JPMorgan Chase has reached a settlement with the victims of Jeffrey Epstein, who accused the bank of enabling his sex trafficking operation. This announcement comes after Epstein’s arrest in 2019 on federal charges related to underage girls. He was found dead in jail shortly after, and his death was ruled a suicide.
The lawsuit, filed in Manhattan federal court, aimed to hold JPMorgan financially accountable for Epstein’s abuse of teenage girls and young women. The bank provided Epstein with loans and allowed him to withdraw large sums of cash for years, despite being aware of his involvement in sex trafficking.
JPMorgan Chase has expressed regret for its association with Epstein, stating that they would not have continued doing business with him if they had known about his crimes. The settlement with one of the victims, referred to as Jane Doe, coincides with the granting of class-action status to her lawsuit, indicating that future awards may be granted to other victims as well.
The CEO of JPMorgan Chase, Jamie Dimon, testified in a deposition for the case, denying any knowledge of Epstein’s crimes until his arrest in 2019. Both lawsuits were filed following the enactment of a temporary law in New York that allows adult victims of sexual abuse to sue for past abuse.
The terms of the settlement have not been disclosed, and there are still pending lawsuits between JPMorgan Chase and the U.S. Virgin Islands, as well as a separate lawsuit against former executive Jes Staley. The bank has denied the allegations and accused Staley of hiding Epstein’s crimes. Staley left JPMorgan in 2013 and later became the CEO of Barclays, but stepped down from that role in 2021 due to his association with Epstein.
It is important to note that the content has been revised for clarity, improved tone and SEO optimization.
Denial of responsibility! VigourTimes is an automatic aggregator of Global media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, and all materials to their authors. For any complaint, please reach us at – [email protected]. We will take necessary action within 24 hours.
