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Jes Staley exchanged 1,200 emails with Epstein which also included anonymous wording

Jes Staley exchanged 1,200 emails with Jeffrey Epstein for four years with items that included anonymous terms such as “snow white”, according to people familiar with the correspondence that existed between the former Barclays boss and offender.

Staley resigned from Barclays last week after seeing original sentences in a study conducted by the UK authorities, who revealed whether he had damaged his relationship with Epstein as an expert. He asserted that his confession had been obtained through torture.

At the heart of the investigation was the secrecy of the first e-mails sent to US executives by JPMorgan, during which Staley worked for more than 30 years in various capacities including the head of a private bank where Epstein was a client.

Epstein has committed suicide in 2019 while awaiting trial on a charge of trafficking in young girls.

The exact amount of emails between the two men or anything in it has not been disclosed to date.

Many of the emails, sent between 2008 and 2012, were actually real – for example, discussing news stories or preparing to meet for a drink – but they did show a close relationship between the two men, according to people who knew what was inside.

However, the authorities have emphasized certain words that have no clear meaning. The phrase “snow white” was summarized, two messages related to the conversations the men had experienced in the past, one of the most familiar with the story said. Officials at the Financial Conduct Authority and the Prudential Regulation Authority are close to confirming the statement, a second person said.

Staley’s lawyer, Kathleen Harris, stated: “We would like to make it clear that our client has not been involved in any of the Epstein crimes, and that the password has never been used by Staley in connection with Epstein., At all times.” He said all the emails were innocent.

Barclays reiterated in his earlier statement that “the investigation is not based on the views of Staley, or he is aware of any of the cases that Epstein is considering.” JPMorgan declined to comment.

Staley’s relationship with Epstein began in the early 2000’s when Epstein, who managed billions, was a customer of the secret bank JPMorgan. They became so close that Staley visited Epstein when he was arrested in Florida in 2009 for having a child for prostitution and for prostitution.

Staley says their relationship began to “deteriorate” after he left the US bank in 2013. However, a few months before he joined Barclays in 2015, Staley sailed his boat to the Caribbean island of Epstein. He also allowed Epstein to mentor one of his daughters during his college applications, the Financial Times reported.

Staley said he had no contact with Epstein after visiting the island and was critical of the inspectors’ findings. You are hired Harris, A fellow London supervisor at Arnold & Porter and a former head of the UK Serious Fraud Office, who also represented him in an initial investigation into his attempt to expose the whistleblower, which he did. reprimanded and fined £ 642,000 in 2018.

I know of Staley and Epstein’s connections when he joined Barclays, FCA and PRA opened a follow-up investigation later. receive email storage from US officials in 2019, people familiar with the matter told FT.

Barclays was first notified of the emails in early December 2019, when chairman Nigel Higgins was summoned to see Mark Carney, then Bank of England ambassador, the people said.

Supervisors were concerned that the emails contradicted the original letter sent by the bank, which described the relationship as experts. He encouraged the board to review the latest developments and to find out if the CEO has any it was played on the floor its connection to the lesser one.

The bank spent the next two months scrutinizing the volume of documents with the help of law firm Clifford Chance. At one point Staley decided to resign but was forced to stay, two people familiar with the verdict said.

Barclays decided to stand by Staley, seeing him as the one responsible for the relationship and deciding that no statements could be made in an unfamiliar language.

In February last year the bank said the CEO “had made a name for himself with the company in terms of race and the growth of its relationship with Epstein” and maintained the “full trust” of the board.

Overall, the FCA investigation took 22 months to confirm, which should not be disclosed. Physical witnesses in the case were interrogated in person at the end of 2020, delayed by the Covid-19 ban, people familiar with the matter said.

The moderators looked to see if Staley was “full and honest” with them in her initial revelations and subsequent interviews. The rules require the company to comply with the FCA “freely and co-operatively” and disclose anything that regulators can “expect to realize”.

If Staley continues to challenge his findings, the case will be referred to the FCA’s electoral commission, an independent body made up of former lawyers and banks. They can follow the findings of the guards or reject them. If approved, Staley could appeal to the courts. This work can take years.

Additional reports of Joshua Franklin in New York

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