54,960 --> 00:12:57,840 bring him more victims, making clear that quick access to 211 00:12:57,919 --> 00:13:01,440 cash at a financial institution was a lifeblood for his 212 00:13:01,519 --> 00:13:05,720 sex trafficking venture. The money trail into Epstein's accounts was 213 00:13:05,720 --> 00:13:08,639 a dead giveaway that Epstein was engaging in crimes, and 214 00:13:08,679 --> 00:13:11,559 the recipients of his money exposed the type of crimes 215 00:13:12,320 --> 00:13:15,960 to the extent that JP Morgan could feign plausible deniability 216 00:13:16,000 --> 00:13:19,120 before Epstein's arrest in two thousand and six. Thereafter, its 217 00:13:19,120 --> 00:13:22,840 ability to play dumb was eviscerated when Epstein registered as 218 00:13:22,840 --> 00:13:25,600 a sex offender and the details of his daily sexual 219 00:13:25,600 --> 00:13:29,039 abuse of young females came to public light. Because Epstein 220 00:13:29,159 --> 00:13:32,039 was so publicly exposed as a sex trafficker and abuser, 221 00:13:32,279 --> 00:13:35,960 one of his primary financial engines, Les Wesner, abandoned him 222 00:13:36,320 --> 00:13:39,480 and separated himself from Epstein. In two thousand and eight, 223 00:13:39,600 --> 00:13:41,799 around the same time that Epstein was pleading guilty to 224 00:13:41,879 --> 00:13:45,639 felony sex offenses and registering as a lifetime offender, it 225 00:13:45,720 --> 00:13:49,080 was discovered that another of JP Morgan's high value clients, 226 00:13:49,120 --> 00:13:52,200 Bernie Madoff, was running the largest Ponzi scheme in modern 227 00:13:52,240 --> 00:13:56,360 history through his accounts at JP Morgan, causing JP Morgan 228 00:13:56,600 --> 00:13:59,799 to review its clientele with a directive of severing ties 229 00:13:59,799 --> 00:14:04,399 with any problematic customers. With this indisputable knowledge that Epstein 230 00:14:04,519 --> 00:14:06,960 was a sexual offender who was using his wealth for 231 00:14:07,000 --> 00:14:10,320 only one purpose to run a sexual abuse in trafficking operation, 232 00:14:10,879 --> 00:14:13,559 any responsible bank would have cut ties, if only to 233 00:14:13,600 --> 00:14:17,399 attempt to maintain the not so plausible deniability that it 234 00:14:17,440 --> 00:14:21,840 had not known of Epstein's legal sexual abuse operation earlier. However, 235 00:14:22,039 --> 00:14:24,919 rather than cut its ties with Epstein, it's been reported 236 00:14:24,919 --> 00:14:28,679 that Staley, acting on behalf of JP Morgan, personally visited 237 00:14:28,720 --> 00:14:31,360 Epstein when he was serving as jail sentence in Florida. 238 00:14:31,960 --> 00:14:34,240 No matter of the cost. The bank made clear that 239 00:14:34,240 --> 00:14:38,159 Epstein could continue to fund his sexual abuse operation through 240 00:14:38,240 --> 00:14:42,200 JP Morgan. When executives on the board at JP Morgan 241 00:14:42,399 --> 00:14:46,360 recommended cutting ties with Epstein, Staley made strong and successful 242 00:14:46,440 --> 00:14:50,399 arguments for JP Morgan keeping Epstein as a customer. In 243 00:14:50,440 --> 00:14:54,399 support of JP Morgan's CEO of private Banking, Mary Erdos, 244 00:14:54,600 --> 00:14:57,159 argued that Epstein was too valuable of a client to 245 00:14:57,240 --> 00:14:59,840 let go and played a pivotal role in maintaining g 246 00:15:00,000 --> 00:15:05,279 ap Morgan's relationship with Epstein. After Staley went to visit 247 00:15:05,279 --> 00:15:08,720 Epstein in Florida while Epstein was incarcerated on sex offenses, 248 00:15:09,000 --> 00:15:13,360 Epstein and Staley's relationship continued to grow. Ultimately, after Epstein's 249 00:15:13,360 --> 00:15:17,360 release from jail, Staley and Epstein spent significant time together 250 00:15:17,519 --> 00:15:21,519 at Epstein's townhouse in New York City. Staley also visited 251 00:15:21,559 --> 00:15:24,879 Epstein on his private island in the United States Virgin Islands, 252 00:15:25,000 --> 00:15:29,559 an island commonly dubbed pedophile Island. After his arrest in 253 00:15:29,559 --> 00:15:32,960 two thousand and eight, dozens of public lawsuits mounted against Epstein, 254 00:15:33,200 --> 00:15:36,559 revealing greater details of Epstein's sexual abuse of young women, 255 00:15:36,960 --> 00:15:40,480 each of which also detailed millions in payments that Epstein 256 00:15:40,600 --> 00:15:44,559 was making to recruiters co conspirators, cover guys such as 257 00:15:44,559 --> 00:15:47,639 his longtime fixer, a lawyer and fixer accountant, and to 258 00:15:47,720 --> 00:15:52,399 his victims. Through the civil lawsuits, evidence such as message 259 00:15:52,440 --> 00:15:55,559 pads taken from Epstein's trash by police or through prior 260 00:15:55,639 --> 00:15:59,200 search warrants, as well as flight logs, began to publicly surface, 261 00:15:59,480 --> 00:16:02,399 shedding free or other public light on the expansiveness of 262 00:16:02,440 --> 00:16:06,399 Epstein's sex trafficking operation. In addition to the inner workings 263 00:16:06,399 --> 00:16:10,080 of Epstein's sex trafficking scheme becoming public when he was 264 00:16:10,200 --> 00:16:13,360 arrested and served as jail time in Florida, other relevant 265 00:16:13,399 --> 00:16:18,000 information also became public and was widely published. Epstein had 266 00:16:18,039 --> 00:16:21,919 no college degree, had never obtained any specialized license, none 267 00:16:21,960 --> 00:16:25,200 of the companies with whom he was associated had any 268 00:16:25,320 --> 00:16:29,559 legitimate business structure or purpose, and he had no documented 269 00:16:29,600 --> 00:16:33,200 expertise that would provide the requisite skill or knowledge to 270 00:16:33,240 --> 00:16:37,559 a mass his vast wealth. Despite the false rumors he 271 00:16:37,600 --> 00:16:41,120 had created to conceal his business, Epstein was exposed as 272 00:16:41,159 --> 00:16:45,120 literally nothing more than a sex trafficking abuser of young females, 273 00:16:45,480 --> 00:16:49,720 a fact easily discernible by any responsible financial institution with 274 00:16:49,799 --> 00:16:54,559 whom he was banking for JP Morgan, a sophisticated financial 275 00:16:54,600 --> 00:16:58,960 institution legally responsible for complying with know your Customer laws 276 00:16:59,200 --> 00:17:03,279 and other banking obligations. The details of Epstein's sexual abuse 277 00:17:03,519 --> 00:17:08,039 and trafficking were not a surprise. Even so, JP Morgan 278 00:17:08,279 --> 00:17:11,559 never cooperated in any of the civil or criminal complaints 279 00:17:11,799 --> 00:17:15,359 against Epstein because to do so would reveal JP Morgan's 280 00:17:15,359 --> 00:17:19,960 complicity in Epstein's operation. Fearful that Epstein could turn on 281 00:17:20,000 --> 00:17:22,839 the bank for its woeful blindness, JP Morgan and s 282 00:17:22,920 --> 00:17:26,960 Daily remain incentivized to maintain and grow the relationship and 283 00:17:27,000 --> 00:17:31,400 to assist in concealing Epstein's illegal and questionable banking practices. 284 00:17:31,880 --> 00:17:34,039 When a subpoeno was served on JP Morgan in two 285 00:17:34,079 --> 00:17:37,359 thousand and nine by one of Jeffrey Epstein's sexual abuse victims, 286 00:17:37,720 --> 00:17:40,920 JP Morgan refused to comply with the subpoena, making it 287 00:17:40,960 --> 00:17:45,359 abundantly clear who side JP Morgan was on. After Epstein 288 00:17:45,440 --> 00:17:48,279 was released from his Florida incarceration, he picked up right 289 00:17:48,319 --> 00:17:51,599 where he left off, abusing young women on a daily basis, 290 00:17:51,759 --> 00:17:56,119 paying recruiters, and paying hush money to victims. JP Morgan 291 00:17:56,359 --> 00:17:59,640 also picked up right where it left off, protecting Epstein's 292 00:17:59,640 --> 00:18:03,440 operation and allowing it to flourish once again with the 293 00:18:03,559 --> 00:18:07,839 encouragement of Staley. JP Morgan knowingly and intentionally participated in 294 00:18:07,880 --> 00:18:11,720 the Epstein sex trafficking venture by, among other things, providing 295 00:18:11,720 --> 00:18:15,559 the financial underpinnings for Epstein to have ready and reliable 296 00:18:15,680 --> 00:18:19,960 access to resources, including cash, to recruit, lure, coarse, and 297 00:18:20,160 --> 00:18:23,799 entice young women and girls to cause them to engage 298 00:18:23,920 --> 00:18:29,079 in commercial sex acts and other degradations. JP Morgan assisted 299 00:18:29,319 --> 00:18:33,519 and participated in epstein sex trafficking venture by knowingly enabling 300 00:18:33,640 --> 00:18:37,759 him to make payments to victims, including directly or indirectly 301 00:18:37,839 --> 00:18:42,400 Jane do One and others similarly situated and obtain large 302 00:18:42,440 --> 00:18:45,359 sums of cash from his various accounts in violation of 303 00:18:45,400 --> 00:18:48,920 structuring laws in order to finance is well known cash 304 00:18:49,000 --> 00:18:54,400 driven sexual abuse and sex trafficking venture. JP Morgan participated 305 00:18:54,440 --> 00:18:58,400 in Epstein's violations of the Trafficking Victims Protection Act by 306 00:18:58,480 --> 00:19:02,920 knowingly and intentionally facilitating, assisting, and enabling Epstein's a legal 307 00:19:02,920 --> 00:19:07,359 sexual abuse and sex trafficking venture, including in particular his 308 00:19:07,480 --> 00:19:11,279 coercive sex trafficking in violation of US Code eighteen, Section 309 00:19:11,680 --> 00:19:16,400 fifteen ninety one A one. JP Morgan's conduct knowingly and 310 00:19:16,519 --> 00:19:21,920 intentionally violated the TVPA, which forbids benefiting financially by participating 311 00:19:21,920 --> 00:19:25,079 in a sex trafficking venture knowing or in reckless disregard 312 00:19:25,119 --> 00:19:28,839 of the fact that means a force, threats of force, fraud, coercion, 313 00:19:29,119 --> 00:19:33,160 abusive process, and combination of those means have been used 314 00:19:33,160 --> 00:19:36,359 to cause young women and girls to engage in commercial 315 00:19:36,400 --> 00:19:41,359 sex acts. Ultimately, JP Morgan financially benefited by earning millions 316 00:19:41,400 --> 00:19:45,519 of dollars for its participation in the Epstein sex trafficking venture. 317 00:19:46,319 --> 00:19:51,039 Throughout its relationship with Epstein, JP Morgan violated numerous regulations 318 00:19:51,079 --> 00:19:55,160 in order to continue its lucrative venture facilitating the Epstein's 319 00:19:55,160 --> 00:19:59,240 sexual abuse and sex trafficking scheme. It was later revealed 320 00:19:59,240 --> 00:20:02,200 that Staley and epps Stein exchanged more than twelve hundred 321 00:20:02,279 --> 00:20:04,960 emails between two thousand and eight and the end of 322 00:20:05,000 --> 00:20:08,599 Staley's tenure at JP Morgan, which speaks volumes to the 323 00:20:08,599 --> 00:20:13,160 close personal and business relationship that the two shared. Due 324 00:20:13,200 --> 00:20:16,920 to the extensive publicity about Epstein's legal sexual activity and 325 00:20:16,960 --> 00:20:19,960 the departure of Staley from JP Morgan, the bank finally 326 00:20:20,000 --> 00:20:24,480 severed ties with Epstein. In twenty thirteen, after losing Staley, 327 00:20:24,680 --> 00:20:28,160 Epstein no longer had his primary protector at JP Morgan. 328 00:20:28,799 --> 00:20:32,240 In order to continue to operate, Epstein would need to 329 00:20:32,240 --> 00:20:35,960 find a new bank. Fortunately for Epstein, former JP Morgan 330 00:20:35,960 --> 00:20:40,440 banker Paul Morris joined Deutsche Bank in twenty twelve. Soon 331 00:20:40,599 --> 00:20:44,559 after joining Deutsche Bank, Morris suggested the senior management that 332 00:20:44,640 --> 00:20:47,960 Epstein was a potential client who could generate millions of 333 00:20:48,000 --> 00:20:51,039 dollars of revenue as well as leads for other lucrative 334 00:20:51,039 --> 00:20:55,400 clients for the bank. Morris and Epstein began discussions in 335 00:20:55,440 --> 00:20:59,200 the spring of twenty thirteen about a potential relationship between 336 00:20:59,240 --> 00:21:03,839 the bank and n Epstein. Shortly thereafter, Moriss onboarded Epstein's 337 00:21:03,839 --> 00:21:06,920 accounts to the bank, and instantly Epstein had a new 338 00:21:06,960 --> 00:21:09,920 bank willing to circumvent banking laws to make profits from 339 00:21:09,960 --> 00:21:15,960 Epstein's widely known sex trafficking venture. JP Morgan enabled Epstein 340 00:21:16,039 --> 00:21:19,279 to have ready and reliable access to resources, including cash, 341 00:21:19,480 --> 00:21:23,640 to recruit, solicit, entice, harbor, obtain, provide, and transport young 342 00:21:23,640 --> 00:21:27,359 women and girls, including the plaintiff bringing this action, to 343 00:21:27,400 --> 00:21:30,440 cause them to engage in commercial sex acts and to 344 00:21:30,480 --> 00:21:34,480 sexually abuse them. Deutsche Bank then took over exactly where 345 00:21:34,519 --> 00:21:37,920 JP Morgan left off, with the complete acquired knowledge of 346 00:21:37,960 --> 00:21:42,240 Epstein's history of sexual abuse and his sex trafficking operation. 347 00:21:43,000 --> 00:21:47,480 Banking regulations exist to help prevent funding of criminal ventures. 348 00:21:47,559 --> 00:21:51,240 The Federal Bank Secrecy Act requires financial institutions to have 349 00:21:51,359 --> 00:21:55,559 adequate anti money laundering policies and systems in place. New 350 00:21:55,640 --> 00:21:59,599 York State law requires financial institutions to devise and implement 351 00:21:59,680 --> 00:22:04,440 system reasonably designed to identify and report suspicious activity and 352 00:22:04,559 --> 00:22:09,440 block transactions prohibited by law. All regulated institutions are expected 353 00:22:09,440 --> 00:22:13,440 to configure systems based on their unique risk factors, incorporating 354 00:22:13,480 --> 00:22:18,000 parameters such as institution size, presence and high risk jurisdictions, 355 00:22:18,559 --> 00:22:22,160 and the specific lines of business involved, and the institutions 356 00:22:22,319 --> 00:22:26,079 have an affirmative duty to ensure that their systems run effectively. 357 00:22:26,920 --> 00:22:30,359 In addition to having effective AML controls in place, it's 358 00:22:30,400 --> 00:22:34,559 also necessary for financial institutions to monitor their customers for 359 00:22:34,640 --> 00:22:39,119 the purpose of preventing their customers from facilitating criminal activity 360 00:22:39,279 --> 00:22:44,160 using the institution's facilities. As part of preventing criminal activity, 361 00:22:44,319 --> 00:22:48,240 know your customer and customer due diligence are critically important, 362 00:22:48,519 --> 00:22:52,079 and financial institutions must collect customer information at the time 363 00:22:52,119 --> 00:22:56,240 of establishing new relationships with clients, including as necessary to 364 00:22:56,319 --> 00:23:01,599 assess the risks associated to that client. Properly consider these risks, 365 00:23:01,720 --> 00:23:05,799 financial institutions must consider relevant factors such as the nature 366 00:23:05,799 --> 00:23:08,759 of the client's business, the purpose of the client's accounts, 367 00:23:08,839 --> 00:23:13,920 and the nature and duration of the relationship. Financial institutions 368 00:23:14,000 --> 00:23:18,119 must also conduct KYC reviews for each client relationship at 369 00:23:18,119 --> 00:23:21,920 intervals to the AML risk posed by the client, including 370 00:23:22,000 --> 00:23:25,920 reviewing account activity to determine whether such activity fits with 371 00:23:25,960 --> 00:23:29,359 what would have been expected given the nature of the account. 372 00:23:29,799 --> 00:23:33,440 Each client's AML risk should also be reassessed if material, 373 00:23:33,519 --> 00:23:39,400 new information or unexpected account activity is discovered. Financial institutions 374 00:23:39,559 --> 00:23:43,480 must also establish criteria for determining when a client relationship 375 00:23:43,519 --> 00:23:47,279 poses too high of a risk and therefore must be terminated. 376 00:23:47,640 --> 00:23:51,480 A financial institution may be liable under applicable laws if 377 00:23:51,480 --> 00:23:56,440 it maintained such a relationship despite repeated indications of facilitation 378 00:23:57,039 --> 00:24:00,240 of improper transactions. All right, folks, were in a wrap 379 00:24:00,279 --> 00:24:02,319 up right here, and in the next episode dealing with 380 00:24:02,359 --> 00:24:04,720 the topic, We're going to pick up where we left off. 381 00:24:05,160 --> 00:24:07,599 All of the information that goes with this episode can 382 00:24:07,599 --> 00:24:10,720 be found in the description box. What's up, everyone, and 383 00:24:10,839 --> 00:24:14,960 welcome to another episode of the Epstein Chronicles. In this episode, 384 00:24:14,960 --> 00:24:17,359 we're going to dive right back in to the survivor's 385 00:24:17,440 --> 00:24:22,960 lawsuit filed against JP Morgan. JP Morgan's knowledge about the 386 00:24:22,960 --> 00:24:26,640 Epstein venture. J P. Morgan felt in various respects to 387 00:24:26,720 --> 00:24:30,240 meet it's know your customer and other obligations fully with 388 00:24:30,319 --> 00:24:34,440 respect to his relationship with Jeffrey Epstein and entities related 389 00:24:34,440 --> 00:24:38,240 to Jeffrey Epstein. JP Morgan was aware that Epstein was 390 00:24:38,240 --> 00:24:40,559 a wealthy man with hundreds of millions of dollars in 391 00:24:40,599 --> 00:24:44,079 assets and an extensive network of friends and connections that 392 00:24:44,160 --> 00:24:50,240 included prominent financial institutions, politicians, royalty, and billionaires. JP Morgan 393 00:24:50,319 --> 00:24:54,079 was aware that Epstein also had a well publicized reputation 394 00:24:54,200 --> 00:24:58,119 for sexually trafficking and abusing young women. Allegations against them 395 00:24:58,240 --> 00:25:00,640 began appearing in the press as their early as March 396 00:25:00,680 --> 00:25:03,200 of two thousand and five, with the accusation that he 397 00:25:03,240 --> 00:25:07,200 paid a fourteen year old girl for a massage. That year, 398 00:25:07,240 --> 00:25:10,519 the pom Beach, Florida Police Department began an investigation and 399 00:25:10,599 --> 00:25:14,640 allegations against Epstein related to a sexual abuse in Palm Beach. 400 00:25:15,240 --> 00:25:20,319 The investigation quickly uncovered dozens of other Epstein's sex abuse victims. 401 00:25:20,359 --> 00:25:24,559 The investigation also identified the Epstein sex trafficking venture, which 402 00:25:24,559 --> 00:25:28,240 included a number of individuals who were responsible for recruiting 403 00:25:28,279 --> 00:25:31,000 young women to come to Epstein's Palm Beach mansion to 404 00:25:31,000 --> 00:25:35,400 give massages or otherwise furthering his abuse. In two thousand 405 00:25:35,440 --> 00:25:38,119 and six, the state attorney handling the case, after meeting 406 00:25:38,119 --> 00:25:41,319 privately with an attorney representing Epstein, referred the case to 407 00:25:41,359 --> 00:25:44,119 a state grand jury instead of charging Epstein and his 408 00:25:44,240 --> 00:25:47,920 co conspirators for crimes for which local police believed there 409 00:25:47,960 --> 00:25:51,119 was an abundance of evidence. As a result, the Palm 410 00:25:51,160 --> 00:25:54,720 Beach police chief publicly denounced the state attorney and referred 411 00:25:54,759 --> 00:25:59,240 the case to the Federal Bureau, which subsequently opened its 412 00:25:59,240 --> 00:26:04,440 own investigationation and interviewed potential witnesses and victims. In September 413 00:26:04,480 --> 00:26:07,240 two thousand and seven, Epstein agreed to plead guilty to 414 00:26:07,359 --> 00:26:11,279 two prostitution charges in state court, including the solicitation of 415 00:26:11,319 --> 00:26:14,839 a minor to engage in prostitution, in exchange for a 416 00:26:14,880 --> 00:26:19,440 federal non prosecution agreement providing him and co conspirators, including 417 00:26:19,519 --> 00:26:23,960 Leslie Groff, Sarah Kellen, Adriana Ross, and Nadia Maarsenkova, with 418 00:26:24,039 --> 00:26:28,359 immunity from federal prosecution for extensive federal sex trafficking charges 419 00:26:28,559 --> 00:26:32,160 in Florida. The deal included in eighteen month sentence in 420 00:26:32,240 --> 00:26:35,720 Epstein was also required to register as a sex offender 421 00:26:35,920 --> 00:26:40,000 upon his release. Epstein ultimately served only thirteen months of 422 00:26:40,000 --> 00:26:42,680 his eighteen month sentence in the Palm Beach County Jail 423 00:26:43,039 --> 00:26:46,200 and was allowed work release privileges that enabled him to 424 00:26:46,279 --> 00:26:49,079 leave jail six days a week for twelve hours a day. 425 00:26:49,920 --> 00:26:52,359 In the summer of two thousand and eight, Epstein's non 426 00:26:52,440 --> 00:26:55,400 prosecution agreement with the US Department of Justice was made 427 00:26:55,400 --> 00:26:58,839 public when it was unsealed in connection with a challenge 428 00:26:58,880 --> 00:27:02,480 to the NPA two of his victims. Among other things, 429 00:27:02,480 --> 00:27:06,039 the agreement outlined the possible federal sex offense charges that 430 00:27:06,200 --> 00:27:10,279 could have resulted from the investigation, including charges that Epstein 431 00:27:10,359 --> 00:27:13,680 conspired to use a means of interstate commerce to induce 432 00:27:13,720 --> 00:27:17,400 miners to engage in prostitution, to engage in illicit sexual 433 00:27:17,440 --> 00:27:21,039 conduct with miners, conspiring with others to do the same, 434 00:27:21,279 --> 00:27:25,079 and trafficking miners. That agreement also noted that the United 435 00:27:25,119 --> 00:27:27,880 States had compiled a list of the individuals whom it 436 00:27:28,200 --> 00:27:31,960 identified as victims, and that Epstein would pay for legal 437 00:27:32,000 --> 00:27:36,880 representation for these alleged victims. Core proceedings involving the challenge 438 00:27:36,920 --> 00:27:39,960 to Ebstein's NPA continued between two thousand and eight and 439 00:27:40,039 --> 00:27:45,480 twenty thirteen and beyond and attracted significant media attention. Indeed, 440 00:27:45,519 --> 00:27:49,119 between two thousand and five and twenty thirteen, press reports 441 00:27:49,160 --> 00:27:53,200 outlined the allegations underlining the NPA, and to varying degrees, 442 00:27:53,279 --> 00:27:57,759 detailed the involvement of Epstein's alleged co conspirators, including Leslie Groff, 443 00:27:58,240 --> 00:28:02,839 Sarah Kellen, and Nadia Marson. Some articles reported that Leslie 444 00:28:02,839 --> 00:28:05,720 Groff and Sarah Kellen had invoked their Fifth Amendment right 445 00:28:05,759 --> 00:28:10,480 against self incrimination, and others reported that Nadiamarsenkova had allegedly 446 00:28:10,519 --> 00:28:15,480 recruited underage girls to give Epstein massages. Additionally, press reports 447 00:28:15,559 --> 00:28:18,839 during the time noted allegations that Epstein was involved with 448 00:28:18,960 --> 00:28:22,599 Eastern European women in particular, and that a modeling agency 449 00:28:22,839 --> 00:28:26,119 he helped fund, brought young girls, often from Eastern Europe, 450 00:28:26,279 --> 00:28:29,960 to the US on Epstein's private jets at all times 451 00:28:30,079 --> 00:28:33,680 material here too. JP Morgan was aware of the foregoing 452 00:28:33,680 --> 00:28:38,039 information and more about Epstein's sex trafficking activities. It is 453 00:28:38,079 --> 00:28:41,000 well known that JP Morgan did know that a large 454 00:28:41,079 --> 00:28:43,759 number of cash transactions by a customer can be an 455 00:28:43,799 --> 00:28:48,000 indicator of criminal activity generally, and sex trafficking in particular. 456 00:28:48,720 --> 00:28:51,799 Payments to victims of sex trafficking are often made in 457 00:28:51,839 --> 00:28:54,839 cash to avoid leaving a paper trail for law enforcement 458 00:28:55,079 --> 00:28:59,480 or other investigators to follow. For sexual exploitation of victims 459 00:28:59,599 --> 00:29:04,079 has been estimated to generate approximately one hundred billion dollars 460 00:29:04,119 --> 00:29:07,559 in yearly illicit profits, according to a recent study by 461 00:29:07,559 --> 00:29:12,279 the Financial Action Task Force entitled Financial Flows from Human Trafficking. 462 00:29:13,160 --> 00:29:16,839 Given the illegal nature of sex trafficking, individuals perpetrating the 463 00:29:16,880 --> 00:29:19,920 crime as well as laundering the proceeds of that crime, 464 00:29:20,319 --> 00:29:24,799 may be identifiable by observing financial transactions and information obtained 465 00:29:25,000 --> 00:29:28,559 by financial institutions in the course of conducting their customer 466 00:29:28,640 --> 00:29:33,839 due diligence and the behavior of offenders, sex trafficking organizations 467 00:29:34,119 --> 00:29:36,640 have the need for large amounts of cash because many 468 00:29:36,680 --> 00:29:40,839 illegal transactions are often necessary to keep the organization functioning. 469 00:29:42,079 --> 00:29:45,759 The technique that financial institutions use to detect other criminal 470 00:29:45,839 --> 00:29:49,559 enterprises using their services can also be employed to detect 471 00:29:49,559 --> 00:29:54,400 sex trafficking. For example, sex trafficking organizations often use assets 472 00:29:54,400 --> 00:29:57,480 for money laundering, such as cash, real estate, cars, etc. 473 00:29:58,240 --> 00:30:02,799 That other sex trafficking organizations use. Sex trafficking organizations may 474 00:30:02,839 --> 00:30:08,000 also make cash deposits and withdrawals below customer identification thresholds 475 00:30:08,000 --> 00:30:13,039 to avoid triggering additional scrutiny or bank reporting requirements. Sex 476 00:30:13,079 --> 00:30:16,920 trafficking organizations may also use multiple accounts to disguise the 477 00:30:17,000 --> 00:30:21,720 nature of their illegal transactions, thereby laundering the funds involved. 478 00:30:22,279 --> 00:30:25,480 One indicator of sex trafficking can be media coverage of 479 00:30:25,519 --> 00:30:30,039 an account holder activities relating to sex trafficking. Another indicator 480 00:30:30,039 --> 00:30:33,920 of sex trafficking can be recurring payments for transportation of 481 00:30:34,000 --> 00:30:38,400 logistics service in the late night or early morning. A 482 00:30:38,519 --> 00:30:42,599 similar indicator can be significant payments for transportation or logistics, 483 00:30:42,839 --> 00:30:47,759 car rental, taxi, and ride sharing service transactions. JP Morgan 484 00:30:47,880 --> 00:30:51,839 participated in Epstein's violation of the TVPA by knowingly and 485 00:30:51,960 --> 00:30:56,839 intentionally assisting, supporting, facilitating, and enabling Epstein's legal conduct and 486 00:30:56,960 --> 00:31:00,279 sex trafficking venture, including in particular his core ur of 487 00:31:00,359 --> 00:31:04,000 sex trafficking and violation of US Code eighteen, Section fifteen 488 00:31:04,079 --> 00:31:08,400 ninety one A one. JP Morgan's conduct violated the TVPA, 489 00:31:08,720 --> 00:31:12,440 which forbids benefiting financially from participating in a venture that 490 00:31:12,680 --> 00:31:20,480 in or affecting interstate or foreign commerce has recruited, solicited, enticed, transported, harbored, provided, 491 00:31:20,680 --> 00:31:23,559 or obtained a person knowing or in reckless disregard of 492 00:31:23,599 --> 00:31:26,839 the fact that the person has been caused to engage 493 00:31:27,079 --> 00:31:29,160 in a commercial sex act by the means of force, 494 00:31:29,359 --> 00:31:33,000 threats of force, fraud, coercion, abuse of process, or a 495 00:31:33,000 --> 00:31:37,880 combination of such means. JP Morgan's actions knowingly and intentionally 496 00:31:37,920 --> 00:31:43,079 furthered the Epstein sex trafficking venture, including specifically Epstein's sex trafficking. 497 00:31:43,480 --> 00:31:47,119 For example, JP Morgan provided cash to Ebstein, knowing that 498 00:31:47,200 --> 00:31:49,839 he would use the cash to pay for commercial sex acts, 499 00:31:50,039 --> 00:31:54,039 including sexualized massages during which Epstein penetrated Jane do Ie, 500 00:31:54,440 --> 00:31:58,880 forcing her to engage in sexual activity. JP Morgan also 501 00:31:58,920 --> 00:32:01,680 aided and abetted at time stein sex trafficking venture by, 502 00:32:01,720 --> 00:32:05,279 among other things, providing the financial underpinnings for the venture. 503 00:32:05,839 --> 00:32:09,599 JP Morgan enabled Epstein to have ready and reliable access 504 00:32:09,640 --> 00:32:12,960 to resources, including cash and a variety of bank accounts 505 00:32:13,000 --> 00:32:18,200 and other financial tools to recruit, entice, solicit, harbor, provide, obtain, 506 00:32:18,599 --> 00:32:21,599 and transport young women and girls to cause them to 507 00:32:21,640 --> 00:32:26,720 engage in commercial sex acts. JP Morgan knowingly and intentionally 508 00:32:26,759 --> 00:32:30,559 benefited financially and in other ways from its participation in 509 00:32:30,599 --> 00:32:34,759 Epstein's sex trafficking venture with knowledge or with reckless disregard 510 00:32:34,799 --> 00:32:38,319 to the fact that Epstein used means of force, threats 511 00:32:38,319 --> 00:32:42,119 of force, fraud, and coercion, and combinations thereof to force 512 00:32:42,200 --> 00:32:45,839 young women and girls into engaging into commercial sex acts. 513 00:32:46,440 --> 00:32:50,240 As recounted throughout this complaint, JP Morgan financially benefited by 514 00:32:50,279 --> 00:32:53,880 earning millions of dollars from its participation in the Epstein 515 00:32:53,960 --> 00:32:58,000 sex trafficking venture. The benefits that JP Morgan received came 516 00:32:58,039 --> 00:33:01,200 directly from its participation is in the sex trafficking venture 517 00:33:01,480 --> 00:33:05,319 and because of its participation in that venture. In other words, 518 00:33:05,440 --> 00:33:09,440 there was a casual relationship between JP Morgan's conduct furthering 519 00:33:09,480 --> 00:33:13,519 Epstein's sex trafficking venture and its receipt of the financial benefits. 520 00:33:13,519 --> 00:33:18,759 With actual and constructive knowledge of that casual relationship, JP 521 00:33:18,880 --> 00:33:23,279 Morgan knowingly and intentionally financed Epstein's illegal sex trafficking venture. 522 00:33:23,759 --> 00:33:26,799 JP Morgan knew that if it did not finance Epstein's 523 00:33:26,880 --> 00:33:30,200 legal sex trafficking venture, then it would lose valuable Epstein 524 00:33:30,279 --> 00:33:34,400 related accounts. Face with the choice between profiting from Epstein's 525 00:33:34,400 --> 00:33:38,240 sex trafficking venture or following the law, JP Morgan chose 526 00:33:38,279 --> 00:33:41,920 to profit in violation of various banking laws and regulations, 527 00:33:41,960 --> 00:33:46,279 including various know your customer laws. JP Morgan regularly authorized 528 00:33:46,319 --> 00:33:50,079 cash withdrawals and deposits for the Epstein sex trafficking venture, 529 00:33:50,440 --> 00:33:53,839 which allowed Epstein, his co conspirators, and those they directed 530 00:33:53,839 --> 00:33:57,960 to conduct the business of the sex trafficking venture. JP 531 00:33:58,079 --> 00:34:02,079 Morgan's knowing and intentional banking law violations allowed Epstein in 532 00:34:02,079 --> 00:34:05,519 his various corporations to stay under the radar and continue 533 00:34:05,519 --> 00:34:10,559 the sex trafficking operation without close scrutiny or interference. JP 534 00:34:10,679 --> 00:34:15,159 Morgan knowingly and intentionally benefited financially from Epstein's sex trafficking 535 00:34:15,239 --> 00:34:19,559 venture by facilitating and financing Epstein's commercial sex acts in 536 00:34:19,559 --> 00:34:24,679 interstate and foreign commerce, JP Morgan earned interest, commissions, service fees, 537 00:34:24,880 --> 00:34:28,719 and other financial benefits directly from its connection with Epstein. 538 00:34:29,360 --> 00:34:33,360 Epstein related entities and others acting in concert with Epstein, 539 00:34:34,159 --> 00:34:38,039 and Epstein provided those financial benefits to JP Morgan precisely 540 00:34:38,239 --> 00:34:42,119 because it was facilitating his sex trafficking venture, and JP 541 00:34:42,280 --> 00:34:45,400 Morgan knew that was the reason that Epstein was providing 542 00:34:45,440 --> 00:34:50,159 them with those financial benefits. JP Morgan benefited by receiving 543 00:34:50,199 --> 00:34:53,079 things of value from its participation in the Epstein sex 544 00:34:53,079 --> 00:34:56,519 trafficking venture. Among the various things of value it received 545 00:34:56,559 --> 00:35:00,519 were I connections with Jeffrey Epstein, his co conspirator, and 546 00:35:00,559 --> 00:35:05,199 his wealthy friends and associates. Two additional deposits from Epstein, 547 00:35:05,480 --> 00:35:09,239 his co conspirators, and his wealthy friends and associates. Three 548 00:35:09,400 --> 00:35:12,800 the opportunity to earn financial benefits from the funds that 549 00:35:12,840 --> 00:35:17,079 he had been deposited with JP Morgan. JP Morgan knowingly 550 00:35:17,239 --> 00:35:20,079 and intentionally received these things of value as a direct 551 00:35:20,079 --> 00:35:23,920 result of its participation in the Epstein sex trafficking venture 552 00:35:24,320 --> 00:35:28,320 and because it was furthering Epstein's sex trafficking venture. Among 553 00:35:28,360 --> 00:35:31,320 the women and girls who's sex trafficking and sex abuses, 554 00:35:31,559 --> 00:35:35,239 JP Morgan furthered was Jane do one. All right, folks, 555 00:35:35,239 --> 00:35:36,800 We're going to wrap up right here and in the 556 00:35:36,840 --> 00:35:39,360 next episode dealing with the topic, We're gonna pick up 557 00:35:39,400 --> 00:35:42,159 where we left off. All of the information that goes 558 00:35:42,199 --> 00:35:45,239 with this episode can be found in the description box.