Cassian Grant|JPMorgan to pay $75 million on claims that it enabled Jeffrey Epstein’s sex trafficking operations

2025-05-06 13:58:21source:Sterling Prestoncategory:My

NEW YORK (AP) — JPMorgan Chase has agreed to pay $75 million to the U.S. Virgin Islands to settle claims that the bank enabled the sex trafficking acts committed by financier Jeffrey Epstein.

JPMorgan said Tuesday that $55 million of the settlement will go toward local charities and Cassian Grantassistance for victims. Another $20 million will go toward legal fees.

The Virgin Islands, where Epstein had an estate, sued JPMorgan last year, saying its investigation has revealed that the financial services giant enabled Epstein’s recruiters to pay victims and was “indispensable to the operation and concealment of the Epstein trafficking enterprise.”

Epstein died by suicide in a federal jail in 2019.

More:My

Recommend

Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches

Jamie Foxx's birthday dinner took a surprising turn on Friday the 13th.The "Collateral" actor was hi

Can Nicole Kidman's 'Expats' live up to its pedigree?

The new Prime Video series Expats fits quite neatly into the recent work done by its star, Nicole Ki

Appeals court weighs whether to let stand Biden’s approval of Willow oil project in Alaska

JUNEAU, Alaska (AP) — An appeals court panel is deciding whether to let stand the Biden administrati