Deutsche Bank has received final approval from a US judge for a $75 million settlement with the victims of Jeffrey Epstein who accused the German company of facilitating his alleged sex trafficking. This news comes after preliminary approval was granted in June and the settlement was finalized during a court hearing in Manhattan. Judge Jed …
Britain’s banking regulator has taken action against James Staley, the former CEO of Barclay Bank, for his misleading statements about his association with Jeffrey Epstein. Staley has been banned from the country’s financial sector and fined $2.2 million. The decision comes after an investigation by the Financial Conduct Authority (FCA) revealed that Staley had provided …
Good morning, Quartz readers! Breaking News: 1. Hollywood writers strike ends today with a new deal from the Writers Guild of America and studios after a five-month walkout. 2. Discover what inspired Elon Musk’s design for Tesla’s Cybertruck. 3. The US Federal Trade Commission and 17 states file a landmark case against Amazon, alleging the …
In a momentous settlement, JPMorgan Chase will pay a hefty $75 million to finally close a dark and troubling chapter in its banking history. This payment resolves a lawsuit brought against the banking behemoth by the US Virgin Islands, which accused JPMorgan of wilfully ignoring the sex trafficking of young girls orchestrated by Jeffrey …
Jeffrey Epstein in Cambridge, MA in 1984. Rick Friedman | Corbis News | Getty Images JPMorgan Chase notified the Treasury Department of over $1 billion in transactions related to “human trafficking” by Jeffrey Epstein dating back 16 years after his suicide in 2019, according to a lawyer for the U.S. Virgin Islands speaking during a …
Jeffrey Epstein’s notorious New Mexico ranch, where he committed heinous acts of sexual abuse, has finally been sold after being on the market for over two years. The estate, known as ‘Zorro Ranch,’ was purchased by an undisclosed buyer, according to Daniel Weiner, an attorney representing Epstein’s estate. Although the details of the sale, including …
Kathryn Ruemmler, former White House Counsel, has found herself entangled in a shocking revelation of her connection to sex predator Jeffrey Epstein. According to a recent court filing, Epstein played a role in establishing a client relationship between Ruemmler and JPMorgan Chase in February 2019, just months before his arrest on federal child sex trafficking …
Newly disclosed emails have shed further light on JPMorgan’s close relationship with convicted sex offender Jeffrey Epstein, revealing that the bank went out of its way to accommodate him and secure lucrative clients, including Google and its co-founder Sergey Brin. The US Virgin Islands, which has filed a lawsuit against JPMorgan, presented these emails in …
The family of the woman who made allegations against billionaire investor Leon Black, claiming that he raped her inside Jeffrey Epstein’s Manhattan mansion when she was a teenager, has expressed doubt about her claims. In court papers filed by Black’s attorneys, it is stated that they believe the woman is lying not only about the …
Jamie Dimon, the CEO of JPMorgan Chase, recently discussed the impact of lawsuits on the bank’s brand equity. In an interview with CNBC, Dimon acknowledged that the lawsuits related to the bank’s former client, Jeffrey Epstein, have had a negative effect on their brand. He expressed regret for banking Epstein and stated that the bank …