The bank has also reached an agreement to settle claims against former JPMorgan executive Jes Staley, who later left the bank to become CEO of Barclay’s before resigning from his position in 2021.
The JPMorgan Chase & Co. logo is displayed at their headquarters in New York on Oct. 21, 2013. | Seth Wenig/AP PhotoJPMorgan Chase will pay $75 million to settle claims brought by the U.S. Virgin Islands relating to the bank’s dealings with deceased financier and sex criminal Jeffrey Epstein.
“While the settlement does not involve admissions of liability, the firm deeply regrets any association with this man, and would never have continued doing business with him if it believed he was using the bank in any way to commit his heinous crimes,” JPMorgan said in a press release announcing the deal.
The settlement includes $30 million to support charitable organizations in the U.S. Virgin Islands, $25 million to support law enforcement efforts to combat human trafficking in the territory as well as $20 million in attorneys’ fees.
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JPMorgan to pay $75M to settle Jeffrey Epstein lawsuits with US Virgin IslandsJPMorgan Chase agreed on Tuesday to pay the US Virgin Islands $75 million to settle a lawsuit alleging the Wall Street behemoth enabled Jeffrey Epstein’s sex trafficking ring by “knowingly” i…
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JPMorgan Will Pay Virgin Islands $75 Million Settlement Over Jeffrey Epstein LawsuitThe lawsuit had alleged the bank was “complicit” in Jeffrey Epstein’s crimes and had obstructed law enforcement investigating him.
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JPMorgan Chase settles with Virgin Islands for $75 million over enabling Jeffrey Epstein traffickingThe bank also reached an confidential legal settlement with James “Jes” Staley, the former top executive who managed the Epstein account.
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JPMorgan Chase settles Jeffrey Epstein sex trafficking suit by U.S. Virgin Islands for $75 millionJeffrey 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.
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JPMorgan Chase to settle Jeffrey Epstein sex trafficking suit by U.S. Virgin Islands for $75 millionJeffrey 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.
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