JP Morgan's Role in Epstein Scandal
I want to show you an email that might seem innocent, but is actually
incredibly vile. It's one JP Morgan executive emailing
another, "Will you be my buddy on this one?" Well,
let's just look up at the subject line here.
"Billionaire freed from jail on sex charges." That comes from a recent report
that should have been ground-shattering national news, with a senator backing it
up. But corporate media seemingly disappeared
the story, and I think
I know why. Let's dive into the details they didn't
want you to know about.
Starting with JP Morgan, where Jeffrey Epstein had at
least 134 accounts. Epstein was part of the
wall of cash who generated one of the largest annual
revenue flows and was listed as a target going forward
after he was labeled a sex offender.
Banks are supposed to monitor their customers for things like money
laundering, or,
I don't know, running a giant international pedophile
sex trafficking ring.
But with Epstein, these red flags were repeatedly ignored.
One executive even advised Epstein on how to avoid regulatory red
flags. He told him to make cash withdrawals from
accounts linked to his
airplanes instead of from his personal accounts.
The same year, a JPM executive said that another rich client's house is
like Epstein's but with fewer nymphets.
In 2013, JP Morgan finally closed Epstein's
accounts, but
continued their business relationship by allowing him to manage accounts for
Apollo's Leon Black, who allegedly funded a large part
of Epstein's operation. But Epstein was still a desirable client elsewhere.
He was almost immediately taken on at Deutsche Bank, where the managing director
emailed the executive who brought him in, "Great news.
Congrats, Paul." Deutsche not only helped Epstein
avoid regulations for years,
they gave him white glove service, helping him withdraw big cash from
foreign ATMs, sending wires without the checks most
customers face,
and they even waived small fees for overdrafts.
Has a bank ever done any of that for you?
Attempts at following basic regulations around customer transactions were
met by frustration of high-ranking executives.
In one email, an exec whines, "These requests seem
unreasonable. Epstein has been repeatedly signed off by
management." Senator Wyden's report has way more than can fit in a three-minute
video. CBS's 60 Minutes had the story, but not only was the
interview killed, the reporter got fired.
And this is amid CBS being absorbed in the Paramount mega-merger with
David Ellison's Skydance Media. But the Ellisons didn't pay outright for
the
acquisition. Big banks spotted them the cash.
SEC filings show that the very same three big banks
that Wyden's
report focuses on and Apollo, once run by Leon Black,
led the financing for this new media empire.
The very same banks that were implicated in this have influence
over the
media that's meant to tell you about it.
End of transcript · 481 words