Jeffrey M. Matusow
JPMorgan Private Bank investment specialist whose documented work for Jeffrey Epstein included account coverage, trading communications, a townhouse visit, and continued contact after Epstein’s 2008 conviction.
Snapshot
| Field | Detail |
|---|---|
| Full name | Jeffrey Michael Matusow |
| Common name in records | Jeff Matusow |
| Epstein connection | JPMorgan Private Bank investment specialist and, at points, banker or account coverage professional |
| Documented period connected to Epstein | At least 2006 through 2011 in account and communication records, with a later copied JPMorgan email in 2015 |
| Employer during the central period | JPMorgan Chase Bank and J.P. Morgan Securities |
| Securities registration | J.P. Morgan Securities Inc. from March 2002 to October 2008; J.P. Morgan Securities LLC from October 2008 to February 2020 |
| Known direct meeting | April 8, 2010 at Epstein’s East 71st Street residence in Manhattan |
| Main documented functions | Investment ideas, trade execution, portfolio monitoring, market updates, client calls, and coordination with other JPMorgan personnel |
| Criminal status | No identified criminal charge tied to Epstein |
| Civil status | Not identified as an individual defendant in the major survivor or United States Virgin Islands actions against JPMorgan |
| Regulatory status | FINRA BrokerCheck reports no disclosure events and says he is not currently registered |
| Current public affiliation | A LinkedIn profile matching his background lists Cove Advisors LLC; this self reported listing has not been independently verified through a regulatory filing |
Jeffrey M. Matusow was not merely a name in Epstein’s address book. Primary records place him inside the JPMorgan team that actively covered Epstein after Epstein had pleaded guilty in Florida to offenses involving a minor. The records show Matusow discussing and executing large trades, monitoring open positions, calling Epstein, visiting his residence, and arranging backup coverage when away. Those facts establish a sustained professional banking relationship. They do not establish that Matusow participated in Epstein’s sexual abuse or trafficking.
Key Takeaways
- JPMorgan records identify Matusow as an investment specialist, a temporary banker of record during parts of 2006, and a member of the Global Investment Opportunities team that covered Epstein in 2010.
- On July 22, 2009, the day Epstein was released from county custody, Matusow forwarded an article about that release to Mary Casey and wrote, “Will you be my buddy on this one??” The message is authentic in the released litigation record. Its precise intended meaning is not explained in the email.
- In March 2010, Mary Casey told Jes Staley that Paul Barrett and Matusow were co covering Epstein on the Global Investment Opportunities desk, Paul Morris would be his banker, and the bank hoped the relationship would grow.
- Emails from March through September 2010 document repeated discussions and transactions involving preferred shares, equities, bonds, currencies, rates, commodities, options, and structured products. Several messages describe positions or potential notional exposure in the tens of millions of dollars.
- JPMorgan later reported that Matusow and Paul Morris visited Epstein’s Manhattan townhouse on April 8, 2010 for what the bank characterized as routine account servicing. Epstein’s schedule and related emails instead named Matusow and Paul Barrett for a planned appointment. The public record does not fully reconcile that difference.
- The Senate Finance Committee’s Democratic staff highlighted Matusow’s 2009 message in its August 2026 report and said more investigation was needed to determine whether he, Casey, or others advocated reduced monitoring, oversight, or reporting. That language identifies an unanswered investigative question, not a finding that Matusow did so.
- No public record reviewed for this article shows a criminal charge, civil judgment, regulatory sanction, or survivor accusation against Matusow individually in connection with Epstein.
Overview
Matusow’s relevance to the Epstein record is institutional. He worked in the part of JPMorgan’s private bank that supplied sophisticated investment products and execution to wealthy clients. Epstein was a profitable, high value client whose relationship with the bank continued after his 2006 arrest and 2008 guilty plea. In this setting, Matusow appears as one of the professionals who maintained the commercial relationship at the working level.
The released documents are unusually specific. They do not only show names on internal charts. They record market recommendations, executed quantities, profit figures, risk discussions, calls, scheduling, and an in person visit. They also show other JPMorgan employees treating Matusow as a regular point of contact for Epstein’s account.
The strongest evidence comes from JPMorgan emails, account statements, due diligence records, calendars, and the bank’s sworn litigation response. Later court exhibits and a 2026 Senate staff report make those records easier to interpret, but the original communications remain essential because they show what people wrote and did at the time.
Identity and Career
FINRA identifies him as Jeffrey M. Matusow, CRD number 4226591. His BrokerCheck report records registrations with Morgan Stanley in 2001, J.P. Morgan Securities Inc. from 2002 to 2008, and J.P. Morgan Securities LLC from 2008 until February 2020. It lists the Series 7, Series 66, and Securities Industry Essentials examinations. The report states that he is not currently registered and lists no disclosure events.
The employment section of that report, which FINRA warns may not be updated after a person leaves registration, lists Matusow as a JPMorgan Chase Bank investment specialist beginning in 2013 and as a licensed banker at J.P. Morgan Securities beginning in 2002. Because the source was maintained through the securities registration system, its use of “present” should not be read as proof of present employment.
JPMorgan emails from 2009 and 2010 describe Matusow as a Managing Director in the Private Bank and place him first at 345 Park Avenue and later at 40 West 57th Street in New York. Account statements use the functional title “Investment Specialist.” A public LinkedIn profile matching his name, location, education, and financial background lists Cove Advisors LLC and Columbia Business School. That profile is useful as a lead, but it is self reported and does not establish the nature or regulatory status of Cove Advisors.
No reliable public source reviewed for this article supplied his date of birth, family information, or other personal details relevant to the Epstein relationship. Such information is therefore omitted.
How Matusow Entered Epstein’s JPMorgan Relationship
JPMorgan due diligence records show brief changes in the banker field during 2006. The audit history says the assigned banker changed from Mary Casey to Matusow on June 24, from Matusow to Robert Baynard on July 7, from Casey to Matusow on July 15, and from Matusow back to Casey on July 28. The same history appears in EFTA02811623, EFTA01480930, and EFTA01482084. These short assignments show that Matusow entered the formal account administration record by 2006, but they do not reveal whether each automated change reflected substantive client management or internal reassignment mechanics.
The due diligence material also shows why the relationship mattered to JPMorgan. A 2003 review said Epstein generated one of the largest annual revenue flows among private bank clients and that the bank sought to increase business with him. Matusow did not author that review, but it provides the commercial context in which he later worked.
By July 2009, Matusow clearly knew that Epstein’s criminal case affected the account. In EFTA02816180, he forwarded a news article titled “Billionaire freed from jail on sex charges” to Mary Casey and asked, “Will you be my buddy on this one??” The attached article described Epstein’s release, probation, sex offender status, and civil claims.
The email does not define “buddy.” It could refer to shared coverage, internal support, or a compliance process. It should not be transformed into a claim that Matusow sought reduced monitoring. The Senate Finance Committee staff report cited the message and called for further investigation into whether Matusow, Casey, or others advocated reduced monitoring, oversight, or reporting. The report itself therefore treats the issue as unresolved.
Formal Coverage Structure in 2010
The clearest description of Matusow’s role appears in EFTA02817809. On March 9, 2010, Mary Casey wrote to Jes Staley that Epstein had been set up for business in the Private Bank, including an International Swaps and Derivatives Association agreement, on the Global Investment Opportunities desk. She said Paul Barrett and Jeff Matusow were co covering him on that desk, Paul Morris would be his banker, Epstein was “well covered,” and the bank hoped the relationship would grow.
That message separates roles. Morris was the banker. Barrett and Matusow supplied coverage through the investment desk. Account statements reinforce that division by identifying Morris as banker and Matusow as investment specialist. Earlier records sometimes identify Mary Casey as banker while continuing to identify Matusow as investment specialist.
This structure matters because it shows that the relationship was supported by a team, not by one isolated employee. Matusow handled investments and markets; Morris handled the banking relationship; Barrett shared investment coverage; Casey coordinated or supervised parts of the relationship; and senior figures received updates.
Direct Trading and Investment Activity
The 2010 communications document an active, sophisticated portfolio relationship. The transactions below are not alleged to be illegal. Their evidentiary importance is that they show the scale, frequency, and substance of JPMorgan’s service to Epstein after his conviction.
| Date | Asset or strategy | Documented activity | Evidence |
|---|---|---|---|
| March 23, 2010 | Interest rate swaption | Matusow proposed selling a one month receiver swaption on the 30 year swap rate and described strike and break even levels | EFTA02427013 |
| March 25, 2010 | JPMorgan preferred shares | Communication described 400,000 shares with a 6.7 percent coupon | EFTA02428173 |
| March 26, 2010 | JPMorgan preferred shares | Matusow asked whether Epstein wanted more; another message discussed 130,000 additional shares at an offer of $25 | EFTA02427395, EFTA02427351 |
| April 15, 2010 | Cablevision bonds and yen forwards | Discussion included a bond opportunity and approximately $362,000 of profit on Japanese yen forwards | EFTA00748320, EFTA02425994 |
| April 16, 2010 | Eurodollar position | Matusow recommended taking an approximately $340,000 profit after a market move | EFTA00760057, EFTA02425911 |
| April 23 and 29, 2010 | Goldman Sachs shares | Matusow proposed a trade; later records report 30,000 shares bought at an all in price of $159.1990 | EFTA00760376, EFTA00733450 |
| May 6, 2010 | Palladium and rates | Matusow recommended closing a losing palladium position and discussed rate exposure | EFTA00733803 |
| May 7, 2010 | Equity transaction | Matusow reported that shares had been sold at $8.0126 | EFTA00759782 |
| May 20, 2010 | Foreign exchange and market risk | Matusow sent market updates and proposed actions that Epstein approved | EFTA00758919, EFTA02424347 |
| May 28, 2010 | Dividend hedges | Messages discussed open euro dividend positions with notional amounts of 10 million and 15 million and recent swings or losses | EFTA02414861, EFTA01814332 |
| June 3, 2010 | Oil options | Matusow described cashless oil risk reversals with approximately $20 million associated with each structure, expressed as 285,000 barrels | EFTA00735053 |
| June 17, 2010 | Swiss franc position | Matusow reported taking a $150,000 profit | EFTA00749321 |
| July 22, 2010 | Norwegian krone | Matusow sent a one year dollar versus krone chart and identified where the position had been initiated | EFTA00758506 |
| July 29, 2010 | JPMorgan preferred shares | Messages discussed the terms of an approximately $20 million preferred position | EFTA00737262, EFTA00737266 |
| August 2010 | Wheat and corn | Matusow and Barrett discussed commodity views and positions with Epstein | EFTA01986243, EFTA02531619 |
| September 20, 2010 | Euro and Swiss franc | Matusow followed up about a trade discussed with Epstein and asked to talk about the currency pair | EFTA02421967, EFTA02418551 |
| September 21, 2010 | Australian dollar options and dividends | Messages described a maximum option profit of $575,000 and a mark to market dividend gain above $300,000 | EFTA00755932, EFTA02420624 |
| September 27, 2010 | S&P structured note | Matusow discussed a structured equity note and related option exposure | EFTA00732017 |
Other records discuss Indian rupee and Polish rate ideas, BP, Goldman Sachs, corn, wheat, and general market conditions. See EFTA00732810, EFTA00890931, EFTA02409680, EFTA02409721, and EFTA02408310.
The figures in these emails can refer to position size, option notional, possible profit, realized profit, or mark to market value. They should not be added together as though they were one measure of assets or revenue.
Calls, Availability, and Account Monitoring
Messages from Epstein’s assistants record repeated calls from Matusow on March 24; April 23, 29, and 30; July 23; August 3 and 5; and September 1, 20, and 24, 2010. One September message said Matusow would email about a trade discussed the prior Friday. Another said his call was not urgent; a later note said he had called again and hoped for a return call that morning. See EFTA00761717, EFTA02425420, EFTA02425047, EFTA02425013, EFTA02409478, EFTA02408225, EFTA02408397, EFTA02422558, EFTA02421967, and EFTA02420432.
On July 19, Matusow asked Epstein how to reach him. On August 13, he told Epstein that he would be away for two weeks and that Paul Barrett was watching the account. Barrett’s December 17 out of office reply directed Epstein to Matusow or David Giuffrida. These are ordinary client service communications, but together they demonstrate continuity and delegated responsibility. See EFTA02409097, EFTA00734730, and EFTA01787385.
In February 2011, a JPMorgan email reminded Epstein about a Digital Growth Fund conference call and copied Matusow, Barrett, and other members of the investment team. See EFTA02024854 and duplicate EFTA01157152. This confirms that Matusow remained within the distribution and coverage structure in 2011.
April 8, 2010 Townhouse Visit
Scheduling messages proposed that Matusow and Paul Barrett visit Epstein at his East 71st Street residence on April 8, 2010. Epstein replied that the meeting should last no more than 20 minutes. A daily schedule lists an appointment with Matusow and Barrett at 4:45 p.m. See EFTA02426335, EFTA02426351, EFTA01826339, and EFTA00314248.
JPMorgan’s August 2023 supplemental interrogatory response later identified Matusow and Paul Morris as visitors that day and characterized the purpose as routine account servicing. The response called Matusow a former Managing Director in the Private Bank. The schedule therefore identifies Barrett, while the bank’s litigation response identifies Morris. Possible explanations include a late substitution, an incomplete schedule, or an error in one record. The available documents do not establish which explanation is correct.
The visit proves direct, in person professional contact at Epstein’s residence. It does not by itself show awareness of, or participation in, criminal conduct.
The 2015 Frontier Bonds Email
On November 16, 2015, Paul Barrett sent Brad Wechsler a recommendation for $1 million to $2 million of Frontier Communications bonds in a margin account. The email copied Matusow, a Barrett team address, Justin Nelson, and Epstein. It described a 65 percent lending value and a projected 21 percent leveraged yield. See EFTA02479829. Epstein later forwarded the message to Richard Kahn, creating a second released copy in EFTA02480395.
The date is notable because JPMorgan has said it terminated Epstein as a client in 2013. The email shows that a JPMorgan employee still included Epstein on a securities recommendation in 2015 and copied Matusow. It does not show that the recommendation concerned Epstein’s own account, that Matusow authored or acted on it, or that he remained Epstein’s assigned investment specialist. The named addressee was Wechsler. The record raises a legitimate question about continuing contacts after termination, but it does not answer that question by itself.
Chronology
| Date | Event | Significance |
|---|---|---|
| March 2002 | Matusow begins registration with J.P. Morgan Securities Inc. | Establishes his formal securities role at JPMorgan |
| June and July 2006 | JPMorgan audit history briefly assigns Epstein’s banker field to Matusow twice | Earliest located formal link between Matusow and the Epstein relationship |
| June 30, 2008 | Epstein pleads guilty in Florida to solicitation of prostitution and procuring a person under 18 for prostitution | Public criminal milestone that preceded the later documented coverage |
| July 22, 2009 | Epstein is released from county custody; Matusow sends the “buddy” email to Mary Casey | Shows contemporaneous awareness of the criminal history and continued account attention |
| March 9, 2010 | Casey tells Staley that Barrett and Matusow co cover Epstein on the investment desk | Defines the formal team structure and growth objective |
| March through September 2010 | Repeated trade, market, and call communications | Demonstrates active investment servicing after conviction |
| April 8, 2010 | Matusow visits Epstein’s Manhattan residence | Direct in person contact; companion attendee differs across records |
| August 13, 2010 | Matusow says Barrett will watch Epstein’s account during his vacation | Confirms continuing account responsibility |
| December 17, 2010 | Barrett names Matusow as a backup contact | Confirms mutual coverage |
| February 2, 2011 | Matusow is copied on Digital Growth Fund conference call reminder to Epstein | Shows continued investment desk involvement |
| 2013 | JPMorgan says it terminated Epstein as a client | Benchmark for evaluating later contact |
| November 16, 2015 | Matusow and Epstein are copied on Barrett’s Frontier bonds recommendation to Brad Wechsler | Documents post termination contact within a JPMorgan securities email |
| February 2020 | Matusow’s J.P. Morgan Securities registration ends | Final date in the public FINRA registration history |
| 2023 | JPMorgan settles survivor and United States Virgin Islands litigation | Institutional resolution without an individual judgment against Matusow |
| August 4, 2026 | Senate Finance Committee Democratic staff releases report | Publicly highlights Matusow and calls for further investigation |
Direct EFTA Appearance Index
The released corpus contains originals, duplicate productions, litigation exhibits, account statements, and contact databases. A mention count can therefore greatly exceed the number of distinct events. The index below groups the principal located documents by function instead of treating every copy as independent corroboration.
| Category | Principal EFTA records | What they contain |
|---|---|---|
| Account assignment and due diligence | EFTA02811623, EFTA01480930, EFTA01482084 | Banker history and due diligence context |
| Post release message | EFTA02816180 | July 2009 “buddy” email and attached news story |
| Coverage structure | EFTA02817809, EFTA02817624 | Casey’s description of Barrett and Matusow as co coverage, plus a later court copy |
| Account statements and client documents | EFTA01584540, EFTA01584993, EFTA01551719, EFTA01551732, EFTA01551756, EFTA01551793, EFTA01555892, EFTA01555918, EFTA01556010, EFTA01559130, EFTA01559184, EFTA01559238, EFTA01559268, EFTA01559297, EFTA01574768 | Repeated listing of Matusow as investment specialist on Epstein related accounts |
| Meeting and calendar records | EFTA02426335, EFTA02426351, EFTA01826339, EFTA00314248, EFTA02426720, EFTA02426731 | Planning and calendar entries for the April 2010 visit |
| Telephone messages | EFTA00761717, EFTA02427801, EFTA02425420, EFTA02425047, EFTA02425013, EFTA02409478, EFTA02408225, EFTA02408397, EFTA02421908, EFTA02422558, EFTA02421967, EFTA02420432 | Calls and requests for return calls during 2010 |
| Direct investment communications | EFTA02427013, EFTA02427395, EFTA02427351, EFTA00760057, EFTA00748320, EFTA00760376, EFTA00733450, EFTA00733803, EFTA00759782, EFTA00758919, EFTA02414861, EFTA00735053, EFTA00749321, EFTA00758506, EFTA00737262, EFTA00737266, EFTA01986243, EFTA00755932, EFTA00732017 | Trade ideas, execution, profits, losses, risk, and market updates |
| Backup coverage and fund communications | EFTA00734730, EFTA01787385, EFTA00648926, EFTA02024854, EFTA01157152 | Vacation coverage, alternate contacts, and a fund conference call |
| Contact databases | EFTA00728783, EFTA00309068, EFTA01063837 | Matusow contact information in Epstein related address records |
| 2015 copied bond email | EFTA02479829, EFTA02480395 | Frontier Communications bond recommendation sent to Wechsler and copied to Matusow and Epstein |
Search results also return many monthly statement copies in the EFTA015 series and reproduced versions in later court exhibits. Those documents are relevant to frequency and account structure, but they should not be described as separate personal interactions.
Litigation, Congressional Scrutiny, and Legal Status
Matusow’s name entered the public litigation record through discovery in the survivor class action and the United States Virgin Islands case against JPMorgan. Exhibits included his emails, account records, schedules, and the bank’s identification of employee visits to Epstein residences.
JPMorgan agreed in 2023 to pay $290 million to resolve the survivor class action and $75 million to resolve the Virgin Islands action. The bank did not admit liability in the Virgin Islands settlement. These were institutional settlements. They were not judgments against Matusow and did not impose individual liability on him.
The Senate Finance Committee Democratic staff’s August 2026 report, “How Wall Street Banks Enabled Jeffrey Epstein’s Sex Trafficking,” placed Matusow among bankers whose roles warranted scrutiny. It highlighted the 2009 “buddy” email, identified the need for more investigation, and said that, apart from former executive Jes Staley, the named JPMorgan personnel were not known to have suffered financial consequences or regulatory discipline related to the bank’s Epstein failures.
That staff report is an investigative and policy document. It is not a criminal indictment, civil judgment, or regulatory adjudication. Its conclusions about JPMorgan’s institutional failures should not be converted into an unsupported claim that every named employee knowingly facilitated trafficking.
As of the article’s September 2026 review date, no located public source showed that Matusow had been charged with a crime, sued individually by a survivor in the central JPMorgan cases, found civilly liable, or sanctioned by a regulator for conduct connected to Epstein. FINRA BrokerCheck reports no disclosure events. Absence of a public action is not proof that every decision was appropriate; it defines the current legal record.
What the Evidence Establishes
The records establish that Matusow knew Epstein was the subject of a sex crimes story by July 2009. They establish that he remained involved in Epstein’s JPMorgan relationship afterward. They establish frequent, substantive investment work and a direct residence visit. They establish that the bank hoped the relationship would grow and assigned several professionals to it. They also establish that Matusow was copied with Epstein on at least one JPMorgan investment email in 2015.
These facts make Matusow relevant to questions about how ordinary private banking practice continued around a client whose conviction and sex offender status were known.
What the Evidence Does Not Establish
The located records do not establish that Matusow participated in Epstein’s sexual abuse or trafficking. They do not establish that he knew the full extent of Epstein’s crimes. They do not show him structuring cash withdrawals, paying victims, directing trafficking related transfers, or suppressing a suspicious activity report.
The “buddy” email does not explain what assistance Matusow sought from Mary Casey. The April 2010 records do not fully resolve whether Barrett or Morris accompanied him. The 2015 Frontier bonds email does not prove that Matusow was still assigned to Epstein or that the recommendation was for Epstein’s account.
No public survivor statement located for this article accuses Matusow individually of abuse, recruitment, or trafficking. Responsible coverage must preserve that distinction.
Why Matusow Matters
Matusow matters because the Epstein banking story was implemented through routine professional acts: account assignment, investment proposals, calls, portfolio monitoring, meetings, and team coverage. His records show how a relationship could remain commercially active after a highly public criminal case.
He is also important because his documents connect several layers of JPMorgan’s organization. Mary Casey described the coverage arrangement to Jes Staley. Paul Morris served as banker. Paul Barrett shared investment coverage. Thomas McGraw and other specialists appeared in trade communications. Account statements formalized Matusow’s role. This network helps researchers move beyond a narrative centered on one senior executive and examine the operating system that sustained the client relationship.
Finally, the contrast between the extensive paper trail and the absence of known individual discipline is central to later congressional scrutiny. That contrast is a question of institutional accountability, not proof of personal criminal guilt.
Unresolved Questions
- What did Matusow mean when he asked Mary Casey to be his “buddy” on Epstein’s account after Epstein’s release?
- Did Matusow participate in any internal compliance, reputational risk, or suspicious activity review concerning Epstein?
- What information about Epstein’s 2006 arrest, 2008 plea, sentence, work release, probation, and sex offender status was included in Matusow’s client files or briefings?
- Did Matusow or Casey advocate any change in monitoring, oversight, or reporting, as the Senate staff report said should be investigated?
- Who actually attended the April 8, 2010 townhouse meeting with Matusow: Barrett, Morris, or both?
- Which legal entities and accounts did Matusow directly cover, and how much revenue did that work generate for him or his unit?
- What was the purpose of the 2015 email that copied Epstein after JPMorgan says it had terminated him as a client?
- Did Matusow have later contact with Epstein through J.P. Morgan Securities, referrals, former clients, or other professional channels?
- When did Matusow leave JPMorgan employment, as distinct from ending his securities registration in February 2020?
- What is the nature of his reported role at Cove Advisors LLC, and is that entity engaged in regulated investment activity?
Sources
- EFTA02816180, Matusow email to Mary Casey, July 22, 2009
- EFTA02817809, Mary Casey email describing the 2010 coverage team
- EFTA02811623, JPMorgan due diligence report and banker history
- EFTA01480930, later due diligence record and banker history
- EFTA02426335, April 2010 meeting email and schedule
- JPMorgan supplemental interrogatory response identifying residence visits
- FINRA BrokerCheck report for Jeffrey M. Matusow, CRD 4226591
- Senate Finance Committee Democratic staff report, August 4, 2026
- EFTA02479829, November 2015 Frontier bonds email
- DOJ Epstein Library