Tag: bankers

Ex Barclays boss Jes Staley is accused of abusing girls during a visit to Jeffrey Epstein’s US Virgin Island retreat after the pedophile financier told him to ‘do what he wanted’, lawsuit claims

Former Barclays boss Jes Staley is alleged to have abused victims at late financier Jeffrey Epstein‘s Virgin Islands retreat, according to a court ruling issued Monday.

The document rejected motions to dismiss complaints claiming JPMorgan and Deutsche Bank were legally liable for their alleged facilitation of Epstein’s sex crimes.

The ruling instead revealed that Staley was alleged to have ‘used aggressive force in his sexual assault of [anonymous victim ‘JPM Jane Doe’] and informed [her] that he had Epstein’s permission to do what he wanted to her’.

Victims claim Epstein agreed to bring valuable clients to JPMorgan in exchange for Staley using his influence with the bank to make Epstein ‘untouchable’.

Staley has been accused of having ‘observed victims personally’ and ‘visited young girls at Epstein’s apartments’, exchanging some 1,200 emails with Epstein from 2008 to 2012, said to have included pictures of young women in ‘seductive’ poses.

James ‘Jes’ Staley headed JPMorgan’s private banking division and started to service Epstein’s account around the year 2000.

According to Monday’s report, Staley is alleged to have developed a close personal friendship with Epstein and was promoted to CEO of the lender’s Asset Management division while Epstein was still a client.

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Billionaire T. Denny Sanford Was Investigated For Child Pornography—Newly Unsealed Documents Reveal Why

Nude photos of underage girls between the ages of 8 and 15 were discovered in the email account of billionaire T. Denny Sanford, who is the wealthiest person in South Dakota, newly unsealed documents show, shedding light on a child pornography investigation into the philanthropist which was closed without charges in 2022.

In the summer of 2019, images of nude underage girls were discovered in an AOL email linked to Sanford, prompting an investigation into the founder of First Premier Bank who is worth $2 billion and has donated large sums to children’s causes, according to documents released Thursday.

The images were revealed in unsealed court documents this week after a court battle by the news organizations ProPublica and South Dakota’s Argus Leader newspaper.

In 2019 the parent company of AOL sent information about the images to the National Center for Missing and Exploited Children, which in turn made the referral to law enforcement, sparking an investigation that included five search warrants for Sanford’s email, phone, and internet data; one investigator wrote he believed there was evidence of criminality, according to the documents.

Sanford’s attorney Stacey Hegge said Thursday that after an “exhaustive” investigation, no prosecutable offense was discovered, partly because many individuals had access to Sanford’s devices, including, potentially, hackers.

The investigation was closed last year after the South Dakota attorney general, who was leading it, was impeached, but it isn’t fully clear why Sanford was not indicted.

Sanford fought to keep the documents sealed, but, after a years-long battle led by news organizations ProPublica and the Argus Leader to publicize the affidavit, South Dakota courts ruled to unseal them on April 6.

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Seize property to build wind and solar farms, says JP Morgan chief

The chief executive of JP Morgan has suggested that governments should seize private land to build wind and solar farms in order to meet net zero targets. 

Jamie Dimon, the longstanding boss of the Wall Street titan who donates to the Democratic Party, said green energy projects must be fast-tracked as the window for averting the most costly impacts of global climate change is closing. 

In his annual shareholder letter, Mr Dimon said: “Permitting reforms are desperately needed to allow investment to be done in any kind of timely way. 

“We may even need to evoke eminent domain – we simply are not getting the adequate investments fast enough for grid, solar, wind and pipeline initiatives.”

Eminent domain is when a government or state agency carries out a compulsory purchase of private property for public use and compensates the asset holder. 

The proposal is unusual, especially coming from the longest-serving chief executive of a Wall Street bank, and could stir controversy as states in the US seek to crackdown on seizure orders. 

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‘Say Hi to Snow White. I owe you so much’: How ousted Barclays Boss Jes Staley referenced Disney princesses in trove of 1,200 bombshell emails with ‘profound friend’ Epstein – even when the pedo financier was LOCKED UP

The former boss of Barclays made suggestive references to Disney princesses in emails to Jeffrey Epstein, court documents revealed last night.

Jes Staley exchanged around 1,200 emails with convicted pedophile Epstein as part of what the former referred to as a ‘profound’ friendship.

The emails have come to light in a case filed against JP Morgan bank by the government of the US Virgin Islands, where Epstein had a private island.

Mr Staley, 66, was chief executive of JP Morgan’s exclusive private bank, which counted Epstein as a client, until 2013.

He became head of Barclays in 2015 and was forced out in 2021 over his links to Epstein.

According to the lawsuit, JP Morgan turned a blind eye to Epstein’s sex trafficking and enabled it by allowing Epstein and his co-conspirators to retain bank accounts.

Between 2008 and 2012, Mr Staley exchanged around 1,200 emails with Epstein from his JP Morgan email account, it is claimed.

These communications show a ‘close personal relationship and ‘profound’ friendship between the two men and even suggest that Staley may have been involved in Epstein’s sex-trafficking operation’, the documents state.

In one exchange Mr Staley, is said to have written ‘say hi to Snow White’ and asked if ‘Beauty and the Beast’ was free.

Epstein replied: ‘Well, one side is available’, apparently referring to Beauty.

In another email, Epstein sent Mr Staley photos of a young woman in a ‘seductive pose’, according to US court documents.

The cache of messages reveal that ‘Staley corresponded with Epstein while Epstein was incarcerated’ for 15 months for soliciting an underage girl for prostitution.

Mr Staley ‘visited Epstein’s Virgin Islands residence on multiple occasions’ and ‘Epstein even advised Staley in connection with Staley’s salary negotiations at JP Morgan in July of 2008’.

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Reputed federal informant, whistleblower found dead in L.A. after he’s reported missing

A reputed federal informant and whistleblower who went missing after he was reported to have turned over a trove of secret files about Deutsche Bank was found dead at a Los Angeles school this week, a police official said Wednesday.

The body of Valentin Broeksmit, 46, was found Monday at Woodrow Wilson High School shortly before 7 a.m., Sgt. Rudy Perez of the Los Angeles School Police Department said in an email.

Records of the Los Angeles County Medical Examiner-Coroner do not list a cause of death. Los Angeles Police Capt. Kenneth Cabrera told the Los Angeles Times that authorities do not suspect foul play.

Broeksmit was last seen driving a red Mini Cooper on the afternoon of April 6, 2021, on Riverside Drive and was later reported missing by relatives, Los Angeles police said.

His vehicle was found, the department said, but Broeksmit remained missing.

Perez said Wednesday that he appeared to be homeless.

According to a 2019 profile in The New York Times, Broeksmit was a musician and the son of a Deutsche Bank executive who died by suicide in 2014.

After his father’s death, Broeksmit gained access to his father’s email account and found hundreds of files related to the bank, including board meeting minutes, financial plans, spreadsheets and password-protected presentations, the newspaper reported.

Federal and state authorities were scrutinizing allegations of criminal misconduct and the bank’s long relationship with former President Donald Trump, the newspaper reported.

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Goldman Sachs asks in biotech research report: ‘Is curing patients a sustainable business model?’

Goldman Sachs analysts attempted to address a touchy subject for biotech companies, especially those involved in the pioneering “gene therapy” treatment: cures could be bad for business in the long run.

“Is curing patients a sustainable business model?” analysts ask in an April 10 report entitled “The Genome Revolution.”

“The potential to deliver ‘one shot cures’ is one of the most attractive aspects of gene therapy, genetically-engineered cell therapy and gene editing. However, such treatments offer a very different outlook with regard to recurring revenue versus chronic therapies,” analyst Salveen Richter wrote in the note to clients Tuesday. “While this proposition carries tremendous value for patients and society, it could represent a challenge for genome medicine developers looking for sustained cash flow.”WATCH NOWVIDEO01:37Biotech shares soar on dealmaking, drug progress

Richter cited Gilead Sciences’ treatments for hepatitis C, which achieved cure rates of more than 90 percent. The company’s U.S. sales for these hepatitis C treatments peaked at $12.5 billion in 2015, but have been falling ever since. Goldman estimates the U.S. sales for these treatments will be less than $4 billion this year, according to a table in the report.

“GILD is a case in point, where the success of its hepatitis C franchise has gradually exhausted the available pool of treatable patients,” the analyst wrote. “In the case of infectious diseases such as hepatitis C, curing existing patients also decreases the number of carriers able to transmit the virus to new patients, thus the incident pool also declines … Where an incident pool remains stable (eg, in cancer) the potential for a cure poses less risk to the sustainability of a franchise.”

The analyst didn’t immediately respond to a request for comment.

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