JPMorgan to pay $75 million to settle Epstein sex trafficking lawsuit
JPMorgan Chase has agreed to pay $75 million to settle a lawsuit filed by the U.S. Virgin Islands alleging
– that the bank facilitated Jeffrey Epstein's sex trafficking operation.
– The settlement comes just four weeks before a scheduled trial date and marks a significant step in resolving the long-standing scandal.
JPMorgan did not admit wrongdoing but had previously agreed to pay $290 million
pay $290 million to resolve separate claims by Epstein's accusers.
– The U.S. Virgin Islands Attorney General hailed the settlement as a "historic victory for survivors."
The settlement requires JPMorgan to make payments to support charitable organizations
– combat human trafficking, and to the territory's legal representation.
The U.S. Virgin Islands lawsuit alleged that JPMorgan Chase ignored warning signs about Epstein's activities
– and continued to do business with him even after he was convicted of sex crimes.