Jeffrey Epstein attends Launch of RADAR MAGAZINE at Hotel QT on May 18, 2005.
Patrick McMullan | Getty Images
JPMorgan Chase handled over $1.1 million in payments from Jeffrey Epstein to “girls or women” after the bank claims to have terminated him as a client, according to Linda Singer, an attorney for the U.S. Virgin Islands, who presented the information to Manhattan federal Judge Jed Rakoff.
Singer mentioned that many of these individuals had Eastern European surnames and revealed that more than $320,000 of the payments were made to individuals previously unknown to JPMorgan.
In a lawsuit between the Virgin Islands and JPMorgan, Singer accused the bank of withholding the information until after the discovery period.
Singer requested Rakoff to impose monetary sanctions on JPMorgan for its failure to disclose the payments when required and to demand the bank to provide all financial records related to recently disclosed individuals connected to Epstein.
The Virgin Islands alleges that JPMorgan facilitated and profited from Epstein’s sex trafficking of young women during their client relationship. Epstein, who had a private island in the territory, abused numerous women and kept millions of dollars with JPMorgan.
Although JPMorgan claims to have cut ties with Epstein in 2013, Singer’s letter challenges this statement, and the bank denies any wrongdoing. JPMorgan spokeswoman Patricia Wexler responded stating, “There is no proof this is accurate.”
Singer revealed that documents recently provided by JPMorgan contained information previously requested by the Virgin Islands. This data was compiled internally by the bank in October 2019, months after Epstein’s arrest and eventual death.
“There is no legitimate reason for JPMorgan failing to identify payments to girls or women the bank itself identified as being related to Epstein — and potential evidence of Epstein’s sex trafficking venture — years before receiving the USVI’s discovery requests,” Singer wrote.
The letter stated that a JPMorgan spreadsheet documenting over 9,000 transactions totaling over $2.4 billion was discovered. Many of these transactions were for accounts and payments that the Virgin Islands was unaware of.
The letter claims that JPMorgan argued the information was not disclosed earlier because it was not part of their production or directly connected to individuals identified by the Virgin Islands. However, Singer emphasized that the discovery requests were not limited to specific individuals tied to Epstein.
Singer urged Rakoff to order JPMorgan to share all documents and information related to their 2019 review of their dealings with Epstein and provide any financial records concerning newly disclosed individuals.
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