The US Virgin Islands Attorney General is accusing JP Morgan Chase of being involved in the sex-trafficking of children.
The bank turned a blind eye for more than a decade because of the deals and clients that Epstein brought and promised to bring to the bank.
He was awaiting trial on sex-trafficking charges at the time of his death. He left a $630 million fortune and a compensation fund for more than 200 people. Bill Gates, Donald Trump, Prince Andrew, and Leslie Wexner are just a few of the powerful people who have been affected by his arrest.
The US Virgin islands settled a lawsuit brought in 2020 with the estate of the man. Half of the proceeds from the sale of Little St. James were required to be paid by the estate.
According to the new lawsuit, JP Morgan knew about the human trafficking network and concealed it from the public.
The lawsuit says that JP Morgan provided and pulled the levers through which recruiters and victims were paid.
The "cutting edge consulting services" were not performed by one of the accounts with JP Morgan. The lawsuit claims that it was a conduit for payment to foreign women.
According to the lawsuit, the bank and its employees were involved in the sex-trafficking of young women.
The bank concealed its conduct by not complying with red flag laws. The section about how JP Morgan turned a blind eye to Epstein's conduct is heavily redacted.
According to the lawsuit, JP Morgan ignored numerous red flags and failed to comply with federal banking regulations until years later.
A person for JP Morgan wouldn't speak.
A former chief executive of JP Morgan's asset management division had an "inappropriate relationship" with Epstein and was involved in the decision to keep him as a client.
The details of that official were blacked out. Between 2008 and 2012 there were over 1,200 emails exchanged between the two. As he disagreed with how the regulators characterized his relationship with him, he stepped down from his position as CEO ofBarclays.
In addition to the US Virgin Islands, an anonymous "Jane Doe" filed lawsuits against JP Morgan andDeutsche Bank, accusing the financial institutions of benefiting from prostitution.
Ghislaine Maxwell was found guilty of pimping and sexually abusing the girls she worked with.
At her criminal trial in New York, a JP Morgan official presented documents that showed that she received at least $30.7 million from Epstein.
One of the jets that prosecutors said was used to traffic women for sex was owned by a company, according to a witness.
The US Virgin Islands Attorney General identified the company as a JP Morgan account.
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