Former Barclay’s CEO Jes Staley Banned From Senior Banking Roles, Fined $2M for Misrepresenting Ties to Jeffrey Epstein: UK’S Financial Regulatory Body | The Gateway Pundit

Former JPMorgan Chase prime government and Ex-Barclays CEO Jes Staley is dealing with a lifetime ban from senior roles in monetary providers, in addition to a 1.8 million pound ($2.21 million) fantastic by UK’s Monetary Conduct Authority (FCA).

The ban and the fantastic are for allegedly deceptive the FCA over his relationship with Jeffrey Epstein.

Reuters reported:

“‘The FCA has discovered that Mr Staley recklessly accepted a letter despatched by Barclays to the FCA, which contained two deceptive statements, concerning the nature of his relationship with Jeffrey Epstein and the purpose of their final contact’, [the FCA] mentioned.”

Staley mentioned that he was “very disillusioned” by the FCA’s determination, and that he would proceed to problem it in court docket.

The Monetary Conduct Authority is a monetary regulatory physique in the UK. It operates independently of the UK Authorities.

“‘If I had identified who JE actually was, there may be completely little doubt that I wouldn’t be within the place I’m in at present’, he mentioned in an announcement issued by his regulation agency Arnold & Porter.”

The FCA findings are provisional, as Staley is interesting.

After contemplating the FCA’s findings, British Financial institution Barclay’s remuneration committee had determined that Staley needs to be ineligible for or forfeit bonuses and long-term incentives totaling 17.8 million kilos.

FCA: “‘We take into account that [Staley] misled each the FCA and the Barclays Board concerning the nature of his relationship with Mr. Epstein’, mentioned Therese Chambers, FCA joint government director of enforcement and market oversight.”

In 2019, the FCA requested Barclays to elucidate what had been the measures undertaken to guarantee itself that there was no impropriety within the relationship between Staley and Epstein.

“‘In its response, Barclays relied on data provided by Mr Staley. Mr Staley confirmed the letter was honest and correct’, the FCA mentioned. ‘In actuality, in emails between the 2 Mr Staley described Mr Epstein as considered one of his ’deepest’ and ’most cherished’ buddies’, it added.”

The letter despatched to FCA additionally misrepresented Staley’s contact with Epstein. Staley had been involved with Epstein as much as the times main as much as his appointment as Barclay’s CEO.

FCA argues that Staley ‘was conscious of the chance that his affiliation with Mr Epstein posed to his profession’.

Staley and Epstein mentioned Barclays’ strategy to him for the CEO position a number of instances between July and October 2015, as the 2 males exchanged nearly 600 emails.

Throughout discovery and pretrial motions within the now-settled lawsuit in opposition to JPMorgan Chase moved by the US Virgin Islands Territory Authorities, the hyperlinks between Jes Staley and Jeffrey Epstein grew to become painfully clear, and there was even testimony by considered one of Epstein’s trafficking victims alleging Staley violently raped her – which he denies.

JP Morgan Chase moved to sue him, making an attempt to make him answerable for any damages they’d incur.

America’s largest financial institution has now reached a confidential settlement with Staley, who they blamed for retaining Epstein as a consumer.

JP Morgan additionally agreed to pay $75 million to the U.S. Virgin Islands to settle the claims that it aided Epstein’s intercourse trafficking, however didn’t admit any wrongdoing.

In response to the FCA-released 79-page dossier outlining its in depth three-year investigation, Staley released a statement offered by his legal professionals.

“I’ve labored tirelessly over the past 43 years and have genuinely supported many individuals/social causes, the place others may not have executed so. I’m very disillusioned by the FCA’s determination, and I’ll proceed to problem it. I can’t remark any additional till these proceedings are concluded.”

Learn extra about Jes Staley:

USVI Versus JPMorgan Chase: America’s Largest Bank Reported $1 BILLION in Suspicious Jeffrey Epstein Transactions to the US Treasury – But Only AFTER He Suspiciously Died in Prison While Awaiting Trial

Jes Staley Versus Jamie Dimon: Wall Street Giants Play the Blame Game Over Epstein Trafficking Ring Association