Speaker 1: And welcome back to the Epstein Chronicles. On this morning's edition,
we're going to talk about JP Morgan and how they
kept Jeffrey Epstein as a client even when they knew
what he was and what he was up to. Not
only did they keep him as a client, but they
went to bat for him. One of the highest ranking
people in the whole entire company basically fought for Jeffrey
Epstein to stay a client. Now ask yourself, why would
the bank want Jeffrey Epstein to stick around? Well, simple,
it's all about the Benjamins, isn't it. These people do
not care about you. They do not care about human
trafficking victims. They don't care about people being bombed in Yemen. Hell,
they don't even care about people being bombed in Ukraine.
It's just the shiny new object and they feel like
they can score some points. But when it all comes
down to it, and when all is said and none,
the financial sector is making a huge profit from the suffering.
They know it, I know it, and you know it.
Yet they'll get up there and they'll lack like they're,
you know, doing great things and great deeds for humanity.
Meanwhile they're helping facilitate the crimes of people like Epstein,
oligarchs and scumbags all around the world. So this morning,
we're going to take another look at the scum baggery
of JP Morgan and how they help Jeffrey Epstein continue
to be the piece of garbage that he was. This
article is from August tenth of twenty nineteen. The author
is Michelle Solarier. Solarier sorry if I mispronounced that. Michelle
headline did JP Morgan go easy on alleged sex trafficker
Jeffrey Epstein? Alleged sex trafficker? Huh? How about human trafficker
pedophile world's life largest piece of shit? Yeah, all of
that fits everyone on Wall Street who knew disgraced financier
pedophile Jeffrey Epstein is busy distancing themselves from the convicted
pedophile who died of an apparent suicide Saturday in a
federal jail cell in New York City where he was
awaiting trial on sex trafficking charges. The lurid case involving
underage girls has name checked politicians, prints, and the number
of billionaires, most of whom likely wish they'd never met
the man. See again, that's where I disagree. They don't
care that they met him. They only care that they've
been called out on it. They only care that they
were caught right. They don't regret all of the benefits
they got Palin around with Epstein. They don't regret all
of the extra zeros that ended up in their bank
account because of his grifting and his thievery. They're only
upset because they've been exposed. Then there's JP Morgan Chase,
which is pushing back against a New York Times report
on Thursday that the bank refused to break ties with
Epstein decades ago, excuse me, a decade ago, even though
it's compliance toaff recommended doing so. The bank finally quit
doing business with Epstein, who was a private banking client
of JP Morgan, in twenty thirteen. And now remember during
this time this was Jess Staley's reign at JP Morgan.
Jess Staley was the one that facilitated all of this,
and in fact, he was Epstein's top dog at the
company is number one contact. JP Morgan is connected to
Epstein through two former high level executives and, according to
the Times, one current one. In two thousand and eight,
Epstein was charged with sexual offenses with miners and pled
guilty to soliciting prostitution in a Florida court. The next year,
JP Morgan's compliance officers recommended that the bank cut its
ties to the financier Pedophile because his accounts posed unacceptable
legal and reputational risks. The Times reported, boy, they should
have listened to the regulation department. Shouldn't have they They
probably should have listened to what the department had to
say and listen to what the compliance people were telling
them so that they didn't find themselves in this mess.
But guess what they knew and they didn't care. They
didn't care. A multi year review the bank conducted at
the behest of the Comptroller of the Currency in the
post madeoff era had flagged Epstein's accounts as potentially problematic.
Talk about understatement of the century potentially problematic. The stunning
revelation in this story was that Mary Erdos, who was
the head of JP Morgan's asset management division and widely
considered a potential successor to CEO Jamie Diamond, stepped in
to keep Epstein as a client. According to six people
The Times spoke with, Now ask yourselves, why would somebody
who is so highly placed in the financial sector, considered
to be the successor of Jamie Diamond himself, why would
she step in to keep Jeffrey Epstein as a client. Now,
there's no doubt Epstein was rich. Epstein had do but
he's not that rich. Wasn't one of the richest men
in the world. Certainly not somebody that you jumped through
the hoops for. Joseph EVANGELISTI, a JP Morgan spokesman, said
that Times has it wrong. Mary would never overrule our
compliance team or other controls functions to retain a customer.
He told The Times. She has only one recollection of
formerly meeting with the customer, which was the day she
fired him as a client. Oh yeah, I'm sure that's
the only time they ever met. They never rubbed shoulders,
never rubbed elbows, they never broke bread. She never even
knew who Jeffrey Epstein was. She's so ensconced in her
her world of finances that she doesn't even watch the news.
These people are so predictable, every single one of them,
with their cases of amnesia. Huh So, how did he
stay a client for so long? Did the people down
in compliance just say, oh to hell? With it. We're
going to keep him around, No big deal. They don't
have the power to do that. It's just like with
the Acosta stuff. How are you going to blame the
mid level manager? Sure, fire that person, but they don't
shoulder the blame. The blame goes up top. And the
only people that don't think like that are people who
have never worked in the corporate world. That shit goes
straight up to the top. And if your division is
not performing, what do you think the front line employees
are going to be the ones that bear the brunt.
Hell no, it's going to be you. If my sportsbook
wasn't performing, do you really think that they're going to
in and they're gonna get rid of all my supervisers
and fire the ticket writers and leave me there. Of
course not, so the whole nonsense about how, oh well,
she would never do that, and it must have been
someone Come on, man, really, yeah, sure, I'm positive some
mid level compliance manager made the call. Epstein had been
kept on as a client, according to the Times report,
because he helped recruit wealthy people to JP Morgan's private
banking division. Of course, that's the reason. It's all about
the money coming in, right, there's no way that these
guys are going to take a risk on Epstein if
they're not getting big money, if their ROI is not huge,
and Epstein's bringing the rest of his scumbag money laundering
friends in, so it's a win win. They protect Epstein
and his transactions, and in return, he's increasing their handle,
He's increasing the money that the bank's sitting on. The
report said that an internal debate at the bank over
the issue was so heated that one compliance officer quit.
The matter finally came to a head in twenty thirteen,
according to the Times, when the Comptroller of the Currency
publicly ordered the bank to improve its processes for detecting
money laundering and rigorously scrutinizing customers. Funny that they talk
about money laundering and then Jeffrey Epstein's involved, Huh, all
of us. It's just a coincidence. Though. Do you not
find it odd that there were no charges of money
laundering late against Epstein or Maxwell? What about wire fraud?
That's one of their favorites. They love those they love
that predicate. See all the things that Maxwell and Epstein
were up to, all the stuff that they were doing
through these banks, would land, all of us, the rest
of us, you know, the worthless people in the world.
A huge, gigantic federal investigation just on these financial crimes alone,
never mind you add in human trafficking and the rest
of the disgustingness that this guy was up to. The
financial crimes alone here should be enough to initiate a
huge investigation with a wide net that captures all of
these people in it. Epstein was kicked out of JP
Morgan that year. Around the same time, two of his
most important connections to JP Morgan also left. It's just
a coincidence. Guy's okay, just a coincidence. Jess Staley, who
by then was the CEO of JP Morgan's investment bank,
and Glenn Dubin, the head of hedge fund high Bridge Capital,
which JP Morgan owns. You see all the ties and
how they bind here. Glenn Dubin accused of sexually assaulting
Virginia Roberts, Jess Staley accused of enabling Jeffrey Epstein and
helping him with his financial maneuvering. And they just all
happened to work at JP Morgan. All a coincidence. The
financial sector is everything is fine here, nothing's on fire
as smoke pours out of the windows. I am usually
the last person to call for regulation. I find it
over burdensome most of the time, and in fact, I
find it to be difficult to navigate around as a
business owner or a manager of a business for the
most part. But when we're talking about something like the
financial sector, where these pieces of shit have proved to
us that they can't be trusted, then yeah it needs
to be highly regulated. It won't be because these are
the guys that are writing the checks. Folks, what you
think that the politicians are making the decisions? How do
you think they got elected? Furthermore, go and take a
look at your boy Biden's staff. Go take a look
at the cabinet. Go take a look at all of
the people that were coming in on the transition team,
and see how many of them worked in finance. Meet
the new boss same as the old boss. Between two
thousand and one and two thousand and nine, Staley Epstein's
most powerful connection at JP Morgan had been running JP
Morgan's asset management division. The job erdos landed when Staley
was promoted to run the investment bank. Staley is now
the CEO of Barclay's Bank not any longer. He's not.
But you see how it all works here, right. They
want you to believe that this is all just a
big misunderstanding and Epstein just happened to slip through the net.
But the reality is all of these big wigs were
hanging out with Epstein, they were all breaking bread, They
all had the same friend circle. Staley's signature achievement at
JP Morgan was the two thousand and four majority stake
the bank took in Highbridge Capital, which it now owns
outright today, Highbridge is a twenty five billion dollar juggernaut
and the pillar of the bank's asset management division. That's
what it was all about, okay, And do Uban was
a big part of that as well. He was the
guy who co found Highbridge. Epstein, it turns out, was
partially responsible for making that deal happen in nineteen ninety eight.
According to an individual familiar with the matter, he had
introduced Daley to Dubin, the co founder of Highbridge. Now
I have heard the same exact thing from the people
I know in the financial sector who have told me
about the history of this relationship, And there's no doubt
that The key cog here was that Epstein was able
to a bring in business. But really it was the
Highbridge deal that sealed everything, that made Epstein like a
commodity almost for them that they couldn't do away with.
When JP Morgan took its undisclosed stake in Highbridge, the
Hedge Fund gave Epstein fifteen million dollars for brokering the deal,
though people inside Highbridge questioned what he did to earn
that fee. According to a person familiar with the transaction,
that was how it worked. Epstein would negotiate these deals right,
underhanded deals in the back room with people like Jess Staley,
and then his buddies would benefit greatly and himself obviously. Right.
So Epstein gets a fifteen million dollar fee for an introduction,
and again I wonder how much of that fifteen million
dollars this motherfucker paid taxes on or any of these
people really. Highbridge declined to comment on the fees, saying
that the deal's terms are private. The Wall Street Journal
earlier reported the fee, and again I heard the same thing.
Dubin had become close with Epstein through his wife Eva
Anderson Dubin, a former Miss Sweden, and model turned doctor philanthropist,
who had been Epstein's girlfriend in the nineteen eighties. Epstein
was also an investor in Highbridge until Dubin left in
twenty thirteen. The Dubins apparently had a relationship with Epstein
well beyond finance, even reportedly spending Thanksgain with him after
he was released from prison. Now you see why I
keep hammering on this financial portion of all of this.
I want you folks to understand that this is the
key here. If you really want to take these people
down and you want to nail them, you go after
the money. That's how you get them. How did they
get al capone taxes? Right? The financial crimes. It's the
right way to go if you want to take people
like this down. And when you don't see a robust
investigation into the finances and into the nexus of those finances,
you know that you're being dogwalked by the authorities. On Friday,
Dubin's name surfaced once again in the Epstein case when
documents in the defamation suit by Virginia Roberts, one of
Epstein's survivors, against Gallan Maxwell, the British human trafficker accused
of soliciting the underage girls for Epstein's sexual pleasure were unsealed.
Among the trove of documents was a twenty and sixteen
deposition of robbers. In it, she claimed that Dubin was
the first person besides Epstein she was forced to have
sex with in two thousand and one. Not me saying it,
that's Virginia saying it directly in court documents. So is
Glenn Dubin ever gonna have to answer for that shit?
Probably not, but he should have to. The Dubins broke
off with Epstein after his recent arrest, publicly denouncing him. Yeah, okay, sure.
Glenn and Eva Dubin are outraged by the allegations against
them in the unsealed court records and categorically reject them.
A spokeswoman for the couple told Institutional Investor on Saturday, well,
we all know the story of the Dubins at this point, right,
But this morning's update was more of a hammer at
home type of deal. I want you all to understand
how important the financial aspect is, and not just in
this case, any crime, really, any kind of huge, gigantic
criminal enterprise. If you don't chase the money, then you're
not really pursuing the case, and when we talk about
what's going on here, sure they were pursuing Golen Maxwell,
but are they really pursuing the overall case anymore? And
until I see some kind of movement that indicates that
there's a robust investigation here, forensic accountants have been deployed,
then I have to think that they're just obfuscating and
stalling for more time, hopefully hoping that people will forget
about it. But the reality is this, everybody that was
involved here needs to be held accountable. And if you
want to really start holding people accountable, well you all
know the deal, follow the money, all right, folks, that's
gonna do it. Obviously, more is certainly on the way
today and then tonight obviously be back with the evening update.
If you'd like to contact me, you can do that
at Bobby Capuci at ProtonMail dot com. That's bo B
B y c A p U C c I at
ProtonMail dot com. You can also find me on Twitter
at b O B B y underscore c A p
U C c I. The link that we discussed can
be found in the description box. All Right,