"The Democratic senator Elizabeth Warren is calling for an investigation into bankers including Jes Staley over their alleged support for the convicted sex offender Jeffrey Epstein, in a move that could leave the former Barclays boss banned from working in the US financial sector. In a letter privately filed with regulators, and seen by the Guardian, Warren called for investigations into all current and former US banking executives who may have facilitated Jeffrey Epstein's illicit conduct."
"That includes Staley, who Warren said is alleged to have helped protect the late financier's access to the banking system during his stint working at JP Morgan in the early 2000s. Warren noted that Staley who is already banned from the UK banking sector had been described in media reports as Epstein's chief defender. High flyer to pariah: the saga of Epstein-linked banker Jes Staley Warren, the lead Democrat on the US Senate committee on banking, housing and urban affairs, said she was concerned to hear that Staley pushed back when colleagues flagged Epstein's suspicious transactions, referring to a matter that was put to him in court proceedings earlier this year."
"Staley denied the allegations at the time, saying I don't think that's fair and that the decision to exit a client such as Epstein was not his to make. Warren also referred to court evidence suggesting Staley tipped Epstein off about JP Morgan's worries in a way that allowed the sex trafficker to alter his behaviour and avoid scrutiny. Staley told the court that he was not part of managing the account but did not deny that he told Epstein there were concerns about cash withdrawals. During his 15-year relationship with JP Morgan, Epstein opened at least 134 accounts, processed over $1bn in transactions, and brought in several lucrative clients, Warren's letter said."
Elizabeth Warren is calling for investigations into bankers, including Jes Staley, over alleged facilitation of Jeffrey Epstein's illicit conduct. Warren privately filed a letter with regulators seeking probes of current and former US banking executives who may have enabled Epstein's access to the financial system. Staley is alleged to have protected Epstein's banking access during his time at JP Morgan in the early 2000s and is already banned from the UK banking sector. Court evidence suggests Staley may have tipped Epstein off about JP Morgan's concerns, enabling altered behaviour and reduced scrutiny. Epstein maintained extensive banking activity at JP Morgan over 15 years.
Read at www.theguardian.com
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