JPMorgan 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…
JPMorgan 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” ignoring red flags related to Epstein’s accounts at the investment bank.
“As part of the settlement, JPMorgan has agreed to implement and maintain meaningful anti-trafficking measures, which will help prevent human trafficking in the future,” USVI Attorney General Smith said in a press release.
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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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JPMorgan settles Epstein lawsuit with US Virgin Islands for $75 mlnJPMorgan Chase reached settlements with the U.S. Virgin Islands (USVI) and former executive Jes Staley to resolve lawsuits over sex trafficking by the disgraced financier Jeffrey Epstein, largely resolving a scandal that has weighed on the largest U.S. bank for months.
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JPMorgan settles claims that it enabled Jeffrey Epstein's sex trafficking acts for $75 millionJPMorgan 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.
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JPMorgan Paying $75 Million to Settle Suit Over Jeffrey Epstein TiesThe deal ends a legal battle that had exposed the disgraced financier’s close ties to the bank and the island territory.
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