DIRS.INFO The most relevant business & tech news

☆ Women who applied to Bill Gates' firm were reportedly grilled about their porn habits, if they had nudes on their phone, and whether they had STDs
▼ + stars: | 2023-06-29 | by ( Grace Kay | ) www.businessinsider.com time to read: +5 min

Some women who applied to jobs at Gates Ventures were asked sexual questions, The Wall Street Journal reported. A Gates Ventures spokesperson denied knowledge of the contractor's alleged questions. Bill Gates' private office had a screening process in which the firm asked some female candidates sexually explicit questions, The Wall Street Journal reported on Thursday. A Gates spokesperson denied it had any knowledge of any sexually explicit questioning in a statement to the Journal. At the time, a Gates spokesperson said the relationship was unrelated to Gates' decision to step down and the affair "ended amicably."

Persons: Bill Gates, they'd, Gates, Jeffrey Epstein, Epstein, Microsoft's, she'd Organizations: Gates Ventures, Street Journal, Street, Gates, Gates Venture, CIA, Microsoft Locations: Russian

☆ Jeffrey Epstein’s Suicide Underscores Negligence in Federal Prisons, Watchdog Finds
▼ + stars: | 2023-06-27 | by ( Sadie Gurman | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/jeffrey-epsteins-suicide-underscores-negligence-in-federal-prisons-watchdog-finds-dbc423da

Persons: Dow Jones, jeffrey, epsteins

☆ Jeffrey Epstein likely rehearsed his suicide on July 23, but he was still left to accomplish the real thing weeks later, federal inspectors found
▼ + stars: | 2023-06-27 | by ( Michelle Mark | ) www.businessinsider.com time to read: +4 min

Jeffrey Epstein likely rehearsed his suicide weeks before he died, an inspector's report says. Epstein was placed on suicide watch, but was later left unmonitored and with excess linens in his cell. The report documented a number of errors from jail staff, including "significant misconduct." The jail's chief psychologist had determined Epstein likely rehearsed his suicide in the early morning hours on July 23, 2019. Epstein initially told staff his cellmate had tried to kill him, but the cellmate told staff that he felt something hit his legs while he was asleep.

Persons: Jeffrey Epstein, Epstein, —, Mary Altaffer, unmonitored Organizations: Service, Metropolitan Correctional Center, Staff, Metropolitan Correctional, Associated Press, Reuters

☆ How Jeffrey Epstein turned the US Virgin Islands into a pedophile's playground and helped elect a sitting member of Congress
▼ + stars: | 2023-06-27 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +21 min

Court filings show how Jeffrey Epstein exerted power in the US Virgin Islands, two of which he owned. A financier worth hundreds of millions of dollars, Epstein owned two islands in the US Virgin Islands (there are roughly 50 islands overall). He had donated generously to Democratic politicians from the US Virgin Islands for years. With the assistance of the US Virgin Islands' first lady, Epstein navigated the territory's political waters unscathed. The court records show that, at least in the US Virgin Islands, he exerted influence with little friction.

Persons: Jeffrey Epstein, Stacey Plaskett, —, Plaskett, Epstein, James, Lesley Groff, Scott Applewhite, Stacey, Thomas, didn't, Groff, maxed, Shawn, Michael Malone, Gabriel Lopez Albarran, Cecile de Jongh, John de Jongh Jr, de Jongh, Malone, De Jongh, Darren Indyke, Richard Kahn, Kahn, Groff didn't, Stuart McPhail, McPhail, Jeffrey Epstein's, Erika Kellerhals, Hi Jeffrey, Rick Friedman, Corbis, de, JPMorgan Chase, Ghislaine Maxwell, Epstein's, Maxwell, She's, Mary Erdoes, Jamie Dimon's, Jes Staley, Epstein's thrall, Jongh, Denise George, Albert Bryan Jr, Bryan, Jed Rakoff, Emily Michot, Bill Clinton, Donald Trump, Prince Andrew, Trump's, De, Epstein doled, John de Jongh's, Kenneth Mapp, John de Jongh, John, wasn't Organizations: Virgin Islands, Service, Democratic, US, Islands, Democratic Congressional, AP, Federal, Commission, Democratic Party, Virgin Islands Economic Development Authority, Southern Trust Co, de, Indyke, Democrat, Getty Images JPMorgan, US Virgin Islands, JPMorgan, Virgin, Hyperion, Barclays, Authorities, United States Virgin Islands, Virgin Islands Senate, Gov, New York Times, US Virgin, Deutsche Bank, U.S ., Miami Herald, Tribune, Getty, Federal Government, Mapp's PAC Locations: Virgin, Washington, Puerto Rico, Little St, Palm Beach , Florida, St, Croix, Manhattan, Islands, US Virgin, New York, U.S, U.S . Virgin Islands, Jongh, Tortola

☆ Jeffrey Epstein's brother remains convinced the financier was murdered, calling new DOJ report 'blatant bullshit'
▼ + stars: | 2023-06-27 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +7 min

The DOJ inspector general released a long-awaited report concluding Jeffrey Epstein killed himself. Mark Epstein, his brother, isn't convinced. On Tuesday morning, the Justice Department's Office of Inspector General published its long-awaiting report into Jeffrey Epstein's death. Epstein's body was examined by Kristen Roman, a medical examiner for the city of New York. Investigators also spoke to three other inmates in the cell block who could see directly into Epstein's cell from their own cells.

Persons: Jeffrey Epstein, Mark Epstein, isn't, —, Epstein, I've, Jeffrey Epstein's, Epstein —, Bill Clinton, Donald Trump, Prince Andrew —, Kristen Roman, Michael Baden, Baden, Roman, Mark Epstein isn't, Michael Thomas, Spencer Platt, Epstein Mark Epstein, Mark, they're, debrief, Nobody, EMTs, intubated Organizations: Service, Department's, Bureau of Prisons, Metropolitan Correctional Center, Getty, Justice Department, jail's Health Services Locations: Manhattan, New York, Baden, Epstein

☆ Federal investigators are sure no one strangled Jeffrey Epstein
▼ + stars: | 2023-06-27 | by ( Sonam Sheth | ) www.businessinsider.com time to read: +3 min

The DOJ's watchdog released a report detailing the circumstances leading up to Jeffrey Epstein's death. The report confirms that Epstein died by suicide and was not strangled, as some have speculated. The report, however, slams federal officials for failing to prevent Epstein's death. The report also appears to confirm that Epstein died by suicide and was not strangled, as some have speculated. Justice Department officials also interviewed staffers at the Metropolitan Correctional Center, where Epstein was awaiting trial before his death.

Persons: Jeffrey Epstein's, Epstein, —, SHU Organizations: Service, Justice, Metropolitan Correctional Center, SHU Locations: Manhattan

☆ DOJ issues scathing rebuke of Bureau of Prisons detailing multiple failures that led to Jeffrey Epstein’s suicide
▼ + stars: | 2023-06-27 | by ( Holmes Lybrand | ) edition.cnn.com time to read: +5 min

The report indicated the Bureau of Prisons’ failings were troubling not only because they did not safeguard Epstein but also because they “led to numerous questions about the circumstances surrounding Epstein’s death” and denied Epstein’s victims justice. Two guards on duty the night of Epstein’s death later admitted to falsifying records at the time. According to the initial indictment against the two guards, on the night of Epstein’s suicide, both individuals repeatedly failed to complete the required prisoners check during their watch. On the day before he was found dead in his prison cell, Epstein was also allowed by prison staff to make an unmonitored phone call, despite prison policy requiring all phone calls to be monitored. In August 2021, two years after Epstein’s death, the BOP announced it would close Metropolitan Correctional Center, citing the need to improve conditions in the facility.

Persons: Jeffrey Epstein, ”, Epstein, ” Epstein, OIG Organizations: CNN, Department’s Office, Prisons, Federal Bureau of Investigation’s, Metropolitan Correctional Center, Justice Department, Southern, of, MCC, FBI, Force, BOP, Correctional Center, Office Locations: New York, of New York

☆ Prison staff misconduct made it easier for sex predator Jeffrey Epstein to kill himself, DOJ watchdog says
▼ + stars: | 2023-06-27 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

U.S. financier Jeffrey Epstein appears in a photograph taken for the New York State Division of Criminal Justice Services' sex offender registry March 28, 2017 and obtained by Reuters July 10, 2019. "Significant misconduct" by federal Bureau of Prisons staff made it much easier for sex predator Jeffrey Epstein to kill himself in a New York jail in August 2019, a Department of Justice watchdog said in a new report Tuesday. The jail's Psychology Department had issued a directive that he be given a new cellmate. Epstein's death came a month after he was arrested on federal child sex trafficking charges. The city's Medical Examiner's office ruled shortly after his death that Epstein's injuries were consistent with him hanging himself, rather than from being strangled by another person.

Persons: Jeffrey Epstein, Epstein, Epstein's Organizations: New York State Division, Criminal, Services, Reuters, federal, of Prisons, of Justice, DOJ's, Metropolitan Correctional Center, Department Locations: New York, Manhattan

"This is a really fine settlement," Rakoff said. Epstein had been a JPMorgan client from 1998 through 2013, when the bank terminated his accounts. JPMorgan in a statement this month said any association it had with Epstein "was a mistake and we regret it." Rakoff appointed Simone Lelchuk, a lawyer who specializes in administering settlements, to consider individual claims and determine payouts in the JPMorgan and Deutsche Bank cases. JPMorgan is also facing a lawsuit over Epstein by the U.S. Virgin Islands, where the financier owned two neighboring islands.

Persons: Morgan Chase, Mike Segar, Jeffrey Epstein, Jed Rakoff, Rakoff, Epstein, Jane Doe, David Boies, Boies, Simone Lelchuk, Luc Cohen, Jonathan Stempel, Matthew Lewis Organizations: Co, New York City, REUTERS, JPMorgan Chase's, U.S, Deutsche Bank, JPMorgan, U.S ., Thomson Locations: New York, U.S, Manhattan, Florida, Russia, Eastern Europe, U.S . Virgin Islands

☆ Inside JPMorgan's handling of Jeffrey Epstein
▼ + stars: | 2023-06-26 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

This is the last week of 10 Things on Wall Street. But there remains a very large blight on JPMorgan's record that has come back into the spotlight this year: Jeffrey Epstein. Insider's Kaja Whitehouse and Emmalyse Brownstein have a breakdown of JPMorgan's long, drawn-out breakup with Epstein. Read more on JPMorgan's handling of Jeffrey Epstein. The Treasury secretary isn't particularly worried about the potential for more bank mergers this year, per The Wall Street Journal.

Persons: Dan DeFrancesco, I've, I'm, we've, Goldman Sachs, Jeffrey Epstein, Rick Friedman, hasn't, Kaja Whitehouse, Emmalyse, Epstein, Kaja, Read, Janet Yellen, isn't, Moody's, Francis Bacon, We've, Jeffrey Cane, Jack Sommers Organizations: Getty, JPMorgan, Dow, Norges Bank Investment Management, CNBC, Goldman, Street, Financial Times, Sequoia Capital, FDIC, Bloomberg, Dassault Falcon, LinkedIn Locations: NYC, Cambridge, Republic, dealmaking ., New York, London

Epstein had been a JPMorgan client from 1998 and 2013 when the bank terminated his accounts. Lawyers for the victims plan to seek up to 30% of the settlement amount for legal fees, court records show. The victims' lawyers also represented Epstein victims in a similar $75 million settlement with Deutsche Bank (DBKGn.DE), where Epstein was also a client. JPMorgan also faces a lawsuit over Epstein by the U.S. Virgin Islands, where Epstein owned two neighboring islands. The case is Doe 1 v JPMorgan Chase Bank NA, U.S. District Court, Southern District of New York, No.

Persons: Morgan Chase, Mike Segar, Jeffrey Epstein's, Epstein, Jan, Jed Rakoff, Jane Doe, JPMorgan, Rakoff preliminarily, Jes Staley, Staley, Jonathan Stempel, Jahnavi, Robert Birsel Organizations: Co, New York City, REUTERS, JPMorgan Chase's, U.S, JPMorgan, Deutsche Bank, Barclays, Reuters, U.S ., JPMorgan Chase Bank NA, Court, Southern District of, Thomson Locations: New York, U.S, Manhattan, U.S . Virgin Islands, Southern District, Southern District of New York, Bengaluru

☆ Parties seek court approval of JPMorgan Chase $290 million settlement over Epstein ties
▼ + stars: | 2023-06-23 | by ( Lauren Del Valle | ) edition.cnn.com time to read: +4 min

New York CNN —Attorneys filed a preliminary plan to facilitate a $290 million settlement fund for JPMorgan Chase to compensate victims of Jeffrey Epstein. “JPMC is entering into this Stipulation solely to eliminate the burden, expense, and uncertainty of further protracted litigation. Attorneys for the parties have suggested Simone Lelchuk oversee the JPMC settlement process as she has already been appointed claims administrator for the Deutsche Bank settlement. Claimants can see the award money from both bank settlements, though the JPMorgan settlement language notes that any award amount received through the Deutsche Bank settlement will be considered when processing their claim with JPMC. JPMorgan Chase remains tied up in litigation over its longtime relationship with Epstein in a pending lawsuit brought by the government of the US Virgin Islands.

Persons: Jeffrey Epstein, Epstein, “, ”, JPMC, “ JPMC, Simone Lelchuk, Lelchuk, Harvey Weinstein, JPMorgan Chase, Jes Staley, trafficker’s Organizations: New, New York CNN, JPMorgan Chase, Deutsche Bank, JPMorgan, Virgin Islands Locations: New York, “, Virgin, JPMC

☆ 'Lots of smoke. Lots of questions': Internal emails show JPMorgan Chase execs worried about the bank's ties to Jeffrey Epstein. So why did it take so long to cut him loose?
▼ + stars: | 2023-06-23 | by ( Kaja Whitehouse | Emmalyse Brownstein | ) www.businessinsider.com time to read: +29 min

That, of course, is the billion-dollar question: What did JPMorgan, America's largest bank, know about Epstein's alleged sex trafficking? Today, banks have entire departments dedicated to tracking client activity and flagging suspicious behavior. Lots of questions'The fuss JPMorgan compliance officers raised about Epstein in 2011 was extensive. Lots of questions," declared a senior JPMorgan compliance officer reviewing Epstein's accounts as part of that 2011 compliance review, according to court papers filed by the US Virgin Islands. Staley sent Epstein internal JPMorgan documents and relied on him for guidance on an array of business and personal dealings, the JPMorgan internal report shows.

Persons: —, Morgan Stanley, Lehman Brothers —, Jamie Dimon, Jeffrey Epstein, Leon Black, Bill Clinton, Donald Trump, Epstein, Jes Staley, Staley, Jeffrey Epstein's, Michelle Licata, Courtney Wild, Stephanie Keith, Jane Doe, JP Morgan —, Epstein —, jes staley, Patricia Wexler, Wexler, Dimon, Barry Krischer, JPMorgan, Ghislaine Maxwell, Rod Stewart, Cipriani, Joe Schildhorn, Patrick McMullan, Frank Haberstroh, Haberstroh, Les Wexner, Wexner, Tom Williams, JP Morgan, Little, Little Saint James, Epstein's, Jim Spellman, Staley didn't, Morgan, James, Emily Michot, Bill Gates, Larry Summers, Woody Allen, Stephen Cutler, Cutler, Mary Erdoes, Erdoes, Youngbee Dale, Dale, JPMorgan Chase, Michael M, NYDFS, Bernie Madoff, Cecile de Jongh, Joe Shmoe, Jacob Shamsian Organizations: JPMorgan, Highbridge Capital Management, Citigroup, Lehman Brothers, titans, Apollo, US, US Virgin Islands, Bloomberg TV, Financial, US Department of, Treasury, Getty, BSA, Polaris Market Research, United Nations University Centre, M2C Model, Palm, JPMorgan Chase, Washington D.C, Inc, Apollo Global Management, The New York Times, Little Saint, Virgin, U.S ., Miami Herald, Tribune, Service, Microsoft, Columbia University, Mountain Capital, DOJ, New, Deutsche Bank, New York Department of Financial Services, Virgin Islands, Barclays, Authority, Wall Street Journal Locations: York, Manhattan, New York, US Virgin, dimon, Palm Beach , Florida, New York City, UN, Paris, Washington, Prague, thomas, Wexner, Little Saint, I'm, Little St, U.S, U.S . Virgin Islands, Staley, Dimon's, Virgin, British

☆ JPMorgan Chase's drawn-out breakup with Jeffrey Epstein
▼ + stars: | 2023-06-23 | by ( Kaja Whitehouse | Emmalyse Brownstein | ) www.businessinsider.com time to read: +29 min

Several months later, in October 2006, JPMorgan categorized Epstein as a "high-risk" client, according to a transcript of Dimon's deposition in May. Today, banks have entire departments dedicated to tracking client activity and flagging suspicious behavior. Lots of questions'The fuss JPMorgan compliance officers raised about Epstein in 2011 was extensive. A 'faithless servant'One person who might know much more about the tangled relationship between Epstein and JPMorgan is Jes Staley. Staley sent Epstein internal JPMorgan documents and relied on him for guidance on an array of business and personal dealings, the JPMorgan internal report shows.

☆ We just learned the identities of the 2 bail guarantors keeping George Santos out of jail
▼ + stars: | 2023-06-22 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +9 min

A judge has unsealed the identities of George Santos's mysterious bail sponsors. A third bail guarantor never came forward, a judge wrote. Additional identifying information in the bond documents remains sealed. US Magistrate Judge Anne Shields allowed them to be bail sureties anyway because they "agreed to be personally responsible" for Santos. If anything, Seybert wrote, Santos has drawn even more attention to their identities — giving more reason to make them public.

Persons: George Santos's, They're, Santos's, —, Gercino Antônio dos Santos, Elma Santos Preven, Santos, haven't, Anne Shields, Shields, Joanna Seybert, Davis Wright Tremaine, Ghislaine Maxwell —, Jeffrey Epstein, he'd, Joseph Murray, Seybert, Goldman Sachs, Murray, George Santos, Lokman Vural, Getty Images Murray, you'll, Defendant's, Seth Wenig, Samuel Bankman, Lewis Kaplan, who's, Kaplan, Larry Kramer, Andreas Paepcke, Kramer, Paepcke Organizations: Service, Congressional, US, World Trade Center, Citigroup, Goldman, Baruch College, New York University, Anadolu Agency, Getty Images, AP, Stanford University Locations: New York, Washington, York, Brazil, Central Islip , New York, Central Islip

☆ Depending on who you ask, BlackRock just saved, or killed, crypto
▼ + stars: | 2023-06-22 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Today we've got stories on a startup helping you build your credit with rent payments, Wall Street reentering the home-buying frenzy, and how to cut out late-night snacking. But that hasn't stopped critics from painting BlackRock's filing as part of a wider power shift in crypto benefiting traditional financial firms. (It's worth noting that the announcement coincides with the launch of EDX Markets, a crypto exchange backed by Wall Street royalty like Citadel Securities, Fidelity, and Charles Schwab, per The Wall Street Journal.) Wall Street isn't in the business of supporting causes that could put it out of business. By partnering with traditional finance firms, crypto companies are letting the fox in the hen house.

Persons: Dan DeFrancesco, we've, Andrii Shyp, Arif Qazi, Wall, Insider's Rebecca Ungarino, Rebecca, Morgan Chittum, hasn't, Charles Schwab, I've, Read, Teresa Heitsenrether, Here's, We're, Netflix's, Jeffrey Epstein, Epstein, Bel, Gary Winnick, Kaja Whitehouse, Nathan Rennolds Organizations: EDX, Wall, Citadel Securities, Fidelity, Street, JPMorgan, Bloomberg, Netflix, US Virgin Islands, Bel, Air, LinkedIn Locations: BlackRock, New York, London

☆ JPMorgan’s Epstein Deal Sets No Cap or Minimum on Victims’ Claims
▼ + stars: | 2023-06-22 | by ( Matthew Goldstein | ) www.nytimes.com time to read: +1 min

The decision to leave the size of each payout up to an administrator will give that person significant power over the settlement fund, which covers a period of abusive activity by Mr. Epstein from 1998 to 2019. More than 200 women may be eligible to apply to the settlement fund, judging from the number of claims that had been filed with a separate victims restitution fund established by Mr. Epstein’s estate. The estate created the restitution fund shortly after Mr. Epstein killed himself in August 2019 while awaiting trial in a Manhattan jail on sex trafficking charges. The proposed settlement with JPMorgan did not prohibit any woman who received a payout from the estate’s restitution fund from getting an additional recovery under the deal with JPMorgan, according to the court filing. The bank had served as Mr. Epstein’s primary financial institution for roughly 15 years before finally ending the relationship in 2013.

Persons: JPMorgan Chase, Jeffrey Epstein, Epstein Organizations: JPMorgan, Mr Locations: Manhattan

☆ Jeffrey Epstein got $300 mln tax breaks, paid US Virgin Islands police, JPMorgan says
▼ + stars: | 2023-06-21 | by ( Jonathan Stempel | ) www.reuters.com time to read: +4 min

In a Tuesday night court filing, the largest U.S. bank also described how Epstein allegedly paid law enforcement entities such as the Virgin Islands Police Department. The U.S. Virgin Islands, where Epstein owned two neighboring islands, has accused JPMorgan of facilitating Epstein's crimes by providing banking services, and enabling him to pay victims. U.S. Virgin Islands police "never received a single complaint" about Epstein's sex trafficking and would have investigated complaints, a person familiar with the territory's law enforcement practices said. JPMorgan's latest disclosures followed Monday's release by the U.S. Virgin Islands of a 22-page document prepared by the bank in late 2019 after Epstein's death. JPMorgan has sued Staley, and wants him liable for damages it might owe in the accusers' and U.S. Virgin Islands' lawsuits.

Persons: JPMorgan Chase, Jeffrey Epstein, Epstein, Cecile de Jongh, Jeffrey Epstein's, Venetia Velazquez, de Jongh, EPSTEIN'S, Jongh, John, Jes Staley, Staley, Jonathan Stempel, Leslie Adler, Gerry Doyle, Deepa Babington Organizations: YORK, JPMorgan, U.S . Virgin Islands, Virgin Islands Police Department, U.S ., U.S . Virgin, Virgin Islands, FIDE, Financial, Co, Southern Trust Co, territory's Department of Justice, USVI DOJ, Barclays, Thomson Locations: U.S, U.S . Virgin, Manhattan, U.S . Virgin Islands, Florida, New York

☆ Jeffrey Epstein got $300 mln in US Virgin Islands tax incentives, JPMorgan says
▼ + stars: | 2023-06-21 | by ( Jonathan Stempel | ) www.reuters.com time to read: +4 min

In a Tuesday night court filing, the largest U.S. bank described how Epstein allegedly paid law enforcement entities such as the Virgin Islands Police Department. JPMorgan also alleged in the filings that Epstein had ties to U.S. Virgin Islands officials, including former first lady Cecile de Jongh, who the bank said were aware of Epstein's crimes. Spokespeople for the U.S. Virgin Islands did not immediately respond to requests for comment after business hours. The territory, where Epstein owned two neighboring islands, has accused JPMorgan of facilitating Epstein's sex crimes by providing banking services, and enabling him to pay his victims. The bank wants Staley to cover its losses in that lawsuit and the U.S. Virgin Islands lawsuit.

Persons: JPMorgan Chase, Jeffrey Epstein, Epstein, Cecile de Jongh, de Jongh, EPSTEIN'S, Jongh, John, STALEY, Jes Staley, Staley, Jonathan Stempel, Leslie Adler, Gerry Doyle Organizations: YORK, JPMorgan, U.S . Virgin Islands, Virgin Islands Police Department, U.S . Virgin, FIDE, Financial, Co, Southern Trust Co, territory's Department of Justice, USVI DOJ, Barclays, Thomson Locations: U.S, Manhattan, U.S . Virgin Islands, Florida, New York

☆ The hedge fund industry is reaching a tipping point: Grow up or go bust
▼ + stars: | 2023-06-21 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Some of the biggest hedge funds in the world are facing a problem that's proving just as challenging as predicting the markets. The Wall Street Journal has a story on that very conundrum, reporting on the tension at the $60 billion hedge fund Two Sigma between cofounders John Overdeck and David Siegel. While the structure of the modern hedge fund dates back to the 1940s, the industry really hit its stride during the 1990s. But I imagine not every hedge fund will want to go that route. And here's more on how hedge funds like Citadel and Millennium are transforming themselves with the help of Goldman Sachs' alumni.

Persons: Dan DeFrancesco, we've, cofounders John Overdeck, David Siegel, Overdeck, Siegel, cofounders, Goldman Sachs, Tracy Gray, Zhenni Liu, Wil Chockley, Charlie Hanna, Peter Deaner, Jeffrey Epstein, Jes Staley, Epstein, CliffsNotes, Bill Ackman, We've, Jeffrey Cane, Hallam Bullock Organizations: Sigma, Citadel, MaC, Marcy Venture Partners, JPMorgan, Columbia, Bloomberg, Financial Times, Pershing Square Capital, LinkedIn Locations: NYC, Los Angeles, Swiss, New York, London

☆ Dimon may have ordered JPMorgan's review of Epstein ties, Virgin Islands says
▼ + stars: | 2023-06-20 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +3 min

NEW YORK, June 20 (Reuters) - JPMorgan Chase (JPM.N) Chief Executive Jamie Dimon may have ordered a 2019 review of the bank's relationship with the late financier and sex offender Jeffrey Epstein, the U.S. Virgin Islands said. The U.S. Virgin Islands lawsuit is scheduled for an Oct. 23 trial in Manhattan federal court. It referred to a 22-page summary of emails primarily between and among Epstein, Staley and others. A spokesperson for the Virgin Islands said the bank's senior executives "ignored the evidence of Jeffrey Epstein's crimes." JPMorgan is suing Staley to cover its losses in the U.S. Virgin Islands' and Epstein victims' lawsuits.

Persons: JPMorgan Chase, Jamie Dimon, Jeffrey Epstein, Epstein, Jes Staley, Dimon, Staley, Jed Rakoff, Lehman Brothers, Jeffrey Epstein's, Luc Cohen, Nupur Anand, Matthew Lewis Organizations: YORK, JPMorgan, U.S . Virgin, Jeep, Virgin Islands, Barclays, Thomson Locations: U.S, Manhattan, U.S . Virgin Islands, Florida, New York

☆ Jeffrey Epstein offered to help former JPMorgan banker get his daughter into Columbia, report says
▼ + stars: | 2023-06-20 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +3 min

A report revealed new details on Jeffrey Epstein's personal ties with ex-JPMorgan exec Jes Staley. Epstein offered to help Staley's daughter apply to Columbia, the Wall Street Journal reported. Jeffrey Epstein offered to help former JPMorgan executive Jes Staley's daughter nab an acceptance to one of Columbia University's doctorate programs, according to a report by The Wall Street Journal. Epstein offered to connect Staley with Columbia University's president at the Davos World Economic Forum in 2011, the report said, according to The Journal. Lawyers for Staley have denied the allegations against him to the Wall Street Journal.

Persons: Jeffrey Epstein's, Jes Staley, Epstein, Jeffrey Epstein, Jes Staley's, Staley, —, didn't, Mary Erdoes Organizations: ex, JPMorgan, Wall Street Journal, US Virgin Islands, Morning, nab, Columbia, The Journal, Staley, Economic, US Virgin, Little Saint, Wall Street, The Locations: Columbia, Davos

☆ Internal JPMorgan Report Provides New Details on Bank’s Ties to Jeffrey Epstein
▼ + stars: | 2023-06-19 | by ( Khadeeja Safdar | David Benoit | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/internal-jpmorgan-report-provides-new-details-on-banks-ties-to-jeffrey-epstein-fb089131

Persons: Dow Jones, jeffrey, epstein, fb089131 Organizations: jpmorgan

☆ Jeffrey Epstein Acted Like an Adviser to JPMorgan Executive
▼ + stars: | 2023-06-19 | by ( Matthew Goldstein | ) www.nytimes.com time to read: +3 min

A number of times, Mr. Staley told Mr. Epstein he missed him, talked about mutual friends and about helping his daughter get into graduate school. In one email, Mr. Staley bragged to Mr. Epstein about his New Year’s Eve 2011 plans: “I’m here in Brazil with three beautiful women. Have a happy new year.”In another email exchange, according to the document, Mr. Staley wrote to Mr. Epstein in 2010: “Maybe they’re tracking u?? In some emails, Mr. Epstein mentioned all the rich and famous people he was meeting or talking to, including Prince Andrew. Mr. Black was another close associate of Mr. Epstein’s for many years and paid him $158 million for tax and financial advice.

Persons: James E, Staley, Jeffrey Epstein, Epstein’s, Epstein, Mr, “, ”, Prince Andrew, Leon Black, Black Organizations: JPMorgan Chase, Mr, The New York Times, ”, JPMorgan, Middle, Wall Locations: Brazil

Search resuls for: "Jeffrey E"

25 mentions found