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Epstein Survivors Hit JP Morgan With A Class Action Lawsuit · The Epstein Chronicles

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  Speaker 1: What's up everyone, and welcome back to the Epstein chronicles.
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  Speaker 1: So it looks like Judge Rakoff is preparing to open
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  Speaker 1: the JP Morgan suit into a class action suit. And
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  Speaker 1: if that occurs, the danger for JP Morgan increases tenfold.
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  Speaker 1: Now it won't be so easy for them to get
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  Speaker 1: off the hook by settling because there's going to be
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  Speaker 1: so many different plaintiffs that the cost is going to
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  Speaker 1: become quite burdensome. So this is pretty interesting. And I've
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  Speaker 1: said from the beginning that this should be a class
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  Speaker 1: action suit. Right, all of these girls named and unnamed,
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  Speaker 1: who are abused by this sick fuck, they deserve some
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  Speaker 1: restitution and society, well society, we deserve some criminal convictions.
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  Speaker 1: We're not going to get those, So at the very
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  Speaker 1: least these girls should get the money that is owed
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  Speaker 1: to them. So any of those survivors out there that
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  Speaker 1: might be listening, do yourself a favor and check in
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  Speaker 1: on this class action suit because you deserve to get
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  Speaker 1: a couple of bucks from these scumback banks. That's for
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  Speaker 1: damn sure, all right, So today's article is from Law
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  Speaker 1: and Crime headline Judge app here is poised to open
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  Speaker 1: Jeffrey Epstein's survivor suit against JP Morgan to hundreds of
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  Speaker 1: potential victims in class action. This article was authored by
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  Speaker 1: Adam Klassfeld. And just to reiterate, remember, we've only heard
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  Speaker 1: from a small handful of women who have been abused
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  Speaker 1: by Jeffrey Epstein. We've never heard from any of the
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  Speaker 1: girls from New Mexico. What about girls from Eastern Europe?
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  Speaker 1: What about girls from insert country here? What about girls
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  Speaker 1: that lived in America but still don't want to come
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  Speaker 1: forward because it's too painful or whatever. There are a
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  Speaker 1: lot of victims that have been victimized by Jeffrey Epstein
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  Speaker 1: and his pals, and the sad truth is we only
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  Speaker 1: know about a fraction of them. A federal judge appeared
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  Speaker 1: poised on Friday to let a Jeffrey Epstein survivor have
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  Speaker 1: hundreds of her peers Joiner lawsuit accusing JP Morgan Chase
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  Speaker 1: of complicity in the Late Predators sex trafficking scheme. And
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  Speaker 1: you need to tell me there's no lawyer out there
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  Speaker 1: that's going to do the same thing to the US
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  Speaker 1: Virgin Islands. I have a hard time believing that at
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  Speaker 1: some point one of these survivors is going to say
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  Speaker 1: to themselves, these dudes took one hundred and five million
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  Speaker 1: dollars from us. We need to talk about that, and
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  Speaker 1: we need to understand why they were able to benefit
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  Speaker 1: on both ends of this criminal enterprise. There can be
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  Speaker 1: no case more worthy of class certification than this case,
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  Speaker 1: attorney Sigared macauley said in court on Friday. Senior US
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  Speaker 1: District Judge Jed Raykoff noted to JP Morgan's attorney that
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  Speaker 1: Epstein's crimes largely weren't disputed by the bank. Imagine you
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  Speaker 1: try and dispute those crimes. Anyone trying to dispute what
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  Speaker 1: Epstein was up to at this point is an absolute
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  Speaker 1: fucking moron. Okay, can I be any more clear? That's
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  Speaker 1: what you are, because it's rather obvious what this dude
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  Speaker 1: was up to. Now, if you want to argue the nuance,
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  Speaker 1: that's a different story. But there's no doubt what this
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  Speaker 1: dude was up to and that he was on a
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  Speaker 1: multi decade run of molesting and raping people. You do
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  Speaker 1: not dispute that mister Epstein was engaged in a long
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  Speaker 1: time sex trafficking venture that involved innumerable young women and
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  Speaker 1: required money to make it work. Said Rakoff, a long
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  Speaker 1: time critic of Wall Street during the time of the
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  Speaker 1: two thousand and eight financial crisis, and as big of
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  Speaker 1: a critic as Rakoff is or was. How many people
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  Speaker 1: went to prison over the two thousand and eight financial meltdown.
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  Speaker 1: We've talked about this one before plenty of times as well.
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  Speaker 1: How many of you who were younger sat there and
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  Speaker 1: watched your parents lose their whole entire savings. Then how
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  Speaker 1: many of you out there around my age lost all
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  Speaker 1: the savings that you had built up up until that point.
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  Speaker 1: I know that I got hammered as far as four
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  Speaker 1: oh one k goes forget it, absolutely got destroyed. Thankfully,
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  Speaker 1: I'm young enough that I was able to bounce back
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  Speaker 1: and start over. But what about the people that weren't
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  Speaker 1: able to do that? Meanwhile, all of these scumbags from
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  Speaker 1: JP Morgan, all of these scumbags from all these other banks,
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  Speaker 1: Well they get to go home and still swim around
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  Speaker 1: in their money like Scrooge mcdug. Oh, what are you
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  Speaker 1: gonna find them? Big deal? Shareholders are gonna pay that.
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  Speaker 1: So there's really never any kind of punishment for these people,
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  Speaker 1: no tangible punishment that actually means something. Raykoff also noted
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  Speaker 1: that JP Morgan doesn't dispute that the bank was the
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  Speaker 1: source of that money. Put together, Raycoff said, the survivor's
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  Speaker 1: lawsuit seems like it easily satisfies the requirements of class certification.
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  Speaker 1: The only remaining question, the judge added, was whether the
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  Speaker 1: bank knowingly profited from the bank's sex trafficking scheme. One
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  Speaker 1: hundred percent they did. How many more emails do we
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  Speaker 1: need to see? Is anybody convinced by their lackluster denials
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  Speaker 1: and their noodle alarmed attempts to back away from Jeffrey
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  Speaker 1: Epstein Give me a break already. We know what you
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  Speaker 1: were up to. And furthermore, here's where the rubber meets
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  Speaker 1: the road. If you were still in business with old
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  Speaker 1: egg Dick after he was convicted, then you have no
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  Speaker 1: leg to stand on. I've said this since the very
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  Speaker 1: beginning of all of this. If you were hanging out
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  Speaker 1: with this dude after his conviction, you, my friend, are
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  Speaker 1: an absolute gigantic pile of steaming shit. Okay. And as
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  Speaker 1: far as these banks are institutions or the new CIA
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  Speaker 1: director acting like they have no idea, I don't believe
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  Speaker 1: them for one single second. And anybody telling you that
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  Speaker 1: that they had no idea who Epstein was blah blah blah,
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  Speaker 1: Well they're liars. Class action lawsuits must meet and show
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  Speaker 1: four common features numerosity having enough plaintiffs, commonality ie regarding
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  Speaker 1: matters of law and fact, typicality ie containing similar legal arguments,
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  Speaker 1: and adequacy IE meaning common interests. On the first requirement,
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  Speaker 1: the survivors say the numerosity itself is evident. Jeffrey Epstein
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  Speaker 1: will go down in history as the world's most brazen
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  Speaker 1: and serial sex offender who, with the assistance of a
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  Speaker 1: money hungry bank jpmc ran a decade long sex trafficking
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  Speaker 1: operation and destroyed the lives of literally hundreds of young females.
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  Speaker 1: The survivor's attorney wrote in the preliminary statement of their motion,
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  Speaker 1: the crucial element that allowed Jeffrey Epstein to perpetrate these
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  Speaker 1: crimes four years was his access to loads of cash
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  Speaker 1: from a bank that knew exactly what he was doing
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  Speaker 1: and helped them avoid regulator's scrutiny so that the bank
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  Speaker 1: could have its take. Was Epstein's secret weapon that made
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  Speaker 1: decades of sexual abuse and trafficking possible. Let's be clear Okay,
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  Speaker 1: there is no criminal enterprise in the whole entire world
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  Speaker 1: that is not utilizing the financial sector. How do you
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  Speaker 1: think they washed their money? What do you think money
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  Speaker 1: laundering operations are set up for so that they can
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  Speaker 1: wash the dirty money, pump it right back into the
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  Speaker 1: financial system, and keep it moving so they can go
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  Speaker 1: buy a fifty million dollar townhouse that nobody's ever going
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  Speaker 1: to live in so they can launder their money through it.
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  Speaker 1: I mean, if I know this, and once again, certainly
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  Speaker 1: not the brightest guy in the room, then I'm guessing
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  Speaker 1: the regulators all know this and they're just ignoring it
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  Speaker 1: and they don't care. That's what it comes down to.
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  Speaker 1: They do not care. Epstein was able to do whatever
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  Speaker 1: he wanted. Everybody who was working at JP Morgan at
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  Speaker 1: the time in one of these positions of power knew
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  Speaker 1: what he was doing, and they all decided that profits
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  Speaker 1: meant more than people. And frankly, I think that's more
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  Speaker 1: than speculation at this point, considering those emails that we
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  Speaker 1: just saw. Since originally filed late last year, the lawsuit
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  Speaker 1: against JP Morgan has been pursued by a single anonymous plaintiff,
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  Speaker 1: Jane Doe, who has made alarming allegations against the bank's
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  Speaker 1: highest ranking officials. DOE accused its former senior executive Jess Stay,
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  Speaker 1: of sexual assault, and her lawsuit details some of the
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  Speaker 1: twelve hundred emails that Staley exchanged with Epstein during a
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  Speaker 1: four year period. Staley has not faced any criminal charges. Well,
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  Speaker 1: who knows, right, we don't know what's going on behind
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  Speaker 1: the scenes. Is there a case opened up on Jess
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  Speaker 1: Staley and it's all being run as a covert undersealed
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  Speaker 1: sort of indictment could be possible. Likely, doubt it, but
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  Speaker 1: certainly possible. JP Morgan filed a separate lawsuit against Le
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  Speaker 1: claiming he concealed his personal activities with Epstein from the bank.
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  Speaker 1: Staley led the personal finance and investment divisions of the
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  Speaker 1: bank during his tenure. Council for the Survivors alleged that
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  Speaker 1: knowledge of Epstein's scheme even went higher. Epstein a JP
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  Speaker 1: Morgan customer between nineteen ninety eight and twenty thirteen, and
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  Speaker 1: the lawsuit claims that JP Morgan's top officials all the
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  Speaker 1: way up to CEO Jamie Diamond, knowingly profited from his
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  Speaker 1: sex trafficking. In two thousand and eight, Epstein became a
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  Speaker 1: registered sex offender after pleading guilty to soliciting prostitution from
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  Speaker 1: a minor, and the survivor's lawsuit alleges that Diamond reviewed
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  Speaker 1: his account months later. Epstein remained a customer for five
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  Speaker 1: more years before JP Morgan severed ties with him. So
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  Speaker 1: how's Jamie Diamond going to say in that deposition he
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  Speaker 1: had no idea about Jeffrey Epstein or what Epstein was
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  Speaker 1: up to. Really, that's what you're going to to go with.
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  Speaker 1: That's how you're gonna roll, Because boy, you're looking almost
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  Speaker 1: as bad as if you were knowing who he was.
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  Speaker 1: Are you really that stupid? And if you are, how
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  Speaker 1: can the shareholders have any confidence in you? Diamond was
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  Speaker 1: deposed on Friday. Former sex trafficking prosecutor Mitchell Epner said
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  Speaker 1: the class certification could multiply JP Morgan's legal woes. If
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  Speaker 1: Judge Rakoff grants class certification, as it appears he will,
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  Speaker 1: that greatly ratchets up the financial pressure on JP Morgan
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  Speaker 1: as a defendant, said Epner, a partner on Rottenberg Littmann
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  Speaker 1: Rich PC. The case at that point could only be
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  Speaker 1: settled on a class wide basis, which would require payments
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  Speaker 1: to far more people than the individuals who filed suit.
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  Speaker 1: Judge Rakoff signaled that he would try to issue a
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  Speaker 1: ruling by June twentieth, so that's very, very interesting stuff.
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  Speaker 1: The fact that this might go to a class action
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  Speaker 1: suit is all bad for JP Morgan, at least financially.
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  Speaker 1: They'll get clipped and they'll have to pay out a
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  Speaker 1: lot of money. However, it still leaves us in neutral
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  Speaker 1: when it comes to criminal penalties. I'm tired of hearing
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  Speaker 1: civil penalties in this case. I'm tired of hearing about lawsuits.
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  Speaker 1: Let's hear about some bracelets going clink on someone's wrists.
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  Speaker 1: All right, folks, that's gonna do it for this one.
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  Speaker 1: All of the information that goes with the episode can
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  Speaker 1: be found in the description box.