Latest / The Epstein Chronicles / Jes Staley And The Transcripts From His Epstein Related Trip To Congress (Part 16) (9/8/26)

Transcript

Jes Staley And The Transcripts From His Epstein Related Trip To Congress (Part 16) (9/8/26) · The Epstein Chronicles

• 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 getting right back to
• 0:06
  Speaker 1: the Jess Daly transcript from his trip to Congress. Question.
• 0:10
  Speaker 1: I'd like to introduce as Minority Exhibit T an internal
• 0:13
  Speaker 1: due diligence report with an embedded article on Mr. Epstein
• 0:17
  Speaker 1: titled The Sex Trafficking Model Scout dated August 4th, 2010.
• 0:22
  Speaker 1: The Bates number is EFTA 02811303. Question. This article describes
• 0:31
  Speaker 1: the modeling agency MC2, which it notes that Mr. Epstein funded,
• 0:35
  Speaker 1: and allegations that Mr. Epstein and Jean-Luc Brunel, quote, deliberately
• 0:39
  Speaker 1: engaged in a pattern of racketeering and involved luring minor
• 0:43
  Speaker 1: children through MC2, mostly girls, under the age of 17,
• 0:47
  Speaker 1: to engage in sexual play for money. The article further
• 0:51
  Speaker 1: states that, quote, civil complaints allege that young girls from
• 0:54
  Speaker 1: South America, Europe, and the former Soviet Republic, few of
• 0:58
  Speaker 1: whom spoke English, were recruited for Mr. Epstein's sexual pleasure.
• 1:03
  Speaker 1: Do you recall having internal discussions about this article or
• 1:06
  Speaker 1: the allegations it describes? Answer, no. Question, do you recall
• 1:10
  Speaker 1: having internal discussions about the modeling agency MC2? Answer, no. Question,
• 1:15
  Speaker 1: in a deposition, in a class action against J.P. Morgan,
• 1:18
  Speaker 1: you were asked whether you remembered hearing in a 2010
• 1:22
  Speaker 1: about civil complaints that had been brought against Mr. Epstein.
• 1:25
  Speaker 1: You testified that you did remember hearing that those lawsuits,
• 1:30
  Speaker 1: and that you discussed them with others at J.P. Morgan.
• 1:33
  Speaker 1: So would you like to correct your answer? Answer, but
• 1:36
  Speaker 1: you were asking whether I was aware of this article
• 1:38
  Speaker 1: about MC Squared, right? Question, I asked if you recalled
• 1:41
  Speaker 1: having any internal discussion about this article or the allegations
• 1:45
  Speaker 1: that it describes. Answer, or the allegations, yeah. I may
• 1:49
  Speaker 1: have had conversations about the allegations. Question, in your testimony
• 1:53
  Speaker 1: is that, class action again, you said you remembered hearing
• 1:56
  Speaker 1: about these lawsuits. and you discussed them with others at J.P. Morgan.
• 2:01
  Speaker 1: You also testified that, quote, it was terrible news, and
• 2:04
  Speaker 1: it was shocking. Obviously, he lied to me. That's what
• 2:07
  Speaker 1: I recall. When you testified that Mr. Epstein lied to you,
• 2:11
  Speaker 1: what exactly did you believe he lied to you about? Answer,
• 2:15
  Speaker 1: in 2006, he lied that he solicited underage prostitutes. Question,
• 2:20
  Speaker 1: if you knew in 2010 that Mr. Epstein had lied
• 2:23
  Speaker 1: to you about his victim's ages, and you thought that
• 2:26
  Speaker 1: it was a terrible and shocking... As you said in
• 2:28
  Speaker 1: your testimony, why did you continue to push for JP
• 2:31
  Speaker 1: Morgan to keep Mr. Epstein as a client? Answer, I
• 2:35
  Speaker 1: don't believe I pushed JP Morgan to keep Epstein as
• 2:38
  Speaker 1: a client. And again, I was running a completely different
• 2:41
  Speaker 1: part of the bank, was not involved in his accounts
• 2:44
  Speaker 1: or his business at all with the bank. Question to
• 2:47
  Speaker 1: be clear, you are saying that you did not believe
• 2:51
  Speaker 1: that you pushed JP Morgan to keep Jeffrey Epstein as
• 2:53
  Speaker 1: a client? Answer, that's correct. Question, I would like to
• 2:57
  Speaker 1: introduce as Minority Exhibit U, an email chain between J.P.
• 3:01
  Speaker 1: Morgan employees, including William Langford, Philip DeLuca, Nina Nichols, Mary
• 3:06
  Speaker 1: Ann Ryan, and Arthur Middlemiss. From January 7th, 2011. Question.
• 3:14
  Speaker 1: I believe the email chain starts on the last page.
• 3:18
  Speaker 1: In the first email of the chain, Mr. Ryan sends Mr.
• 3:20
  Speaker 1: DeLuca summary of a rapid response meeting on Mr. Epstein.
• 3:24
  Speaker 1: In the third paragraph, she says, quote, Jeffrey is a
• 3:27
  Speaker 1: friend of Jess S., and Catherine feels that PB, along
• 3:31
  Speaker 1: with William, should meet with them to explain the HD
• 3:34
  Speaker 1: project and explain the bank's recognition of the project and
• 3:38
  Speaker 1: whether Epstein, it further exposed, could have potential serious impact. First,
• 3:42
  Speaker 1: we understand that Catherine refers to Miss Keating, that William
• 3:46
  Speaker 1: refers to William Langford, JP Morgan's director of anti-money laundering,
• 3:51
  Speaker 1: that PB refers to private bank, and that HT project
• 3:55
  Speaker 1: refers to human trafficking project. So, according to Ms. Ryan, Ms.
• 4:00
  Speaker 1: Keating believed that she, along with Mr. Langford, needed to
• 4:03
  Speaker 1: meet with you to explain J.P. Morgan's human trafficking project
• 4:07
  Speaker 1: and the impact of Mr. Epstein's crimes, if further exposed,
• 4:10
  Speaker 1: could have on the project, correct? Answer, yes. Question. Would
• 4:15
  Speaker 1: you agree that this statement makes clear that at this
• 4:18
  Speaker 1: point in early 2011, J.P. Morgan already suspected that Mr.
• 4:22
  Speaker 1: Epstein was engaging in sex trafficking? Answer, yes. Question. Question.
• 4:27
  Speaker 1: In the next paragraph, Ms. Ryan says, quote, Epstein was
• 4:30
  Speaker 1: released in July from house arrest and the Palm Beach
• 4:33
  Speaker 1: carried two articles saying DOJ may be investigating for child
• 4:37
  Speaker 1: sex trafficking via a modeling agency he's part owner in.
• 4:41
  Speaker 1: I think Catherine believes that after the briefing on HT
• 4:44
  Speaker 1: that Jess would need to point blank ask Jeffrey the
• 4:47
  Speaker 1: status of any criminal investigations. Did you ask Mr. Epstein
• 4:52
  Speaker 1: about the status of any federal investigation into him? Answer,
• 4:56
  Speaker 1: I don't recall. Question, you have no memory of asking Mr.
• 4:59
  Speaker 1: Epstein in early 2011 about investigations into him, specifically criminal
• 5:04
  Speaker 1: investigations for sex trafficking? Answer, obviously I was aware of it.
• 5:09
  Speaker 1: He was being investigated. I don't recall if I had
• 5:12
  Speaker 1: specific conversations with him. Question, Ms. Ryan continues, quote, Catherine
• 5:17
  Speaker 1: made sure that we knew that no one on today's
• 5:19
  Speaker 1: call was in favor of having retained him as a client.
• 5:23
  Speaker 1: Seems it's all due to Jess's personal relationship, note, He
• 5:26
  Speaker 1: has about $ 212 million in the bank. Would you agree
• 5:29
  Speaker 1: that at this point, JP Morgan's retention of Mr. Epstein
• 5:33
  Speaker 1: as a client was due to your personal relationship with him? Answer, no,
• 5:37
  Speaker 1: I would not. Question, what was it due to? Answer,
• 5:40
  Speaker 1: I think the bank had full authority to close his
• 5:42
  Speaker 1: accounts and close his business. It wasn't up to me
• 5:45
  Speaker 1: to make that decision. I was not involved in that decision.
• 5:49
  Speaker 1: I wasn't in the rapid response team. I wasn't involved
• 5:52
  Speaker 1: in any of the process. I knew Epstein, but I
• 5:54
  Speaker 1: think the bank and the people... from Catherine Keating on down,
• 5:58
  Speaker 1: had the authority to close the account and chose not to.
• 6:01
  Speaker 1: But I think they significantly restricted its activities to the bank.
• 6:06
  Speaker 1: Question you mentioned throughout this email, though multiple times by
• 6:09
  Speaker 1: multiple people, clearly you are central to the entire decision. Sullivan, question, answer. Staley, no. Question,
• 6:18
  Speaker 1: how can you say that you weren't involved in it?
• 6:20
  Speaker 1: And if you weren't involved in it, why are so
• 6:22
  Speaker 1: many people talking about how they have to talk to
• 6:25
  Speaker 1: you About Mr. Epstein. Answer. In the meetings discussed. Discussing
• 6:30
  Speaker 1: Epstein's accounts. Was I in the meetings with all the
• 6:33
  Speaker 1: people that were listed? Question were you? Answer no. Question.
• 6:38
  Speaker 1: In the last paragraph of the email. Ms. Ryan says quote.
• 6:41
  Speaker 1: The one new concerning thing. Is the one article about
• 6:44
  Speaker 1: the DOJ investigation. Is saying they brought underage girls to
• 6:48
  Speaker 1: the US. Via a modeling agency MC squared. That's owned
• 6:52
  Speaker 1: by a guy. Named Brunel. Turns out. The banker said
• 6:56
  Speaker 1: today we extended Epstein a loan in relation to the
• 6:58
  Speaker 1: modeling agency. We believe she means MC squared. Would you
• 7:03
  Speaker 1: agree that at this point in early 2011, JP Morgan
• 7:06
  Speaker 1: had reason to believe that the bank had directly funded Mr.
• 7:09
  Speaker 1: Epstein's sex trafficking operation? Answer again. I was not part
• 7:13
  Speaker 1: of this. I was not part of the area of
• 7:16
  Speaker 1: the bank any longer. So, you know, you know, I
• 7:18
  Speaker 1: know to ask to tell me or tell you what
• 7:22
  Speaker 1: the bank was thinking. It's more important you ask the bank. Question.
• 7:26
  Speaker 1: At the bottom of the email, Ms. Ryan says, quote,
• 7:28
  Speaker 1: bottom line, we need W to meet with Jess to
• 7:31
  Speaker 1: explain HD, and then Jess could decide the next step.
• 7:35
  Speaker 1: We understand that this means that Mr. Langford needs to
• 7:38
  Speaker 1: meet with you and explain human trafficking, and then you
• 7:42
  Speaker 1: can decide the next steps. As you've pointed out multiple times,
• 7:46
  Speaker 1: you were the CEO of the investment banking division at
• 7:49
  Speaker 1: this time, correct? Answer. Yeah, not the private bank. Question.
• 7:53
  Speaker 1: So you did not have authority over asset management or
• 7:56
  Speaker 1: the private bank, correct? Answer, that is correct. Question, so
• 8:01
  Speaker 1: then why did J.P. Morgan's director of anti-money laundering, or
• 8:04
  Speaker 1: anyone else for that matter, need to talk to you
• 8:07
  Speaker 1: about Mr. Epstein? Answer, I think you should ask him. Question,
• 8:11
  Speaker 1: why would all these people from different divisions at J.P.
• 8:13
  Speaker 1: Morgan repeatedly talk about how they need to go to
• 8:17
  Speaker 1: you to talk about Mr. Epstein, to explain human trafficking,
• 8:20
  Speaker 1: if you don't have a significant role in the decision
• 8:23
  Speaker 1: to to keep Epstein as a client? Answer, and I
• 8:27
  Speaker 1: think you need to ask them, but I don't have
• 8:29
  Speaker 1: a significant role in the decision to keep Epstein as
• 8:32
  Speaker 1: a client. It's a completely different, completely different part of
• 8:36
  Speaker 1: the bank. Question, I'm sorry? Answer, it was a completely
• 8:40
  Speaker 1: different part of the bank than what I was responsible for. Question,
• 8:43
  Speaker 1: I understand that. In the next email on the chain, Mr.
• 8:47
  Speaker 1: DeLuca towards Ms. Ryan's email to Ms. Nichols, who is
• 8:50
  Speaker 1: new on the team. He provides Ms. Nichols with some
• 8:54
  Speaker 1: background information, including that Mr. Epstein, quote, is alleged to
• 8:58
  Speaker 1: be involved in the human trafficking of young girls, and
• 9:01
  Speaker 1: that Mr. Epstein, quote, is also an alleged personal associate
• 9:05
  Speaker 1: of the CEO of investment bank Jess Daly. Do you
• 9:09
  Speaker 1: agree that Mr. Epstein was a, quote, personal associate of yours?
• 9:13
  Speaker 1: Answer again. As I've said, we had a professional relationship.
• 9:17
  Speaker 1: We obviously knew each other. I would not call it
• 9:19
  Speaker 1: a personal friendship. Question, I asked if you would agree
• 9:24
  Speaker 1: that Mr. Epstein was a, quote, personal associate of yours. Answer,
• 9:27
  Speaker 1: what does associate mean? Question, however you understand that word.
• 9:32
  Speaker 1: Answer again, I think it was a relationship based on
• 9:35
  Speaker 1: the business relationship that we had. I didn't view him
• 9:37
  Speaker 1: as a personal friend. Question, Mr. Langford then asked the
• 9:41
  Speaker 1: individual on the chain to pull prior emails and relevant
• 9:45
  Speaker 1: press reports, quote, so we can get all the facts
• 9:48
  Speaker 1: ASAP in advance of any meeting with Jess. The team
• 9:51
  Speaker 1: then exchanges emails about compiling information. Did Mr. Langford and
• 9:56
  Speaker 1: the management for the private bank meet with you at
• 9:58
  Speaker 1: this point? Answer, I don't recall. Question, you have no
• 10:02
  Speaker 1: recollection if they met with you and shared all the
• 10:05
  Speaker 1: facts relevant to Mr. Epstein's sex trafficking operation that they're
• 10:08
  Speaker 1: discussing compiling in advance of meeting with you? Answer, I don't. Question,
• 10:13
  Speaker 1: and finally, the last email on the chain, Ms. Ryan
• 10:17
  Speaker 1: explains that the renewed interest in Mr. Epstein was due
• 10:19
  Speaker 1: to alerts for cash activity and that in talking to
• 10:23
  Speaker 1: JPMorgan employees, she learned that, quote, PB was not so
• 10:27
  Speaker 1: thrilled with retaining him. It was all due to Jess. Answer,
• 10:31
  Speaker 1: that's not fair. Question, so you dispute her characterization? Answer, yes.
• 10:38
  Speaker 1: All right, folks, we're going to wrap up right here.
• 10:39
  Speaker 1: And in the next episode, we're going to pick up
• 10:41
  Speaker 1: with question I'd like to introduce as Minority Exhibit V.
• 10:46
  Speaker 1: All the information that goes with this episode can be
• 10:48
  Speaker 1: found in the description box.