January 3, 2026 • 23 mins
Throughout its Epstein-related lawsuit against JPMorgan Chase, the U.S. Virgin Islands adopted an openly aggressive litigation posture, repeatedly hammering the bank through a series of sharply worded motions. The USVI accused JPMorgan of enabling and profiting from Jeffrey Epstein’s sex trafficking operation by ignoring obvious red flags, failing basic anti-money-laundering controls, and continuing to provide banking services long after Epstein’s criminal conduct was widely known. Motion after motion, the territory framed JPMorgan not as a passive bystander, but as a sophisticated financial institution that chose profit and client retention over compliance, survivor safety, and the law.
In this episode, we revisit those filings to show that the USVI was not merely posturing—it was methodically building a narrative of institutional failure and moral bankruptcy. By dissecting the government’s repeated attacks, we examine how the territory used discovery disputes, sanctions motions, and oppositions to expose what it described as JPMorgan’s internal awareness of Epstein’s activities and its efforts to minimize fallout rather than stop the abuse.
to contact me:
bobbycapucci@protonmail.com
Become a supporter of this podcast: https://www.spreaker.com/podcast/the-epstein-chronicles--5003294/support.
In this episode, we revisit those filings to show that the USVI was not merely posturing—it was methodically building a narrative of institutional failure and moral bankruptcy. By dissecting the government’s repeated attacks, we examine how the territory used discovery disputes, sanctions motions, and oppositions to expose what it described as JPMorgan’s internal awareness of Epstein’s activities and its efforts to minimize fallout rather than stop the abuse.
to contact me:
bobbycapucci@protonmail.com
Become a supporter of this podcast: https://www.spreaker.com/podcast/the-epstein-chronicles--5003294/support.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
What's up everyone, and welcome back to the Epstein chronicles.
According to the United States Virgin Islands JP Morgan broke
every single rule possible in their dealings with Jeffrey Epstein.
And this comes in response to JP Morgan attempting to
get the lawsuit that has been brought against it by
(00:21):
the United States Virgin Islands dropped, so the USVII they
responded on Wednesday, and this episode, that's what we're going
to talk about. So let's dive into this article from
the Saint Thomas source and let's get cracking headline. JP
Morgan broke every rule in dealings with Epstein. AG says
(00:43):
this article was authored by Seeing Cobb. JP Morgan Chase
broke every rule to facilitate Jeffrey Epstein's sex trafficking and
feed off his wealth and connections. The VI Attorney General's
Office at Wednesday in response to the bank's mode asking
that the government's lawsuit against it be dismissed. And with
(01:05):
the revelations of the Just Daily emails, I find it
highly unlikely that the court is going to dismiss this lawsuit.
Now do I think that the United States Virgin Islands
should get any more money here, I do not, But
at the same time, I'm always a big fan of
the financial sector taking it directly on the chin, and
(01:27):
all of these scumbags that were facilitating Jeffrey Epstein within
the financial sector should be called out for it. And
for those of you who have followed the podcast for
a while, you know that the financial aspect of this
is one of the biggest and most important parts of
the whole case. And that's why the federal government stayed
away from it. If they truly had a desire for
(01:50):
justice here, folks, the pathway is clear and it all
starts with Rico predicates the bank continued its relationship with
Epstein even after he became convicted sex offender in two
thousand and eight, and despite communications from its own risk
management divisions as early as two thousand and six identifying
evidence of his human trafficking. According to the government's memorandum
(02:13):
opposing JP Morgan's motion to dismiss the case, and let's
not forget that JP Morgan was also facilitating Gallay Maxwell
for all of these years. Sex trafficking was the principal
business of Epstein's accounts held by JP Morgan. N JP
Morgan profited handsomely from the hundreds of millions of dollars
(02:34):
in assets in those accounts. The memorandum alleges not only that,
but Jeffrey Epstein was bringing his stank ass friends over
to invest with JP Morgan and Jess Stally as well.
Far from the so called ordinary banking services JP Morgan
claims it provided to Epstein, JP Morgan broke every rule
(02:55):
to facilitate Epstein's sex trafficking and feed off his wealth
and connections, it says, alleging that the relationship continued until
the wealthy financiers twenty nineteen death. Imagine all of these
people out here talking all kinds of nonsense about how, oh,
we really weren't close to Jeffrey Epstein, Oh we never
(03:16):
hung out with him. Give me a break. There is
no chance in hell that if you were a mover
or a shaker in New York during the time that
Jeffrey Epstein was active, that you weren't at the very
least rubbing shoulders with him. JP Morgan, in its motion
to dismiss the suit, said, the usvii's lawsuit is a
masterclass in deflection that seeks to hold JPMC responsible for
(03:41):
not slothing out Epstein's crimes over a decade ago. Yet
USVII had access at the time to the same information
allegations and rumors about Epstein on which it alleges JPMC
should have acted. And I don't disagree with JP Morgan here.
I think that the US Virgin Islands attempting to get
(04:02):
more money out of this whole sordid, sick affair is
absolutely disgusting. But at the same time I think that
JP Morgan most certainly needs to be held to account. However,
I would have much rather preferred to see this as
a rico case so that we know it meant business.
All of this stuff we see here is all fine
(04:24):
and dandy, but it's posturing. Nobody's going to go to
prison over this. Folks, just be prepared for that. Key
to their argument is the fact that the VI government,
through its Economic Development Commission, granted Epstein lucrative tax benefits
during the same period that it is accusing JP Morgan
Chase of helping to further his sex trafficking scheme. The
(04:47):
bank intends that, having won one hundred and five million
dollars settlement in its lawsuit against Epstein's estate in November.
The VI Attorney General's Office now cast a field for
deeper pockets and as much, which is it pains me
to agree with the scumbags from JP Morgan. They're not
wrong about that. I think that the US Virgin Islands,
they're doing this for all the wrong reasons. They're doing
(05:10):
it to secure that bag. They're not looking to get justice.
A focus on CEO of private banking. Epstein, sixty six,
was found dead by apparent suicide in August twenty nineteen
in his New York City jail cell, where he was
being held on federal human trafficking charges. Those charges stemmed
from investigations into his controversial two thousand and eight non
(05:34):
prosecution agreement with federal prosecutors in Florida, under which he
pled guilty to state charges of soliciting and procuring a
minor for prostitution, despite evidence that dozens more girls were involved.
He served thirteen months in a work release program, made
payments to victims, and became a registered sex offender. Not
(05:55):
in New Mexico, though. And you know what's funny to me,
And I said it yesterday and I'll keep saying it.
You see all of these people talk about Epstein's island.
Who never really cared about Epstein before, but now they
think they're gonna make some political point. So they're out
here talking about Epstein and the island, and they're really
missing the real ship that's going by. And the ship
(06:15):
that's going by, folks, is what happened in New Mexico.
Everybody knows about the island. Everybody's focused on the island.
How come nobody is asking the hard question, what happened
to New Mexico and why was it covered up? At
the time of his death, Epstein's US Virgin Islands estate
was valued at more than five hundred and seventy seven
(06:36):
million dollars, according to court records. His primary residence was
Little Saint James, his private island off Saint Thomas, where
for years he trafficked in girls and young women and
ran a complex web of shell companies registered in the
USVII that enabled his crimes. The documents alleged, there's no
allegation of that. That's the truth. The US Virgin Islands
(06:59):
gave Jeffrey Epstein all kinds of compensation and all kinds
of love. They let him set up shop there. They
gave him tax breaks, and it's their own fault really
that he did what he did there. They could have
stopped it, but nobody in law enforcement in the United
States Virgin Islands could be bothered to do so. Now
they want to come and secure that bag. The VI
(07:24):
government's thirty four page amended complaint, filed in January after
the initial suit was filed in December, asserts claims for
JP Morgan's violations of the Trafficking Victims Protection Act or TVPA,
the Virgin Islands Criminally Influenced and Corrupt Organizations Act or SICCO,
(07:44):
and the Consumer Fraud and Deceptive Business Practices Act or CFDPBA.
If they were really this serious the offenses that were committed,
how come none of these charges are of the criminal nature?
How Come everything's about civil suit and going after a bag?
Does nobody care about fucking justice here? I'm really getting
(08:05):
tired of it, honestly. It focuses on one man, in particular,
former CEO of Private Banking, James Jess Staley, who it
says exchanged approximately twelve hundred emails with Epstein from his
JPP Morgan email account between two thousand and eight and
twenty and thirteen Staley left JP Morgan in twenty thirteen,
(08:28):
the same year the bank alleges it cut ties with Epstein,
according to the complaint, and that's just a coincidence, right,
Jess Staley leaves and then they cut ties with Epstein.
The reason they didn't cut ties with Epstein previously is
because Jess Staley was his biggest supporter, and Jess Staley
was a very very powerful man at JP Morgan. At
(08:51):
the time of Epstein's death, he was the CEO of Barclays. However,
he stepped down from that position in November twenty twenty
one after British financial regulators concluded an investigation into his
characterization of his relationship with Epstein. It says, and of
course we'll never be privy to that right the Barclay's
(09:11):
internal investigation. Fat chance we'll ever see that. Wednesday's memorandum
further details the email communications between the two men, saying
some included photos of young women in provocative poses, discussed
Epstein's provision of services to Staley during his travel to
Little Saint James and elsewhere on dates that closely corresponded
(09:33):
with Epstein's payments to the same young woman from his
JPP Morgan accounts and discussed young women or girls procured
by Epstein using the names of Disney princesses. Now remember
the article we talked about of Jeffrey Epstein on the
plane coming home from Disney World with that little girl
in his lap. Well, I don't want to go too
(09:56):
deep there, but I'll leave your minds the run wild
and the that it's going to conjure up is one
that's going to make you violently fucking ill. That was fun,
Say hi to snow White. According to the government's memorandum
on December two thousand and eight, email showed Staley planning
(10:16):
to visit Epstein in early January of two thousand and nine.
Around the time of the scheduled trip, Epstein wired two
thousand dollars from his JPP Morgan account to a woman
with an Eastern European surname. In late August two thousand
and nine, Staley emailed that he was visiting London. Epstein
asked if he needed anything, Staley replied yep Soon after,
(10:39):
JP Morgan wired three thousand dollars from an Epstein account
to the same Eastern European woman. It alleges, and we
all know that Jeffrey Epstein and his scumbag buddy Jean
Luke Brunel, who was resting in piss I hope, used
to go to Eastern Europe to find these girls to abuse.
So when I talk about those named women, that's what
(11:01):
I'm talking about as well. How many women in Europe,
Eastern Europe specifically, were preyed upon by these sick, fucking bastards.
In July twenty ten, Staley emailed Epstein saying that was
fun say hi to snow White, to which Epstein responded,
what character would you like next? And Staley said Beauty
(11:24):
and the Beast. Epstein also emailed Staley photos of young
women and seductive poses. According to the memorandum, instead of
Beauty and the Beast, what about dopey? Because that's what
you are, bro, a dopey ass motherfucker. None of the
emails between Epstein and Staley were flagged in connection with
risk reviews of Epstein's accounts, which numbered at least fifty
(11:47):
and involved large cash transactions. The amended conplaint alleges and
I'll bet you dollars to donuts that they had people
in the auditing department, meaning jet Staley and Jeffrey Epstein
that who are helping this whole entire plot along. If
this would have been a reco case, I'm telling you
right now, it would have been the most impactful recocase
(12:08):
in the history of the country. It would have brought
down some of the biggest names in banking, some of
the biggest names in business, and some of the biggest
names in politics. But unfortunately, our government doesn't have the backbone,
or the warithal or the courage to do it. Meanwhile,
throughout twenty ten. In twenty eleven, jp Morgan's Compliance and
(12:31):
security divisions were reporting evidence of Epstein's engagement in sex trafficking,
including his settlement of a dozen civil lawsuits and his
payment of one million dollars in connection with allegations he
engaged in child sex trafficking with the MC two modeling agency,
learning girls on the pretext of providing opportunities and careers.
(12:52):
The memorandum states, Yeah, they'd bring them to the building
on e sixty six telling them that they're going to
be models, and instead they'd pimp them out. In a
twenty ten internal email, it says JPP Morgan's Risk Management
division wrote of new allegations of an investigation related to
child sex trafficking. Are you still comfortable with this client
(13:14):
who is now a registered sex offender? Following the internal
reports of additional law enforcement investigations into Epstein sex trafficking
in twenty ten and twenty and eleven, JP Morgan's response
was to send Staley in twenty and eleven to obtain
Epstein's denial, on which the bank hung its hat. It alleges,
(13:35):
of course, it did just take Epstein out his word,
one of the most notorious liars in history, But let's
take him at his word. Red flags ignored Epstein. Companies
and nonprofit organizations that had accounts with JPP Morgan included
the twenty thirteen Butterfly Trust, the cote U Enterprises LLC,
(13:57):
the Couq Foundation, Enhanced Education, Financial Trust Company Incorporated, HBRK
Associates Incorporated, hyperiod Air Incorporated, Jege Incorporated, j Ege LLC, NEESLLC,
plan d LLC, Southern Financial LLC, and Southern Trust Company.
(14:20):
According to the suit, every one of those is a
money laundering washing operation, and fucking dick all has been
done about it. But you think the government doesn't know
the SDNY doesn't know. Of course they know. The Southern
Trust Company, which received lucrative tax benefits under the territory's
EEDC program, was central to the VI's government suit against
(14:43):
the Epstein Estate, which settled the matter while not admitting
any wrongdoing. Southern Trust was little more than a shell
company for Epstein's sex trafficking scheme, the government alleged, and
a second amended complaint filed in its case against the
estate just hours before the settlement was announced on November thirtieth.
As part of that settlement, the estate will refund some
(15:06):
eighty million it reaped from those tax benefits. In Wednesday's memorandum,
the government alleges that JP Morgan handled Epstein's payments even
though they had no discernible business or other legitimate purpose,
and engaged in a year's long pattern to ignore obvious
red flags and failing to demonstrate even basic due diligence
(15:29):
on Epstein's accounts, which is particularly out of the ordinary
conduct for JPP Morgan. For a customer it designated high risk,
usually the bank will drop you right away. Look at
what the bank's due to people who create content if
they have controversial material. But meanwhile Jeffrey Epstein, now we'll
(15:50):
do business with him. For example, the government alleges that Epstein,
through JPP Morgan, paid more than six hundred thousand dollars
to Jane Doe One, a woman with an Eastern European
surname who the bank's own due diligence. Reports stated Epstein
purchased at the age of fourteen. They're talking about Nadia Marsenkova,
(16:10):
one of the most tragic tales in this whole, entire
sordid story. Between nineteen ninety eight and twenty thirteen, JP
Morgan serviced approximately fifty five Epstein related accounts valued in
the hundreds of millions of dollars, and handled payments by
Epstein to at least twenty young women or girls whom
he trafficked and subjected to sexual assault in the Virgin
(16:32):
Islands and elsewhere. The memorandum states the payments had no
conceivable relationship to Epstein's stated business interests. It says Epstein
also withdrew hundreds of thousands of dollars in cash over
that time from JP Morgan accounts, especially significant as Epstein
was known to pay for massages sexual encounters with young
(16:54):
girls in cash During this time, JP Morgan also processed
payments by Epstein, totaling one and a half million dollars
to known recruiters of victims of epstein sex trafficking enterprise,
including the MC squared modeling agency. The government alleges, Yeah,
you know, the same agency that Jean Luke Brunel was running. Yeah,
(17:16):
you know, the same agency that had connections to Steve Manuchin. Yeah,
that agency. After Epstein's arrest and death in twenty nineteen,
JP Morgan acknowledged that recipients of the payments maybe victims
of human trafficking. It said, there is no question JP
Morgan received financial benefits in the forms of servicing accounts
(17:37):
with hundreds of millions in assets and referrals of business
opportunities from its relationship with Epstein, including the acquisition of
one of the country's largest hedge funds as a customer.
The memorandum states, and that would be Highbridge and Glenn Dubin.
So you see how it all fits, right, And you
see why I'm always going crazy about RICO. If it
(17:58):
was you or I out there and we even thought
about engaging in these kinds of financial crimes, they'd be
kicking in our doors showing up with a tank, and
despite the Bank's assertion that USVII territorial law, racketeering and
unfair competition claims against it do not apply because its
alleged conduct occurred entirely in New York. JP Morgan's criminal
(18:19):
activity under SICCO occurred almost entirely in the Virgin Islands.
The government alleges for two decades, JP Morgan transacted business
with a Virgin Island resident and as Virgin Island entities,
including managing accounts worth hundreds of millions of dollars, the
principal business of which was trafficking, including in and from
(18:41):
the Virgin Islands. It says, well, I would say trafficking
is a big part of it, but I think the
financial crimes were really the biggest crimes that Epstein was committing.
When we're talking about the totality of it, the financial
malfeasance here is just enough to make your head spin.
Banks says that allegations strain credulity. The government's allegations that
(19:04):
JP Morgan acted with the requisite wilfulness to criminally violate
federal banking law strain credulity, The Bank said in its
motion to dismiss the suit and noted Epstein's lucrative tax
breaks through the EDC program, despite the fact that Epstein
was a registered Tier one sex offender in the Virgin Islands.
It is not clear what, if any diligence the EDC
(19:26):
conducted into Southern Trust Company or Epstein before granting these privileges,
according to the motion, so they did scorch them, right,
JPP Morgan is not wrong about any of that. Both
entities here are in the wrong. In my opinion, there's
no one who's right here, and both of them need
to be penalized for what happened. USVII now alleges that
(19:48):
JPMC failed to fulfill and unspecified duty to detect and
report Epstein's sex trafficking, and that he used his accounts
with the bank to further his scheme. Yet its complaint
merely points to public records and reports about Epstein, information
to which USVII also had access when it granted Epstein
related entities economic benefits, it says. Moreover, while the complaint
(20:12):
asserts that damages were incurred until August twenty nineteen, it
never explains how or why this was possible six years
after JPMC decided to terminate its relationship with Epstein. The
memorandum states nonsense. The government countered in its memorandum on Wednesday,
(20:32):
the termination of Epstein's accounts in twenty thirteen did not
end the bank's conduct. It says, though the sentence that
follows is heavily redacted, so it's unclear just how the
relationship continued. I'm guessing through Glen Maxwell, that's what they're
going to assert, but that's just my guess. JP Morgan's
failed attempt to divert attention from its participation in Epstein's
(20:55):
sex trafficking is understandable, as its attempted defense to the
government's t VPA, CICCO and CFDPA claims have no merit.
According to Wednesday's memorandum from the VI Attorney General's Office,
JP Morgan's conduct threatened public safety and cause serious harm
to the Virgin Islands and its residents by facilitating sex
(21:17):
trafficking and the commission of sexual abuse against young women
and underage girls in the Virgin Islands. It says, well,
the same place where you were giving him tax benefits,
right would Jeffrey Epstein ever have been in the US
Virgin Islands if he wasn't getting the Homi hookup. I
know that's an uncomfortable question, but it has to be asked.
(21:40):
For all the reasons set forth above, the motion to
dismiss should be denied. The thirty one page government memorandum concludes.
Wednesday's memorandum was filed in Manhattan Federal Court, where the
case has been consolidated for pre trial purposes, with two
others brought as class actions in November in Federal Court
in Manhattan by alleged victims of Epstein, Jane Doe one
(22:03):
versus Deutsche Bank and Doe one versus JP Morgan and Chase.
JP Morgan is represented by the law firm Wilmer, Cutler, Pickering,
Hail and Door LLP. Well, things are certainly heating up
down in the Virgin Islands, and for me, it's like watching,
you know, Isis and the Taliban have a fight. There's
(22:25):
nobody I'm rooting for here. I just want everyone to
be exposed. All of the politicians that help facilitate Jeffrey
Epstein's bullshit down in the USVII. I want them exposed.
The bankers who help facilitate his bullshit, financially, let's expose
them too, and hopefully when all of the smoke clears
and all is said and done down here, that's exactly
(22:46):
what happens. But using history as a guide, even if
that does occur, it's not like anybody is gonna go
to jail anyway, all right, folks, that's gonna do it
for this one. All of the information that goes with
the episode OAT can be found in the description box.
What's up everyone, and welcome back to the Epstein chronicles.
According to the United States Virgin Islands JP Morgan broke
every single rule possible in their dealings with Jeffrey Epstein.
And this comes in response to JP Morgan attempting to
get the lawsuit that has been brought against it by
(00:21):
the United States Virgin Islands dropped, so the USVII they
responded on Wednesday, and this episode, that's what we're going
to talk about. So let's dive into this article from
the Saint Thomas source and let's get cracking headline. JP
Morgan broke every rule in dealings with Epstein. AG says
(00:43):
this article was authored by Seeing Cobb. JP Morgan Chase
broke every rule to facilitate Jeffrey Epstein's sex trafficking and
feed off his wealth and connections. The VI Attorney General's
Office at Wednesday in response to the bank's mode asking
that the government's lawsuit against it be dismissed. And with
(01:05):
the revelations of the Just Daily emails, I find it
highly unlikely that the court is going to dismiss this lawsuit.
Now do I think that the United States Virgin Islands
should get any more money here, I do not, But
at the same time, I'm always a big fan of
the financial sector taking it directly on the chin, and
(01:27):
all of these scumbags that were facilitating Jeffrey Epstein within
the financial sector should be called out for it. And
for those of you who have followed the podcast for
a while, you know that the financial aspect of this
is one of the biggest and most important parts of
the whole case. And that's why the federal government stayed
away from it. If they truly had a desire for
(01:50):
justice here, folks, the pathway is clear and it all
starts with Rico predicates the bank continued its relationship with
Epstein even after he became convicted sex offender in two
thousand and eight, and despite communications from its own risk
management divisions as early as two thousand and six identifying
evidence of his human trafficking. According to the government's memorandum
(02:13):
opposing JP Morgan's motion to dismiss the case, and let's
not forget that JP Morgan was also facilitating Gallay Maxwell
for all of these years. Sex trafficking was the principal
business of Epstein's accounts held by JP Morgan. N JP
Morgan profited handsomely from the hundreds of millions of dollars
(02:34):
in assets in those accounts. The memorandum alleges not only that,
but Jeffrey Epstein was bringing his stank ass friends over
to invest with JP Morgan and Jess Stally as well.
Far from the so called ordinary banking services JP Morgan
claims it provided to Epstein, JP Morgan broke every rule
(02:55):
to facilitate Epstein's sex trafficking and feed off his wealth
and connections, it says, alleging that the relationship continued until
the wealthy financiers twenty nineteen death. Imagine all of these
people out here talking all kinds of nonsense about how, oh,
we really weren't close to Jeffrey Epstein, Oh we never
(03:16):
hung out with him. Give me a break. There is
no chance in hell that if you were a mover
or a shaker in New York during the time that
Jeffrey Epstein was active, that you weren't at the very
least rubbing shoulders with him. JP Morgan, in its motion
to dismiss the suit, said, the usvii's lawsuit is a
masterclass in deflection that seeks to hold JPMC responsible for
(03:41):
not slothing out Epstein's crimes over a decade ago. Yet
USVII had access at the time to the same information
allegations and rumors about Epstein on which it alleges JPMC
should have acted. And I don't disagree with JP Morgan here.
I think that the US Virgin Islands attempting to get
(04:02):
more money out of this whole sordid, sick affair is
absolutely disgusting. But at the same time I think that
JP Morgan most certainly needs to be held to account. However,
I would have much rather preferred to see this as
a rico case so that we know it meant business.
All of this stuff we see here is all fine
(04:24):
and dandy, but it's posturing. Nobody's going to go to
prison over this. Folks, just be prepared for that. Key
to their argument is the fact that the VI government,
through its Economic Development Commission, granted Epstein lucrative tax benefits
during the same period that it is accusing JP Morgan
Chase of helping to further his sex trafficking scheme. The
(04:47):
bank intends that, having won one hundred and five million
dollars settlement in its lawsuit against Epstein's estate in November.
The VI Attorney General's Office now cast a field for
deeper pockets and as much, which is it pains me
to agree with the scumbags from JP Morgan. They're not
wrong about that. I think that the US Virgin Islands,
they're doing this for all the wrong reasons. They're doing
(05:10):
it to secure that bag. They're not looking to get justice.
A focus on CEO of private banking. Epstein, sixty six,
was found dead by apparent suicide in August twenty nineteen
in his New York City jail cell, where he was
being held on federal human trafficking charges. Those charges stemmed
from investigations into his controversial two thousand and eight non
(05:34):
prosecution agreement with federal prosecutors in Florida, under which he
pled guilty to state charges of soliciting and procuring a
minor for prostitution, despite evidence that dozens more girls were involved.
He served thirteen months in a work release program, made
payments to victims, and became a registered sex offender. Not
(05:55):
in New Mexico, though. And you know what's funny to me,
And I said it yesterday and I'll keep saying it.
You see all of these people talk about Epstein's island.
Who never really cared about Epstein before, but now they
think they're gonna make some political point. So they're out
here talking about Epstein and the island, and they're really
missing the real ship that's going by. And the ship
(06:15):
that's going by, folks, is what happened in New Mexico.
Everybody knows about the island. Everybody's focused on the island.
How come nobody is asking the hard question, what happened
to New Mexico and why was it covered up? At
the time of his death, Epstein's US Virgin Islands estate
was valued at more than five hundred and seventy seven
(06:36):
million dollars, according to court records. His primary residence was
Little Saint James, his private island off Saint Thomas, where
for years he trafficked in girls and young women and
ran a complex web of shell companies registered in the
USVII that enabled his crimes. The documents alleged, there's no
allegation of that. That's the truth. The US Virgin Islands
(06:59):
gave Jeffrey Epstein all kinds of compensation and all kinds
of love. They let him set up shop there. They
gave him tax breaks, and it's their own fault really
that he did what he did there. They could have
stopped it, but nobody in law enforcement in the United
States Virgin Islands could be bothered to do so. Now
they want to come and secure that bag. The VI
(07:24):
government's thirty four page amended complaint, filed in January after
the initial suit was filed in December, asserts claims for
JP Morgan's violations of the Trafficking Victims Protection Act or TVPA,
the Virgin Islands Criminally Influenced and Corrupt Organizations Act or SICCO,
(07:44):
and the Consumer Fraud and Deceptive Business Practices Act or CFDPBA.
If they were really this serious the offenses that were committed,
how come none of these charges are of the criminal nature?
How Come everything's about civil suit and going after a bag?
Does nobody care about fucking justice here? I'm really getting
(08:05):
tired of it, honestly. It focuses on one man, in particular,
former CEO of Private Banking, James Jess Staley, who it
says exchanged approximately twelve hundred emails with Epstein from his
JPP Morgan email account between two thousand and eight and
twenty and thirteen Staley left JP Morgan in twenty thirteen,
(08:28):
the same year the bank alleges it cut ties with Epstein,
according to the complaint, and that's just a coincidence, right,
Jess Staley leaves and then they cut ties with Epstein.
The reason they didn't cut ties with Epstein previously is
because Jess Staley was his biggest supporter, and Jess Staley
was a very very powerful man at JP Morgan. At
(08:51):
the time of Epstein's death, he was the CEO of Barclays. However,
he stepped down from that position in November twenty twenty
one after British financial regulators concluded an investigation into his
characterization of his relationship with Epstein. It says, and of
course we'll never be privy to that right the Barclay's
(09:11):
internal investigation. Fat chance we'll ever see that. Wednesday's memorandum
further details the email communications between the two men, saying
some included photos of young women in provocative poses, discussed
Epstein's provision of services to Staley during his travel to
Little Saint James and elsewhere on dates that closely corresponded
(09:33):
with Epstein's payments to the same young woman from his
JPP Morgan accounts and discussed young women or girls procured
by Epstein using the names of Disney princesses. Now remember
the article we talked about of Jeffrey Epstein on the
plane coming home from Disney World with that little girl
in his lap. Well, I don't want to go too
(09:56):
deep there, but I'll leave your minds the run wild
and the that it's going to conjure up is one
that's going to make you violently fucking ill. That was fun,
Say hi to snow White. According to the government's memorandum
on December two thousand and eight, email showed Staley planning
(10:16):
to visit Epstein in early January of two thousand and nine.
Around the time of the scheduled trip, Epstein wired two
thousand dollars from his JPP Morgan account to a woman
with an Eastern European surname. In late August two thousand
and nine, Staley emailed that he was visiting London. Epstein
asked if he needed anything, Staley replied yep Soon after,
(10:39):
JP Morgan wired three thousand dollars from an Epstein account
to the same Eastern European woman. It alleges, and we
all know that Jeffrey Epstein and his scumbag buddy Jean
Luke Brunel, who was resting in piss I hope, used
to go to Eastern Europe to find these girls to abuse.
So when I talk about those named women, that's what
(11:01):
I'm talking about as well. How many women in Europe,
Eastern Europe specifically, were preyed upon by these sick, fucking bastards.
In July twenty ten, Staley emailed Epstein saying that was
fun say hi to snow White, to which Epstein responded,
what character would you like next? And Staley said Beauty
(11:24):
and the Beast. Epstein also emailed Staley photos of young
women and seductive poses. According to the memorandum, instead of
Beauty and the Beast, what about dopey? Because that's what
you are, bro, a dopey ass motherfucker. None of the
emails between Epstein and Staley were flagged in connection with
risk reviews of Epstein's accounts, which numbered at least fifty
(11:47):
and involved large cash transactions. The amended conplaint alleges and
I'll bet you dollars to donuts that they had people
in the auditing department, meaning jet Staley and Jeffrey Epstein
that who are helping this whole entire plot along. If
this would have been a reco case, I'm telling you
right now, it would have been the most impactful recocase
(12:08):
in the history of the country. It would have brought
down some of the biggest names in banking, some of
the biggest names in business, and some of the biggest
names in politics. But unfortunately, our government doesn't have the backbone,
or the warithal or the courage to do it. Meanwhile,
throughout twenty ten. In twenty eleven, jp Morgan's Compliance and
(12:31):
security divisions were reporting evidence of Epstein's engagement in sex trafficking,
including his settlement of a dozen civil lawsuits and his
payment of one million dollars in connection with allegations he
engaged in child sex trafficking with the MC two modeling agency,
learning girls on the pretext of providing opportunities and careers.
(12:52):
The memorandum states, Yeah, they'd bring them to the building
on e sixty six telling them that they're going to
be models, and instead they'd pimp them out. In a
twenty ten internal email, it says JPP Morgan's Risk Management
division wrote of new allegations of an investigation related to
child sex trafficking. Are you still comfortable with this client
(13:14):
who is now a registered sex offender? Following the internal
reports of additional law enforcement investigations into Epstein sex trafficking
in twenty ten and twenty and eleven, JP Morgan's response
was to send Staley in twenty and eleven to obtain
Epstein's denial, on which the bank hung its hat. It alleges,
(13:35):
of course, it did just take Epstein out his word,
one of the most notorious liars in history, But let's
take him at his word. Red flags ignored Epstein. Companies
and nonprofit organizations that had accounts with JPP Morgan included
the twenty thirteen Butterfly Trust, the cote U Enterprises LLC,
(13:57):
the Couq Foundation, Enhanced Education, Financial Trust Company Incorporated, HBRK
Associates Incorporated, hyperiod Air Incorporated, Jege Incorporated, j Ege LLC, NEESLLC,
plan d LLC, Southern Financial LLC, and Southern Trust Company.
(14:20):
According to the suit, every one of those is a
money laundering washing operation, and fucking dick all has been
done about it. But you think the government doesn't know
the SDNY doesn't know. Of course they know. The Southern
Trust Company, which received lucrative tax benefits under the territory's
EEDC program, was central to the VI's government suit against
(14:43):
the Epstein Estate, which settled the matter while not admitting
any wrongdoing. Southern Trust was little more than a shell
company for Epstein's sex trafficking scheme, the government alleged, and
a second amended complaint filed in its case against the
estate just hours before the settlement was announced on November thirtieth.
As part of that settlement, the estate will refund some
(15:06):
eighty million it reaped from those tax benefits. In Wednesday's memorandum,
the government alleges that JP Morgan handled Epstein's payments even
though they had no discernible business or other legitimate purpose,
and engaged in a year's long pattern to ignore obvious
red flags and failing to demonstrate even basic due diligence
(15:29):
on Epstein's accounts, which is particularly out of the ordinary
conduct for JPP Morgan. For a customer it designated high risk,
usually the bank will drop you right away. Look at
what the bank's due to people who create content if
they have controversial material. But meanwhile Jeffrey Epstein, now we'll
(15:50):
do business with him. For example, the government alleges that Epstein,
through JPP Morgan, paid more than six hundred thousand dollars
to Jane Doe One, a woman with an Eastern European
surname who the bank's own due diligence. Reports stated Epstein
purchased at the age of fourteen. They're talking about Nadia Marsenkova,
(16:10):
one of the most tragic tales in this whole, entire
sordid story. Between nineteen ninety eight and twenty thirteen, JP
Morgan serviced approximately fifty five Epstein related accounts valued in
the hundreds of millions of dollars, and handled payments by
Epstein to at least twenty young women or girls whom
he trafficked and subjected to sexual assault in the Virgin
(16:32):
Islands and elsewhere. The memorandum states the payments had no
conceivable relationship to Epstein's stated business interests. It says Epstein
also withdrew hundreds of thousands of dollars in cash over
that time from JP Morgan accounts, especially significant as Epstein
was known to pay for massages sexual encounters with young
(16:54):
girls in cash During this time, JP Morgan also processed
payments by Epstein, totaling one and a half million dollars
to known recruiters of victims of epstein sex trafficking enterprise,
including the MC squared modeling agency. The government alleges, Yeah,
you know, the same agency that Jean Luke Brunel was running. Yeah,
(17:16):
you know, the same agency that had connections to Steve Manuchin. Yeah,
that agency. After Epstein's arrest and death in twenty nineteen,
JP Morgan acknowledged that recipients of the payments maybe victims
of human trafficking. It said, there is no question JP
Morgan received financial benefits in the forms of servicing accounts
(17:37):
with hundreds of millions in assets and referrals of business
opportunities from its relationship with Epstein, including the acquisition of
one of the country's largest hedge funds as a customer.
The memorandum states, and that would be Highbridge and Glenn Dubin.
So you see how it all fits, right, And you
see why I'm always going crazy about RICO. If it
(17:58):
was you or I out there and we even thought
about engaging in these kinds of financial crimes, they'd be
kicking in our doors showing up with a tank, and
despite the Bank's assertion that USVII territorial law, racketeering and
unfair competition claims against it do not apply because its
alleged conduct occurred entirely in New York. JP Morgan's criminal
(18:19):
activity under SICCO occurred almost entirely in the Virgin Islands.
The government alleges for two decades, JP Morgan transacted business
with a Virgin Island resident and as Virgin Island entities,
including managing accounts worth hundreds of millions of dollars, the
principal business of which was trafficking, including in and from
(18:41):
the Virgin Islands. It says, well, I would say trafficking
is a big part of it, but I think the
financial crimes were really the biggest crimes that Epstein was committing.
When we're talking about the totality of it, the financial
malfeasance here is just enough to make your head spin.
Banks says that allegations strain credulity. The government's allegations that
(19:04):
JP Morgan acted with the requisite wilfulness to criminally violate
federal banking law strain credulity, The Bank said in its
motion to dismiss the suit and noted Epstein's lucrative tax
breaks through the EDC program, despite the fact that Epstein
was a registered Tier one sex offender in the Virgin Islands.
It is not clear what, if any diligence the EDC
(19:26):
conducted into Southern Trust Company or Epstein before granting these privileges,
according to the motion, so they did scorch them, right,
JPP Morgan is not wrong about any of that. Both
entities here are in the wrong. In my opinion, there's
no one who's right here, and both of them need
to be penalized for what happened. USVII now alleges that
(19:48):
JPMC failed to fulfill and unspecified duty to detect and
report Epstein's sex trafficking, and that he used his accounts
with the bank to further his scheme. Yet its complaint
merely points to public records and reports about Epstein, information
to which USVII also had access when it granted Epstein
related entities economic benefits, it says. Moreover, while the complaint
(20:12):
asserts that damages were incurred until August twenty nineteen, it
never explains how or why this was possible six years
after JPMC decided to terminate its relationship with Epstein. The
memorandum states nonsense. The government countered in its memorandum on Wednesday,
(20:32):
the termination of Epstein's accounts in twenty thirteen did not
end the bank's conduct. It says, though the sentence that
follows is heavily redacted, so it's unclear just how the
relationship continued. I'm guessing through Glen Maxwell, that's what they're
going to assert, but that's just my guess. JP Morgan's
failed attempt to divert attention from its participation in Epstein's
(20:55):
sex trafficking is understandable, as its attempted defense to the
government's t VPA, CICCO and CFDPA claims have no merit.
According to Wednesday's memorandum from the VI Attorney General's Office,
JP Morgan's conduct threatened public safety and cause serious harm
to the Virgin Islands and its residents by facilitating sex
(21:17):
trafficking and the commission of sexual abuse against young women
and underage girls in the Virgin Islands. It says, well,
the same place where you were giving him tax benefits,
right would Jeffrey Epstein ever have been in the US
Virgin Islands if he wasn't getting the Homi hookup. I
know that's an uncomfortable question, but it has to be asked.
(21:40):
For all the reasons set forth above, the motion to
dismiss should be denied. The thirty one page government memorandum concludes.
Wednesday's memorandum was filed in Manhattan Federal Court, where the
case has been consolidated for pre trial purposes, with two
others brought as class actions in November in Federal Court
in Manhattan by alleged victims of Epstein, Jane Doe one
(22:03):
versus Deutsche Bank and Doe one versus JP Morgan and Chase.
JP Morgan is represented by the law firm Wilmer, Cutler, Pickering,
Hail and Door LLP. Well, things are certainly heating up
down in the Virgin Islands, and for me, it's like watching,
you know, Isis and the Taliban have a fight. There's
(22:25):
nobody I'm rooting for here. I just want everyone to
be exposed. All of the politicians that help facilitate Jeffrey
Epstein's bullshit down in the USVII. I want them exposed.
The bankers who help facilitate his bullshit, financially, let's expose
them too, and hopefully when all of the smoke clears
and all is said and done down here, that's exactly
(22:46):
what happens. But using history as a guide, even if
that does occur, it's not like anybody is gonna go
to jail anyway, all right, folks, that's gonna do it
for this one. All of the information that goes with
the episode OAT can be found in the description box.
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