The New York Post reports that "Jeffrey Epstein helped JPMorgan land Google co-founder Sergey Brin and his $4B in investments as client: lawsuit." The article begins:
Jeffrey Epstein brought a slew of deep-pocketed clients to JPMorgan Chase — including Google co-founder Sergey Brin, who became one of the bank’s biggest clients with investments worth more than $4 billion, according to court papers.
A bombshell legal filing in the US Southern District of New York late Monday revealed that “Brin became a client of JPMorgan’s San Francisco Private Bank in 2004” — one year after Epstein introduced Brin to Jes Staley, a former executive at JPMorgan.
“The overall Brin relationship is one of the largest in the Private Bank, of +$4BN,” wrote banker Robert A. Keller in a memo, who the documents claim was introduced to Epstein by Staley.
Brin, who’s also behind the single-family office Bayshore Global, also met with the CEO of JPMorgan’s asset and wealth management division, Mary Erdoes, plus other JPMorgan executives and members of Bayshore, the memo filed in court states.
“We work very closely with the Sergey Brin family office … and communicate with them at least 1 x per day,” Keller added on the memo.
At the time, in 2004, Brin was No. 19 on Forbes’ Billionaires list.
The article explains:
The fresh evidence is part of the Virgin Islands’ lawsuit claiming JPMorgan benefitted from Epstein’s infamous sex-trafficking ring while ignoring his sordid misdeeds, where the isle’s government is seeking at least $190 million to settle the suit.
The sum includes $150 million in civil fines and at least $40 million in penalties for maintaining a 15-year relationship with Epstein.
And for those keeping score, Wikipedia mentions that "Brin was born on August 21, 1973, in Moscow in the Soviet Union, to Russian Jewish parents, Mikhail and Eugenia Brin, both graduates of Moscow State University (MSU). His father is a retired mathematics professor at the University of Maryland, and his mother is a researcher at NASA's Goddard Space Flight Center."
Again, Epstein was paid to do exactly what he did.
ReplyDeleteExactly. You don't convince people to transfer their wealth to a bank for nothing. And the allegations in the legal action against JP Morgan were that the executives knew how Epstein was doing it.
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