One bank executive even visited Epstein in jail.
Despite knowing the reputational risks of doing business with Jeffrey Epstein, a high-ranking JPMorgan executive intervened to keep him as a client in order to access his network of the uber-wealthy and famous, according to aJPMorgan reviewed its client roster ten years ago and determined it should remove Epstein after a review of his accounts were found to be “potentially problematic.”
The bank made the removal decision after Epstein began serving time in a Florida jail and registered as a sex offender. The executive, Mary Erdoes, allegedly reversed the bank’s decision, since Epstein helped recruit new, mega-rich clients to JPMorgan’s elite private-banking division.suggests that Erdoes was doing Staley’s bidding; he maintained a solid relationship with Epstein.
JPMorgan and Epstein parted ways in 2013, at which point the registered sex offender moved his money toBillionaire retail magnate Leslie Wexner was a JPMorgan client well before Epstein joined the bank. Wexner admitted in a letter Wednesday that Epsteinhas been under scrutiny since a 2007 federal sex crimes indictment, alleging he sexually abused dozens of underage girls, resulted in a lenient Florida plea deal.
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