Former Barclays boss Jes Staley had intercourse with a member of serial pedophile Jeffrey Epstein’s employees, the banker advised a court docket on the third day of his proof as he appeals towards a proposed monetary companies ban.
Britain’s Monetary Conduct Authority stated in 2023 that it will ban Staley and fantastic him 1.8 million kilos ($2.3 million) for allegedly deceptive the watchdog over his relationship with Epstein. He’s giving proof at London’s Higher Tribunal this week.
The 68-year-old, who stated on Tuesday that he had no thought in regards to the late financier Epstein’s “monstrous activities,” was requested by the FCA’s lawyer about proof Staley had given in a lawsuit towards him by his earlier employer JPMorgan.
JPMorgan, the place Staley was beforehand head of the non-public financial institution and had Epstein as a consumer, was sued by the US Virgin Islands for allegedly ignoring Epstein’s intercourse trafficking, with the financial institution in flip suing Staley earlier than the case was settled.
Within the US litigation, Staley was requested about having “had sexual intercourse with a woman … at Mr Epstein’s brother’s apartment” in New York, the FCA’s lawyer Leigh-Ann Mulcahy stated.
Staley stated he was launched to the girl by Jeffrey Epstein, the encounter was consensual and that “she was a part of his staff as I recall.”
The FCA additionally referred to the actual fact Epstein had requested Staley to be trustee of his property as proof of their shut relationship. Staley stated: “I turned him down.”
Staley’s attraction facilities on a 2019 letter despatched by Barclays Chair Nigel Higgins to the FCA, which approached the British financial institution shortly after Epstein’s arrest introduced scrutiny on the financier’s different high-profile associates.
The FCA says the letter contained two deceptive statements: that Staley “did not have a close relationship” with Epstein and their final contact was “well before he joined Barclays in 2015.” Staley says each statements have been correct.
The FCA has cited a cache of over 1,000 emails between Staley and Epstein, through which Staley described their friendship as “profound” and referred to Epstein as “family.”
In a single previously-reported e mail chain from 2010, Staley advised Epstein: “That was fun. Say hi to Snow White.”
When Epstein requested “what character would you like next,” Staley replied: “Beauty and the Beast.”
Staley stated he had no recollection of these emails, after which Mulcahy stated: “They are not emails that are consistent with a purely personal relationship … they were personal in nature, weren’t they?”
Staley replied: “I do not recall those emails.” His proof is predicted to conclude on Friday.
