Jes Staley Accused of Misleading UK Regulator to Protect Career in Jeffrey Epstein Case

The former Barclays CEO faces allegations of providing false statements to the FCA about his ties to Epstein, with closing arguments in his appeal underway.

• Jes Staley, former Barclays CEO, is appealing a £1.8 million fine and lifetime ban from senior financial roles imposed by the Financial Conduct Authority (FCA) in 2023.
• The FCA alleges Staley misled regulators about the timeline and depth of his relationship with Jeffrey Epstein, claiming their contact ended before his Barclays tenure began in 2015.
• Evidence presented includes over 1,200 emails and claims that Staley maintained contact with Epstein until at least 2017, including through his daughter.
• Staley admitted sharing career-related information with Epstein and described him as a mentor but denies knowledge of Epstein’s criminal activities.
• Closing arguments reveal Staley’s alleged motive was to avoid reputational damage, career loss, and potential lawsuits from Epstein’s victims.

3 Articles

The Times The Independent The Guardian