• A report revealed new particulars on Jeffrey Epstein’s private ties with ex-JPMorgan exec Jes Staley.
• Epstein provided to assist Staley’s daughter apply to Columbia, the Wall Road Journal reported.
• JPMorgan is in a authorized battle with the US Virgin Islands over the financial institution’s ties to Epstein.

Jeffrey Epstein provided to assist former JPMorgan govt Jes Staley’s daughter nab an acceptance to one among Columbia College’s doctorate applications, in accordance with a report by The Wall Road Journal.

JPMorgan reviewed its ties to Jeffrey Epstein, who was a consumer of the financial institution for years, in 2019 and produced a 22-page doc seen by The Journal. The report make clear Epstein’s shut private relationship with Staley, who labored at JPMorgan for over 30 years and was head of its non-public banking arm.

Epstein provided to attach Staley with Columbia College’s president on the Davos World Financial Discussion board in 2011, the report stated, in accordance with The Journal. Epstein additionally reportedly provided to get in contact with numerous college officers to assist one among his daughters apply to graduate applications.

The report stated the 2 exchanged a whole lot of emails over time of their relationship. It additionally claimed that Epstein usually gave private and enterprise recommendation to Staley, together with organising conferences with senior officers in international governments.

The report was ready after Epstein was arrested in 2019 for intercourse trafficking prices. He died days later in an obvious suicide whereas in custody and awaiting trial. 

JPMorgan is in an ongoing authorized battle over its ties to Epstein. The US Virgin Islands — the place Epstein owned Little Saint James Island — is suing the financial institution, alleging it ignored pink flags in Epstein’s funds that indicated his crimes as a result of he boosted enterprise by bringing excessive internet price connections as purchasers.

JPMorgan didn’t instantly reply to Insider’s request for remark. It informed The Journal it could not remark past earlier statements expressing remorse for working with Epstein. Attorneys for Staley have denied the allegations in opposition to him to the Wall Road Journal. Staley’s daughter did not reply to a request for remark to The Journal.

In 2011, Staley wrote to Epstein, “You may have paid a value for what has been accused,” in accordance with an electronic mail within the report seen by The Journal. “However we all know what u have completed for us. And we depend you as one among our deepest associates. And most sincere of individuals.”

Columbia declined to offer additional remark than what it informed The Wall Road Journal, by which a college spokesman stated that there “was no assembly between the president and Staley. Nor did the president know Epstein, then or later. There is no such thing as a factual foundation for these assertions.”

The Journal additionally reported that the 2019 paperwork stated JPMorgan’s present head of asset and wealth administration, Mary Erdoes, had “common communication with Jeffrey Epstein associated to sure strategic initiatives and enterprise proposals” beginning in 2011 and there are “occasional private emails between Erdoes and Epstein interspersed.” 

An identical lawsuit between JPMorgan and an unnamed girl was settled earlier this month — the financial institution agreed to pay $290 million.