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The former Barclays boss Jes Staeney discussed Confidential offers and customers With the late sex offender Jeffrey Epstein, including details about fraud Bernard MadoffAfter a court report by the British financial guard.
E -mails staley that were sent to Epstein were cited by the Financial Conduct Authority as proof that the banker had misled the supervisory authority when he assured that the couple had no close relationship.
When StaLey worked at JPmorgan Chase before he came to Barclays, he asked Epstein for advice on how to get a higher salary package out of his boss Jamie Dimon, and did not share the US bank’s public details, said the FCA in the FCA In his written argument against the former head of the Barclays.
StaLey has a legal challenge against The decision of the FCA 2023 to ban him from work in the British financial services and to punish him 1.8 million GBP because he “ruthlessly misleading” and “with a lack of integrity” about the nature of his relationship with Epstein, a customer of Wall St Bank , acted.
In March, StaLey is to be tested in March and for three days by the FCA lawyers, as a London court heard before the procedure on Thursday.
The regulatory authority said the details of the E -Mail traffic between Staley and Epstein, which for the first time came in light A US lawsuitSupported his statement that the former Barclays boss of the British supervisory authority had given “inaccurate and misleading” statements when he was asked about her relationship.
“Between 2008 and 2011, StaLey shared confidential information about his former employer, JPMorgan, with Epstein, who showed the proximity of her relationship and stalley’s willingness to violate commitments to his employer, including where there was a conflict of interest between JPMorgan and Epstein” FCA .
It is said that Epstein has forwarded Larry Summers e -mail to Staeney, the former US finance minister, and asked: “What is the true story about Madoff? Shouldn’t it know better? “Madoff, a former US bank customer, was sentenced to 150 Years in prison in 2009 for the orchestration of a Ponzi program of $ 65 billion. He died in 2021.
The FCA said that Stagey answered: “I can’t answer in e -mail. Wants call ”, what the supervisory authorities said he was ready to discuss the problem with Mr. Epstein.
The supervisory authority said that it had found evidence that Epstein, who died in prison in 2019, after she had been charged with sex trade for minors, had “significantly supported” Staley’s daughter in her training and career, and she invited him to graduation from 2013.
In response to the written argument of the FCA, Staley admitted that the information he shared with Epstein was “no public information”, however, denied that it was confidential.
A letter sent by Barclays to the FCA and approved by StaLey had assured the supervisory authority that Staley “long before” contacted Epstein when he came to the bank in 2015.
But the supervisory authority said that StaLey was in contact with Epstein in the days before his appointment when Barclays Chief Executive was announced in 2015 and the convicted sex offender had tried to help him get the job.
In its youngest answer submitted to the court, the FCA claimed that the contact between the two men in February 2017 was continued with staley daughter Alexa as an intermediary in “at least”.
Staley replied that the FCA did not completely exchange the “sporadic nature” of the e -mails between his daughter and Epstein, which took place over a period of 11 months and started five months after the banker’s last correspondence.
The former boss of Barclays set his inability to remember talks about the e -mails with his daughter, to remember “the course of time and his professional obligations”.
The lawyers of StaLey, 68, argue that the process of the FCA is “unfair” and that the punishment he imposed is “grossly disproportionate”.
The FCA decided to start an examination without giving staley the opportunity to give an explanation for “any obvious inconsistency” in his statements.
In written arguments, Robert Smith KC for StaLey said that the FCA’s claim that Staene was still in contact with Epstein about his daughter in 2017 was “not supported by the evidence”.
He added that the FCA was able to only refer to “a handful of occasions” in which the two interacted socially socially over a period of almost 10 years.
Staley met Epstein around 1999, while head of the JPMorgan private bank, whose customer was, of Epstein. Epstein was condemned to procure a minor for prostitution and sentenced to 18 months in a prison in Florida in 2008.
Leigh-Ann Mulcahy KC, which represents the FCA, said in legal documents that Staley’s connection with Epstein “inevitably raised questions about his behavior and his judgment”. She said the sanctions against StaLey were “appropriate” and “proportional”.
