1 00:00:00,360 --> 00:00:04,120 Speaker 1: What's up, everyone, and welcome back to the Epstein Chronicles. 2 00:00:04,960 --> 00:00:07,759 In a recent episode, we were talking about how much 3 00:00:07,839 --> 00:00:11,560 money David Boys and his legal firm have brought in 4 00:00:11,839 --> 00:00:14,919 for their work when it comes to going after Jeffrey 5 00:00:14,919 --> 00:00:18,559 Epstein and his assets, and we learned that the price 6 00:00:18,640 --> 00:00:21,120 of admission to play ball with a guy like David 7 00:00:21,160 --> 00:00:25,280 Boys is about twenty one hundred dollars an hour. Well, 8 00:00:25,359 --> 00:00:29,000 now we're learning that JP Morgan has racked up more 9 00:00:29,039 --> 00:00:33,000 than fourteen million dollars in legal fees so far as 10 00:00:33,039 --> 00:00:36,679 they try and battle their way out from underneath these allegations. 11 00:00:37,079 --> 00:00:39,520 And what that signals to me is that they're in 12 00:00:39,560 --> 00:00:42,039 it for the long haul. They're not going to settle 13 00:00:42,079 --> 00:00:44,640 with the United States Virgin Islands, and they're gonna do 14 00:00:44,719 --> 00:00:47,439 everything in their power to make sure that jess Day 15 00:00:47,840 --> 00:00:50,640 is on the hook for paying these bills. Now, are 16 00:00:50,679 --> 00:00:53,399 they going to be successful doing that, I don't know, 17 00:00:54,079 --> 00:00:57,159 but they certainly have a game plan here and they've 18 00:00:57,200 --> 00:01:00,560 been sticking to it ever since these allegations against them 19 00:01:00,759 --> 00:01:04,319 were unleashed by the United States Virgin Islands. So it's 20 00:01:04,359 --> 00:01:07,239 gonna be very interesting to see what their strategy is 21 00:01:07,280 --> 00:01:11,000 going forward. But one thing I'm pretty sure of is 22 00:01:11,040 --> 00:01:14,760 that JP Morgan has zero desire to enter into a 23 00:01:14,799 --> 00:01:18,319 settlement with the United States Virgin Islands. They feel like 24 00:01:18,359 --> 00:01:22,079 the US Virgin Islands is as complicit, if not more so, 25 00:01:22,560 --> 00:01:25,560 than them themselves. So they feel like they shouldn't have 26 00:01:25,640 --> 00:01:28,680 to pay one single cent to the US Virgin Islands, 27 00:01:29,040 --> 00:01:32,040 especially after they just came out of the pocket to 28 00:01:32,120 --> 00:01:34,760 the tune of two hundred and ninety million dollars to 29 00:01:34,840 --> 00:01:38,400 the survivors. Now, if anyone's getting any money, I don't 30 00:01:38,439 --> 00:01:40,439 know how much more clear I have to be about this. 31 00:01:41,040 --> 00:01:44,840 It should be the survivors, nobody else. All these other 32 00:01:44,920 --> 00:01:48,159 clowns that are getting richier, all these other clowns that 33 00:01:48,200 --> 00:01:50,879 have had their handout the whole time, they could all 34 00:01:50,920 --> 00:01:56,840 go get stuffed. Today's article is from CNBC headline JP 35 00:01:56,959 --> 00:02:00,680 Morgan legal fees and Jeffrey Epstein's sex trafficking case near 36 00:02:00,840 --> 00:02:07,000 fourteen million, former executive reveals. This article was authored by 37 00:02:07,120 --> 00:02:12,159 Kevin Brunneger. JP Morgan Chase has racked up nearly fourteen 38 00:02:12,199 --> 00:02:16,479 million dollars in legal fees defending itself against two lawsuits 39 00:02:16,800 --> 00:02:21,400 alleging that it abetted the sex trafficking by its longtime customer, 40 00:02:21,479 --> 00:02:25,599 Jeffrey Epstein, according to lawyers for a former top executive 41 00:02:25,879 --> 00:02:29,599 who says he is being scapegoated by the huge bank, 42 00:02:30,000 --> 00:02:34,479 and that's been Jess Staley's line this whole run. Hey, look, 43 00:02:34,560 --> 00:02:37,800 I'm being scapegoated. It's all the bank's fault. I had 44 00:02:37,840 --> 00:02:40,680 nothing to do with any of this. Meanwhile, this dude's 45 00:02:40,719 --> 00:02:45,039 over dipping his nuts in Jeffrey Epstein's pool. But yeah, 46 00:02:45,080 --> 00:02:48,560 you guys aren't close, You dudes aren't tight. All of 47 00:02:48,599 --> 00:02:51,719 those emails just a figment of all of our imagination. 48 00:02:52,120 --> 00:02:55,400 That's basically what Jess Staley's trying to tell everybody that 49 00:02:55,479 --> 00:02:57,879 it wasn't his fault that he was hanging out with Epstein, 50 00:02:58,120 --> 00:03:01,599 that somehow that was JP Morgan's fault as well. Look, 51 00:03:01,680 --> 00:03:06,599 everybody's culpable here, from Jess Staley to JP Morgan, all 52 00:03:06,639 --> 00:03:10,000 the way down to the US Virgin Islands. Attorneys for 53 00:03:10,039 --> 00:03:13,719 the former JP Morgan executive Jess Staley, revealed the fee 54 00:03:13,759 --> 00:03:17,439 total in a late filing on Wednesday in US District 55 00:03:17,520 --> 00:03:22,120 Court in Manhattan. Staley's filing was later removed from public 56 00:03:22,199 --> 00:03:26,599 view on the court docket on Thursday. His lawyers filed 57 00:03:26,639 --> 00:03:29,879 a new version of the document that redacted the reference 58 00:03:29,960 --> 00:03:33,599 to the bank's legal fees, So there it is. The 59 00:03:33,680 --> 00:03:37,360 issue was that they had the actual fee on the filing, 60 00:03:37,759 --> 00:03:40,560 and according to the court, that was not what they 61 00:03:40,560 --> 00:03:43,879 should have been doing. So the court prompted them to 62 00:03:43,960 --> 00:03:47,599 go back and refile their documents. So they had to 63 00:03:47,639 --> 00:03:50,840 go back, revise it, and refile it. But as you 64 00:03:50,919 --> 00:03:53,879 all know, once something's posted on the internet, forget it. 65 00:03:53,919 --> 00:03:58,199 There's no going back in fixing that. The filing challenge 66 00:03:58,240 --> 00:04:02,319 is JP Morgan's use of three financial experts to support 67 00:04:02,319 --> 00:04:05,960 its legal claims that Staley, a former friend of Epstein, 68 00:04:06,240 --> 00:04:09,719 should be responsible for paying the bank hundreds of millions 69 00:04:09,719 --> 00:04:14,240 of dollars to cover costs related to the lawsuits. Staley's 70 00:04:14,280 --> 00:04:18,720 lawyers did not immediately reply for a request for comment. Yeah, 71 00:04:18,720 --> 00:04:22,079 that's not shocking. That's been their mo throughout this whole thing, 72 00:04:22,399 --> 00:04:25,600 and it's probably the best course of action for them. 73 00:04:25,959 --> 00:04:28,120 No need to talk to the media, no need to 74 00:04:28,120 --> 00:04:30,839 bring this story up more than it's already been brought up, 75 00:04:31,439 --> 00:04:33,879 and let's just keep it moving. And that's been the 76 00:04:33,920 --> 00:04:37,879 game plan for Jess Staley's lawyers since these allegations were 77 00:04:37,920 --> 00:04:42,959 brought to light. JP Morgan spokeswoman Patricia Wexler declined to 78 00:04:42,959 --> 00:04:46,000 comment on the bank's purported legal costs from the suit, 79 00:04:46,759 --> 00:04:50,360 but in a statement to see NBC, Wexler noted, both 80 00:04:50,399 --> 00:04:54,279 plaintiffs have accused jess of unspeakable acts that had nothing 81 00:04:54,319 --> 00:04:59,079 to do with his job or responsibilities at our firm. Indeed, 82 00:04:59,240 --> 00:05:02,720 Jane Doe herself health has directly accused him of horrific 83 00:05:02,800 --> 00:05:06,920 sexual misconduct. If these allegations are true, he must be 84 00:05:06,959 --> 00:05:10,759 held accountable, said Wexler, using the pseudonym for the plaintiff 85 00:05:11,000 --> 00:05:14,120 in one of the suits. JP Morgan was sued last 86 00:05:14,160 --> 00:05:17,879 year by Doe in a would be class action case 87 00:05:18,160 --> 00:05:21,160 on behalf of herself and other young women who were 88 00:05:21,160 --> 00:05:25,240 trafficked by the late money manager Epstein. Money manager, you 89 00:05:25,279 --> 00:05:28,560 mean pedophile, you mean rapist, you mean complete and utter 90 00:05:28,560 --> 00:05:32,199 piece of garbage. That's what you mean, right. The bank 91 00:05:32,279 --> 00:05:35,759 separately was sued by the government of the US Virgin Islands, 92 00:05:35,959 --> 00:05:39,319 where Epstein had maintained a residence on a private island 93 00:05:39,600 --> 00:05:42,759 where he sexually abused women. And remember down in the 94 00:05:42,839 --> 00:05:47,160 US Virgin Islands, everybody knew, including people working at the airport. 95 00:05:47,480 --> 00:05:50,800 But the politicians, all of these elected officials, they had 96 00:05:50,800 --> 00:05:54,000 no idea, that's what they're telling you. Keep that in mind. 97 00:05:54,800 --> 00:05:59,160 Both suits claim that the bank facilitated and profited from 98 00:05:59,240 --> 00:06:02,639 Epstein's trafficking of women when he was a customer from 99 00:06:02,759 --> 00:06:06,680 nineteen ninety eight through twenty thirteen. A lawyer for the 100 00:06:06,720 --> 00:06:09,959 Virgin Islands during a court hearing this month, said that 101 00:06:10,040 --> 00:06:15,040 after Epstein killed himself allegedly in twenty nineteen, JP Morgan 102 00:06:15,279 --> 00:06:18,480 notified the Treasury Department of more than one billion in 103 00:06:18,519 --> 00:06:24,680 transactions related to human trafficking by Epstein dating back sixteen years. 104 00:06:25,160 --> 00:06:28,240 JP Morgan in July agreed to pay two hundred and 105 00:06:28,360 --> 00:06:32,120 ninety million dollars to survivors of Epstein to settle the 106 00:06:32,160 --> 00:06:35,639 first lawsuit. And imagine being JP Morgan and waiting for 107 00:06:35,680 --> 00:06:38,680 this dude to die to report that other money. What 108 00:06:38,800 --> 00:06:43,199 an absolute joke. So everybody here should be clipped. Everybody 109 00:06:43,240 --> 00:06:45,759 should have to pay through their nose. And I don't 110 00:06:45,800 --> 00:06:48,160 want to hear that Jess Staley is the reason all 111 00:06:48,199 --> 00:06:51,639 of this happened. Oh, sure, he's a cog in the machine, 112 00:06:52,000 --> 00:06:55,680 but it doesn't start and stop with Jess Staley. But 113 00:06:55,839 --> 00:06:59,600 the bank, which denies any wrongdoing, is continuing to fight 114 00:06:59,639 --> 00:07:02,959 the suit by the Virgin Islands. The case is set 115 00:07:03,000 --> 00:07:07,240 to begin in trial in late October, and Judge Rakoff 116 00:07:07,439 --> 00:07:10,560 has been very, very very adamant that this trial is 117 00:07:10,600 --> 00:07:13,079 going to kick off on time. He's not looking for 118 00:07:13,120 --> 00:07:16,040 any delays here, He's not looking for any bs. He 119 00:07:16,120 --> 00:07:18,319 wants this trial to get going. He wants it to 120 00:07:18,399 --> 00:07:22,199 kick off, and he wants to get things moving. In March, 121 00:07:22,319 --> 00:07:26,279 JP Morgan sued Stale, its former chief of investment banking, 122 00:07:26,639 --> 00:07:30,279 alleging that he is legally responsible for the entire amount 123 00:07:30,600 --> 00:07:34,920 of any damages it incurs from both lawsuits. The bank 124 00:07:35,000 --> 00:07:37,839 is also seeking to claw back more than eighty million 125 00:07:37,879 --> 00:07:43,000 dollars in compensation it paid to Staley over the years. Staley, 126 00:07:43,160 --> 00:07:46,639 sixty six, is opposing the bank's claim. He has also 127 00:07:46,759 --> 00:07:50,759 denied navigation made by Doe that he sexually assaulted her. 128 00:07:51,360 --> 00:07:54,920 In their filing on Wednesday, Staley's lawyers wrote, the one 129 00:07:55,000 --> 00:07:59,120 constant in these related cases has been JP Morgan's attempt 130 00:07:59,240 --> 00:08:02,480 to paint the entire of its problems with Jeffrey Epstein 131 00:08:02,800 --> 00:08:07,199 on its former executive Jeff Staley. Consistent with this theme, 132 00:08:07,360 --> 00:08:10,040 the three experts whom the bank has retained to support 133 00:08:10,279 --> 00:08:13,800 its third party claims against mister Staley, are focused on 134 00:08:13,839 --> 00:08:17,639 a single question. How much should mister Staley have to pay, 135 00:08:17,959 --> 00:08:22,480 the filing, said one expert, The accountant Edith Wong, said 136 00:08:22,560 --> 00:08:26,519 JP Morgan's two hundred and ninety million dollars settlement was reasonable, 137 00:08:26,680 --> 00:08:31,759 the filing said, and Shelley Chapman, a retired bankruptcy judge, 138 00:08:31,759 --> 00:08:35,840 opines that JP Morgan's thirteen point eight million in legal 139 00:08:35,879 --> 00:08:40,559 fees in the Jane Doe and USVII cases was reasonable, 140 00:08:40,840 --> 00:08:45,200 according to Staley's filing, maybe reasonable for people like you, 141 00:08:45,639 --> 00:08:48,519 What about the rest of us? So this is the 142 00:08:48,559 --> 00:08:51,600 price of justice. Let me just go to the couch 143 00:08:51,840 --> 00:08:54,600 and get my fourteen million so I can pay my lawyer. 144 00:08:55,320 --> 00:08:59,279 The third expert, an accountant named Carlin Irwin, added up 145 00:08:59,320 --> 00:09:02,279 how much Stale earned at JP Morgan to assess how 146 00:09:02,360 --> 00:09:04,720 much might be clawed back by the bank if it 147 00:09:04,759 --> 00:09:09,080 wins its suit against Staley. Staley's lawyers wrote that none 148 00:09:09,159 --> 00:09:13,159 of these experts opinions meets a standard for the admissibility 149 00:09:13,159 --> 00:09:17,720 of an expert opinion in federal court. JP Morgan is 150 00:09:17,759 --> 00:09:21,240 being represented by an attorney from the law firm Wilmer Hill, 151 00:09:21,600 --> 00:09:26,200 including partner Felicia Ellsworth, who in twenty twenty co edited 152 00:09:26,399 --> 00:09:30,279 an updated legal guide on human trafficking for attorneys to 153 00:09:30,399 --> 00:09:34,919 represent victims and continue to make a difference. The firm's 154 00:09:34,919 --> 00:09:38,679 website includes a statement on modern slavery, declaring we do 155 00:09:38,759 --> 00:09:43,600 not tolerate slavery, human trafficking, or abusive or unfair treatment 156 00:09:43,879 --> 00:09:46,919 in any part of our business or in any part 157 00:09:47,120 --> 00:09:51,159 of our supply chain. Meanwhile, they're here defending JP Morgan. 158 00:09:51,320 --> 00:09:54,440 Makes a lot of sense considering what JP Morgan's alleged 159 00:09:54,440 --> 00:09:56,960 to have been involved in. But it's all about the 160 00:09:57,039 --> 00:10:00,600 mighty dollar, right. There's no honor when we're talking about 161 00:10:00,639 --> 00:10:04,399 millions and millions of dollars. People will suspend their good sense, 162 00:10:04,600 --> 00:10:09,399 people will suspend their morality. Nothing matters. All that matters 163 00:10:09,480 --> 00:10:14,480 is collecting that bag. All that matters is more money. Epstein, 164 00:10:14,559 --> 00:10:16,960 a former friend of Donald Trump and Bill Clinton and 165 00:10:17,039 --> 00:10:20,360 George Mitchell and Bill Richardson, killed himself in a New 166 00:10:20,440 --> 00:10:23,720 York jail, allegedly at age sixty six in August of 167 00:10:23,759 --> 00:10:27,759 twenty nineteen, a month after he was arrested on federal 168 00:10:27,879 --> 00:10:32,440 sex trafficking charges. Well, folks, the price of justice saying 169 00:10:32,519 --> 00:10:34,759 cheap is it? And if you don't have a bunch 170 00:10:34,759 --> 00:10:38,679 of dove, forget finding yourself one of these high profile attorneys, 171 00:10:39,440 --> 00:10:42,080 because you see the price tag. And when I talk 172 00:10:42,120 --> 00:10:45,080 about a two tier justice system, this is exactly what 173 00:10:45,120 --> 00:10:48,480 I'm talking about. People like this, well, they're playing in 174 00:10:48,519 --> 00:10:51,600 a whole different stratosphere than the rest of us. And 175 00:10:51,759 --> 00:10:55,200 for companies like JP Morgan and people like Jess Stay, 176 00:10:55,720 --> 00:10:59,360 there's nothing that money can't buy. All right, folks, that's 177 00:10:59,360 --> 00:11:01,200 gonna do it for that one. If you'd like to 178 00:11:01,240 --> 00:11:04,120 contact me, you can do that at Bobby Kopuchi at 179 00:11:04,159 --> 00:11:07,679 ProtonMail dot com. That's b O B B y C 180 00:11:07,759 --> 00:11:12,480 A p U C C I at ProtonMail dot com. 181 00:11:12,519 --> 00:11:15,200 All of the information that goes with this episode can 182 00:11:15,240 --> 00:11:17,320 be found in the description box.