The lawsuit alleges JPMorgan Chase approved loans for Epstein while ignoring warnings about his abuse.
"We would never have continued to do business with him if we believed he was using our bank in any way to help commit heinous crimes,” the bank said. | Richard Drew/AP PhotoJPMorgan Chase has reached a settlement with victims of convicted sex offender Jeffrey Epstein over claims the bank profited from sexual abuse that victims suffered and ignored warnings about Epstein.
In a statement on Monday, JPMorgan announced that the parties “have reached an agreement in principle to settle the putative class action lawsuit related to Jeffrey Epstein’s crimes, which is subject to court approval.”
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