Mary Erdoes, the CEO of JPMorgan’s asset and wealth management division, used Jeffrey Epstein as a “personal resource,” according to revealing new court documents filed Monday.
“The ny/palm beach community will be in shock,” Erdoes continued in her email to Staley, according to court papers filed by the US Virgin Islands in its ongoing lawsuit against JPMorgan in the US Southern District of New York.JPMorgan to pay $290M to settle lawsuit from Jeffrey Epstein victims
As for the Madoff allegations, a JPMorgan spokesman said, “Jeffrey Epstein was in Florida where many of Madoff’s victims lived. If she had made any call at all, it would have been to reach out Jes to see if Epstein had any more details about what was happening there.” In an email exchange from 2005, “Erdoes personally sought Epstein’s help in resolving a $600 million tax issue” on behalf of another unidentified individual, according to court documents.
Four years later in 2012, JP Morgan’s then-CFO of its asset wealth management division David Brigstocke shared with Erdoes that another client’s posh mansion resembled Epstein’s.The latest filing is part of the US Virgin Islands’ case against JPMorgan claiming the bank facilitated the pedophile’s regime. Epstein’s sex trafficking ring was believed to be headquartered on an isle he owned in the Virgin Islands.
The officer worked under JP Morgan’s Global Head of Compliance, William Langford, the court documents showed.The official also said the bank’s involvement with Epstein “could be problematic in several ways,” according to the filing. “But business — including Erdoes — decided otherwise.”
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