JPMorgan sues former exec over ties to Epstein sex abuse

WITH HOW TODAY’S SENTENCE WAS REACHED TERRY ELAINE MAXWELL WHO ALL HER LIFE ENJOYED INCREDIBLE WEALTH AND A JET SETTING LIFESTYLE WITH THE RICH AND POWERFUL HAS JUST LEARNED. SHE WILL SPEND THE NEXT TWO DECADES. IN PRISON FOR HER ROLE IN JEFFREY EPSTEIN’S SEX SCHEMES DRESSED IN PRISON SCRUBS GALENE MAXWELL LUTHER BRIEFLY TO THE SIDE WHEN THE JUDGE ANNOUNCED HER 20-YEAR SENTENCE, BUT OTHERWISE DID NOT REACT JUDGE ALLISON NATHAN DESCRIBING MAXWELL’S CRIMES AS HEINOUS AND PREDATORY SAYING MAXWELL NORMALIZED JEFFREY EPSTEIN’S ABUSE OF YOUNG GIRLS BY REASSURING AND GROOMING THEM ONE OF THE SEVERAL VICTIMS TO SPEAK IN COURT. ANY FORMER SAID WE WILL CONTINUE TO LIVE WITH THE ARM SHE CAUSED US? IN MAXWELL SPOKE. SHE SAID IT WAS THE GREATEST REGRET OF MY LIFE THAT I EVER MET JEFFREY EPSTEIN CALLING HIM A MANIPULATIVE CUNNING AND CONTROLLING MAN WHO LIVED A PROFOUNDLY COMPARTMENTALIZED LIFE. MAXWELL WHO HAS DENIED ANY WRONGDOING CLAIMED HER ONE-TIME BOYFRIEND EPSTEIN MANIPULATED HER AS WELL AS THE VICTIMS BUT PROSECUTORS WHO WANTED A SENTENCE OF AT LEAST 30 YEARS SAID MAXWELL HAS NEVER SHOWN REMORSE FOR RECRUITING GIRLS AS YOUNG AS 14 INTO EPSTEIN’S HORRIFYING SEX TRAFFICKING RING TELLING THE JUDGE THEY PARTNERS IN CRIME TOGETHER AND THEY MOLESTED THESE KIDS TOGETHER. MAXWELL SAYS SHE HOPES HER CONVICTION WILL BRING THE VICTIM SOME MEASURE OF PEACE AND FINALITY. MAXWELL’S ATTORNEY SAID AFTER THE SENTENCING THEY DO PLAN TO APPEAL WITH TIME OFF FOR THE TWO YEARS. SHE HAS ALREADY SPENT BEHIND BARS MAXWELL BEING HER LATE 70S BEFO

Updated: 6:09 AM CST Mar 9, 2023

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JPMorgan sues former exec over ties to Epstein sex abuse

Updated: 6:09 AM CST Mar 9, 2023

Editorial Standards ⓘ

JPMorgan Chase sued its former executive Jes Staley on Wednesday, alleging that he aided in hiding Jeffrey Epstein’s yearslong sex abuse and trafficking in order to keep the financier as a client.Video above: Ghislaine Maxwell sentenced to 20 years in prison for Epstein sex-trafficking caseThe New York bank seeks to hold Staley personally liable for any financial penalties that JPMorgan may have to pay in two related cases. It is also seeking to force Staley to pay back wages he earned during the time he allegedly was aware of the abuse and “personally observed” Epstein's behavior on multiple occasions.“In light of Staley’s intentional and outrageous conduct in failing to disclose pertinent information and abandoning (JPMorgan’s) interests in favor of his own and Epstein’s personal interests, (the bank) is entitled to punitive damages,” the bank said in its lawsuit.A lawyer for Staley had no comment on the lawsuit. JPMorgan's lawsuit was filed after the bank was sued by the government of the U.S. Virgin Islands, as well as by a woman identified as Jane Doe, who was allegedly abused by Epstein. Those lawsuits claim JPMorgan should have seen evidence of Epstein's sex trafficking and knowingly benefited from it.Previous lawsuits have shown Staley and Epstein exchanged hundreds of emails and text messages over the years, and they were seen to have a close relationship that went beyond the professional relationship a banker would have with a wealthy client.The bank continues to deny the allegations in its lawsuit, however it appears to allege that Staley may have committed sexual assault. It notes in its lawsuit that the anonymous Doe described a “powerful financial executive” could “use his clout within JP Morgan to make Epstein untouchable.” The bank says that the financial executive was Staley.Epstein was arrested in 2019 on federal charges accusing him of paying underage girls hundreds of dollars in cash for massages and then molesting them at his homes in Florida and New York. He was found dead in jail on Aug. 10 of that year, at age 66. A medical examiner ruled his death a suicide.Staley left JPMorgan in 2013 to become CEO of London-based bank Barclays. He resigned last year following a report by British regulators into his past links with Epstein.____AP Business Writer Barbara Ortutay contributed to this report from San Francisco.

NEW YORK —

JPMorgan Chase sued its former executive Jes Staley on Wednesday, alleging that he aided in hiding Jeffrey Epstein’s yearslong sex abuse and trafficking in order to keep the financier as a client.

Video above: Ghislaine Maxwell sentenced to 20 years in prison for Epstein sex-trafficking case

The New York bank seeks to hold Staley personally liable for any financial penalties that JPMorgan may have to pay in two related cases. It is also seeking to force Staley to pay back wages he earned during the time he allegedly was aware of the abuse and “personally observed” Epstein's behavior on multiple occasions.

“In light of Staley’s intentional and outrageous conduct in failing to disclose pertinent information and abandoning (JPMorgan’s) interests in favor of his own and Epstein’s personal interests, (the bank) is entitled to punitive damages,” the bank said in its lawsuit.

A lawyer for Staley had no comment on the lawsuit.

JPMorgan's lawsuit was filed after the bank was sued by the government of the U.S. Virgin Islands, as well as by a woman identified as Jane Doe, who was allegedly abused by Epstein. Those lawsuits claim JPMorgan should have seen evidence of Epstein's sex trafficking and knowingly benefited from it.

Previous lawsuits have shown Staley and Epstein exchanged hundreds of emails and text messages over the years, and they were seen to have a close relationship that went beyond the professional relationship a banker would have with a wealthy client.

The bank continues to deny the allegations in its lawsuit, however it appears to allege that Staley may have committed sexual assault. It notes in its lawsuit that the anonymous Doe described a “powerful financial executive” could “use his clout within JP Morgan to make Epstein untouchable.” The bank says that the financial executive was Staley.

Epstein was accusing him of paying underage girls hundreds of dollars in cash for massages and then molesting them at his homes in Florida and New York. He was found dead in jail on Aug. 10 of that year, at age 66. A medical examiner ruled his death a suicide.

Staley left JPMorgan in 2013 to become CEO of London-based bank Barclays. He resigned last year following a report by British regulators into his past links with Epstein.

____

AP Business Writer Barbara Ortutay contributed to this report from San Francisco.

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