Jeffrey Epstein Mug Shot
JPMorgan Chase has reached a tentative settlement with victims of the late rapist and pedophile Jeffrey Epstein for $290 million. While this settles one of two lawsuits brought against the firm over its ties with Epstein, JPMorgan reportedly does not intend to settle the second suit brought against it by the U.S. Virgin Islands.
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.
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“Any association with him was a mistake and we regret it. We would never have continued to do business with him if we believed he was using our bank in any way to help commit heinous crimes.”
David Boies, attorney for the plaintiffs, told NPR, “It is, I think, an object lesson of how much farther we need to go, as a society, to really implement the rule of law — not just for the rich and powerful, but for the weak and the vulnerable.”
“This is a situation in which virtually every institution that is supposed to look out for the weak and the vulnerable failed them,” added Boies. “The prosecutors failed them. The court system failed them. The legal system failed them. And the media failed them.”
As for a similar lawsuit brought against JPMorgan Chase by the U.S. Virgin Islands, Fox News reported that the firm is not planning to settle. The suit in question alleges that the bank profited from Jeffrey Epstein’s crimes by handling his finances and charges that JPMorgan should have known the Epstein was engaging in money laundering.
According to the Fox news report, JPMorgan Chase officials themselves are charging that the government of the U.S. Virgin Islands was the one that enabled Jeffrey Epstein over the years because that is where he committed many of his rapes at his estate there dubbed “pedophile island.”
JPMorgan Chase even said so in a court filing that charged, “He (Epstein) gave them money, advice, influence, and favors. In exchange, they shielded and even rewarded him.”
The U.S. Virgin Islands responded to the settlement in the other Jeffrey Epstein suit saying, “We are gratified to hear about the settlement that will provide victims of Jeffrey Epstein some compensation for JPMorgan Chase’s role in facilitating Epstein’s crimes against them. The U.S. Virgin Islands will continue to proceed with its enforcement action to ensure full accountability for JP Morgan’s violations of law and prevent the bank from assisting and profiting from human trafficking in the future. The U.S Virgin Islands is committed to protecting women and girls who could otherwise become victims going forward.”
