According to a 22-page document reviewed by The Wall Street Journal, Jeffrey Epstein allegedly helped ex-JPMorgan CEO’s daughter, Alexa, get into the PhD program at Columbia University.
“There was no meeting between the president and Staley. Nor did the president know Epstein, then or later,” a Columbia spokesman told The Journal. “There is no factual basis for these assertions.”The documents surfaced as the bank fights a lawsuit brought by the US. Virgin Islands alleging the Wall Street giant ignored red flags about Epstein’s behavior because he was bringing in wealthy clients for the bank.
The bank wants Staley to be on the hook for damages incurred as a result of JPMorgan’s litigation related to the Epstein case, which includes a lawsuit brought by the US Virgin Islands, where Epstein owned two islands — including one named “Pedophile Island” that reportedly served as the headquarters of his abusive regime.The sum likely totals more than $80 million.
“I’m in the hot tub with a glass of white wine … I owe you much. And I deeply appreciate our friendship. I have few so profound,” one of the emails read, according to a lawsuit filed by the US Virgin Islands against JPMorgan. Staley and Epstein reportedly exchanged more than 1,200 emails, includin one where Staley called their friendship “profound.”JPMorgan CEO Jamie Dimon said during his two-day deposition that Staley is to blame for the bank’s involvement with Epstein, who was a client from 1998 to 2013.
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