Some Wall Street titans continued to maintain close personal and professional relationships with Jeffrey Epstein even after he was convicted of child sexual abuse.
According to Bloomberg, Barclays’ CEO and associate since 2015, Jes Staley, visited Epstein on his private island, accompanied by his wife Debora, in 2015, seven years after Epstein was convicted of sexually abusing underage girls.
Epstein reached a plea agreement with the Miami attorney general’s office in 2008 and avoided federal charges; however, he had to spend 13 months in prison.
Despite all this, not only Staley, but other personalities such as Ehud Barak, Israel’s former prime minister, and billionaire Leon Black maintained very good relations with the pedophile, although none of them is under suspicion of criminal activity, according to Bloomberg.
Epstein provided Staley with customers and helped him close deals when he ran the JP Morgan bank, which he left in 2013.
According to The New York Times, Staley had good reason to maintain his relationship with Epstein, who received him in his Palm Beach office, where he was allowed to serve part of his 13-month sentence in 2008 and 2009. Over the years, Epstein had channeled dozens of wealthy clients to Mr. Staley and his bank.
However, when Staley began his career to run Barclays, a position that required interviews and approvals from UK regulators, he cut ties with the pedophile.
Epstein also helped the Edmond de Rothschild Group work more closely with Leon Black’s Apollo Global Management, according to Bloomberg.
But possibly the biggest name among the pedophile’s partners is Leslie H. Wexner, the billionaire founder of the retail empire L Brands, which included Victoria’s Secret and The Limited.
Wexner gave Mr. Epstein broad powers to invest his fortune for nearly two decades, according to the NY Times.
On the other hand, Epstein’s Gratitude America charity documents in 2017 revealed investment income of $899,417 for 52 transactions, most of them involving IPOs.
“The IPO trading is evidence of Mr. Epstein’s level of access to the offerings,” Jacob Frenkel, chair of government investigations and securities enforcement at Dickinson Wright, told Bloomberg.
It was not until late 2018, when the Miami Herald began publishing a series of articles titled “Perversion of Justice” that related how Epstein had manipulated the judicial system to prevent his federal prosecution in Florida, that these titans began to turn their backs on him.
Earlier this year, Deutsche Bank AG expelled Epstein as a customer and closed all his accounts.
When Epstein was arrested in July of this year, he was worth more than $500 million, according to a financial disclosure form filed in connection with his request for bail, according to Bloomberg.