Michael Tracey

speaker

1,212 appearances 2 recordings 2 series first heard Feb 2026 last heard 20 Feb

Michael Tracey’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 2 in all, peaking in Feb 2026 with 2.

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All-In with Chamath, Jason, Sacks & Friedberg · Epstein Files Special: Prince Andrew Arrested, Global Network, Mythology, Reid Hoffman Files · 20 Feb 2026 podcast

And so a consolidated settlement program was set up to pay out settlements to claimants.

So then they take that model that had been set up for the Epstein estate, and then they start going after major multinational banking institutions that David Boies and Bradley Edwards decide to

very creatively and cleverly, I have to say, allege were complicit in Jeffrey Epstein's like world-spanning child sex trafficking operation and therefore reliable.

Epstein banked at those institutions.

So first J.P.

Morgan from like the late 90s to 2013, roughly, and then Deutsche Bank from 2013 to 2019.

Yeah, I mean, they first started making a much more accusatory argument about their direct complicity in facilitating a sex trafficking operation.

But what the judge ultimately agreed to was to that...

they were reasonably guilty or reasonably to be found liable for essentially negligence because Epstein would withdraw cash

And that's supposed to trigger certain monitoring provisions that it was claimed JP Morgan and Deutsche Bank did not satisfactorily do.

I mean, it was kind of like a stretch of an argument, frankly.

But because of the popular climate around, oh, anybody who was involved in this in any way has to pay for all this pedophilic sex trafficking, there wasn't a whole lot really that the lawyers for those banking institutions could do to take the heat off.

So there are two more settlement funds.

So JP Morgan ended up totaling around $290 million.

And the lawyers end up convincing the judge who presided over this agreement in New York, the federal judge, Rakoff, to grant them 30% in legal fees or attorney's fees that they claimed.

And Deutsche Bank was around $90 million or $80 million maybe.

Okay.

Just to add those up now, so the Epstein estate was around, if I'm remembering, $121 million.

And that's gone up, actually, since even more litigation has been filed, separated apart from the class action settlement.

JP Morgan, $290.

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