Former JPMorgan executive Jes Staley shared confidential information with Jeffrey Epstein when the now-late financier was in prison for sex crimes.

Former JPMorgan Chase executive and Barclays CEO Jes Staley was pressed by the House Committee on Oversight and Government Reform in July on his relationship with late financier and sex offender Jeffrey Epstein.

Staley’s answers, made public via published transcript Wednesday, appear to show a close relationship between him and Epstein.

Staley told other JPMorgan executives that he wanted to keep Epstein’s account open following his 2008 conviction. His reason? “Closing a checking account is a tough move,” he told Congress. He said he was “completely unaware” that those counts facilitated sex trafficking.

JPMorgan documents show that Epstein withdrew $40,000 to $80,000 several times monthly. Staley said he learned about those withdrawals “at some point, but I need to think about what year I learned.”

Staley shared information about two separate deals he was working on at JPMorgan.

“I went to him for advice and his views, but completely trusted that he would not use this information for personal gain,” Staley said.

Staley, at one point, also shared that JPMorgan’s private bank had brought in $44 billion in the previous two weeks. He acknowledged it was confidential to the bank, but that as a senior executive he thought he “could share it with someone that I was seeking advice from.”

” Notably, Epstein was, at the time, incarcerated for sex crimes.

Source link