Jeffrey Epstein’s personal lawyer says he took out huge cash withdrawals because he had trouble getting a credit card

• Jeffrey Epstein’s longtime attorney, Darren Indyke, has been subpoenaed before the House Oversight Committee.

• Indyke attempted to explain Epstein’s large cash withdrawals starting in 2013.

• The victims and their lawyers alleged that Epstein used cash to fund his sex trafficking operation.

Speaking under oath before members of Congress on Thursday, Jeffrey Epstein’s personal lawyer attempted to explain some of the now-dead financier’s massive cash withdrawals.

In his prepared speech, Darren Indyke He told members of the House Oversight Committee that Epstein needed large sums of money to run his many homes from New York to New York. US Virgin Islands.

“He and his staff needed cash for meals, gifts, tips, and fuel, as well as for a wide range of expenses, including maintenance, repairs, and daily household needs of their residences in New York, Florida, New Mexico, Paris, and the USVI. private planeIndyke said in his keynote, a copy of which was obtained by Business Insider.

Indyke also said that Epstein had difficulty getting credit card approval. JPMorgan Chase cuts ties with convicted sex offender Convicted in 2013.

“It is undisputed that Mr. Epstein had difficulty accessing credit cards from major banks during this period,” Indyke said, referring to cash withdrawals he made for Epstein between 2013 and 2017.

Epstein files made public by the Ministry of Justice, credit card fees for that period. They also include: credit reports It shows that his credit card accounts were open between 2011 and 2017 and his credit score was over 750.

A representative from Deutsche Bank declined to comment. Indyke’s attorney did not respond to a request for comment.

Epstein died in prison in New York in 2019 while awaiting trial on federal sex trafficking charges.

In 2008, Epstein pleaded guilty to misdemeanor sex crimes in Florida after several young women, some in their teens, told authorities they had accused him. paid them several hundred dollars in cash in exchange for a “massage” This situation turned into sexual abuse.

Lawyers representing Epstein’s accusers in civil lawsuits filed against banks that held Epstein’s accounts pointed out that large amounts of cash were withdrawn from Epstein’s accounts after his conviction in 2008. They argued that, given news reports about Epstein’s payments to women, banks should flag cash withdrawals that they said allowed Epstein to continue his sex-trafficking operation.

JPMorgan Chase – later cut ties with Epstein Employees have repeatedly voiced concerns about withdrawing cash – A $290 million settlement was reached in the class-action lawsuit filed by Epstein’s victims. Deutsche Bank, where it carried Epstein’s accounts after JPMorgan severed ties, filed a separate lawsuit for $75 million.

Indyke said he never tried to get around banks’ cash withdrawal policies and never believed the money was used for “improper purposes.”

“For a person in Mr. Epstein’s financial situation, with five multimillion-dollar residences employing dozens of employees and an extensive travel schedule, it does not seem to me unusual that Mr. Epstein’s business, home and personal needs regularly require large amounts of cash,” he said.

Others who worked for Epstein also had access to his accounts and were able to withdraw money from them, including accountants Richard Kahn, who testified before the House Oversight Committee last week. Harry Beller.

Indyke said in a statement that Epstein appeared “extremely remorseful” after his conviction in 2008 and regretted ever believing him. She said she was not personally aware of any sexual abuse by Epstein until after his death.

“He led two completely different lives, one professional and the other private and personal, which caused suffering to many,” Indyke said. “It may be hard for some to believe that I don’t know what my client is doing in his private life, but it’s true.”

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