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 committed by financier Jeffrey Epstein.
FILE - This March 28, 2017, photo provided by the New York State Sex Offender Registry shows Jeffrey Epstein. 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, Sept. 26, 2023 that $55 million of the settlement will go toward local charities and assistance for victims. – JPMorgan Chase agreed Tuesday to pay $75 million to the U.S.
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."
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