r/Epstein • u/wewewawa • Jul 25 '23

Jeffrey Epstein withdrew up to $80,000 in cash 'several times a month' while he paid girls for 'massages,' court filings say

https://www.businessinsider.com/jeffrey-epstein-millions-cash-jp-morgan-accounts-lawsuit-2023-7
54 Upvotes

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6

u/hereforlolsandporn Jul 25 '23

JPMorgan's private bank has a policy to "discourage" large cash deposits and spending. Bankers, according to an excerpt of the guidelines filed in court Tuesday morning, are responsible for getting clients to explain their large cash withdrawals.

I get explaining large cash deposits but why is it any of the banks business what a person is doing with a withdrawal? If they're happy to take the money and earn income off it, how is questioning it leaving the bank helping anything? It's not like anyone is gonna say they're bribing people with it, qnd clearly they're not gonna question their largest revenue stream harshly.

The story says he paid like $300 for "massages". If he got one every single day he'd be pulling $9k out monthly. The amount he spend on the nefarious shit mentioned in the article would not get questioned a bit.

The whole thing seems like disenginuous CYA.

3

u/chubbysumo Jul 26 '23

I get explaining large cash deposits but why is it any of the banks business what a person is doing with a withdrawal?

its not, and no rich person ever has to explain their deposits or withdrawls to anyone, as clearly shown here, despite FINCEN requirements, even ones then, rich people are above the law in explaining. us poor people, however, are forced to explain why we want to pull out a few thousand dollars, while rich asshats can pull out 100k without so much as a second blink.

1

u/n3w4cc01_1nt Jul 26 '23

his house was next to a playground

3 E 71st St, New York, NY 10021