A top banker at JPMorgan desperately sought help from Jeffrey Epstein as the Bernie Madoff Ponzi scheme slammed the bank’s clients in 2008 — despite the fact that Epstein had recently been convicted of sex-trafficking charges, according to explosive new court documents.
On Dec. 12, 2008, Mary Erdoes — a star banker who is now the CEO of JPMorgan’s asset and wealth management division — frantically emailed a former top lieutenant at the bank, Jes Staley, as the Madoff disaster began to unfold, according to court papers that became public late Monday.
“[G]lenn and I have been going back and forth all night,” Erdoes wrote, referring to 66-year-old hedge-fund billionaire Glenn Dubin who — along with his wife Eva Andersson-Dubin — had been a longtime friend of Epstein.
“This is terrible. Just terrible … We have HUNDREDS of clients ….,” Erdoes wrote to Staley — a fellow star banker at JPMorgan.
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.”
Oduyoye also pointed to the bank’s statement filed in court papers on Monday, which claims that the US Virgin Islands financially profited off of Epstein and “knowingly used its sovereign powers to enable Epstein’s sex crimes.”
The US Virgin Islands “received $30 million in proceeds from the sale of Little St. James island [to Epstein],” JPMorgan alleged.
The lawsuit filed by the US Virgin Islands claims here were other alleged indications of cozy ties between Erdoes and Epstein.
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.
“It was simply a request for an introduction and it was well before Epstein was arrested or officially accused of any crimes,” a JPMorgan spokesman told The Post.
In 2003, Epstein brought in over $8.1 million in revenue to JPMorgan’s private bank — making him its biggest client and twice as big as its No. 2 customer.
“Epstein was a personal resource to Erdoes,” the court documents claim.
https://nypost.com/2023/07/25/jpmorgan-exec-sought-jeffrey-epsteins-help-amid-bernie-madoff/