Former JP Morgan boss fought to keep Jeffrey Epstein as client
It turns out financial red flags are remarkably easy to ignore when you consider the client family.
Congress just hauled former JP Morgan executive Jes Staley in for a chat, and the details are as absurd as expected. While bank compliance was practically screaming about red flags regarding Jeffrey Epstein, Staley was actively pulling strings behind the scenes to keep the disgraced financier on the books.
Over a thousand emails reveal a friendship so cozy Staley literally referred to Epstein as family. Lawmakers even grilled him about asking Epstein to set him up with women. When asked under oath to describe those encounters, he suddenly developed a convenient case of amnesia and could not recall a single detail.
He eventually moved on to become CEO of Barclays, only to get booted, banned from the British banking industry, and forced to forfeit $24 million in pay for lying about his ties.
Corporate loyalty hits different when it comes with a 24-million-dollar price tag and a permanent industry ban.
Source: CNBC
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