Mary Callahan Erdoes, leader govt officer of asset control at JPMorgan Chase & Co.
Simon Dawson | Bloomberg | Getty Pictures
JPMorgan Chase govt Mary Callahan Erdoes sought recommendation for a $600 million tax factor from disgraced former financier Jeffrey Epstein in 2005, prison filings alleged.
Erdoes, a veteran JPMorgan govt who was head of the financial institution’s asset and wealth control department in 2009, “in my opinion sought” assist from Epstein to get to the bottom of the large tax factor, in line with court docket paperwork the U.S. Virgin islands filed in a single day.
The request from Erdoes was once on behalf of anyone else, however that knowledge was once redacted within the submitting.
“It was once merely a request for an creation and it was once smartly sooner than Epstein was once arrested or formally accused of any crimes,” a JPMorgan spokeswoman stated Tuesday in a observation.
The brand new allegations in regards to the financial institution’s yearslong dating with Epstein got here as a part of the U.S. territory’s lawsuit accusing JPMorgan of facilitating the infamous ex-money supervisor’s intercourse trafficking operation. Epstein killed himself in August 2019 whilst in prison in Big apple on kid intercourse trafficking fees.
The USVI in court docket filings Monday night time requested the court docket for partial abstract judgment in its want. JPMorgan additionally filed a movement for partial abstract judgment in a single day.
The territory alleged that Epstein was once a “private useful resource” for Erdoes and her former boss at JPMorgan, Jes Staley, and that the 2 bankers made up our minds to stay Epstein as a consumer for years after he was once accused of paying to have underaged women dropped at his house. In a deposition this yr, Erdoes stated that JPMorgan was once conscious about the accusations towards Epstein via 2006.
The financial institution took years to make a decision to chop Epstein off, most effective doing so in 2013. JPMorgan agreed to pay $290 million to settle a lawsuit from Epstein’s sufferers, however the USVI swimsuit has endured.
In 2008, after the Bernie Madoff ponzi scheme was once exposed, Erdoes allegedly requested Staley to succeed in out to Epstein “to get the news from down there,” in line with USVI’s newest court docket submitting.
On that, JPMorgan had this observation: “Jeffrey Epstein was once in Florida the place a lot of Madoff’s sufferers lived. If she had made any name in any respect, it might had been to succeed in out [to] Jes to peer if Epstein had to any extent further information about what was once taking place there.”