THE EPSTEIN CURSE: Former Top JPMorgan Executive and Barclays CEO Jes Staley Fights UK’s Financial Watchdog in Court Over Fine and Lifetime Ban for Lying About Ties to Late Pedophile

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To be publicly named – and shamed – for having a longstanding ‘friendship’ with late pedophile and sex trafficker Jeffrey Epstein is like a bad smell that won’t go away.

Take, for instance, top banker Jes Staley, a high-flying professional in the finance world that has had his career derailed by his long and extremely problematic relationship with Epstein.

He was forced to resign as Barclays’ CEO under the weight of the Epstein scandal brought about when UK’s Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) concluded their two-year investigation on him.

In a previous report here on TGP, I wrote:

“Former JPMorgan Chase top executive and Ex-Barclays CEO Jes Staley is facing a lifetime ban from senior roles in financial services, as well as a 1.8 million pound ($2.21 million) fine by UK’s Financial Conduct Authority (FCA).

The ban and the fine are for allegedly misleading the FCA over his relationship with Jeffrey Epstein.

Reuters reported:

To be banned from any UK Banking activities is a hard blow for Staley. So, he is fighting it back on court.

 

‘The FCA has found that Mr Staley recklessly approved a letter sent by Barclays to the FCA, which contained two misleading statements, about the nature of his relationship with Jeffrey Epstein and the point of their last contact’, [the FCA] said’.”
To be banned from any UK Banking activities is a hard blow for Staley. So, he is fighting it back on court.
Jes Staley and Jamie Dimon battled over Jeffrey Epstein’s ties damaging the image of US’ largest bank.

But before he could even do that, he had to straighten his legal disputes with his former bank JPMorgan, which he did by reached a confidential settlement in September 2023, as part of an effort to resolve legal disputes tied to the bank’s relationship with Jeffrey Epstein.

This came after the bank settled with the U.S. Virgin Islands Government for $75 million and spent another $290 million to settle a class-action lawsuit brought by Epstein’s sexual abuse victims.

Some Epstein victims have named Staley (left) as one of the perpetrators.

Read: NYT: At Least One Trafficking Victim Reserved the Right to Sue Jes Staley and Leon Black Upon Receiving Financial Restitution From the Epstein Compensation Fund

So, today, in UK court, Staley’s lawyers have argued that he did not mislead the UK’s financial watchdog over his relationship with disgraced financier Jeffrey Epstein.

This London court case is an attempt by the former banker to ‘restore his reputation’.

Reuters reported:

“Staley appeared in court flanked by his lawyers as his appeal against the Financial Conduct Authority’s intention to ban him from working in the UK finance industry indefinitely, and fine him 1.8 million-pounds ($2.3 million), began at London’s Upper Tribunal.

The 68-year-old will next week be cross-examined over his relationship with Epstein, whose 2019 arrest for sex trafficking minors and subsequent death in custody brought scrutiny on the late financier’s many high-profile associates.”

Read more:

Jes Staley Versus Jamie Dimon: Wall Street Giants Play the Blame Game Over Epstein Trafficking Ring Association

The post THE EPSTEIN CURSE: Former Top JPMorgan Executive and Barclays CEO Jes Staley Fights UK’s Financial Watchdog in Court Over Fine and Lifetime Ban for Lying About Ties to Late Pedophile appeared first on The Gateway Pundit.

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