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 it will pay $25 million 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.
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