Epstein ‘offered to help former Barclays boss get daughter into top US university’

Last week, JPMorgan agreed to pay $US290 million ($423 million) to settle a lawsuit alleging that the bank knowingly benefited from its former client Jeffrey Epstein’s sex-trafficking.

The US bank said it had reached an agreement in principle to settle the proposed class action launched by an unidentified Epstein victim late last year.

JPMorgan is still facing a similar lawsuit brought by the US Virgin Islands (USVI), where the financier had a private retreat where he brought several of his victims.

Unsealed emails allege that Staley drank white wine in a hot tub on Epstein’s private Caribbean island while the financier was under house arrest for child sex offences.

The US bank is also still pursuing its own case against Staley. It has said Staley should be held responsible for any damages it incurs over its ties to Epstein as he managed the bank’s relationship with the paedophile financier during his time there.

Epstein was a client of JPMorgan’s for 15 years until 2013, including a period following his 2008 child sex conviction.

The ongoing USVI lawsuit against JPMorgan has claimed that Epstein’s behaviour was so widely known at JP Morgan that senior bankers joked about his interest in young girls.

Staley had a personal relationship with Epstein when he was a client of the bank and visited the late paedophile on his Caribbean island.

Unsealed emails allege that Staley drank white wine in a hot tub on Epstein’s private Caribbean island while the financier was under house arrest for child sex offences.

Although both legal claims cite Staley’s relationship with the disgraced financier to argue that JPMorgan knew about the sex trafficking, neither names the former bank chief as a defendant.

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Staley has repeatedly denied knowledge of Epstein’s sexual abuse.

A spokesman for Columbia University said: “There was no meeting between the president and Staley. Nor did the president know Epstein, then or later. There is no factual basis for these assertions.”

JPMorgan declined to comment. A lawyer for Staley was contacted for comment.

Last week, JPMorgan said: “We all now understand that Epstein’s behaviour was monstrous, and we believe this settlement is in the best interest of all parties, especially the survivors, who suffered unimaginable abuse at the hands of this man.

“Any association with him was a mistake, and we regret it. We would never have continued to do business with him if we believed he was using our bank in any way to help commit heinous crimes.”

Telegraph, UK

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