Just weeks before a trial was set to begin, the bank opted for a payout that’s significantly less than what the territory originally demanded.
. “While the settlement does not involve admissions of liability, the firm deeply regrets any association with this man, and would never have continued doing business with him if it believed he was using the bank in any way to commit his heinous crimes.
. “Our Department of Justice tirelessly pursued this enforcement action to make it substantially harder for traffickers to finance their crimes in the future, and we are confident this settlement will help achieve that goal.”Given the bank’s past accusations as to how the Virgin Islands enabled Epstein’s crimes, it’s...interesting that
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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.
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JPMorgan Chase settles Epstein lawsuit for $75 millionJPMorgan Chase has reached a $75 million settlement agreement in a lawsuit brought by the United States Virgin Islands alleging the financial institution enabled the late Jeffrey Epstein's crimes.
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JP Morgan to pay $75 million to settle lawsuit over ties with Jeffrey EpsteinThe bank said the majority of the settlement — $55 million — will go towards local charities and victim assistance; the rest goes to legal fees.
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JPMorgan Chase settles with Virgin Islands for $75 million over enabling Jeffrey Epstein traffickingThe bank also reached an confidential legal settlement with James “Jes” Staley, the former top executive who managed the Epstein account.
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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.
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