ISRAEL AT WAR - DAY 142

search

JPMorgan to pay $75 million on claims that it enabled Jeffrey Epstein sex trafficking

Jeffrey Epstein, on March 28, 2017. (New York State Sex Offender Registry via AP, File)
Jeffrey Epstein, on March 28, 2017. (New York State Sex Offender Registry via AP, File)

JPMorgan Chase has agreed to pay $75 million to the US Virgin Islands to settle claims that the bank enabled the sex trafficking acts committed by financier Jeffrey Epstein.

JPMorgan says that $55 million of the settlement will go toward local charities and assistance for victims. Another $20 million will go toward legal fees.

The Virgin Islands, where Epstein had an estate, sued JPMorgan last year, saying its investigation had 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.”

Epstein died by suicide in a federal jail in 2019.

Never miss breaking news on Israel
Get notifications to stay updated
You're subscribed
image
Register for free
and continue reading
Registering also lets you comment on articles and helps us improve your experience. It takes just a few seconds.
Already registered? Enter your email to sign in.
Please use the following structure: example@domain.com
Or Continue with
By registering you agree to the terms and conditions. Once registered, you’ll receive our Daily Edition email for free.
Register to continue
Or Continue with
Log in to continue
Sign in or Register
Or Continue with
check your email
Check your email
We sent an email to you at .
It has a link that will sign you in.