Jes Staley Loses Bid to Overturn Ban Over Jeffrey Epstein Friendship
(Bloomberg) – Former Barclays PLC boss Jes Staley lost a legal war to overthrow the British financing on his relationship with Jeffrey Epstein, which ended his attempt to rehabilitate himself in the British Financial Services Industry.
A London judge confronted the financial behavior authority by deciding that the authorities of the manager mislead the nature of the banker’s relationship with the deceased pedophilic financier.
“The authority did not regret any regret for the behavior of the authority,” Judge Timothy Herrington said in his decision on Thursday.
In order to overthrow the observer’s fine and to overthrow the movement to prohibit it from the sector, Staley had brought the legal challenge, the highest profile court case among any administrator in recent years.
The FCA’s Execution and Market Surveillance joint director Therese Chambers said in a statement after the decision, hoping the truth would never emerge and hoped with it. ” “In the face of the requirements we give to the top people, there is such a serious lack of integrity.”
After the FCA’s sentence, the judge had to pay £ 1.1 million ($ 1.5 million) to reflect the stock prizes of the former banking manager.
A lawyer for Staley immediately did not respond to the request for comments. Staley has 14 days to appeal the decision.
During the hearing, FCA exhibited E -mails showing the close friendship of the couple, and announced that Staley’s visits to Epstein’s Caribbean Island and that the banker had sex with an Epstein employee. Nevertheless, Staley argued that FCA was never clear enough with Barclays in the preliminary investigations of the president of the audit, and that the bank’s authorities had prepared the letter collectively at the center of the case.
“In our opinion, evidence that Mr. Staley has a close relationship with Mr. Epstein, he said.
Staley went to court every day during the hearing and witnessed for four days. Epstein said that he was “the best Rolodex as a senior executive at JPMorgan Chase & Co., and introduced him to üç three of the five richest people in the world”.
The judge reset the decision to keep Epstein as a customer even after JPMorgan’s bank officials were concerned about Epstein’s reports of sex smuggling. The judge said that Staley’s support to Epstein allowed the US bank to hold a disgraceful financier as a customer.
While the judge said that Staley did not mislead the court, some evidence had no “reliability”.
The judge said, “It was often that it was open to issues that helped the case of his memory but were not related to issues that call for explanation,” he said.
During the hearings, FCA argued that Staley’s relationship went well beyond a professional relationship and deliberately minimized a “deeper and deeper” proximity.
In June 2008, Epstein was imprisoned in Florida because he wanted sex from non -disregard girls. In July 2019, in addition to other things, he was arrested again for federal accusations of minors sex smuggling shortly before his death in New York prison. Staley resigned from Barclays two years later.
Staley argued that he never knew the whole story about Epstein. In a stock market, a Barclays manager Staley said to him, “If I think he’s a pedophile, why did I introduce my wife and girls to Mr. Epstein?” He said.
The hearing proved some of the highest -level figures in London, including Bank of England Governor Andrew Bailey and Barclays President Nigel Higgins.
Herrington, “We have achieved success as Mr. Staley’s General Manager of Barclays, but according to our opinion, they do not reduce the seriousness of abuse,” he said. “The loss of his long -standing career is an inevitable consequence of this behavior.”
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