Latest / The Epstein Chronicles / Jes Staley And The Transcripts From His Epstein Related Trip To Congress (Part 12) (9/6/26)

Transcript

Jes Staley And The Transcripts From His Epstein Related Trip To Congress (Part 12) (9/6/26) · 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 going to get right
• 0:06
  Speaker 1: back to that idiot Jeff Staley and his transcript from
• 0:10
  Speaker 1: his trip to Congress. Question. That same year, 2004, J.P.
• 0:17
  Speaker 1: Morgan noted $ 840, 000 in cash transactions in Mr. Epstein's J.P.
• 0:22
  Speaker 1: Morgan account. The next year, 2005, J.P. Morgan identified over $ 900, 000
• 0:29
  Speaker 1: in cash transactions from Mr. Epstein's personal J.P. Morgan account.
• 0:33
  Speaker 1: Earlier today, you said that significant cash withdrawals are a
• 0:36
  Speaker 1: red light. You have also previously testified in the class
• 0:40
  Speaker 1: action against J.P. Morgan that significant cash withdrawals are a
• 0:44
  Speaker 1: smoking gun. Would you agree that J.P. Morgan sat on
• 0:47
  Speaker 1: a red light or a smoking gun for nine years? Answer,
• 0:50
  Speaker 1: it seems like it. Question, as you know, Mr. Epstein
• 0:53
  Speaker 1: was arrested on July 23, 2006, on a single count
• 0:57
  Speaker 1: of soliciting prostitution from a minor. I'd like to introduce
• 1:01
  Speaker 1: you as Minority Exhibit O, an email exchange between you
• 1:05
  Speaker 1: and Mary Erdos on July 26, 2006, three days after Mr.
• 1:09
  Speaker 1: Epstein was arrested. Bates' number is EFTA 02818597. Question by redacted.
• 1:20
  Speaker 1: In the exchange, Ms. Erdos, who was head of J.P.
• 1:23
  Speaker 1: Morgan's private bank at the time, forwards you an email
• 1:25
  Speaker 1: from another J.P. Morgan employee, Philip Schlockman. In that email, Mr.
• 1:29
  Speaker 1: Schlockman links to an article in the Palm Beach Post
• 1:32
  Speaker 1: and writes, quote, it gets worse. In her email to you, Ms.
• 1:36
  Speaker 1: Erdo's comments, quote, so painful to read. To which you reply, quote,
• 1:41
  Speaker 1: went and saw him last night. I've never seen him
• 1:43
  Speaker 1: so shaken. He also adamantly denies the ages. First, do
• 1:48
  Speaker 1: you remember if you read the article in the Palm
• 1:50
  Speaker 1: Beach Post? Answer, I don't get the Palm Beach Post,
• 1:53
  Speaker 1: but I imagine at some point I read the article. Question,
• 1:56
  Speaker 1: I'll share two statements from it with you. A Palm
• 1:59
  Speaker 1: Beach Community College student said she gave Epstein a massage
• 2:04
  Speaker 1: in the nude, then brought him six girls ages 14
• 2:07
  Speaker 1: to 16 to massage and sex-tinged sessions at his home.
• 2:11
  Speaker 1: And quote, Epstein said he'd pay her to bring him
• 2:14
  Speaker 1: more girls. The younger, the better. Do you remember learning
• 2:17
  Speaker 1: about these allegations? Answer, I don't remember that quote, which
• 2:22
  Speaker 1: is horrendous. That was implied, but I knew that he
• 2:26
  Speaker 1: had been. You know, the article suggested... that he was
• 2:28
  Speaker 1: involved with inappropriate young women, and it was terrible, terrible accusation. Question,
• 2:35
  Speaker 1: what did you understand Mr. Schlockman to mean by, quote,
• 2:37
  Speaker 1: it gets worse? Answer, just that the article is commenting
• 2:41
  Speaker 1: on his, his activities that were terrible. Question, were there
• 2:45
  Speaker 1: statements in the article that were new information to J.P. Morgan?
• 2:49
  Speaker 1: Answer again, I didn't read the article, and so was
• 2:51
  Speaker 1: not aware of what was new or not new to J.P. Morgan.
• 2:55
  Speaker 1: But this implies that, yeah, because as it gets worse,
• 2:58
  Speaker 1: the implication is that Phil Schlackman is learning something more. Question,
• 3:03
  Speaker 1: the article makes repeated mention of Mr. Epstein's sexual abuse
• 3:07
  Speaker 1: and molestation of girls as young as 14. Could that
• 3:11
  Speaker 1: have been what Mr. Schlackman was referring to? Answer, that's just,
• 3:14
  Speaker 1: it's a horrible, horrible thing. And I imagine that's what
• 3:17
  Speaker 1: he was referring to. Question, you visited Mr. Epstein the
• 3:21
  Speaker 1: night of July 25th, 2006, correct? Answer, yes. Question, why
• 3:26
  Speaker 1: did you visit him? Answer, because this article had come
• 3:29
  Speaker 1: out making these horrible accusations and the bank was trying
• 3:32
  Speaker 1: to decide what to do with his accounts. So I
• 3:34
  Speaker 1: thought that I would hear what he had to say. Question,
• 3:38
  Speaker 1: did someone ask you to do this or did you
• 3:39
  Speaker 1: do it on your own accord? Answer, I believe I
• 3:42
  Speaker 1: did it on my own accord. Question, where did this
• 3:45
  Speaker 1: visit take place? Answer, in his office, I believe. Question,
• 3:49
  Speaker 1: and what did you ask Mr. Epstein? Answer, what's going on? Question,
• 3:53
  Speaker 1: and what did he say? Answer. I think he denied
• 3:55
  Speaker 1: the ages, which you know, looking back, is an admission
• 3:58
  Speaker 1: of guilt. Question. What do you mean, looking back, is
• 4:02
  Speaker 1: an admission of guilt? Answer. I mean, I said I'd
• 4:05
  Speaker 1: never seen him so shaken. He denied the ages, but
• 4:08
  Speaker 1: I think he was accepting that he was soliciting prostitutes. Question. Right.
• 4:12
  Speaker 1: He admitted the conduct, but denied the ages. Answer. Right. Question.
• 4:16
  Speaker 1: Did you believe Mr. Epstein when he denied the ages? Answer.
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  Speaker 1: I think I gave him the benefit of the doubt. Question,
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  Speaker 1: do you really think that Mr. Epstein could mistake a
• 4:25
  Speaker 1: 14-year-old for an adult? Answer again, I don't think you know. No,
• 4:29
  Speaker 1: he shouldn't have. Question, but you did? Answer, no. I'm
• 4:33
  Speaker 1: just reporting what he said. Question, well, I'm asking you
• 4:36
  Speaker 1: if you believed him at the time. You said you
• 4:39
  Speaker 1: shouldn't have. And then I said, but you did, correct?
• 4:42
  Speaker 1: You believed him at the time? Answer, that he was
• 4:45
  Speaker 1: unaware of the ages? I think I gave him the
• 4:47
  Speaker 1: benefit of the doubt. Question, is it fair to say
• 4:50
  Speaker 1: that you are taking these allegations seriously? Answer, yes. Question,
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  Speaker 1: I'd like to introduce as Minority Exhibit P, an email
• 4:58
  Speaker 1: exchange between you and Mary Erdos on August 27, 2007,
• 5:03
  Speaker 1: about a month after Mr. Epstein was arrested. Debate's number
• 5:06
  Speaker 1: is EFTA 02811410. Question, in the email you write, quote,
• 5:13
  Speaker 1: last night went to Huggy Bear concert. The age difference
• 5:16
  Speaker 1: between husbands and wives would have fit in well with Jeffrey.
• 5:19
  Speaker 1: What a joke. What did you mean when you said, quote,
• 5:23
  Speaker 1: the age difference between husbands and wives would have fit
• 5:26
  Speaker 1: well with Jeffrey? Answer, I think I was, you know,
• 5:29
  Speaker 1: referring that at that party in the Hamptons, the age
• 5:33
  Speaker 1: difference between the men and women was significant. Question, and
• 5:36
  Speaker 1: when you say party in Hamptons, you're referring to the
• 5:39
  Speaker 1: Huggy Bear concert? Answer, it looks like that, yes. Question,
• 5:43
  Speaker 1: what did you mean when you said, quote, what a joke? Answer,
• 5:46
  Speaker 1: I find it awkward to see such an age difference
• 5:48
  Speaker 1: between men and women. Question, but that's not what you say.
• 5:53
  Speaker 1: You don't say the age difference was significant. It was
• 5:55
  Speaker 1: uncomfortable or awkward. You say, what a joke. Answer, yeah,
• 6:00
  Speaker 1: I think that's similar. Question, so you're not commenting on Mr.
• 6:03
  Speaker 1: Epstein's conduct. Answer in this email. Question, when you say,
• 6:06
  Speaker 1: what a joke. Answer, nonverbal response. Question, when Ms. Erdos
• 6:12
  Speaker 1: responds to you, she says, quote, what I mean to
• 6:14
  Speaker 1: tell you, about last night, was there were a few
• 6:17
  Speaker 1: people laughing about Jeffrey. She goes on to talk about
• 6:20
  Speaker 1: someone in particular, and then says, quote, anyway, lots of
• 6:24
  Speaker 1: comparisons to J.E. It would appear that the two of
• 6:26
  Speaker 1: you thought that this was funny. Answer, no, I don't think.
• 6:30
  Speaker 1: What I'm saying, what a joke. I'm saying in the
• 6:32
  Speaker 1: context of, is it funny? I think, again, I think
• 6:35
  Speaker 1: I'm saying the irony that I think we correctly believe
• 6:38
  Speaker 1: the age difference between Jeffrey and what he was doing
• 6:41
  Speaker 1: was wrong, but you go to a party like this
• 6:43
  Speaker 1: in the Hamptons, and you see similar age differences. Question,
• 6:47
  Speaker 1: and so what's the joke? Answer, I think that's the irony. Again,
• 6:52
  Speaker 1: I don't think it's joking in a sense of humor.
• 6:54
  Speaker 1: I think it's sad. Question, I'd like to introduce as
• 6:58
  Speaker 1: Minority Exhibit Q, an internal JP Morgan document with the heading,
• 7:02
  Speaker 1: Rapid Response Team, October 17th, 2006, Existing Client, Jeffrey Epstein.
• 7:07
  Speaker 1: Debate's number is EFTA 02812987. Questioned, the document states that Mr.
• 7:15
  Speaker 1: Epstein has banking, asset, and credit accounts with J.P. Morgan,
• 7:19
  Speaker 1: with balances totaling approximately $ 32 million. It further states that, quote,
• 7:24
  Speaker 1: cash withdrawals are routinely made and amounts for $ 40, 000 to $ 80, 000
• 7:29
  Speaker 1: several times a month. Finally, under derogatory information reported by
• 7:33
  Speaker 1: security services, it states, quote, several newspaper articles were found
• 7:38
  Speaker 1: that details the indictment of Jeffrey Epstein in Florida on
• 7:41
  Speaker 1: felony charges. of soliciting underage prostitutes. Had J.P. Morgan connected Mr.
• 7:47
  Speaker 1: Epstein's frequent cash withdrawals with his sexual abuse of minors
• 7:50
  Speaker 1: at this point? Answer again. The cash withdrawals of this
• 7:54
  Speaker 1: size are very unusual, and as I've said before, it's
• 7:58
  Speaker 1: a red light. It should have been reported to the
• 8:00
  Speaker 1: federal authorities, and the federal authorities should have looked at
• 8:03
  Speaker 1: it as well. And given Epstein's given, well, again, this
• 8:06
  Speaker 1: is 2006, I just think this should have been a
• 8:09
  Speaker 1: red light for the bank. Question, but had J.P. Morgan
• 8:12
  Speaker 1: connected those two things? Because this is, as you can see,
• 8:15
  Speaker 1: a fairly short document. Answer, I think the bank. I
• 8:20
  Speaker 1: think the bank was concerned and, as such, decided to
• 8:23
  Speaker 1: move the nature of its relationship with Jeffrey Epstein and
• 8:26
  Speaker 1: cut off the most significant parts of the general of
• 8:29
  Speaker 1: a normal private banking client, which is managing assets, and
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  Speaker 1: reduce the relationship to simply his checking account. Question, under
• 8:38
  Speaker 1: bank recommendations, the document states, quote, After internal discussion with
• 8:43
  Speaker 1: Jess Daly, Mary Erdos, Catherine Keating, John Duffy, and Mary Redacted,
• 8:47
  Speaker 1: it was decided that we'll keep Mr. Epstein solely as
• 8:50
  Speaker 1: a banking client and on reactive client service basis. We
• 8:54
  Speaker 1: will not proactively solicit new investment business from him. First,
• 8:57
  Speaker 1: you said earlier today that you were not part of
• 8:59
  Speaker 1: a rapid response meeting. Answer, that's correct. Question, but this
• 9:03
  Speaker 1: is a memorandum entitled Rapid Response Team that explicitly refers
• 9:07
  Speaker 1: to internal discussion with Jess Daly. Answer, but I was
• 9:11
  Speaker 1: not a member. of the rapid response team. Question, so
• 9:14
  Speaker 1: what were these internal discussions? Answer, no, I think it
• 9:17
  Speaker 1: looks like they talked with myself, Mary, Catherine, John Duffy,
• 9:21
  Speaker 1: and I imagine this is Mary Casey, came back, had
• 9:24
  Speaker 1: a meeting of the rapid response team as a group,
• 9:27
  Speaker 1: and then made the decision to pull back the bank's
• 9:29
  Speaker 1: activity with Mr. Epstein. Question, so that was not your decision,
• 9:33
  Speaker 1: but was based on discussions with you, is that correct? Answer,
• 9:36
  Speaker 1: it was based on discussions with myself, Mary Erdos, Catherine Keating,
• 9:40
  Speaker 1: John Duffy, and I believe Mary Casey. Question, can you
• 9:44
  Speaker 1: explain how this banking-only relationship was different from the one
• 9:48
  Speaker 1: that Mr. Epstein previously had with J.P. Morgan? Answer again,
• 9:52
  Speaker 1: the principal activity of the bank was to manage assets,
• 9:55
  Speaker 1: provide brokerage, all sorts, you know, investing, in the broadest sense.
• 9:59
  Speaker 1: And I think that was what was withdrawn as a
• 10:02
  Speaker 1: banking service for Epstein. And was only left with essentially
• 10:05
  Speaker 1: his checking account. So the bank would have seen that
• 10:08
  Speaker 1: as a major move against a client. Question, but he
• 10:11
  Speaker 1: still had that account, correct? Answer, he still had a
• 10:14
  Speaker 1: checking account. Question, and he could open up other accounts, correct? Answer, again,
• 10:18
  Speaker 1: I don't know. That would surprise me. Question, it would
• 10:22
  Speaker 1: surprise you if you could open up checking accounts? Answer,
• 10:26
  Speaker 1: I think you'd be allowed, well, allowed to have checking accounts.
• 10:29
  Speaker 1: I don't know, you know, I'm not sure. I think
• 10:31
  Speaker 1: it depended. Question, the documents dated October 17th, 2006. Is
• 10:36
  Speaker 1: that when the decision was made? Answer, that's what it
• 10:39
  Speaker 1: seems like, yes. Question, why did it take so long
• 10:42
  Speaker 1: to make this decision? Answer, I don't know. Question, as
• 10:46
  Speaker 1: you know, in 2008, Mr. Epstein pleaded guilty to one
• 10:50
  Speaker 1: count of soliciting prostitution and one count of soliciting prostitution
• 10:54
  Speaker 1: from a minor and was sentenced to 18 months in
• 10:57
  Speaker 1: the Palm Beach Stockade. When did you learn of Mr.
• 10:59
  Speaker 1: Epstein and that he had pleaded guilty to these counts? Answer,
• 11:03
  Speaker 1: when he pled guilty. Question, and how did you learn it?
• 11:05
  Speaker 1: Did he tell you? Answer, no. I think it was
• 11:07
  Speaker 1: in the press. Question, did you talk to anyone at J.P.
• 11:10
  Speaker 1: Morgan about the fact that he pleaded guilty to these counts? Answer,
• 11:14
  Speaker 1: I'm sure I did, yes. Question, do you remember who?
• 11:18
  Speaker 1: Answer again. I think I talked with Jamie Dimon about it.
• 11:22
  Speaker 1: I imagine I talked with Mary Erdos about it. Question,
• 11:26
  Speaker 1: I'd like to introduce as Minority Exhibit R, an email
• 11:28
  Speaker 1: exchange between two J.P. Morgan employees, Kevin McCleary and Ann Verdon,
• 11:33
  Speaker 1: from July 15, 2008. Question, it appears to be in
• 11:37
  Speaker 1: reference to a meeting regarding Mr. Epstein. In the first exchange, Mr.
• 11:41
  Speaker 1: McCleary writes to Ms. Verdon, quote, FYI, just spoke to
• 11:45
  Speaker 1: Lisa Waters and told her, He wants to keep his accounts.
• 11:48
  Speaker 1: This was shortly after Mr. Epstein started his sentence at
• 11:51
  Speaker 1: the Palm Beach Stockade. Why did you want J.P. Morgan
• 11:54
  Speaker 1: to keep Mr. Epstein's accounts? Answer again, I think at
• 11:58
  Speaker 1: the time, the only activity he had at the bank
• 12:00
  Speaker 1: was his checking account. And the move against his relationship
• 12:04
  Speaker 1: with the bank had already occurred. And it seemed to
• 12:06
  Speaker 1: me closing a checking account is a tough move. Question,
• 12:10
  Speaker 1: but weren't those checking accounts facilitating his sex trafficking? Answer,
• 12:14
  Speaker 1: I was completely unaware of that. Question, you weren't aware
• 12:17
  Speaker 1: of cash withdrawals at this point? Answer, I was unaware
• 12:20
  Speaker 1: that his checking account was involved in a legal activity. Question,
• 12:24
  Speaker 1: but you were a part of internal discussions that informed
• 12:26
  Speaker 1: the decision to make him a banking-only client, correct? Answer, yes,
• 12:30
  Speaker 1: but I wasn't on the rapid response team, but I
• 12:33
  Speaker 1: was part of that decision. Question, I understand you weren't
• 12:36
  Speaker 1: on the team, but you were a part of discussions
• 12:38
  Speaker 1: that informed that decision. And in that document we looked
• 12:41
  Speaker 1: at earlier, it says cash withdrawals are routinely made in
• 12:45
  Speaker 1: amounts of $ 40, 000 to $ 80, 000 several times a month. Answer,
• 12:52
  Speaker 1: that was in the report in the rapid response team.
• 12:55
  Speaker 1: That was not communicated to me. Question, you did not
• 12:58
  Speaker 1: know about the significant cash withdrawals in 2006? Answer, I
• 13:02
  Speaker 1: don't believe I did, no. Question, and you did not
• 13:06
  Speaker 1: know about them in 2008? Answer, I learned at some point,
• 13:09
  Speaker 1: but I need to think about what year I learned.
• 13:11
  Speaker 1: But it was again cash withdrawals of that are a
• 13:14
  Speaker 1: huge red flag and should be going. In fact, you
• 13:17
  Speaker 1: need to technically, you should be informing the federal authorities,
• 13:20
  Speaker 1: I think on a quarterly basis. All right, folks, we're
• 13:23
  Speaker 1: going to wrap up right here. And in the next episode,
• 13:26
  Speaker 1: we're going to pick up with another person doing the
• 13:28
  Speaker 1: questioning redacted. And the question is, sure, but here you
• 13:32
  Speaker 1: were saying, or rather here to employees are talking about
• 13:36
  Speaker 1: how you want JP Morgan to keep Mr. Epstein's accounts
• 13:39
  Speaker 1: in July of 2008. All the information that goes with
• 13:42
  Speaker 1: this episode can be found in the description box.