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JPMorgan Chase Agree to Pay US Virgin Islands $75 Million in Jeffrey Epstein Suit

JPMorgan was charged with “enabling” Jeffrey Epstein’s activities.

Jeffrey Epstein

Jeffrey Epstein Mug Shot

JPMorgan Chase has settled yet another lawsuit brought in which the firm was accused of enabling the late rapist and pedophile Jeffrey Epstein in his activities through “money laundering” in that its services were used by Epstein to spend money connected to his molestation of underage girls. JP Morgan has reached an agreement with the US Virgin Islands government in its suit, agreeing to pay a $75 million settlement.

The U.S. Virgin Islands brought the suit in which it alleged that JPMorgan had more than $1 billion worth of “human trafficking” transactions with Epstein over a 16 year period leading up to his death by suicide in 2019.

As part of the deal, JPMorgan Chase will donate $30 million to organizations that fight against human tracking, and another $25.5 million to “enhance” law enforcement infrastructure related to it. The remaining $19.5 million will be used to reimburse the USVI for its legal fees.

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In a statement, JP Morgan explained its decision to reach a settlement in the case without acknowledging any blame saying, “JPMorgan Chase believes this settlement is in the best interest of all parties, particularly those who can benefit from efforts to combat human trafficking and for survivors who suffer unimaginable abuse at the hands of these criminals.”

This deal comes several months after, in June of this year, JPMorgan Chase settled another lawsuit brought over its relationship with Jeffrey Epstein for $290 million. A woman identified only as Jane Doe number One brought the suit alleging that JPMorgan Chase was culpable for Jeffrey Epstein’s rape and trafficking of underage women because it enabled him to do so by handling his finances for years, specifically from Jan. 1, 1998, through Aug. 19, 2013.

“We all now understand that Epstein’s behavior was monstrous, and we believe this settlement is in the best interest of all parties, especially the survivors, who suffered unimaginable abuse at the hands of this man,” JPMorgan Chase said in a statement at the time.



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