Wall Street Is Finally Getting Its Jeffrey Epstein Reckoning

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Wall Street Is Finally Getting Its Jeffrey Epstein Reckoning
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It’s taken a while, but a series of lawsuits are shedding light on how the sex trafficker worked closely with big banks.

curbing their ability to sue some of his associates, including Maxwell. Any remaining discoveries or revelations may come simply from continuing to follow the money and scrutinizing the fake hedge-fund manager’s financial dealings with the megabanks and financial titans that allegedly ignored, or even participated in, his criminal operation.

Right now, there are at least three related cases making their way through the Manhattan federal courts that probe how Wall Street may have supported and enabled Epstein. At the center of all of these is Staley, a former protégé of JPMorgan Chase CEO Jamie Dimon, probably the most powerful person in finance. Staley spent more than 30 years at JPMorgan, rose to be the CEO of its massive asset-management and investment-banking divisions, and went on to helm Barclays, one of the U.K.

It’s around this point that you start to wonder why this all wasn’t settled quietly before it made it to court. JPMorgan isn’t new here, and like any bank, it gets accused of wrongdoing all the time — frivolously or not. But most lawyers try to keep such revelations out of the public record, and these kinds of plaintiffs have been open to settlements in the past, if the compensation-fund and Prince Andrew deals are any guide.

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