On July 24th and 25th, the Attorney General’s Office for the U.S. Virgin Islands filed dozens of documents in the court case it has launched against the largest federally-insured bank in the United States – JPMorgan Chase – in a U.S. district court in Manhattan. A quick glance at the giant blur of filings indicated that the vast majority had been filed under seal. (See a partial screen shot here.) The U.S. Virgin Islands is credibly alleging in its lawsuit that JPMorgan Chase “actively participated in Epstein’s sex trafficking venture” where dozens of underage girls were sexually assaulted by Epstein or his rich pals.
Wall Street On Parade has learned over the years to deeply scrutinize anything that is happening in the federal district court in the Southern District of New York, where Wall Street has kept critical information about its serial crimes against the American people hidden behind a dark curtain of protective orders, sealed documents, and non-transcribed conferences with the judge – exactly what is happening in this case.
As we scrutinized the dozens of sealed documents entered on July 24th and 25th, we noticed that a few here and there were not sealed. We opened those documents and were stunned to see that one was an expert report written by a former FBI agent of 23 years, Shaun O’Neill, who had made a finding that JPMorgan Chase had “impeded” the federal criminal investigation of Epstein. Ostensibly, this expert report is going to be entered into evidence in the jury trial currently scheduled in the matter for October 23.
The document had a heading at the top of each page that read: “Highly Confidential – Subject to Protective Order.” However, the notation on the docket was that it was now being presented as a “redacted” document. We called the court deputy to be certain that the media was allowed to quote from the unredacted parts of the document. We were assured that we could.
A major revelation in the document is that former FBI agent O’Neill had been allowed to read the deposition given in the case by William Langford, an anti-money-laundering (AML) executive at JPMorgan Chase who had previously worked for the Financial Crimes Enforcement Network (FinCEN) – the very agency where Suspicious Activity Reports (SARs) are supposed to be filed by banks like JPMorgan Chase when they handle massive cash withdrawals for people like Jeffrey Epstein.
According to O’Neill, Langford indicates in his deposition that Epstein became a JPMorgan client in 1985, not in 1998, the date that most major news media has heretofore reported and JPMorgan has not publicly corrected.
Jamie Dimon, the Chairman and CEO of JPMorgan Chase, testified in his deposition that Epstein “was no longer a client after 2013….” That assertion now looks increasingly suspect. An Epstein financial statement from J.P. Morgan Securities, the brokerage and trading division of JPMorgan Chase, dated March 31, 2014, shows Epstein sold over $667,000 in securities at the firm in 2014. That statement has been entered on the docket as an exhibit.
In addition, on Monday of this week, Linda Singer, a lawyer at law firm MotleyRice, which is representing the U.S. Virgin Islands, revealed in a letter to the presiding judge, Jed Rakoff, that “JPMorgan handled more than $1.1 million in payments from Epstein to girls or women—many with Eastern European surnames—after Epstein was terminated by JPMorgan, including over $320,000 in payments to numerous individuals for whom JPMorgan had not previously identified payments.”
Not to put too fine a point on it, but the bank could not have made payments from Epstein to anyone, unless he still had an account with money in it at some part of the bank. And, if Epstein had an account at any part of the bank, he was still a customer. He might have been flagged as a high-risk customer; he might have had his trading or transactions restricted; but he was still a customer.
Also throwing doubt on the veracity of JPMorgan firing Epstein in 2013 is a supplemental response to interrogatories that JPMorgan itself made with the court. It revealed that Justin Nelson, a banker at JPMorgan, had visited Epstein’s townhouse in Manhattan, sometimes with colleagues, from 2012 through 2017. The filing stated:…