The Mail on Sunday revealed in 2015 that Epstein lobbied for Staley to secure the top job at Barclays after 34 years at JP Morgan. Among JP Morgan’s other notable former clients is Bernie Madoff – the fraudster behind the biggest Ponzi scheme in history. JP Morgan eventually paid a $2.5 billion fine for failing for two decades to report Madoff’s suspicious dealings. JP Morgan admitted it could have done a better job of handling concerns about Madoff’s activities but said no employee knowingly assisted with the fraud. JP Morgan has also issued a grovelling apology and paid millions of dollars in reparations for historic links to the slave trade.

Source: Daily Mail February 08, 2020 23:41 UTC