It was August 2008, the brink of a global financial crisis, and inside JPMorgan Chase & Co. an employee was expressing confidence the bank was about to kick out a wealthy client whose name was becoming infamous: Jeffrey Epstein.
“I would count Epstein’s assets as a probable outflow for ’08,” the staffer wrote in an internal email about Epstein’s roughly $120 million portfolio, several weeks after the customer pleaded guilty to soliciting a minor for prostitution. “I can’t imagine it will stay (pending Dimon review).”
Epstein remained a JPMorgan client for five more years.
