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Tyler Reddick here from 2311 Racing.
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What's up, everyone?
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And welcome back to the Epstein Chronicles.
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Just daily in JP Morgan are going back and forth
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over what's going on down in the Virgin Islands.
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And I'll tell you what, it's getting a bit contentious.
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The allegations that are being thrown,
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this way and that, by both parties,
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are almost laughable at this point for me.
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Considering both parties are obviously on the hook
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for what happened here.
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And instead of just owning up to that,
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they're trying to say, well, I might have been wrong,
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but this guy over here, he was more wrong than I was.
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So you should focus on him more than you focus on us.
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It's a classic attempt to muddy the waters
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when the reality is both groups,
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meaning the management structure of JP Morgan
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and just daily and anybody around him, they all knew the deal.
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They knew what Epstein was up to.
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They knew he was a dirt bag, scumbags son of a bitch.
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And they knew that he was molesting and hurting people.
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That's what it comes down to.
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They did not care that Epstein was engaging
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in all of this behavior because he was bringing
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other rich scumbags to the bank.
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And as long as that was happening
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and the money kept flowing in,
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then everybody was very content to hang out with Epstein.
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They were all content to take his money.
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They were all content to do business with them.
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Now it's time to answer some questions.
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Today's article is from NBC News and the headline,
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JP Morgan alleges former executive
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thwarted efforts to cut ties with Epstein.
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The bank claimed just daily new of Epstein sex trafficking
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and engaged in sexual activity with young women procured
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Staley has said he is being used as a PR shield.
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And honestly, all of that is true.
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They are using him as a PR shield,
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but he was engaged in all of Epstein's bullshit.
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And according to at least some reports,
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he was involved in the actual abuse of some of these girls.
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So that elevates him from just an enabler
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to absolute piece of shit status right up there with guys like,
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you know, Bill Richardson, Glenn Dubin, George Mitchell,
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and the rest of them.
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This article was authored by Chloe Atkins.
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JP Morgan Chase claimed its former executive,
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Jess Staley, repeatedly thwarted its efforts to cut ties
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with convicted sex offender Jeffrey Epstein
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during Staley's tenure at the bank.
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According to court documents filed this week.
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So you need to tell me that Jess Staley could tell Jamie
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He could tell the executive board what to do.
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I don't buy that for a minute.
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And the fact that they're going to get out here and try and pitch that
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to people is pretty laughable.
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I don't think people are buying that bullshit anymore.
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It's like when we were kids, right?
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Well, those of us that are older anyway,
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our parents could tell us anything.
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And we couldn't fact check it.
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We'd have to go to the library to look something up.
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But now we can go right to the internet, take a look,
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and know you're a bullshitting us.
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Nobody was thwarting anything, okay?
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You weren't trying to get rid of Jeffrey Epstein.
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And in fact, what you're doing is lying to us.
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But unlike the old days, we can go and check now
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and verify, well, that you're lying.
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The Wall Street giant sued Staley in March,
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saying he should be held liable for any financial damages
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it might have to pay from two lawsuits
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that alleged it enabled Epstein's sex trafficking operation.
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Now, imagine, just sit back in the cut for a minute
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and let that sink in.
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Not one bit of talk about criminal sanction,
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not one bit of talk about anyone going to prison.
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Once again, just another financial slap.
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Staley, who worked at the bank for more than 30 years,
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asked a federal judge last month to dismiss the lawsuit,
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saying the bank was using him as a public relation shield.
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In response, the bank this week alleged that Staley,
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new of Epstein's sex trafficking enterprise
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and engaged in sexual activity with young women
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procured by Epstein, but acted to protect himself
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and Epstein who could have exposed Staley's misconduct.
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Court documents said, so they're going in all the way
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on Jess Staley, according to JP Morgan folks,
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everything was Jess Staley's fault.
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He's the only guy here who had anything to do
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with Jeffery Epstein and, of course,
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he made every decision for the company as well.
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According to this lawsuit, now back to reality,
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we know that's not the case.
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We know that there are many channels
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that this sort of thing has to go through.
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We know that there's an auditing department.
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There's risk management and all of these different levers
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of security, all of these redundancies were bypassed.
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You mean to tell me that Jess Staley had that kind of power?
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I mean, I guess it's possible,
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but if that's the case and you're a shareholder of JP Morgan,
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do you have any faith in Jamie Diamond at this point?
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Bro, you can't even control your underlings
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to not pal around with Jeffery Epstein.
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Why do you think that you should run this whole ass company?
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Seems like a pretty straightforward question, right?
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Unfortunately, none of these goofballs
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in the legacy media will ever ask it.
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Staley persisted for years in protecting Epstein
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in the face of attempts by JPMC personnel
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to end the company's relationship with Epstein
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on reputational grounds, made misrepresentations in the process
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and continued to do so to the end of his JP Morgan tenure.
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The bank said in the court filing,
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and Epstein victim has alleged that Staley sexually abused her
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while he was working at the bank court documents said.
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And look, I believe the accuser who is saying this,
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especially if the accuser is who I think it is.
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If that's the case, the whole entire thing
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is about to fall in on the head of JP Morgan and Jeff Staley
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because this survivor was with Epstein all the time
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from the time she was 14.
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And if that's the case and it is who I think it is,
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she has all the keys to the kingdom.
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She knows everything.
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She knows all the people who are around.
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She knows all the people who are involved.
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And I'm sure she's found a very receptive audience
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to hear her stories when we're talking about
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the United States Virgin Islands and their legal team.
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JP Morgan Chase said this week that it did not know
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nor could it have reasonably known of the woman's allegations.
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Staley's attorneys did not immediately respond
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to her request for comment.
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Staley has called the accusations baseless
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but has expressed regret for his relationship with Epstein.
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Once again, he is not regretful that he had a relationship
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with Jeffrey Epstein.
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He's regretful that he was caught.
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He's regretful that all of you out there
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are put in his ass on blast on a regular basis.
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That's what he's worried about.
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That's what he regrets.
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Epstein was convicted of procuring a child
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for prostitution in 2008.
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He died by suicide in 2019 at a Manhattan Correctional Center
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where he was being held on federal sex trafficking charges.
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Allegedly, died by suicide by the way,
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has anyone seen any real concrete evidence
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telling us he died by suicide
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or are we just going by what the medical examiner
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and good old Bill Barr told us
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because I don't believe either of them.
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JP Morgan Chase was sued by the US Virgin Islands
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and the woman identified as Jane Doe 1 last year.
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Claiming it turned the blind eye towards Epstein's conduct,
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well, so do the Virgin Islands, right?
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The USVI has some audacity here,
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considering Epstein went down there,
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set up shop, cotton bed with local officials,
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started doling out a bunch of dough,
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and committed all of these crimes down in your territory.
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Yet somehow you still come out smelling like roses,
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meaning the Virgin Islands with a big fat bankroll
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and looking for more.
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Pretty amazing if you ask me.
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Internal emails and memos filed as exhibits this week
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revealed that the bank executives were concerned
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about the financial institution's relationship
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with Epstein dating to 2006.
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In October 2006, the bank's rapid response team issued a memo
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saying Epstein had banking, asset, and credit accounts
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with balances that amounted to $32 million.
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The memo also said cash withdrawals were routinely made
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in sums of 40,000 to 80,000 multiple times a month,
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totaling over $750,000 a year to date,
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according to the document.
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I mean, it's not like he was structuring those transactions,
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And here I was thinking, at least according to JP Morgan,
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that they had no idea what was going on
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when that is demonstrably provable to be a lie.
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The memo said that after internal discussions
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with Jess Staley, Mary Erdos, Catherine Keating,
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John Duffy, and Mary Casey, it was decided
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that we will keep Mr. Epstein solely as a banking client
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and on a reactive client service basis.
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And that we will not proactively solicit
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new investment business from him.
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Another month later and borrow which JP Morgan
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chased executive emailed Staley with the subject line,
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Epstein, please call me.
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In the email, she said she had concerns
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on risk management with this client.
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And we have a bad track record internally on risk,
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as you know, is Jeffrey going to stay involved here?
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How are we managing risk here?
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Please call, borrow which said in an email.
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In 2013, two bank directors emailed
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about the private bank risk unit, referring Epstein in 2008
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to its anti-money laundering program
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because of excessive cash activity
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and media reports alleging his connection to sex trafficking.
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Epstein was marked as high risk at the time.
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That's all they did though.
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You can mark on whatever you want,
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but you have to take action.
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They did not take action.
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Remember, that's what it comes down to.
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Another email exchange from 2011 indicates
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that the bank kept Epstein as a client
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due to Jess's personal relationship with them,
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even though other bank directors were not in favor
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of having retained them as a client.
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So they knew JP Morgan knew
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and they let Jess daily do whatever he wanted.
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Remember, he was working for them at the time.
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So the buck stops at JP Morgan.
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One director in the same email correspondence
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reported having also looked into transactions
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of one of Epstein's assistants,
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which included lots of salon, lingerie shops, drugstores,
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in New York, Palm Beach, and in St. Thomas,
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his places of residence,
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plus lots of video-like girls gone wild.
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There is no doubt that not only Jess daily knew
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exactly what and who Jeffrey Epstein was,
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and so did JP Morgan in Chase.
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So the whole back and forth between JP Morgan
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and Jess daily is relatively laughable.
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And hopefully the court comes down on both of them
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like a ton of bricks.
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All right, folks, that's gonna do it for this one.
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All of the information that goes with the episode
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can be found in the description box.
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Tyler Reddick here from 2311 Racing.
12:29
Yeah, it's even better with Chamba by my side.
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Race to chambacacino.com, let's Chamba.
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