Speaker 1: What's up everyone, and welcome to another episode of the
Epstein Chronicles. In this episode, we're going to pick up
with the lawsuit filed by the Epstein survivors against JP Morgan.
Jane do One wanted to escape from the Epstein trafficking venture,
yet Epstein, in his supporting team of co conspirators, increased
the tactics of fraud, force, or coercion to cause her
to remain compliant in fulfilling Epstein's sexual demands. Jeffrey Epstein
controlled Jane do One financially, emotionally, and psychologically. He used
his knowledge of Jane do One's aspirations, fears, and problems
to manipulate her until she was completely controlled by and
dependent upon him. When Epstein went to jail for sex
offenses in Florida, he maintained contact with Jane do One.
He and his employees of his business entities which were
created to support and legitimize Epstein's sexual abuse and sex
trafficking enterprise, including hbrk Nes Financial Trust and Florida Science Foundation,
caused Jane doe One to be transported to Florida in
order to engage in commercial sex with Epstein in his
Florida residence while on so called work release from jail.
While he was still wearing his ankle monitor. There came
a time when Epstein forced Jane do One to give
massages to his powerful friends. During some of these massages,
she was sexually abused by force and against her will
by Epstein's friends whom she had been required to massage.
At least one of Epstein's friends used aggressive force in
his sexual assault of her and informed do One that
he had Epstein's permission to do what he wanted to her.
At a fear of Jane, do One has still not
named this powerful financial executive publicly. Epstein and his co
conspirators withdrew large sums of cash from JP Morgan to
make cash payments to victims, including j do One, in
furtherance of the sex trafficking enterprise. JP Morgan knew that
its accounts were being used for this trafficking based on
a number of factors, including, but not limited to, the
identity of the inn individuals making the withdrawals and wire transfers,
the identity of the recipients, the account opening activity, the
pattern of financial activity, and Epstein's well documented criminal history
and involvement in trafficking. Over the ensuing years, Epstein threatened
Jane doe One in many ways, including threatening her that
if she did not abide by his demands, she would
lose contact with people that she cared about. Epstein would
alternate promises and threats to secure Jane do One's compliance
with his demands, including demands that she engaged in commercial
sex acts with him and others. In some instances, Epstein
would pay Jane do One directly in cash obtained from
JP Morgan for the sex acts. Epstein and his co
conspirators continued to course Jane do One in various ways
until her ultimate escape around the end of twenty thirteen
JP Morgan. JP Morgan's participation in the venture in her
About nineteen ninety eight, in furtherance of his rapidly growing
sexual abuse and sex trafficking operation, Jeffrey Epstein realized that
he needed a reliable banking institution that would provide the
necessary legitimate appearance for his operation. Allow him to open
many accounts for illegitimate companies, ignore red flags, ignore federal
banking laws, allow him to transfer money without questioning, allow
him access to abundant cash, and to otherwise facilitate the
commercial aspect of his commercial sex trafficking enterprise. Epstein found
all of those things in JP Morgan. From about two
thousand to twenty thirteen. JP Morgan knowingly and intentionally participated
in the Epstein sex trafficking venture by, among other things,
providing the essential financial underpinnings for the venture. There can
be no doubt that JP Morgan's conduct, as described below
with outrageous and intentional. Around two thousand, Epstein developed a
key relationship to expanding exploitative sexual abuse and his sex
trafficking operation when he began working with James Jess Staley,
the then head a J. P. Morgan's private banking division.
Before meeting Staley, Epstein was a serial sexual abuser of
young girls and women, with an insatiable desire to sexually
abuse females that were, in his words, the younger the better.
Before Staley, Epstein relied heavily on the massive wealth bestowed
upon him by one individual, Leslie Herbert Wexner, to give
him the appearance of grand importance, while relying on his
madam co conspiratory mean Glam Maxwell to find in groom
young women to be abused by Epstein. However, Epstein could
not expand his operation to the level it ultimately reached
without a complicit financial banking institution that would ignore red
flags to the point of allowing him to pay hundreds
of young females in wire transfers and allow him to
access to hundreds of thousands of dollars in cash to
pay hush money to his growing number of victims. Staley
was the key to making all of Epstein's deprave dreams
of sexual abuse and sex trafficking countless young women possible.
With his help, the number of victims of the Epstein
sex trafficking operation began to grow on a vertical trajectory,
beginning in two thousand. When Epstein and Staley first teamed
up in Are about two thousand, Staley was the head
of JP Morgan's private banking division and was later promoted
to CEO of JP Morgan Asset Management. The relationship between
Epstein and Staley was symbiotic. Epstein agreed to bring many
high ultra wealth clients to JP Morgan, and in exchange,
Staley would use his cloud within JP Morgan to make
Epstein untouchable. This meant that JP Morgan would keep Epstein
on as a client at all costs, including felling to
act on any red flags and ultimately allowing him the
ability to run and grow. What to the Bank was
obviously an operation designed to sexually abuse and traffic countless
young women. There were several key figures who created Epstein's
international sex trafficking operation, most notably Glayne Maxwell, Les Wexner,
and Jess Staley. Through JP Morgan. In later years, Deutsche
Bank picked up where JP Morgan left off and provided
the necessary complicit financial institution for the operation. Without Maxwell,
Epstein would never have been able to recruit his first
victims and been able to bring them into his abuse
of layer. She approached young, vulnerable victims and spread the
word that Epstein was this altruistic messiah who could help them.
Once they were in Epstein's clutches, she groomed them to
make them feel comfortable being sexually exploited and abused. Without Wexner,
Epstein's sex trafficking operation and sexual abuse of women could
never have occurred to the extent that it did, as
Epstein needed the appearance of extraordinary wealth to attract his
victims and force them to stay silent. However, even with
Wexner's funding of Epstein's operation, Epstein's sexual abuse of hundreds
of women would have been limited because the money trail
from Epstein's accounts to the many victims and recruiters would
have exposed the operation quickly. Therefore, the final essential ingredient
Epstein needed to expand the sexual abuse of young women
and sex trafficking enterprise was a financial institution that would
not care that Epstein was sexually abusing women on a
daily basis and paying out millions in hush money. JP
Morgan provided the financial component Epstein needed, and Staley made
sure Epstein is a legal sexual abuse organization was absolutely
protected by the bank. From the beginning of the Epstein
Stalely relationship, Staley understood that Epstein's money was only part
of the incentive to protect Epstein's operation as long as
Epstein's money stayed at the bank. Staley also knew that Wexner,
Epstein's client, who had turned over a power of attorney
to Epstein, would likewise keep his money with JP Morgan.
Wexner's money was said to amount over a billion dollars.
It did not stop there. Epstein made it clear that
he collected people and was close with many ultra wealthy
individuals that he could bring into the bank. These new
customers made JP Morgan even more profitable. Along the way,
Epstein gave credit for these new bank customers to Staley,
which made Staley enormously wealthy. Epstein controlled Staley like he
did his many victims, by flaunting his power and connections
and extreme wealth. Epstein made it clear to Staley that
if JP Morgan ever decided to terminate its relationship with Epstein,
the bank would lose Wexner and other wealthy connections Epstein
had promised JP Morgan. Staley was enamored with Epstein and
driven by greed, which made Epstein one of the most
coveted clients of JP Morgan. Through the years, Staley helped
accumulate other protectors of Epstein with JP Morgan, such as
Mary Erdos, who were also willing to turn a blind
eye to Epstein's blatantly illegal operation. With JP Morgan's complicity,
Epstein was free to sexually abuse hundreds of women, paying
millions in hush money without the fear of detection by
law enforcement. Epstein used the support from a reputable institution,
JP Morgan to helped cover up his criminal activity. JP
Morgan cared about one thing profit and showed absolute loyalty
to Epstein, including a willingness to violate banking laws and
ignore multiple red flags of criminality to enable Epstein to
fulfill his abusive sexual appetite at the expense of countless
vulnerable young women. As Epstein's criminal sex trafficking venture expanded
and he needed more protection and support from JP Morgan,
Epstein continued to grow closer to Staley as another example
a JP Morgan in Staley benefit from assisting Epstein. Another
highly profitable deal for JP Morgan was the Hybridge deal
in two thousand and four, at the height of epstein
sex trafficking and abuse operation, when he was transferring massive
amounts of hush money to his victims and recruiters and
withdrawing hundreds of thousands of dollars in cash so that
all the payments were not traceable, the most obvious red
flag for any criminal enterprise, Epstein served up another big
financial pay day to JP Morgan. Epstein was close friends
with Glenn Dubin, the billionaire who ran high Bridge Capital Management,
whom he introduced to Staley through Epstein's connection. It has
been reported that Staley arranged for JP Morgan to buy
a majority stake in Dubin's fund, which resulted in a
sizeable profit for JP Morgan. This arrangement was profitable for
both Staley and JP Morgan, further incentivising JP Morgan to
ignore the suspicious activity in Epstein's accounts. In addition to Epstein,
JP Morgan also housed accounts for Epstein's main sex trafficking
Madam Glenn Maxwell, who was now serving twenty years in
prison for sex trafficking related to her participation in Epstein's operation.
In twenty twenty two, JP Morgan representative Patrick McHugh testified
in Maxwell's criminal sex trafficking trial that between nineteen ninety
nine and two thousand, Epstein transferred approximately thirty one million
dollars to Maxwell, an amount believed to be payment for
her role in epstein sex trafficking venture. All right, folks,
we're going to wrap up right here and in the
next episode dealing with the topic, we're gonna pick up
where we left off. All of the information that goes
with this episode can be found in the description box.
What's up, everyone, and welcome to another episode of the
Epstein chronicles in this episode, We're getting right back to
the survivor's lawsuit filed against JP Morgan. Between two thousand
and two thousand and five, Epstein provided clients to JP Morgan,
and in exchange, JP Morgan allowed Epstein to do as
he pleased with his JP Morgan accounts. JP Morgan allowed
Epstein to engage in structuring violations and other financial maneuvers
required to maintain a criminal enterprise. The relationship continued without
much of a question from outsiders. JP Morgan financially benefited
from allowing Epstein to use his JP Morgan accounts to
run his sex trafficking venture. However, in two thousand and six,
Epstein's relationship with JP Morgan hit a snag when Epstein
was publicly exposed for sexually abusing dozens of young girls
and women, several as young as fourteen years old. There
were hundreds of pages of police reports and news articles
revealing that Epstein was a serial sexual abuser and trafficker,
and that his operation depended on his accessing nearly unlimited
cash to use his payments to his victims. With respect
to those specific discoveries, the U. S. Attorney's Office for
the Southern District of Florida found that some of the
victims went to mister Epstein's house only once, some went
there as much as one hundred times or more. It
was publicly revealed in the investigation that Epstein was sexually
abusing three to four young females every single day of
his life, and that he was paying each victim hundreds
of dollars in hush money, usually cash. The criminal investigation
also revealed that Epstein was paying countless recruiters to constantly
bring him more victims, making clear that quick access to
cash at a financial institution was a lifeblood for his
sex trafficking venture. The money trail into Epstein's accounts was
a dead giveaway that Epstein was engaging in crimes, and
the recipients of his money exposed the type of crimes
to the extent that JP Morgan could feign plausible deniability
before Epstein's arrest in two thousand and six. Thereafter, its
ability to play dumb was eviscerated when Epstein registered as
a sex offender and the details of his daily sexual
abuse of young females came to public light. Because Epstein
was so publicly exposed as a sex trafficker and abuser,
one of his primary financial engines, Les Wesner, abandoned him
and separated himself from Epstein. In two thousand and eight,
around the same time that Epstein was pleading guilty to
felony sex offenses and registering as a lifetime offender, it
was discovered that another of JP Morgan's high value clients,
Bernie Madoff, was running the largest Ponzi scheme in modern
history through his accounts at JP Morgan, causing JP Morgan
to review its clientele with a directive of severing ties
with any problematic customers. With this indisputable knowledge that Epstein
was a sexual offender who was using his wealth for
only one purpose to run a sexual abuse in trafficking operation,
any responsible bank would have cut ties, if only to
attempt to maintain the not so plausible deniability that it
had not known of Epstein's legal sexual abuse operation earlier. However,
rather than cut its ties with Epstein, it's been reported
that Staley, acting on behalf of JP Morgan, personally visited
Epstein when he was serving as jail sentence in Florida.
No matter of the cost. The bank made clear that
Epstein could continue to fund his sexual abuse operation through
JP Morgan. When executives on the board at JP Morgan
recommended cutting ties with Epstein, Staley made strong and successful
arguments for JP Morgan keeping Epstein as a customer. In
support of JP Morgan's CEO of private Banking, Mary Erdos,
argued that Epstein was too valuable of a client to
let go and played a pivotal role in maintaining g
ap Morgan's relationship with Epstein. After Staley went to visit
Epstein in Florida while Epstein was incarcerated on sex offenses,
Epstein and Staley's relationship continued to grow. Ultimately, after Epstein's
release from jail, Staley and Epstein spent significant time together
at Epstein's townhouse in New York City. Staley also visited
Epstein on his private island in the United States Virgin Islands,
an island commonly dubbed pedophile Island. After his arrest in
two thousand and eight, dozens of public lawsuits mounted against Epstein,
revealing greater details of Epstein's sexual abuse of young women,
each of which also detailed millions in payments that Epstein
was making to recruiters co conspirators, cover guys such as
his longtime fixer, a lawyer and fixer accountant, and to
his victims. Through the civil lawsuits, evidence such as message
pads taken from Epstein's trash by police or through prior
search warrants, as well as flight logs, began to publicly surface,
shedding free or other public light on the expansiveness of
Epstein's sex trafficking operation. In addition to the inner workings
of Epstein's sex trafficking scheme becoming public when he was
arrested and served as jail time in Florida, other relevant
information also became public and was widely published. Epstein had
no college degree, had never obtained any specialized license, none
of the companies with whom he was associated had any
legitimate business structure or purpose, and he had no documented
expertise that would provide the requisite skill or knowledge to
a mass his vast wealth. Despite the false rumors he
had created to conceal his business, Epstein was exposed as
literally nothing more than a sex trafficking abuser of young females,
a fact easily discernible by any responsible financial institution with
whom he was banking for JP Morgan, a sophisticated financial
institution legally responsible for complying with know your Customer laws
and other banking obligations. The details of Epstein's sexual abuse
and trafficking were not a surprise. Even so, JP Morgan
never cooperated in any of the civil or criminal complaints
against Epstein because to do so would reveal JP Morgan's
complicity in Epstein's operation. Fearful that Epstein could turn on
the bank for its woeful blindness, JP Morgan and s
Daily remain incentivized to maintain and grow the relationship and
to assist in concealing Epstein's illegal and questionable banking practices.
When a subpoeno was served on JP Morgan in two
thousand and nine by one of Jeffrey Epstein's sexual abuse victims,
JP Morgan refused to comply with the subpoena, making it
abundantly clear who side JP Morgan was on. After Epstein
was released from his Florida incarceration, he picked up right
where he left off, abusing young women on a daily basis,
paying recruiters, and paying hush money to victims. JP Morgan
also picked up right where it left off, protecting Epstein's
operation and allowing it to flourish once again with the
encouragement of Staley. JP Morgan knowingly and intentionally participated in
the Epstein sex trafficking venture by, among other things, providing
the financial underpinnings for Epstein to have ready and reliable
access to resources, including cash, to recruit, lure, coarse, and
entice young women and girls to cause them to engage
in commercial sex acts and other degradations. JP Morgan assisted
and participated in epstein sex trafficking venture by knowingly enabling
him to make payments to victims, including directly or indirectly
Jane do One and others similarly situated and obtain large
sums of cash from his various accounts in violation of
structuring laws in order to finance is well known cash
driven sexual abuse and sex trafficking venture. JP Morgan participated
in Epstein's violations of the Trafficking Victims Protection Act by
knowingly and intentionally facilitating, assisting, and enabling Epstein's a legal
sexual abuse and sex trafficking venture, including in particular his
coercive sex trafficking in violation of US Code eighteen, Section
fifteen ninety one A one. JP Morgan's conduct knowingly and
intentionally violated the TVPA, which forbids benefiting financially by participating
in a sex trafficking venture knowing or in reckless disregard
of the fact that means a force, threats of force, fraud, coercion,
abusive process, and combination of those means have been used
to cause young women and girls to engage in commercial
sex acts. Ultimately, JP Morgan financially benefited by earning millions
of dollars for its participation in the Epstein sex trafficking venture.
Throughout its relationship with Epstein, JP Morgan violated numerous regulations
in order to continue its lucrative venture facilitating the Epstein's
sexual abuse and sex trafficking scheme. It was later revealed
that Staley and epps Stein exchanged more than twelve hundred
emails between two thousand and eight and the end of
Staley's tenure at JP Morgan, which speaks volumes to the
close personal and business relationship that the two shared. Due
to the extensive publicity about Epstein's legal sexual activity and
the departure of Staley from JP Morgan, the bank finally
severed ties with Epstein. In twenty thirteen, after losing Staley,
Epstein no longer had his primary protector at JP Morgan.
In order to continue to operate, Epstein would need to
find a new bank. Fortunately for Epstein, former JP Morgan
banker Paul Morris joined Deutsche Bank in twenty twelve. Soon
after joining Deutsche Bank, Morris suggested the senior management that
Epstein was a potential client who could generate millions of
dollars of revenue as well as leads for other lucrative
clients for the bank. Morris and Epstein began discussions in
the spring of twenty thirteen about a potential relationship between
the bank and n Epstein. Shortly thereafter, Moriss onboarded Epstein's
accounts to the bank, and instantly Epstein had a new
bank willing to circumvent banking laws to make profits from
Epstein's widely known sex trafficking venture. JP Morgan enabled Epstein
to have ready and reliable access to resources, including cash,
to recruit, solicit, entice, harbor, obtain, provide, and transport young
women and girls, including the plaintiff bringing this action, to
cause them to engage in commercial sex acts and to
sexually abuse them. Deutsche Bank then took over exactly where
JP Morgan left off, with the complete acquired knowledge of
Epstein's history of sexual abuse and his sex trafficking operation.
Banking regulations exist to help prevent funding of criminal ventures.
The Federal Bank Secrecy Act requires financial institutions to have
adequate anti money laundering policies and systems in place. New
York State law requires financial institutions to devise and implement
system reasonably designed to identify and report suspicious activity and
block transactions prohibited by law. All regulated institutions are expected
to configure systems based on their unique risk factors, incorporating
parameters such as institution size, presence and high risk jurisdictions,
and the specific lines of business involved, and the institutions
have an affirmative duty to ensure that their systems run effectively.
In addition to having effective AML controls in place, it's
also necessary for financial institutions to monitor their customers for
the purpose of preventing their customers from facilitating criminal activity
using the institution's facilities. As part of preventing criminal activity,
know your customer and customer due diligence are critically important,
and financial institutions must collect customer information at the time
of establishing new relationships with clients, including as necessary to
assess the risks associated to that client. Properly consider these risks,
financial institutions must consider relevant factors such as the nature
of the client's business, the purpose of the client's accounts,
and the nature and duration of the relationship. Financial institutions
must also conduct KYC reviews for each client relationship at
intervals to the AML risk posed by the client, including
reviewing account activity to determine whether such activity fits with
what would have been expected given the nature of the account.
Each client's AML risk should also be reassessed if material,
new information or unexpected account activity is discovered. Financial institutions
must also establish criteria for determining when a client relationship
poses too high of a risk and therefore must be terminated.
A financial institution may be liable under applicable laws if
it maintained such a relationship despite repeated indications of facilitation
of improper transactions. All right, folks, were in a wrap
up right here, and in the next episode dealing with
the topic, We're going to pick up where we left off.
All of the information that goes with this episode can
be found in the description box. What's up, everyone, and
welcome to another episode of the Epstein Chronicles. In this episode,
we're going to dive right back in to the survivor's
lawsuit filed against JP Morgan. JP Morgan's knowledge about the
Epstein venture. J P. Morgan felt in various respects to
meet it's know your customer and other obligations fully with
respect to his relationship with Jeffrey Epstein and entities related
to Jeffrey Epstein. JP Morgan was aware that Epstein was
a wealthy man with hundreds of millions of dollars in
assets and an extensive network of friends and connections that
included prominent financial institutions, politicians, royalty, and billionaires. JP Morgan
was aware that Epstein also had a well publicized reputation
for sexually trafficking and abusing young women. Allegations against them
began appearing in the press as their early as March
of two thousand and five, with the accusation that he
paid a fourteen year old girl for a massage. That year,
the pom Beach, Florida Police Department began an investigation and
allegations against Epstein related to a sexual abuse in Palm Beach.
The investigation quickly uncovered dozens of other Epstein's sex abuse victims.
The investigation also identified the Epstein sex trafficking venture, which
included a number of individuals who were responsible for recruiting
young women to come to Epstein's Palm Beach mansion to
give massages or otherwise furthering his abuse. In two thousand
and six, the state attorney handling the case, after meeting
privately with an attorney representing Epstein, referred the case to
a state grand jury instead of charging Epstein and his
co conspirators for crimes for which local police believed there
was an abundance of evidence. As a result, the Palm
Beach police chief publicly denounced the state attorney and referred
the case to the Federal Bureau, which subsequently opened its
own investigationation and interviewed potential witnesses and victims. In September
two thousand and seven, Epstein agreed to plead guilty to
two prostitution charges in state court, including the solicitation of
a minor to engage in prostitution, in exchange for a
federal non prosecution agreement providing him and co conspirators, including
Leslie Groff, Sarah Kellen, Adriana Ross, and Nadia Maarsenkova, with
immunity from federal prosecution for extensive federal sex trafficking charges
in Florida. The deal included in eighteen month sentence in
Epstein was also required to register as a sex offender
upon his release. Epstein ultimately served only thirteen months of
his eighteen month sentence in the Palm Beach County Jail
and was allowed work release privileges that enabled him to
leave jail six days a week for twelve hours a day.
In the summer of two thousand and eight, Epstein's non
prosecution agreement with the US Department of Justice was made
public when it was unsealed in connection with a challenge
to the NPA two of his victims. Among other things,
the agreement outlined the possible federal sex offense charges that
could have resulted from the investigation, including charges that Epstein
conspired to use a means of interstate commerce to induce
miners to engage in prostitution, to engage in illicit sexual
conduct with miners, conspiring with others to do the same,
and trafficking miners. That agreement also noted that the United
States had compiled a list of the individuals whom it
identified as victims, and that Epstein would pay for legal
representation for these alleged victims. Core proceedings involving the challenge
to Ebstein's NPA continued between two thousand and eight and
twenty thirteen and beyond and attracted significant media attention. Indeed,
between two thousand and five and twenty thirteen, press reports
outlined the allegations underlining the NPA, and to varying degrees,
detailed the involvement of Epstein's alleged co conspirators, including Leslie Groff,
Sarah Kellen, and Nadia Marson. Some articles reported that Leslie
Groff and Sarah Kellen had invoked their Fifth Amendment right
against self incrimination, and others reported that Nadiamarsenkova had allegedly
recruited underage girls to give Epstein massages. Additionally, press reports
during the time noted allegations that Epstein was involved with
Eastern European women in particular, and that a modeling agency
he helped fund, brought young girls, often from Eastern Europe,
to the US on Epstein's private jets at all times
material here too. JP Morgan was aware of the foregoing
information and more about Epstein's sex trafficking activities. It is
well known that JP Morgan did know that a large
number of cash transactions by a customer can be an
indicator of criminal activity generally, and sex trafficking in particular.
Payments to victims of sex trafficking are often made in
cash to avoid leaving a paper trail for law enforcement
or other investigators to follow. For sexual exploitation of victims
has been estimated to generate approximately one hundred billion dollars
in yearly illicit profits, according to a recent study by
the Financial Action Task Force entitled Financial Flows from Human Trafficking.
Given the illegal nature of sex trafficking, individuals perpetrating the
crime as well as laundering the proceeds of that crime,
may be identifiable by observing financial transactions and information obtained
by financial institutions in the course of conducting their customer
due diligence and the behavior of offenders, sex trafficking organizations
have the need for large amounts of cash because many
illegal transactions are often necessary to keep the organization functioning.
The technique that financial institutions use to detect other criminal
enterprises using their services can also be employed to detect
sex trafficking. For example, sex trafficking organizations often use assets
for money laundering, such as cash, real estate, cars, etc.
That other sex trafficking organizations use. Sex trafficking organizations may
also make cash deposits and withdrawals below customer identification thresholds
to avoid triggering additional scrutiny or bank reporting requirements. Sex
trafficking organizations may also use multiple accounts to disguise the
nature of their illegal transactions, thereby laundering the funds involved.
One indicator of sex trafficking can be media coverage of
an account holder activities relating to sex trafficking. Another indicator
of sex trafficking can be recurring payments for transportation of
logistics service in the late night or early morning. A
similar indicator can be significant payments for transportation or logistics,
car rental, taxi, and ride sharing service transactions. JP Morgan
participated in Epstein's violation of the TVPA by knowingly and
intentionally assisting, supporting, facilitating, and enabling Epstein's legal conduct and
sex trafficking venture, including in particular his core ur of
sex trafficking and violation of US Code eighteen, Section fifteen
ninety one A one. JP Morgan's conduct violated the TVPA,
which forbids benefiting financially from participating in a venture that
in or affecting interstate or foreign commerce has recruited, solicited, enticed, transported, harbored, provided,
or obtained a person knowing or in reckless disregard of
the fact that the person has been caused to engage
in a commercial sex act by the means of force,
threats of force, fraud, coercion, abuse of process, or a
combination of such means. JP Morgan's actions knowingly and intentionally
furthered the Epstein sex trafficking venture, including specifically Epstein's sex trafficking.
For example, JP Morgan provided cash to Ebstein, knowing that
he would use the cash to pay for commercial sex acts,
including sexualized massages during which Epstein penetrated Jane do Ie,
forcing her to engage in sexual activity. JP Morgan also
aided and abetted at time stein sex trafficking venture by,
among other things, providing the financial underpinnings for the venture.
JP Morgan enabled Epstein to have ready and reliable access
to resources, including cash and a variety of bank accounts
and other financial tools to recruit, entice, solicit, harbor, provide, obtain,
and transport young women and girls to cause them to
engage in commercial sex acts. JP Morgan knowingly and intentionally
benefited financially and in other ways from its participation in
Epstein's sex trafficking venture with knowledge or with reckless disregard
to the fact that Epstein used means of force, threats
of force, fraud, and coercion, and combinations thereof to force
young women and girls into engaging into commercial sex acts.
As recounted throughout this complaint, JP Morgan financially benefited by
earning millions of dollars from its participation in the Epstein
sex trafficking venture. The benefits that JP Morgan received came
directly from its participation is in the sex trafficking venture
and because of its participation in that venture. In other words,
there was a casual relationship between JP Morgan's conduct furthering
Epstein's sex trafficking venture and its receipt of the financial benefits.
With actual and constructive knowledge of that casual relationship, JP
Morgan knowingly and intentionally financed Epstein's illegal sex trafficking venture.
JP Morgan knew that if it did not finance Epstein's
legal sex trafficking venture, then it would lose valuable Epstein
related accounts. Face with the choice between profiting from Epstein's
sex trafficking venture or following the law, JP Morgan chose
to profit in violation of various banking laws and regulations,
including various know your customer laws. JP Morgan regularly authorized
cash withdrawals and deposits for the Epstein sex trafficking venture,
which allowed Epstein, his co conspirators, and those they directed
to conduct the business of the sex trafficking venture. JP
Morgan's knowing and intentional banking law violations allowed Epstein in
his various corporations to stay under the radar and continue
the sex trafficking operation without close scrutiny or interference. JP
Morgan knowingly and intentionally benefited financially from Epstein's sex trafficking
venture by facilitating and financing Epstein's commercial sex acts in
interstate and foreign commerce, JP Morgan earned interest, commissions, service fees,
and other financial benefits directly from its connection with Epstein.
Epstein related entities and others acting in concert with Epstein,
and Epstein provided those financial benefits to JP Morgan precisely
because it was facilitating his sex trafficking venture, and JP
Morgan knew that was the reason that Epstein was providing
them with those financial benefits. JP Morgan benefited by receiving
things of value from its participation in the Epstein sex
trafficking venture. Among the various things of value it received
were I connections with Jeffrey Epstein, his co conspirator, and
his wealthy friends and associates. Two additional deposits from Epstein,
his co conspirators, and his wealthy friends and associates. Three
the opportunity to earn financial benefits from the funds that
he had been deposited with JP Morgan. JP Morgan knowingly
and intentionally received these things of value as a direct
result of its participation in the Epstein sex trafficking venture
and because it was furthering Epstein's sex trafficking venture. Among
the women and girls who's sex trafficking and sex abuses,
JP Morgan furthered was Jane do one. All right, folks,
We're going to wrap up right here and in the
next episode dealing with the topic, We're gonna pick up
where we left off. All of the information that goes
with this episode can be found in the description box.