JPMorgan Will Pay Virgin Islands $75 Million Settlement Over Jeffrey Epstein Lawsuit

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JPMorgan Will Pay Virgin Islands $75 Million Settlement Over Jeffrey Epstein Lawsuit
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The lawsuit had alleged the bank was “complicit” in Jeffrey Epstein’s crimes and had obstructed law enforcement investigating him.

that lawsuit in June. In March, JPMorgan Chase turned around and sued its own executive Staley, pinning the blame on him and arguing to the court that if it is found responsible for any damages in its lawsuit “it is entitled to recover the entire amount of any damages from Staley.” Epstein was a client at JPMorgan Chase from 1998 until 2013 when he switched to Deutsche Bank, where he banked until 2018, shortly before he died in prison in 2019 awaiting trial for sex trafficking charges.

during court proceedings in which he argued the bank was trying to use him as a “public relations shield” and unsuccessfully tried to get the lawsuit dismissed.$365 million. That’s how much money in total JPMorgan Chase has agreed to pay to various entities in settlements related to its relationship with Epstein.

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