Jeffrey 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.
JPMorgan CEO Jamie Dimon and other top bank executives had been questioned by lawyers for the Virgin Islands as part of its suit against the firm.
Among those red flags was Epstein's 2008 guilty plea in Florida to a state charge of soliciting sex from an underage girl, a conviction that led to a 13-month jail stint. In a press release announcing the new agreement with the Virgin Islands, JPMorgan said it"believes this settlement is in the best interest of all parties, particularly for those who can benefit from efforts to combat human trafficking, and for survivors who suffer unimaginable abuse at the hands of these criminals."
JPMorgan said that under the deal a large portion of the money will got to the Virgin Islands"to enhance the infrastructure and capabilities of law enforcement to prevent and combat human trafficking and other crimes in their territories." Deutsche Bank had taken on Epstein as a customer after JPMorgan ended its relationship with him when Staley left the bank.
South Africa Latest News, South Africa 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 claims that it enabled Jeffrey Epstein's sex trafficking acts for $75 millionJPMorgan 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.
Read more »
JPMorgan to pay $75M to settle Jeffrey Epstein lawsuits with US Virgin IslandsJPMorgan Chase agreed on Tuesday to pay the US Virgin Islands $75 million to settle a lawsuit alleging the Wall Street behemoth enabled Jeffrey Epstein’s sex trafficking ring by “knowingly” i…
Read more »