Mary Callahan Erdoes, president of property management at JPMorgan Chase & & Co.
Simon Dawson|Bloomberg|Getty Images
JPMorgan Chase executive Mary Callahan Erdoes consulted for a $600 million tax concern from disgraced previous investor Jeffrey Epstein in 2005, legal filings declared.
Erdoes, a veteran JPMorgan executive who ended up being head of the bank’s property and wealth management department in 2009, “personally sought” assistance from Epstein to fix the enormous tax concern, according to court files the U.S. Virgin islands submitted over night.
The demand from Erdoes was on behalf of somebody else, however that details was edited in the filing.
“It was simply a request for an introduction and it was well before Epstein was arrested or officially accused of any crimes,” a JPMorgan spokesperson stated Tuesday in a declaration.
The brand-new accusations about the bank’s yearslong relationship with Epstein came as part of the U.S. area’s suit implicating JPMorgan of helping with the well-known ex-money supervisor’s sex trafficking operation. Epstein eliminated himself in August 2019 while in prison in Manhattan on kid sex trafficking charges.
The USVI in court filings Monday night asked the court for partial summary judgment in its favor. JPMorgan likewise submitted a movement for partial summary judgment over night.
The area declared that Epstein was a “personal resource” for Erdoes and her previous manager at JPMorgan, Jes Staley, which the 2 lenders chose to keep Epstein as a customer for several years after he was implicated of paying to have underaged ladies gave his house. In a deposition this year, Erdoes acknowledged that JPMorgan knew the allegations versus Epstein by 2006.
The bank took years to choose to cut Epstein off, just doing so in2013 JPMorgan accepted pay $290 million to settle a claim from Epstein’s victims, however the USVI match has actually continued.
In 2008, after the Bernie Madoff ponzi plan was discovered, Erdoes presumably asked Staley to connect to Epstein “to get the scoop from down there,” according to USVI’s most current court filing.
On that, JPMorgan had this declaration: “Jeffrey Epstein remained in Florida where much of Madoff’s victims lived. If she had actually made any call at all, it would have been to connect [to] Jes to see if Epstein had anymore information about what was taking place there.”
