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Jeffrey Epstein helped JPMorgan land Google’s Sergey Brin as client

July 25, 2023
in Business
Reading Time: 12 mins read
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Jeffrey Epstein helped JPMorgan land Google’s Sergey Brin as client
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Jeffrey Epstein brought a slew of deep-pocketed clients to JPMorgan Chase — including Google co-founder Sergey Brin, who became one of the bank’s biggest clients with investments worth more than $4 billion, according to court papers.

A bombshell legal filing in the US Southern District of New York late Monday revealed that “Brin became a client of JPMorgan’s San Francisco Private Bank in 2004” — one year after Epstein introduced Brin to Jes Staley, a former executive at JPMorgan.

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“The overall Brin relationship is one of the largest in the Private Bank, of +$4BN,” wrote banker Robert A. Keller in a memo, who the documents claim was introduced to Epstein by Staley.

Brin, who’s also behind the single-family office Bayshore Global, also met with the CEO of JPMorgan’s asset and wealth management division, Mary Erdoes, plus other JPMorgan executives and members of Bayshore, the memo filed in court states.

“We work very closely with the Sergey Brin family office … and communicate with them at least 1 x per day,” Keller added on the memo.

At the time, in 2004, Brin was No. 19 on Forbes’ Billionaires list.

Onboarding documents included in the docket showed that at the time, “Brin’s fortune passed the $30 billion mark.”


Google co-founder Sergey Brin was referenced to JPMorgan in 2003 by Jeffrey Epstein, and the relationship grew to be one of the bank’s largest, according to new documents filed by the US Virgin Islands.
WireImage

Brin, a 49-year-old father-of-two, is now No. 11 on the Forbes list with a net worth of $99.1 billion.

Also in 2003, Epstein reportedly introduced Brin’s fellow Google co-founder Larry Page to JPMorgan, the court documents showed.

A Google spokesperson didn’t immediately respond to a request for comment.

Reps for Brin and Page could not be reached for comment.

An email correspondence cited in the filing also revealed that JPMorgan referred to Epstein as “the advisor to the Google founders.”

According to the filing, the message was sent by Ann Borowiec, a former managing director at the bank, to Staley, referencing the potential “need to have a NY team for Jeffrey Epstein, as the advisor to the Google founders.”

“We have not brought an investor onto the team yet, because we wanted to see if you agreed that it should be Bob Blanch,” she wrote, referencing another managing director.

“Since you know Jeffrey, which one would you pick?” Borowiec asked Staley.

“What do you recommend as next best step? A meeting/call with you. A meeting with Jeffrey?”

According to the court documents, Staley was introduced to Epstein by former JPMorgan head honcho Sandy Warner “in or about the 2000 time period.”

Warner told Staley: “You should meet Epstein. He’s one of the most connected people I know of in New York.”


Fellow Google co-founder Larry Page (pictured left with Brin) was also referenced to the bank by Epstein. An email correspondence cited in the filing revealed that JPMorgan referred to Epstein as "the advisor to the Google founders."
Fellow Google co-founder Larry Page (pictured left with Brin) was also referenced to the bank by Epstein. An email correspondence cited in the filing revealed that JPMorgan referred to Epstein as “the advisor to the Google founders.”
Corbis via Getty Images

Before referencing Brin and Page to JPMorgan, Epstein brought a slew of people in his high-net-worth network to the bank, including Bill Gates, the Sultan of Dubai, Prince Andrew, Hyatt hotel heir Thomas Pritzker, billionaire hedge fund founder Glenn Dubin “and many other ultra-wealthy clients.”

By 2003, when Brin and Page reportedly joined the bank, “Epstein was also bringing in over $8 million in revenues to the Private Bank,” the court documents said.

The figure was “the top revenue and nearly double the amount of the next highest client,” the filing added.

The fresh evidence is part of the Virgin Islands’ lawsuit claiming JPMorgan benefitted from Epstein’s infamous sex-trafficking ring while ignoring his sordid misdeeds, where the isle’s government is seeking at least $190 million to settle the suit.

The sum includes $150 million in civil fines and at least $40 million in penalties for maintaining a 15-year relationship with Epstein.

Both Brin and Page have been issued subpoenas as part of the ongoing, high-profile suit.

Representatives for JPMorgan did not immediately respond to The Post’s request for comment.


By 2003, when Brin and Page reportedly joined the bank, "Epstein was also bringing in over $8 million in revenues to the Private Bank," the court documents said.
By 2003, when Brin and Page reportedly joined the bank, “Epstein was also bringing in over $8 million in revenues to the Private Bank,” the court documents said.
AP

Brin was subpoenaed in April. The US Virgin Islands’ attorney general has asked legal representatives for Brin to turn over any documents or information related the bank and Epstein.

The US Virgin Islands attempted to subpoena Page as part of the lawsuit as well, but a court filing from May showed that government officials couldn’t find him to serve him the papers.

The 50-year-old tech mogul — who’s worth $104.3 billion, according to Forbes — remains largely out of the public eye.

Although it’s unclear where he resides, legal documents obtained by Insider revealed Page owns four islands and reportedly spent much of the pandemic hiding out in Fiji.

Three of Page’s islands are located in the Caribbean: Hand Lollik, its neighboring Little Hans Lollik, and Eustatia Island, while Tavarua lies west of the main Fijian island.

Page and Brin co-founded Google in 1998 based on research they conducted together while at Stanford University as doctoral students.

A restructuring of Google in 2015 made Alphabet the search giant’s corporate parent.


The fresh evidence is part of the Virgin Islands’ lawsuit claiming JPMorgan benefitted from Epstein’s infamous sex-trafficking ring while ignoring his sordid misdeeds.
The fresh evidence is part of the Virgin Islands’ lawsuit claiming JPMorgan benefitted from Epstein’s infamous sex-trafficking ring while ignoring his sordid misdeeds.
REUTERS

The duo held top jobs at the organization — Page had been the chief executive of Google and Brin had been the president of Google — until 2019, when they stepped down and Sundar Pichai took over as Alphabet’s CEO.

Page remains a board member and controlling shareholder for Alphabet.

Brin, the second-largest shareholder behind Page, was reportedly hands-off since leaving his day-to-day role in 2019.

However, he’s back in the trenches and working with a group of researchers to build Google’s long-awaited artificial intelligence model, Gemini, according to The Wall Street Journal.

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