(RoyalPatriot.com )- According to a recent report in the Financial Times, Jes Staley, the former CEO of Barclays, stood by convicted sex offender Jeffrey Epstein while Staley was running the investment banking division of JPMorgan.
After Epstein received a 13-month prison sentence for soliciting sex from a minor in 2008, Jes Staley continued to go to bat for the pedophile while JPMorgan was examining whether to drop Epstein as a client.
According to the Financial Times, Staley argued at the time that Epstein had paid his debt to society and should remain a client.
JPMorgan eventually did drop Epstein in 2013, the same year Jes Staley left for a new job at a hedge fund.
Back in November, just two weeks after Staley was forced to resign from Barclays over his ties to Epstein, a trove of 1,200 emails between Staley and Epstein from 2008 until 2012 were uncovered.
According to the Financial Times report in November, sources familiar with the contents of the emails said they reveal a close relationship between Epstein and Staley.
In November, Kathleen Harris, an attorney representing Staley sent a letter to the Financial Times reasserting that Staley was not involved in any of the “alleged crimes committed by Mr. Epstein.”
Staley’s relationship with Epstein began in 2000 when he was hired to lead JP Morgan’s private bank which handles the companies’ wealthy clients. They remained in contact for seven years after Epstein’s 2008 conviction. Staley even visited Epstein in Florida while he was serving his sentence and while he was on work release in 2009.
Even after Staley left JP Morgan, he and Epstein remained in contact. But Staley claims their contact tapered off after he left Wall Street. Staley said the last time the two men met in person was in 2015 when Staley sailed his yacht to Epstein’s private Caribbean island.
After Epstein was arrested in 2019 and the media again drew attention to their friendship, Staley volunteered to explain his ties to Epstein to Barclays. In December of that year, the regulatory investigation by the Prudential Regulation Authority and the Financial Conduct Authority was launched.