Latest / Beyond The Horizon / Jes Staley And The Transcripts From His Epstein Related Trip To Congress (Part 13) (9/7/26)

Transcript

Jes Staley And The Transcripts From His Epstein Related Trip To Congress (Part 13) (9/7/26) · Beyond The Horizon

• 0:00
  Speaker 1: What's up everyone and welcome to another episode of the
• 0:03
  Speaker 1: Epstein Chronicles. In this episode we're picking up where he
• 0:06
  Speaker 1: left off with Jeff Staley and his conversation with Congress.
• 0:10
  Speaker 1: Question sure, but here you're saying, or rather, here two
• 0:13
  Speaker 1: employees are talking about how you want JP Morgan to
• 0:16
  Speaker 1: keep Jeffrey Epstein's accounts in July of 2008. So shortly
• 0:21
  Speaker 1: after he started serving his sentence. And those cash accounts
• 0:24
  Speaker 1: are the things that are allowing him to facilitate the
• 0:27
  Speaker 1: sex trafficking. Answer, yeah, I was saying allowed to keep, well,
• 0:31
  Speaker 1: because you're making the implication that I knew the continuum.
• 0:35
  Speaker 1: All I was suggesting was that to keep his checking account.
• 0:38
  Speaker 1: I was not aware of the cash payments and what
• 0:41
  Speaker 1: he was doing with that amount of cash. Question, so
• 0:45
  Speaker 1: to be clear, your testimony is that you had no
• 0:47
  Speaker 1: awareness of the cash payments in July of 2008? Answer again,
• 0:52
  Speaker 1: I don't know the exact timing when I learned about
• 0:55
  Speaker 1: the cash payments. Question right, but the timing is relevant
• 0:59
  Speaker 1: because you were advocating for J.P. Morgan to keep his
• 1:01
  Speaker 1: cash accounts. Answer, to keep his checking account. Question correct,
• 1:06
  Speaker 1: thank you. So you were aware of the significant cash
• 1:09
  Speaker 1: withdrawals in July of 2008? Answer, I'm saying I don't
• 1:13
  Speaker 1: know exactly what the date I became aware of it was. Question,
• 1:17
  Speaker 1: so you may have been aware of them then and
• 1:20
  Speaker 1: still may have been advocating for J.P. Morgan to keep
• 1:22
  Speaker 1: his accounts? Answer, I may or may not have. Now
• 1:26
  Speaker 1: we have Ms. Stansberry asking the questions. Hello, Staley. Hello. Question,
• 1:31
  Speaker 1: it's been a long day. My questions are a little
• 1:34
  Speaker 1: more narrative and broad in scope than the specificity of
• 1:37
  Speaker 1: interactions trying to really piece together some of the stories
• 1:40
  Speaker 1: and timeline. But my opening question is really, I'm curious
• 1:44
  Speaker 1: about your relationship with Epstein's trusts. Staley, his trusts. Stansberry,
• 1:49
  Speaker 1: his trusts. Are you affiliated with any trusts currently or
• 1:52
  Speaker 1: have you been over the past 10 years? Staley, currently no.
• 1:56
  Speaker 1: And at the time of? Stansberry, or I'm sorry, since 2019,
• 2:01
  Speaker 1: since he died. Staley, I believe that there was a
• 2:04
  Speaker 1: time when I was a signator where I signed as
• 2:07
  Speaker 1: either an executor or a trustee to his trust. Stansberry,
• 2:12
  Speaker 1: and is that his personal estate trust? Answer, I believe
• 2:15
  Speaker 1: it was. Question, okay. And so you were one of
• 2:18
  Speaker 1: the three executors of that trust? Staley, at one point
• 2:21
  Speaker 1: in time. Question, okay. Answer, but then I declined it.
• 2:26
  Speaker 1: So I declined it and ultimately was not and am
• 2:29
  Speaker 1: not an executor or trustee, nor have I ever received
• 2:32
  Speaker 1: compensation as such. Question, so that's my next question. Have
• 2:37
  Speaker 1: you ever received compensation from his estate since 2019? Answer, no. Question, okay.
• 2:44
  Speaker 1: Going back to questions about J.P. Morgan, and just to reiterate,
• 2:47
  Speaker 1: so J.P. Morgan began its relationship with Mr. Epstein several
• 2:50
  Speaker 1: years before you took over that account, correct? Answer, yes. Question, okay.
• 2:55
  Speaker 1: And just trying to understand your management of Mr. Epstein's account.
• 2:59
  Speaker 1: I understand that you were an executive as opposed to
• 3:01
  Speaker 1: kind of a day-to-day account manager. So what was the
• 3:04
  Speaker 1: nature of your management of that relationship? Or what did
• 3:08
  Speaker 1: it entail? Answer, I was introduced to J.P. Morgan by
• 3:12
  Speaker 1: or to Jeffrey Epstein by then CEO of J.P. Morgan
• 3:15
  Speaker 1: with the idea that Jeffrey had a network of ultra
• 3:18
  Speaker 1: high net worth individuals, particularly in New York that might
• 3:22
  Speaker 1: benefit the private bank. So it was around those contacts
• 3:25
  Speaker 1: and we went through a list of wealthy, influential people
• 3:28
  Speaker 1: that he introduced us to. Question, do you not oversee
• 3:32
  Speaker 1: or manage in any way the transactions of Epstein's personal
• 3:35
  Speaker 1: business accounts? Answer, no. Question, did you ever have any
• 3:40
  Speaker 1: knowledge of how those accounts were being financially managed, the
• 3:44
  Speaker 1: source of the wealth, how the wealth was being moved? Answer, no.
• 3:48
  Speaker 1: I always had a question about how his wealth came from.
• 3:51
  Speaker 1: The only thing I was aware of was that he
• 3:53
  Speaker 1: had a close relationship with Les Wexner. Question, and so
• 3:56
  Speaker 1: your management of the relationship with Epstein was more of
• 3:59
  Speaker 1: a kind of glad handling, business management, client management kind
• 4:03
  Speaker 1: of relationship? Is that what you would say? Or how
• 4:06
  Speaker 1: would you describe it? Answer, just knowing or having a
• 4:09
  Speaker 1: relationship with a client of the private bank who had
• 4:12
  Speaker 1: an incredible network and was willing to share that network
• 4:14
  Speaker 1: with the bank. And then, as I said earlier, he
• 4:17
  Speaker 1: was instrumental in a very important transaction for J.P. Morgan
• 4:20
  Speaker 1: and for my career. in about 2004. Question, what transaction
• 4:25
  Speaker 1: was that? Answer, which is the acquisition of Highbridge Capital Corporation? Question, okay. Answer,
• 4:33
  Speaker 1: so Morgan was a traditional asset management firm. Back then,
• 4:37
  Speaker 1: traditional asset managers like Fidelity and Capital would not mix
• 4:40
  Speaker 1: with alternative asset managers. And this was really the first
• 4:44
  Speaker 1: time in the industry that that happened. And it changed
• 4:46
  Speaker 1: dramatically the trajectory of Morgan's asset management business. Stansberry, okay.
• 4:52
  Speaker 1: And in terms of your relationship, I mean, whether it
• 4:54
  Speaker 1: was personal or not personal, whether it was a business,
• 4:57
  Speaker 1: you did travel to Mr. Epstein's Island on several occasions, correct? Staley,
• 5:02
  Speaker 1: I went there once with my family. I stopped there
• 5:04
  Speaker 1: once for a couple of hours for a lunch. And
• 5:06
  Speaker 1: then I transited from, I used his island as a
• 5:08
  Speaker 1: transit to St. Thomas on a helicopter. Stansbury, and was Mr.
• 5:13
  Speaker 1: Epstein present during any of these visits? Staley, so in
• 5:17
  Speaker 1: terms of the visit per se, I would say only once. Stansbury, okay, sorry.
• 5:21
  Speaker 1: Was Mr. Epstein present during those visits? Staley, during the
• 5:24
  Speaker 1: visit with my family, yes, he was there. And when
• 5:27
  Speaker 1: we stopped by for lunch, he was there. Question, and
• 5:30
  Speaker 1: you visited Mr. Epstein's townhouse a number of times, correct? Answer, correct. Question,
• 5:35
  Speaker 1: did you ever attend any social functions at his house
• 5:38
  Speaker 1: that might be characterized as parties or dinners or anything
• 5:41
  Speaker 1: like that? Staley, lunches or dinners? Yes, parties. I wouldn't
• 5:45
  Speaker 1: characterize them as parties. Question, did you ever witness any
• 5:48
  Speaker 1: women there in a social capacity during your time at
• 5:51
  Speaker 1: the island or at the townhouse in New York? Staley, no.
• 5:55
  Speaker 1: Some of his guests, like at lunch, would be women
• 5:58
  Speaker 1: from academia or the media. I can give you names. Question,
• 6:02
  Speaker 1: and then I just want to get back to the
• 6:04
  Speaker 1: peculiar exchange via email in 2010. Why were you emailing
• 6:08
  Speaker 1: Epstein about women and referring to these women by Disney characters? Staley,
• 6:12
  Speaker 1: by what? Question, by Disney character names, like Snow White,
• 6:16
  Speaker 1: just why? I mean, just to help us understand why. Staley, yeah, again,
• 6:21
  Speaker 1: I don't recall Snow White. It's over a 15-year period
• 6:24
  Speaker 1: of thousands of emails. There's one email I don't recall. Question,
• 6:29
  Speaker 1: just give us a little insight. Why would you have
• 6:31
  Speaker 1: been emailing Mr. Epstein about women and calling them these
• 6:34
  Speaker 1: kinds of nicknames? Staley, again, I may have happened on
• 6:38
  Speaker 1: one or two occasions. I don't think I made a
• 6:40
  Speaker 1: practice of doing that. Question, I'm sorry, say that again. Staley,
• 6:45
  Speaker 1: I don't think I made that a practice. Stansberry, well,
• 6:49
  Speaker 1: we have the emails that we just presented to you.
• 6:51
  Speaker 1: You're not going to answer the question? Staley, I think
• 6:54
  Speaker 1: I did answer the question. Stansberry, what's your answer? Staley,
• 6:58
  Speaker 1: and again, I think it happened. I don't remember Snow White.
• 7:01
  Speaker 1: I don't remember the email. And over the span of
• 7:04
  Speaker 1: my relationship with him, 2,000 emails and whatnot, I don't
• 7:07
  Speaker 1: think so. That's my answer. Question, thank you. That concludes
• 7:11
  Speaker 1: the second round of the minorities question. We'll go off
• 7:14
  Speaker 1: the record. Now they come back on and it's Ms.
• 7:17
  Speaker 1: Toland doing the questioning. Question, just a few follow-up questions
• 7:21
  Speaker 1: on something we were discussing earlier. Were you not aware
• 7:24
  Speaker 1: that Redacted was a victim of Jeffrey Epstein's? Answer, no,
• 7:28
  Speaker 1: I was not. Question, did you ever become aware? Answer, no. Question,
• 7:32
  Speaker 1: the committee has reviewed documents that show Redacted was emotionally
• 7:35
  Speaker 1: and physically abused by Jeffrey Epstein for many years. Did
• 7:39
  Speaker 1: she ever mention anything to you that caused you concern
• 7:42
  Speaker 1: about her working for Mr. Epstein? Answer, no, she did not. Question,
• 7:46
  Speaker 1: did she ever mention to you that Mr. Epstein would
• 7:48
  Speaker 1: instruct her on how to dress and where she could
• 7:50
  Speaker 1: go or other restrictions? Answer, no, she did not. Question,
• 7:54
  Speaker 1: were there any other red flags that she might have
• 7:56
  Speaker 1: mentioned to you or that you might have saw? Answer, no. Question,
• 8:01
  Speaker 1: do you know if Jeffrey Epstein was involved in securing
• 8:03
  Speaker 1: her apartment lease at East 301 66th Street? Answer, I
• 8:07
  Speaker 1: was aware that the apartment was owned by his or
• 8:10
  Speaker 1: the apartment building was owned by his brother and so
• 8:12
  Speaker 1: there was that connection. Question, but do you know if Mr.
• 8:15
  Speaker 1: Epstein was directly involved in Redacted's lease at that building? Answer,
• 8:19
  Speaker 1: I don't know. Question, do you know if he paid
• 8:21
  Speaker 1: her rent? Answer, I don't know. Question, did he direct
• 8:24
  Speaker 1: her to live there? Answer, I don't know. Question, that's all.
• 8:28
  Speaker 1: Now it's Ms. Brignac again doing the questioning. Question, Mr. Staley,
• 8:32
  Speaker 1: bear with me. If I ask any repetitive questions to
• 8:35
  Speaker 1: make sure the record is clear. You mentioned that Mr.
• 8:38
  Speaker 1: Epstein explained he would use cash withdrawals for flight fuel.
• 8:41
  Speaker 1: Did you ever alert him? That his cash withdrawals were
• 8:44
  Speaker 1: flagged by the bank as suspicious? Answer, I think Paul
• 8:47
  Speaker 1: Morris did. Question, did you? Answer, I don't know if
• 8:51
  Speaker 1: I had a conversation with Jeffrey about cash withdrawals. I
• 8:55
  Speaker 1: think that they were a red flag and the bank
• 8:57
  Speaker 1: should notice it, so I probably did. Question, did you
• 9:00
  Speaker 1: ever alert Mr. Epstein that he was categorized as high-risk client? Answer,
• 9:04
  Speaker 1: I believe so, yes. Question, when would that have been? Answer,
• 9:09
  Speaker 1: after 2006, I think. Question, what was his response? Answer,
• 9:13
  Speaker 1: I don't recall. Question, did he ask you to give
• 9:16
  Speaker 1: any input with the bank in their consideration of his categorization? Answer, no. Question,
• 9:21
  Speaker 1: did you ever advise Mr. Epstein on how to structure
• 9:24
  Speaker 1: cash withdrawals? Answer, never. Question, did you ever advise Mr.
• 9:28
  Speaker 1: Epstein on how to avoid flags by JP Morgan? Answer, never. Question,
• 9:33
  Speaker 1: did you ever advise Mr. Epstein on how to change
• 9:36
  Speaker 1: his categorization as a high-risk client? Answer, never. Question, is
• 9:40
  Speaker 1: there any appeal process at JP Morgan for a client
• 9:43
  Speaker 1: who's flagged as high risk? Answer, an appeal process. Question, uh-huh. Answer,
• 9:48
  Speaker 1: I imagine someone can go to the compliance department or
• 9:50
  Speaker 1: legal department and ask for it to be reviewed, but
• 9:53
  Speaker 1: I don't know that there's a formal appeal process. Question,
• 9:57
  Speaker 1: have you ever asked Mr. Cutler to hear out any
• 9:59
  Speaker 1: other client who was at risk of losing their membership
• 10:01
  Speaker 1: at J.P. Morgan? Answer, not that I recall. Question, why'd
• 10:05
  Speaker 1: you do this for Mr. Epstein? Answer, I knew him.
• 10:08
  Speaker 1: You know, again, he made important referrals to the bank.
• 10:10
  Speaker 1: And so I asked Steve Cutler to get involved. And
• 10:13
  Speaker 1: also Epstein, I think, hired some very high profile lawyers
• 10:16
  Speaker 1: and I thought they could connect with Steve Cutler and
• 10:18
  Speaker 1: get to the right conclusion. Question, do you think the
• 10:21
  Speaker 1: fact that Mr. Cutler met with Mr. Epstein on this
• 10:24
  Speaker 1: swayed the bank's decision to retain Mr. Epstein as a client? Answer,
• 10:28
  Speaker 1: I think Steve Cutler would have the authority to change
• 10:30
  Speaker 1: the bank's position if he felt that was necessary. Question,
• 10:34
  Speaker 1: did you ever hear about the conversation between Epstein and Cutler? Answer,
• 10:38
  Speaker 1: not that I recall. Question, did you ever hear about
• 10:40
  Speaker 1: the meeting? Answer, I believe they met, yes. Question, was Mr.
• 10:44
  Speaker 1: Epstein always with Private Bank of J.P. Morgan? Answer, as
• 10:47
  Speaker 1: opposed to. Question. Any other division at J.P. Morgan? Answer, yes,
• 10:52
  Speaker 1: it was always the private bank. Question, have you ever
• 10:54
  Speaker 1: interacted with Mr. Indyke, Richard Indyke? Answer, I think I
• 10:58
  Speaker 1: met him, but I wouldn't say I interacted with him. Question,
• 11:01
  Speaker 1: I apologize, have you ever interacted with Darren Indyke? Answer, oh,
• 11:06
  Speaker 1: I wouldn't say I interacted with him. I crossed him
• 11:08
  Speaker 1: in Mr. Epstein's office once or twice, but didn't interact
• 11:11
  Speaker 1: with him. Question, have you ever interacted with Richard Kahn? Answer, no. Question,
• 11:16
  Speaker 1: did you ever work with Darren Indyke on a transaction
• 11:19
  Speaker 1: for Mr. Epstein? Answer, no. Question, were you ever trained
• 11:22
  Speaker 1: on suspicious activity report requirements? Answer, you know, I had
• 11:26
  Speaker 1: to pass things like Series 7 exams and other exams
• 11:29
  Speaker 1: and whatnot, but I don't know if I had a
• 11:31
  Speaker 1: specific course. Question, did you ever discuss requirements with Mr. Epstein? Answer, no. Question,
• 11:37
  Speaker 1: do you still do bank with JP Morgan? Answer, no. Question,
• 11:41
  Speaker 1: why did you change banks? Answer, I was asked to
• 11:44
  Speaker 1: withdraw my accounts. Question, by who? Answer, by JP Morgan. Question,
• 11:48
  Speaker 1: by who at JP Morgan? Answer, I don't recall. Question,
• 11:51
  Speaker 1: why'd they ask you to withdraw your accounts? Answer, I
• 11:54
  Speaker 1: think because of the issues around Epstein. Question, does JP
• 11:57
  Speaker 1: Morgan blame you for the reputational damage caused by Mr. Epstein? Answer,
• 12:01
  Speaker 1: I believe they have, yes. Question, do you agree with
• 12:04
  Speaker 1: them on that? Answer, no. Question, what do you think
• 12:07
  Speaker 1: JP Morgan could have done differently? Answer, I think as
• 12:10
  Speaker 1: I said, everything from rapid response teams to compliance to
• 12:13
  Speaker 1: legal to credit to have this enormous infrastructure in the bank.
• 12:17
  Speaker 1: The banking team itself, they were responsible for his accounts,
• 12:20
  Speaker 1: knowing what's going on in accounts, monitoring his accounts. I
• 12:24
  Speaker 1: was a senior executive for most of the time running
• 12:27
  Speaker 1: the investment bank, and yet the bank places responsibility on
• 12:30
  Speaker 1: my shoulders as opposed to what clearly was the responsibility
• 12:33
  Speaker 1: of the bank. Question, did you ever tell anyone at
• 12:36
  Speaker 1: the bank that they should react differently? Answer, again, I
• 12:39
  Speaker 1: was running the investment bank, but clearly encouraged the bank
• 12:42
  Speaker 1: to do its investigation, to manage the account properly, to
• 12:46
  Speaker 1: file the proper reports with authorities, and to do the
• 12:48
  Speaker 1: right thing. Question, who did you make those requests to? Answer,
• 12:53
  Speaker 1: I think it would have been in the conversations with
• 12:55
  Speaker 1: people like Steve Cutler, like Langford, like Mary, and others.
• 13:00
  Speaker 1: All right, folks, we're going to wrap up right here.
• 13:01
  Speaker 1: And in the next episode, dealing with the topic, we're
• 13:04
  Speaker 1: going to pick up with... Question, why then ask Steve
• 13:07
  Speaker 1: Cutler to hear Mr. Epstein out if you think they
• 13:10
  Speaker 1: should have acted differently in retaining him as a client?
• 13:13
  Speaker 1: All the information that goes with this episode can be
• 13:16
  Speaker 1: found in the description box.