Timeline investigation of financial scandal from @nytmag
A New York Times business reporter presents an investigative timeline detailing how JPMorgan Chase financed Jeffrey Epstein for over a decade. The reporter explains Epstein's value to the bank, his close relationship with executive Jes Staley, and how the bank ignored numerous red flags, including massive cash withdrawals and a 2008 guilty plea for soliciting a minor. The video uses documents and a chronological narrative to argue that despite internal warnings, the bank only severed ties with Epstein after Staley's departure, concluding it was a major institutional failure.
Creator: @nytmag on Instagram
Transcript
The nation's biggest bank provided financial resources to Jeffrey Epstein for years, ignoring red flags about his activities all along the way. We reviewed about 13,000 legal documents and other filings to find out why this relationship went on for so long. When he came to the bank around 1998, he was a financial advisor to billionaires, Best Staley, who was a top banker at JPMorgan for many years, basically became a very close friend of Jeffrey Epstein. In total, there are roughly a 130 some od