Speaker 1: What's up, everyone, and welcome back to the Epstein Chronicles.
In a recent episode, we were talking about how much
money David Boys and his legal firm have brought in
for their work when it comes to going after Jeffrey
Epstein and his assets, and we learned that the price
of admission to play ball with a guy like David
Boys is about twenty one hundred dollars an hour. Well,
now we're learning that JP Morgan has racked up more
than fourteen million dollars in legal fees so far as
they try and battle their way out from underneath these allegations.
And what that signals to me is that they're in
it for the long haul. They're not going to settle
with the United States Virgin Islands, and they're gonna do
everything in their power to make sure that jess Day
is on the hook for paying these bills. Now, are
they going to be successful doing that, I don't know,
but they certainly have a game plan here and they've
been sticking to it ever since these allegations against them
were unleashed by the United States Virgin Islands. So it's
gonna be very interesting to see what their strategy is
going forward. But one thing I'm pretty sure of is
that JP Morgan has zero desire to enter into a
settlement with the United States Virgin Islands. They feel like
the US Virgin Islands is as complicit, if not more so,
than them themselves. So they feel like they shouldn't have
to pay one single cent to the US Virgin Islands,
especially after they just came out of the pocket to
the tune of two hundred and ninety million dollars to
the survivors. Now, if anyone's getting any money, I don't
know how much more clear I have to be about this.
It should be the survivors, nobody else. All these other
clowns that are getting richier, all these other clowns that
have had their handout the whole time, they could all
go get stuffed. Today's article is from CNBC headline JP
Morgan legal fees and Jeffrey Epstein's sex trafficking case near
fourteen million, former executive reveals. This article was authored by
Kevin Brunneger. JP Morgan Chase has racked up nearly fourteen
million dollars in legal fees defending itself against two lawsuits
alleging that it abetted the sex trafficking by its longtime customer,
Jeffrey Epstein, according to lawyers for a former top executive
who says he is being scapegoated by the huge bank,
and that's been Jess Staley's line this whole run. Hey, look,
I'm being scapegoated. It's all the bank's fault. I had
nothing to do with any of this. Meanwhile, this dude's
over dipping his nuts in Jeffrey Epstein's pool. But yeah,
you guys aren't close, You dudes aren't tight. All of
those emails just a figment of all of our imagination.
That's basically what Jess Staley's trying to tell everybody that
it wasn't his fault that he was hanging out with Epstein,
that somehow that was JP Morgan's fault as well. Look,
everybody's culpable here, from Jess Staley to JP Morgan, all
the way down to the US Virgin Islands. Attorneys for
the former JP Morgan executive Jess Staley, revealed the fee
total in a late filing on Wednesday in US District
Court in Manhattan. Staley's filing was later removed from public
view on the court docket on Thursday. His lawyers filed
a new version of the document that redacted the reference
to the bank's legal fees, So there it is. The
issue was that they had the actual fee on the filing,
and according to the court, that was not what they
should have been doing. So the court prompted them to
go back and refile their documents. So they had to
go back, revise it, and refile it. But as you
all know, once something's posted on the internet, forget it.
There's no going back in fixing that. The filing challenge
is JP Morgan's use of three financial experts to support
its legal claims that Staley, a former friend of Epstein,
should be responsible for paying the bank hundreds of millions
of dollars to cover costs related to the lawsuits. Staley's
lawyers did not immediately reply for a request for comment. Yeah,
that's not shocking. That's been their mo throughout this whole thing,
and it's probably the best course of action for them.
No need to talk to the media, no need to
bring this story up more than it's already been brought up,
and let's just keep it moving. And that's been the
game plan for Jess Staley's lawyers since these allegations were
brought to light. JP Morgan spokeswoman Patricia Wexler declined to
comment on the bank's purported legal costs from the suit,
but in a statement to see NBC, Wexler noted, both
plaintiffs have accused jess of unspeakable acts that had nothing
to do with his job or responsibilities at our firm. Indeed,
Jane Doe herself health has directly accused him of horrific
sexual misconduct. If these allegations are true, he must be
held accountable, said Wexler, using the pseudonym for the plaintiff
in one of the suits. JP Morgan was sued last
year by Doe in a would be class action case
on behalf of herself and other young women who were
trafficked by the late money manager Epstein. Money manager, you
mean pedophile, you mean rapist, you mean complete and utter
piece of garbage. That's what you mean, right. The bank
separately was sued by the government of the US Virgin Islands,
where Epstein had maintained a residence on a private island
where he sexually abused women. And remember down in the
US Virgin Islands, everybody knew, including people working at the airport.
But the politicians, all of these elected officials, they had
no idea, that's what they're telling you. Keep that in mind.
Both suits claim that the bank facilitated and profited from
Epstein's trafficking of women when he was a customer from
nineteen ninety eight through twenty thirteen. A lawyer for the
Virgin Islands during a court hearing this month, said that
after Epstein killed himself allegedly in twenty nineteen, JP Morgan
notified the Treasury Department of more than one billion in
transactions related to human trafficking by Epstein dating back sixteen years.
JP Morgan in July agreed to pay two hundred and
ninety million dollars to survivors of Epstein to settle the
first lawsuit. And imagine being JP Morgan and waiting for
this dude to die to report that other money. What
an absolute joke. So everybody here should be clipped. Everybody
should have to pay through their nose. And I don't
want to hear that Jess Staley is the reason all
of this happened. Oh, sure, he's a cog in the machine,
but it doesn't start and stop with Jess Staley. But
the bank, which denies any wrongdoing, is continuing to fight
the suit by the Virgin Islands. The case is set
to begin in trial in late October, and Judge Rakoff
has been very, very very adamant that this trial is
going to kick off on time. He's not looking for
any delays here, He's not looking for any bs. He
wants this trial to get going. He wants it to
kick off, and he wants to get things moving. In March,
JP Morgan sued Stale, its former chief of investment banking,
alleging that he is legally responsible for the entire amount
of any damages it incurs from both lawsuits. The bank
is also seeking to claw back more than eighty million
dollars in compensation it paid to Staley over the years. Staley,
sixty six, is opposing the bank's claim. He has also
denied navigation made by Doe that he sexually assaulted her.
In their filing on Wednesday, Staley's lawyers wrote, the one
constant in these related cases has been JP Morgan's attempt
to paint the entire of its problems with Jeffrey Epstein
on its former executive Jeff Staley. Consistent with this theme,
the three experts whom the bank has retained to support
its third party claims against mister Staley, are focused on
a single question. How much should mister Staley have to pay,
the filing, said one expert, The accountant Edith Wong, said
JP Morgan's two hundred and ninety million dollars settlement was reasonable,
the filing said, and Shelley Chapman, a retired bankruptcy judge,
opines that JP Morgan's thirteen point eight million in legal
fees in the Jane Doe and USVII cases was reasonable,
according to Staley's filing, maybe reasonable for people like you,
What about the rest of us? So this is the
price of justice. Let me just go to the couch
and get my fourteen million so I can pay my lawyer.
The third expert, an accountant named Carlin Irwin, added up
how much Stale earned at JP Morgan to assess how
much might be clawed back by the bank if it
wins its suit against Staley. Staley's lawyers wrote that none
of these experts opinions meets a standard for the admissibility
of an expert opinion in federal court. JP Morgan is
being represented by an attorney from the law firm Wilmer Hill,
including partner Felicia Ellsworth, who in twenty twenty co edited
an updated legal guide on human trafficking for attorneys to
represent victims and continue to make a difference. The firm's
website includes a statement on modern slavery, declaring we do
not tolerate slavery, human trafficking, or abusive or unfair treatment
in any part of our business or in any part
of our supply chain. Meanwhile, they're here defending JP Morgan.
Makes a lot of sense considering what JP Morgan's alleged
to have been involved in. But it's all about the
mighty dollar, right. There's no honor when we're talking about
millions and millions of dollars. People will suspend their good sense,
people will suspend their morality. Nothing matters. All that matters
is collecting that bag. All that matters is more money. Epstein,
a former friend of Donald Trump and Bill Clinton and
George Mitchell and Bill Richardson, killed himself in a New
York jail, allegedly at age sixty six in August of
twenty nineteen, a month after he was arrested on federal
sex trafficking charges. Well, folks, the price of justice saying
cheap is it? And if you don't have a bunch
of dove, forget finding yourself one of these high profile attorneys,
because you see the price tag. And when I talk
about a two tier justice system, this is exactly what
I'm talking about. People like this, well, they're playing in
a whole different stratosphere than the rest of us. And
for companies like JP Morgan and people like Jess Stay,
there's nothing that money can't buy. All right, folks, that's
gonna do it for that one. If you'd like to
contact me, you can do that at Bobby Kopuchi at
ProtonMail dot com. That's b O B B y C
A p U C C I at ProtonMail dot com.
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