Jeffrey Epstein Wills Named Wall Avenue Executives As Property Executors

As he deliberate for his dying, Jeffrey Epstein listed highly effective buddies and associates from Wall Avenue because the individuals who would maintain his affairs.

Variations of Epstein’s will launched Tuesday by the Justice Division featured former Treasury Secretary Larry Summers, former Barclays CEO Jes Staley, and former Bear Stearns CEO Jimmy Cayne as potential executors of his property.

The ultimate model of Epstein’s will — which was signed in August of 2019, whereas he was in jail awaiting trial on federal sex-trafficking prices in Manhattan, and shortly earlier than he killed himself — listed his longtime private lawyer, Darren Indyke, and accountant Richard Kahn as his property executors.

The older variations of Epstein’s will have been launched following the passage of the Epstein Recordsdata Transparency Act, which required the Justice Division to make its Epstein-related recordsdata public. Along with Epstein’s 2019 indictment, his affiliate Ghislaine Maxwell was sentenced to twenty years in jail in 2021 for trafficking women to him, and in 2008, he pleaded responsible to a criminal offense involving sexual misconduct with a minor.

The recordsdata embody references to lots of Epstein’s highly effective associates, together with President Donald Trump and former President Invoice Clinton. Inclusion within the paperwork is not a sign of wrongdoing.

Cayne, who died in 2021, was listed as a co-executor for Epstein’s property in variations of Epstein’s will signed in 2003 and 2004. Epstein labored at Bear Stearns within the Eighties, earlier than turning into a monetary advisor to billionaires Les Wexner and Leon Black.

Cayne’s daughter didn’t instantly reply to a request for remark.

In 2012, Epstein listed Staley — who was then an government at JPMorgan Chase — as a backup executor to his will. In 2013, Staley was promoted to co-executor standing, alongside Indyke.

Staley saved the place as co-executor of Epstein’s will within the 2014 model as nicely. By then, Epstein had listed Summers as a backup executor.

An lawyer for Staley did not instantly reply to a request for remark from Enterprise Insider. Staley stated in a 2019 letter to a UK regulator that he didn’t have an in depth relationship with Epstein.

Staley stepped down because the CEO of Barclays in 2021 following an investigation into his ties with Epstein from the British financial institution regulator, which banned him from working within the monetary trade. A UK courtroom earlier this yr upheld Staley’s ban, discovering that he lied about having a “purely skilled” relationship with Epstein.

Summers stepped down from his educating put up at Harvard and from his board seat at OpenAI following the discharge of quite a few emails between him and Epstein by the Home Oversight Committee final month.

Steven Goldberg, a spokesperson for Summers, stated in an announcement that the economist was not concerned in Epstein’s monetary life.

“Mr. Summers had completely no data that he was included in an early model of Epstein’s will and had no involvement in his monetary issues or the administration of his property,” Goldberg stated in an announcement to Enterprise Insider.

Epstein additionally included one other distinguished determine within the penultimate model of his will. A draft of the desire, launched by the Home Oversight Committee earlier this yr, listed prime Goldman Sachs lawyer Kathryn Ruemmler because the backup property executor.

Ruemmler, by JPMorgan, declined to remark when the desire was launched by the Home Oversight Committee earlier this month.