JPMorgan Chase has agreed to pay $75 million to the U.S. Virgin Islands to settle claims that the bank enabled the sex trafficking acts of financier Jeffrey Epstein.
JPMorgan said Tuesday that $55 million of the settlement will go toward local charities and assistance for victims. Another $20 million will go toward legal fees.
The Virgin Islands, where Epstein had an estate, sued JPMorgan last year, saying its investigation has revealed that the financial services giant enabled Epstein’s recruiters to pay victims and was “indispensable to the operation and concealment of the Epstein trafficking enterprise.”The Associated Press is an independent global news organization dedicated to factual reporting.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
JPMorgan Chase to settle Jeffrey Epstein sex trafficking suit by U.S. Virgin Islands for $75 millionJeffrey Epstein was a long-time customer of JPMorgan Chase, the huge U.S. bank which previously agreed to pay his victims $290 million to settle a similar suit.
Read more »
JPMorgan Paying $75 Million to Settle Suit Over Jeffrey Epstein TiesThe deal ends a legal battle that had exposed the disgraced financier’s close ties to the bank and the island territory.
Read more »
JPMorgan settles Epstein lawsuit with US Virgin Islands for $75 mlnJPMorgan Chase reached settlements with the U.S. Virgin Islands (USVI) and former executive Jes Staley to resolve lawsuits over sex trafficking by the disgraced financier Jeffrey Epstein, largely resolving a scandal that has weighed on the largest U.S. bank for months.
Read more »
Column: Jeffrey Epstein reaches from the grave to expose how JPMorgan profited from his sex traffickingJPMorgan Chase made millions by keeping Jeffrey Epstein as a banking client. Now it faces a reckoning in federal court.
Read more »
JPMorgan Chase’s stock drops after WSJ report of $75 million payment to settle suit over ties to Jeffrey EpsteinShares of JPMorgan Chase & Co. dropped 0.5% in morning trading Tuesday, after The Wall Street Journal reported that the bank agreed to pay $75 million to the...
Read more »