Jess Stalli failed to cancel the Bench of Jeffrey Epstein’s links

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Jes Staley failed to cancel a decision of the financial behavior authority as “recklessly” misleading the organizer about its relations with the perpetrators of sexual crimes, convicted Jeffrey Epstein, in a great setback for the former CEO of Barclays.

In a ruling issued on Thursday by the Supreme Court, Judge Timothy Herington said StainlessThe behavior of “dangerous failure of rule” represents “behavior without integrity” by agreeing to a misleading letter from the bank to its organization.

However, the judge ordered to reduce a fine of 1.8 million pounds imposed on Staley by the organizer by 40 percent to reflect the fact that Barclays He was not allowed to receive the deferred shares that he entitled to.

The former Barclays coach had a legal challenge against the ban and the fine imposed by FCA in 2023, with a High -level trial It happens in March.

Herington found that Stallie agreed to the Barclays speech to the organizers who knew that he had inaccurate the nature of his relationship with Epstein, and that “Stallie behavior could have led to confidence in the financial system that is negatively affected.”

The ruling also found that Stallie “did not show any remorse for his behavior.”

At the heart of the conflict, they were represented by Barclays in a letter sent by the bank to the organizers in October 2019, which stated that Staley “had no close relationship” with Epstein and that they last time she continued “before joining Barclays in 2015”.

FCA opened an investigation into Staley two months later, after he told the former employer Jpmorgan Chase the organizer He had a set of documents related to his relationship With Epstein, which forced the American bank FCA to deliver it.

“We have noticed the achievements of Mr. Stali as CEO of Barclays, but in our opinion it does not reduce the risk of misconduct,” as stated in the ruling. “The loss of his career for a long time is an inevitable result of this behavior.”

“He is disappointed with the result and the time that this process took to play,” Stallie said in a statement on Thursday.

He added: “I worked tirelessly for the former employers in the entirety of my career; I am proud of the support I provided to many individuals during that profession and the strategy that I developed to help Barclays when I faced tremendous challenges. The court recognized what they described as” my long and expected career. “

Barclays refused to comment.

The Teres Chambers, the joint executive director of the market for enforcement and supervision of the market at FCA, said that Stallie has taken a “calculated danger” and “hopes that the truth will never shine and that it will escape from that. She added: “This dangerous deficiency in integrity fly in the face of the requirements that we put on those on top.”