Get 40% Off
🔥 This hedge fund gained 26.16% in the last month. Get their top stocks with our free stock ideas tool.See stock ideas

Ex-JPM, Barclays exec Staley discussed Disney princesses with Epstein - lawsuit

Published 02/16/2023, 03:17 PM
Updated 02/16/2023, 05:14 PM
© Reuters. FILE PHOTO: Barclays' then CEO Jes Staley arrives at 10 Downing Street in London, Britain january 11, 2018. REUTERS/Peter Nicholls/File Photo
JPM
-
BARC
-
W
-

By Iain Withers and Kirstin Ridley

LONDON (Reuters) -Former JPMorgan Chase & Co (NYSE:JPM) and Barclays (LON:BARC) executive Jes Staley allegedly discussed Disney characters Snow White and Beauty and the Beast in a series of emails with sex offender Jeffrey Epstein, who also allegedly shared photographs of young women with the banker, according to newly unsealed court documents.

The alleged email exchanges between Staley, who was CEO of Barclays, and Epstein in 2009 and 2010 are contained in a lawsuit filed by the United States Virgin Islands against Staley's former employer, JPMorgan.

The U.S. Virgin Islands, where Epstein owned two private islands, alleges that JPMorgan facilitated and sustained Epstein's sex-trafficking over two decades.

The lawsuit claims Staley had a close personal relationship with Epstein and that emails between the two "even suggest that Staley may have been involved in Epstein's sex-trafficking operation".

"That was fun. Say hi to Snow White," Staley emailed Epstein in July 2010, according to filings on Wednesday with the U.S. District Court in Manhattan.

" (W)hat character would you like next?" Epstein replied.

"Beauty and the Beast," Staley allegedly responded, to which Epstein replied: "Well one side is available," according to the filing.

Reuters could not determine what "Snow White" or "Beauty and the Beast" referred to.

A London-based lawyer for Staley, who is not a defendant in the lawsuit, declined to comment.

JPMorgan, which also declined to comment on Thursday, has said the case is "legally meritless and should be dismissed".

Barclays declined to comment on Thursday. In a statement announcing Staley's resignation on Nov. 1, 2021, the British bank said the preliminary conclusions of investigations by British financial regulators into how Staley characterised his relationship with Epstein made "no findings that Mr Staley saw, or was aware of, any of Mr. Epstein's alleged crimes."

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Britain's Financial Conduct Authority and Prudential Regulation Authority both declined to comment on Thursday.

The regulators have not published the results of their investigation, although they have said previously that it was focused on how truthful Staley was about his ties to Epstein. Staley is contesting the findings.

According to the lawsuit, Staley exchanged around 1,200 emails with Epstein from his JPMorgan email account between 2008 and 2012.

Staley allegedly wrote to Epstein on Nov 1, 2009, describing his relationship with Epstein as "profound".

"I'm in the hot tub with a glass of white wine ... I owe you much. And I deeply appreciate our friendship. I have few so profound."

One month later, Staley allegedly wrote to Epstein to say how great it had been to give him "a long, heartfelt hug", after which Epstein allegedly sent Staley two pictures of young women.

Epstein was a client of JPMorgan from about 2000 to 2013. Staley served in a variety of senior private banking and wealth management roles at JPMorgan until leaving the bank in 2013.

Epstein was found dead in a Manhattan jail cell in August 2019 while awaiting trial on sex trafficking charges.

A separate lawsuit brought by Epstein victims against JPMorgan contains an allegation that Staley had "personally observed" Epstein's abuse of the named plaintiff, known as Jane Doe 1.

Staley is not a defendant in that case.

Latest comments

So much for Ethics in high places. I wonder what will the law do?
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.