Nothing shouts “complicity” quite like paying $290 million to make the issues disappear. However, according to the Wall Street Journal, fortunately ““The U.S. Virgin Islands will continue to proceed with its enforcement action to ensure full accountability for JPMorgan’s violations of law,” said a spokeswoman for the U.S. Virgin Islands attorney general.”
In one of the biggest settlements within the banking industry relating to sexploitation, JPMorgan Chase has agreed to pay the victims of Jeffrey Epstein $290 million in damages in order to settle a class action lawsuit against the bank. Epstein used JPMorgan and Deutsche Bank as the financial mechanisms to pay for the sex trafficking operation he ran. There are other civil and legal cases still ongoing, but JPMorgan hopes to extricate themselves from the collateral damage of Epstein’s horrific exploits.
Wall Street Journal – JPMorgan Chase JPM -0.25%decrease; red down pointing triangle agreed to pay $290 million to settle a lawsuit over its ties to Jeffrey Epstein, said lawyers for Epstein accusers, shortly after top executives were questioned about the bank’s years of dealings with the convicted sex offender.
The lawsuit on behalf of women who accused Epstein of abuse helped expose details about the bank’s relationship with Epstein for years after his conviction, forced Chief Executive Jamie Dimon to answer questions under oath, and led the bank to turn around and sue a former top leader, Jes Staley.
Dimon said in his deposition last month that he had never discussed Epstein or his accounts. Staley was deposed over the weekend.
The lawsuit was brought by an unnamed accuser who claimed the bank ignored red flags about Epstein until 2013 because he was bringing wealthy clients to the bank. JPMorgan has denied any wrongdoing. The bank still faces a related lawsuit from the government of the U.S. Virgin Islands, where Epstein had a residence.
[…] “The parties believe this settlement is in the best interests of all parties, especially the survivors who were the victims of Epstein’s terrible abuse,” JPMorgan and lawyers for the women said in a press release.
[…] JPMorgan said that it was a mistake to have any association with Epstein and that it regrets its association with him. “We would never have continued to do business with him if we believed he was using our bank in any way to help commit heinous crimes,” a bank spokeswoman said.
Brad Edwards, a lawyer representing Epstein accusers, said, “A settlement of this size finally acknowledges the magnitude of the suffering of Epstein’s victims, the degree to which our system is broken, and the extent of Epstein’s influence to corrupt our system.”
[…] “The U.S. Virgin Islands will continue to proceed with its enforcement action to ensure full accountability for JPMorgan’s violations of law,” said a spokeswoman for the U.S. Virgin Islands attorney general.
The Doe plaintiff said she was sexually abused by Epstein from 2006 to 2013 and trafficked to his friends. She alleged that Epstein paid her and other victims with cash withdrawn from JPMorgan. She accused America’s biggest bank of profiting from Epstein’s activities and assisting in his alleged sex trafficking by enabling him to make payments to women for sex acts.
Epstein became a client of JPMorgan around 1998, and over the years the bank came to manage dozens of Epstein-related accounts containing hundreds of millions of dollars. Epstein turned to Deutsche Bank after JPMorgan closed his accounts in 2013. Both banks worked with Epstein for years after he was publicly accused of abusing girls and pleaded guilty in a Florida state court in 2008 to soliciting prostitution from a minor. (read more)
Does anyone really believe these banks didn’t know what the background of Epstein was all about?
they got away cheap
Kinda weird that with civil asset forfeiture laws a dope dealer who is laundering monies into a legitimate business and into his home gets everything seized, bank accounts, property and cash and jewelry hordes.. How can investigators determine which dollars out of the total sum of JPM’s worth on paper were gained illicitly? How many corrupt dollars earned interest for the bank?
This was a civil case, not criminal.
Seizure and audit does not apply.
Settlement to keep from further discovery (civil investigation) and exposure from going to trial.
Thank you for curing my ignorance BK! I keep forgetting that settlements are not an admission of wrongdoing and that the bar for civil judgement is much lower than in criminal court.
All good.
That’s actually not totally true.
Civil forfeiture is codified in 18 U.S.C. §§ 981, 983, 984, and 985, as well as in 21 U.S.C. § 881.
In many states and DC, under Title 18, a person does not have to be convicted of a crime. Civil forfeiture is allowed where a person is accused of a crime, but never formally charged, never tried, never convicted. Some states have eliminated civil forfeiture but many have not.
Law enforcement can sieze property from a person or a business when they believe it was used in connection with a crime, sell the asset, keep the proceeds, and never charge a criminal offense.
They got off easy. If the DOJ was not totally corrupt, and of course if”they” weren’t all in on the Epstein scam, they could have used civil forfeiture to go after the bank for billions.
They got off for peanuts.
Civil asset forfeiture is a governmental action!!!!
“Law enforcement can seize….” but not private individuals, unless an UNPAID judgment allows for a seizure to auction.
This was a civil case between private parties!
Even eBay can seize your property and your only recourse is small claims or wait two years to file a claim for the property. Any private company that handles money and is required to report transactions over $600 has an obligation to the government to seize funds when there is a question about the source of funds or legality of the transaction. Law enforcement can also seize private assets without a court order. Wakey wakey time people…
And this is turning into quite a scam against legitimate businesses.
A person I know runs a legitimate online business which he just purchased in the last year. The business uses a company to handle payment transactions. In the early months of owning the business, he had to spend many hours on the phone with the entity handling the transactions trying to get his funds unfrozen. Every month for the first several months, they would freeze his account claiming fraud. They claimed the freezing was automated, and had no way to stop it.
Calling the company doing this took many days because although they might agree his account should not be frozen, nobody appeared to know how to unfreeze his account, or prevent it from happening the next month.
After several months of this nonsense, he finally got the contact information for the VP of the company, and would call her to get action. It still took hours to get his account unfrozen, but it was better than it taking days.
Much of this can be laid at the feet of leftists like Lieawatha Warren, but it happened enough that it makes one wonder if that was the entity business model for as long as they could get away with it.
Imagine getting a no-interest loan every month for several thousand dollars where you didn’t have to make good on the loan for a few weeks.
Apples vs Oranges
Ebay and others (similar) can ‘hold’ proceeds processed in their system until adjudicated, not ‘seized.’ There are legal differences in the wording.
They cannot seize your bank accounts, house, cars, etc without a civil judgment that goes unpaid and then has to use a sheriff / Marshall to seize property to auction, and then only if judgment is unpaid.
Law enforcement can only ‘legally’ seize without a court order if it is alleged to be highly suspected or known to be related to criminal activity and then usually with a Civil Asset forfeiture proceeding to be carried out by the local state’s attorney afterwards.
See my comment above yours. Question: Is there a time limit in which funds can be held, and after that time limit, formal legal action must be taken?
In the case of my comment above, funds were routinely frozen such that the company owner was risking not being able to pay his employees.
Unsure. Sorry.
correct…and there is case law about this too.
in a weird twist, which is arguably very hard to digest, one of the results of the rulings over the maddoff scheme was that INVESTORS (hard to believe this) were subject to CLAWBACK claims…
If I remember correcltly almost 1 Billion Dollars in the judgement were ordered to be repaid back to victims. So for instance, if the the earrliest years of the ponzi scheme, you actually received any kind of profits, not only did you end up on the losing side by forfeiting those profits, but also the judgement rules that YOUR MONEY that was used to invest helped to support the ponzi scheme and part of that was also forfeited. I am not sure how I feel about this, but the judgement was arrived in the thinking that in order to make whole those who lost everything, some means of additional forfeiture from the entire group including principal investment was necessary. In a bizarre outcome some people were actually harmed MORE from the forfeiture settlements from the madoff case than were harmed from the maddof ponzi scheme (if me memory serves me correctly).. So you have this clawback that happens to dot the right thing, but it goes train off the rails and ends up screwing quite a few of the investors who had already been duped. I think the clawback realized only about 20 percent of the total ponzi scheme theft.
so imagine if for instance, just to give an example: you invested in some cyptocurrency..and you made money…And all you know is that this was a legitimate investment…you paid you taxes on the profits…and later, 14 years later the government serves you with a letter and states you MUST return all your profits and some of your principal investment? regardless that you had no idea and could have never predicted this crypto currency was a fraud (how could you…in the instance of maddoff,,,,all of wallstreet was fooled! (or was it?))…so now not only have your profits been erased from an investment you made long ago…but also some of your principal capitol your hard earned money is now gone. I would rage…and never stop raging. But that is exactly what happened to lots of people…and as far as I know the outcome of the settlements and the clawbacks only restored about half of those scammed out of all their money…of those half, only about 20 percent was received back …and only principal 20 percent.
(I am also reading a bit about how the government established a type of special master to determine payouts, propositional payouts to 9/11 victims because it was very concerned about the consequences of individual law suits and class actions suits that might implicate various federal officials and the president of the united states for failing to act on credible evidence of terror actors operating to murder thousands…that one is a real doozy too)
God Bless America
R
You are referring to a government initiated legal action. This one was between private parties – settlement.
you are correct…not a good comparison.
All good.
But think of it this way…jpchase was involved in a fraudulent illegal scheme…the settlement now impact unsuspecting investors who had deposits with jpmorgan…what this settlement does is places a tax on ALL individual investors…jpchase executives and personnel who clearly would have been aware of these financial schemes are not paying this settlement…they keep their bonuses, three vacation homes and luxury cars and jewels.
so I think the comparison now that I resolve it..which yes, different in law…the effects are similar.
jpmorgan chase settles to avoid embarassing and potentially criminal liability discovered in a trial. investors unwitting to this fraud are penalized..
maddoff ponzi scheme…convicted of a felony…special master claws back profits and revenue to the unsuspecting innocent early investors.
same same….different legal system…same result.
no one has ever accused the legal system to be a fair system…on paper its looks swell..in practice…hold on to your wallet…
Correct a worse.
See comment by Evergreen down thread. Hits the nail right on the head.
Shareholder lawsuit could bring down the whole stinking elite money laundering JPM.
Wouldn’t that be nice?
Well aren’t the unwitting investors part of the furtherance of a criminal conspiracy by having their monies lumped into the kitty with sh!tbag? I’d be pissed. This might lead to a whole new boycott.
“We not only financed Epstein’s operations, we’re a customer too!”
🤣🤣🤣
Catholic dioceses across the United States to date have paid north of 3 billion in settlements.
This case is may see something similar as more victims come out of the shadows.
In fact, if Epstein was an agent of the CIA, the government knowing of his activities- they/we may be on the hook too.
“The bank” is an entity. Entities don’t consort with human traffickers, PEOPLE do. PEOPLE need to go to jail.
Convenient for the pedos.
Actually, there IS legal precedent for criminal prosecution of a Corporation; it HAS happened and the CEO, and officers DID go to prison, for homicide,…IIRC “Negligent homicide”.
They ran a company which recieved and examined the tissue from biopsies.
They violated the industry standards, requiring employees to do so many “tests” per hour, that errors were virtually guaranteed, all to improve the bottom line.
A women had a breast biopsy, was told it was “benign” and then died from breast cancer.
The investigations findings were so stark, the State Prosecutor filed murder charges, AGAINST A COMPANY, and obtained convictions, establishing a precedent.
was not RICO supposed to enable to asset seizure in these situtation?
If you had a government prosecutor pursuing a “criminal” RICO case.
the charters of banks and corporations convicted of felony criminal offenses used to be revoked, putting them completely out of business
you might be interested in the caterpillar LLC case that bill barr represented…it’s quite an interesting tale. the same case where he ended up receiving 30 million bucks upon his retirement from lead defense counsel (he effectively stalled the case), and then as AG, dismissed the entire case.
that one is worth looking at.
God Bless America
I may have gotten some minor details out of order…it would appear that it was rosenstein who wrote the letter to dismiss the case…barr would be sworn into office just days before that decision.
more than just sketchy when you look at the entire details.
I apologize for getting some of the minor details wrong. But this definitely fits a repeated pattern …a pattern so durable you can set the atomic clock to sync…that bill barr and his ilk are up to their eye balls in corruption.
God Bless America
As we have witnessed now for years, Maxwell is in prison for trafficking under aged girls to no one.
How much ya want to bet Maxwell be either be released or dead before Nov 2024?
the prosecutor narrowly constructed the trafficking charge as a matter isolated soley to the dead man epstein.
the women were subject victims of the crime were never a part of this prosecution.
this is what the jpmorgan chase ruling…now a settlement is about…I think the lawyers simply could not convince a single prosecutors to take a risk with their own lives to actually go after and force a reveal about the identity of the network of child sex trade johns and their cutouts.
we know the federal prosecutors can lay charges on a ham sandwich so clearly, it’s not a matter of having a lack of corruption…but of a lack of actually taking a risk to uncover a very large dark syndicate….a pattern you find with the DOJ…it’s marker DNA!
God Bless America
Nice timing. Can’t wait until the Hunter & Biden family human trafficking story breaks. Or, that of the Clintons.
What about Bagpipes Bill Barr’s daddy ?
Daddy? The son seems worse. Robert Mueller’s best bud; one very dirty bird, him.
Birds of a feather …
It’s tempting to celebrate this happening to big banks and people associated with Epstein, but it does seem like this leads to still more denial of services to people we don’t like without any due process a la Canadian Truckers.
That is an alarming trend that this accelerates.
What?
He makes a valid point if you take the situation as presented in the WSJ article.
“ She alleged that Epstein paid her and other victims with cash withdrawn from JPMorgan. She accused America’s biggest bank of profiting from Epstein’s activities and assisting in his alleged sex trafficking by enabling him to make payments to women for sex acts.”
Sounds like they are being sued JUST because they withdrew cash to pay the victims. In that light, it is a fair point.
HOWEVER, that explanation smells like obvious BS.
Much more likely there is something else far more nefarious to the story regarding Chase’s involvement with Epstein, and Chase is paying hundred of millions so we don’t find out what that “something else” is.
The Canadian Trucker due process argument is related to government action.
This is a civil case between private parties.
Apples vs Oranges.
The due process (civil and followed) for this particular case was:
Claim
Response
Reply
Summary to proceed
Discovery (depositions)
Negotiated settlement
If someone wants to be upset about ‘denial of services,’ blame the bank’s management. They were not forced (threat of government sanctioned actions or violence) to settle. Think of the settlement as risk (more risk) aversion to even worse in a judgement at trial or to encourage prosecutors to consider criminal charges (but they won’t because they’re corrupt).
Very true BK.
From what I have read about this JP Morgan continued to do business with Epstein even after he was “outed” as trafficking women.
The bank made huge profits and conitnued to do so.
Honestly does any one really want to do business with a company that has that kind of thinking?
Does any one want the people in charge of this financial institution to be the ones flourishing and providing services in your community?
Much more likely there is something else far more nefarious…
Exactly my thinking. JPM settled to try to avoid THE REST of the dirt coming out in public? That would actually be my bet.
.
I agree. How is this the responsibility — or business of — a financial institution where someone deposits money and writes checks, etc. I wrote a more complete comment below.
.
It has become clear that many wealthy people seem to have a sick desire to interact with young children, and they are prepared to pay for it also.
Just 1 of the many facets of these sick and twisted elitists.
The 3 branches of govt; pedophiles, corporations, and media.
Um………….I think most are pedo’s unfortunately.
I have to admit being curious as hell how so many people have such disgusting appetites.
Evil among us. We were warned but …….
My brain never fails to connect pedophilia with old European money (and new, following in footsteps) exactly as portrayed in movies like “Taken” and “The Whistleblower” with Rachel Weisz. Sadly all of that also connects with a former co-worker down the hall from me, several years ago, who vacationed in Europe and then months after his return was arrested, convicted and sentenced for his proven participation in international sex trafficking. As for the movie references, truth is all too often more tragic than fiction.
“Epstein became a client of JPMorgan around 1998, and over the years the bank came to manage dozens of Epstein-related accounts containing hundreds of millions of dollars.”
There’s your client list, those dozens of Epstein-related accounts!
Is there still any doubt regarding why Epstein had trouble staying alive in a jail cell? That skanky Maxwell is lucky to be alive herself. Kind of surprised there wasn’t some banking records from this deal which would have named clients of the pervert. Unlikely those “clients” paid the pervert in cash
Are we sure Epstein is not alive and well somewhere with a new identity? That seems far more likely to me.
Hard to believe Epstein would go so quietly into that dark night without a whimper. No kill switch from a man who had blackmail material on half of the world’s most powerful movers and shakers?
Leslie Wexner (The Limited and the women’s underwear co.) was a major donor to the Ohio Republican Party. Then he just plain quit when Donald Trump appeared on the scene. Jeffrey Epstein served as a Wexner “investor.” Millions of $!!
Wexner’s political point-man, John Kasich, served the Repubs as State Sen and then Governor of Ohio. He tried to run against Trump but failed. Wexner removed himself as a contributor to the party. Not sure where he is at this point — or Kasich.
And Jamie Dimon has floated the idea that he might run for president.
Oh the degenerate secrets he must know…and exactly whose secrets they are.
I feel as if I need a bath for just having written that.
Lord Have Mercy!
Epstein was a CIA/Deep State pawn used to gain leverage over powerful people. Do you really think that this guy was that much of a financial wizard? Is it any wonder he felt untouchable for so many years? My opinion and asking for personal edification and clarification in this regard.
May want to consider adding Mossad to that list.
Check out my post above. Dr Dre. I lived in OH and was active in Repub politics there in the 1990s.
I take a clean bath before I embark on research…I like to have a clean body and prepare myself…I usually end up praying for peace of mind during intermissions. it’s a good practice.
remember the witness testimony of the former FBI analyst who’s job was to attribute child porn to producers and sellors of it? yeah…I remember seeing his demeanor and the dark sunken eyes…You know how he must deal with every single day.
it is so very important to have a strong relationship with God when you look into the abyss. It also looks back.
God Bless America
regitiger, I’m sure you’ve seen the news that Mel Gibson, once pilloried and run out of Hollywood for his courageous statement about that horrid place and what was going on it and continues to go on, is working on a 4-part documentary about the satanic trafficking and abuse of children, many our littlest.
I have said elsewhere that I pray Almighty God protects Mr Gibson’s inner man as he goes forward with the project his original words presaged. He will need all the spiritual protection God in his grace can provide.
I know how undone I become seeing or reading about even one poor child. So the way you describe that man with dark, sunken eyes resonates with me on a terrible level.
Because once seen, never EVER forgotten. Ever.
Jim Caviziel has a movie coming out on July 4th entitled The Sound of Freedom. It is a true story about child trafficking.
I hope I’m not wrong, Lindy, but there is small hopeful part of me that believes (as with the Caviziel movie and Gibson documentaries and Lara Logan who is fearlessly doing her own research and investigation) that we are starting to see light through the dirty cracks of a decaying edifice…an edifice so repellent and, yes, satanic that one by one the boards will fall until their whole evil house collapses. I pray so anyway. Godspeed to the three intrepid people I’ve mentioned.
Does anyone really believe these banks didn’t know what the background of Epstein was all about?
Not just No, Hell No!
Like Cindy McCain said “Everybody knew what he was doing”!
I’m reminded of that WWII slogan .
“Loose lips sink ships.”
I hope McCain’s unguarded words help to bring the whole putrid house of horrors down around every head who believe themselves to be safe, anonymous, and immune from judgement on earth.
In the afterlife, they will all have a different Judge to answer to.
Then why didn’t she do anything about it ?
Wow. Just wow…on so many levels.
And not a single arrest, not a single identification, not a single picture of any of the perps.
Not one.
So, what was the $290m for?
Civil case. See upthread.
Within the Hunter laptop from hell, it quite clearly shows a bunch of $ paid out for “human trafficing” to a fine enough detail that the victims, pimps/panderers and complete money trail can be explored.
And the banks handling these transactions had NO IDEA?
“I am shocked,…SHOCKED I say, to find illegal gambling in this establishment!”
If you haven’t yet, watch a DVD movie called “The International” with Clive Owen.
It presents as fictional entertainment about the 3rd largest bank in the World, that was a “one stop shop” for Terrorists, traffickers (guns, drugs, human) intel agencies, etc. and offered not only money laundering, but “bent” end user certificates to enable “illegal arms trafficing” logistics, intel and even “executive action” assasinations to its diverse clientele, and was “protected” from investigation/prosecution by authorities in Govt. “at the highest level”.
I say see the DVD, because its ONLY when you watch the “special features” interview with the writer and director, that you learn its a TRUE STORY.
The bank owner tells the main charachter “even if you kill me, there are 1000 bankers, standing in line to take my place.”
The real bank WAS eventually “shut down” by John Kerry, and no one went to jail.
Ah, I figured you might catch that. See my post upthread regarding this.
A thought: SD touched on human trafficking recently (Sound of Freedom).
Do you think that perhaps CTH might be using this post (article) to begin prepping the Treeper audience for more and ‘worse’ revelations concerning this subject matter?
Talking about ‘red piling’ something so unbelievable that you have to do it slowly for mental and psychological health reasons?
Just sayin’
Curious if the bank was BCCI. Your comment reminds me of them.
https://en.wikipedia.org/wiki/Bank_of_Credit_and_Commerce_International
I read a book some years ago about BCCI and how they were used to transfer money from the US to Saddam to finance his war against Iran. I don’t recall how much they were used by other countries.
Old Man Cheney was involved in that if I recall correctly.
Reminds me of the Edmond J Safra saga of Republic Bank where he was eventually killed/burned alive in his home in Monaco? amidst a huge banking scandal.
These sort of payouts is one reason why there is a big push behind normalizing and legalizing pedophilia.
and still Zero names of the Client List…..and why hasn’t any of the victims ‘Named Names’??? Seems Odd….
Is there anyone in the higher echelons of government or finance that isn’t a total scumbag?
Rhetorical question, I know.
It’s a job requirement,you won’t get to a higher position unless you are corruptible and they have something on you.
How many Epstein clients banked through JP Morgan?
– money in, money out-
Come on man, Clients, we wanna know who committed the physical
( and psychological)
crimes against the girls!!!
Wouldn’t be surprised.. Also wouldn’t be surprised is Maxwell isn’t really in prison..
Some of the rest of the posts..
“You don’t give oxygen to a dead man,” said a retired paramedic. Does anyone else remember that photo…
The Jerusalem Post claims he is buried in an unmarked grave in Palm Beach. hmmmm?
“Barr was briefed from day one and was in on all the planning,” said the author of a new book, “He knows Epstein is alive.” Don’t doubt it..
Now that you’ve brought his name up, Barr does seem really pervy. Ick. I need to get out of this thread and pour another glass of wine.
I’m still waiting for the made for TV movie… Sean Astin would play a great version of a younger Bill Barr..
It runs deeper than that.. Don’t forget that Barr’s father hired Epstein as a teacher at Dalton School in NYC..
What is he eating? They used to tell me I looked like him when he was in “Toy Soldiers”..
I heard he was painting houses in San Jose.
“You don’t give oxygen to a dead man,” said a retired paramedic.
True
Nothing says guilty like a 9 figure settlement
Hundreds of lives destroyed and they are still operating. That is the most disgusting part.
Guilty. As charged.
Why aren’t the assets of big banks confiscated for crimes against children like drug dealers assets are ceased?? JPM is nothing more than child traffickers!! Will never bank with them!!
I don’t understand the basis for such a lawsuit. Epstein did his banking with JP Morgan and so they are somehow responsible for the crimes that he committed?
Tort law (civil) not criminal law. Negligence or vicarious liability – known or should have known; helped facilitate his continued operations after a government conviction.
Liability!
So a bank has a duty to know whether or not their customers are engaged in illegal conduct and to do what? Cut them of from banking? I still don’t understand how JP Morgan has legal liability for the actions of Epstein. He wasn’t working for him. He wasn’t involved in money laundering that JP Morgan was facilitating (at least as far as we know)
Suspicious transactions are to be reported and/or frozen in some cases.
A bank can cut you off for any reason. They do it all then time to little people.
He was a known convicted pedophile, known by the bank for such, and routinely transacted large amounts of monies from questionable sources and activities, very definition of money laundering.
And to boot, senior executives knew and/or participated. See post again – Staley.
That is the ‘known or should have known’ legal responsibility.
He does not have to be an employee.
In legal terms, if not for the actions of the bank to facilitate the illegal activity of their client, he may not have been able to continue his actions, or at least to the extent that he did.
In layman’s terms, they were conspirators and/or accessories after the fact.
In civil law, that is considered damages – vicarious liability (but for the actions of).
replace the bank with an associate…lets wall it walmart…
someone goes into walmart and is raped…the rapist is convicted…it takes place in walmart.
now even AFTER the conviction of the rapist…walmart still allow this person to do business with walmart..so the person isn’t just someone who happens to be in a walmart but has a business relationship with walmart…
the settlement that JPM agreed to was to prevent a trial that would reveal the true nature and scope of not just that relationship, but why it would continue to have that relationship after the rapist is convicted!
settlements HIDE liability…it’s a payoff to weld doors shut.
compare that to lets say President Trump would paid 150K to silence a porn whore who was making allegations against him. ? There was no claim that was established true. President Trump protected himself from salacious allegations he knew to be false.
but more to the point, the two cases are very different…epstein was convicted and sent to prison for his crimes…a criminal matter. The victims were never properly represented in those trials. The civil claims go after the ESTATE OF EPSTEIN, which is held by JPM.
see?
God Bless America
More to come.
What are the chances that JP Morgan has evidence, paperwork, knowledge, etc of connections between the Epstein enterprise and Intelligence agencies of e.g. the US government and/or Israel?
Perhaps JP Morgan wishes to forestall an unraveling that leads back to government involvement, no?
Is it” JP Morgan” or a handful of people inside JP Morgan?
With the deep pockets like JPM…why settle?
Why?
1 of 2 possible reasons.
1) The guilty are control officers in the corporation, and using the corporate balance sheet to settle out risk to them is within their power.
2) The control officers in the corporation believe they can avoid greater loss by avoiding clear guilt in a civil case and/or discovery which could lead to further litigation/prosecution.
For a corporation to use its resources to prevent a full discovery of alleged crimes such as slavery/trafficking is despicable.
Very nice. Had to use a similar/same explanation upthread to help others clarify.
…
That in and of itself is the harboring of criminals/criminal activity. Otherwise, with no criminal activity, the company would make clear to the world that it has no liability whatsoever.
When charged with capital crimes a corporation cannot ethically shield discovery, for a corporation CANNOT commit capital crimes. Therefore, shielding discovery ONLY protects PERSONS, and a corporation thus cannot ever be the beneficiary. For this reason, settling capital offenses should be, for all practical purposes from the shareholder standpoint, de facto illegal and certainly intolerable.
Totally agree.
Where ever Epstein is I’m sure this doesn’t bother him a bit make it all go away.
Probably sipping a mixed drink about now getting a lap dance as you read this.
One would have to be a fool to think Epstein didn’t have a kill switch with files and video to be released upon death. sinking everyone’s battle ship.
He was the king of blackmail after all. 👍
Hell truth be know the rich perverts involved pooled together this money.🤷🏼♂️
Some where some how..
Never fear, Biden and McConnell will work for another taxpayer bailout of their ‘good friend’ Jamie Dimon.
What’s the average attorney fee for a case like this, 30%? Ambulance-chasing attorneys are like pimps to me, making money of other peoples heartaches…
We still don’t get to know who The Turdle McConnell and the rest of Congress were screwing besides the tax payers.
Glad they had to pay and I hope more of these dirt-bag mega companies get snagged by the Trial Bar. This is one time that trial lawyers and their tactics don’t bother me. You don’t play tiddlywinks when you’re hunting vermin.
What I’d really like to know is how many swamp-rats, CEOs, and elected republicans and democrats were getting sexual favors from Epstein. My gut here is that Epstein wasn’t just influence-peddling for sport. He was working with folks trying to get people compromised.
Me thinks Epstein was working on behalf of our illustrious Deep-State, aka 4th Branch
This Epstein crap has widespread ramifications. Most will not come to light.
I guess this the reason they can’t/won’t pay me any interest on my savings accounts….bye bye bye Chase!
As of today, the market capitalization of JP Morgan Chase is . . . $412.28 billion, according to Bing’s AI chatbot. That means the bank is conceding about 7 percent of its market cap to settle the lawsuits. That ain’t chump change!
If you want to know why the perpetrators’ names still allude us, it’s because the victims waited for a massive payout their lawyers assured them was coming.
I’m not blaming the victims.
There were rumors dozens of young girls vanished over the years this thing operated. Guess they didn’t make it to the Great Payout. Now they’re The Disappeared forever.
And where was ONE irate American dad who banged on Epstein’s ornate door over the decades?
Is there anything in this country that isn’t sick to its very roots?
Some shareholder with means will have a bone to pick with this.
Here’s why/how:
1st degree homicide and slavery/trafficking are commonly (or, not uncommonly) capital crimes. People commit such crimes; ledgers do not. Therefore, there is a PERSON in the corporate control population who was ALLEGEDLY a party to said criminal activity as an aider/abettor.
The fact that the corporation just settled a $1/4-billion lawsuit is proof that there was fear of RISK in being credibly associated with capital/crimes against humanity (in the specific sense, not in the climate offender sense).
A corporation CANNOT ETHICALLY settle out a case which OBSCURES a capital/crime against humanity offense, for this is exactly using the corporate shield to protect an INDIVIDUAL from discovery.
By settling the case, the shareholder community must now understand that the corporation has admitted that there is credible evidence that corporate employees and/or governors engaged capital crimes in their corporate capacity. It is absolutely mandatory that the risks be openly investigated and publicly aired for the world to see. If there are guilty parties, identify them and carve them out for their duty to answer for their actions. The corporation should NOT shield such activity, regardless of the feared financial ramifications. The company proper is not a sentient thing that can have moral or immoral behavior. ONLY persons can be held to such a standard.
Therefore, if there are any shareholder with both spine and means, a lawsuit should ensue against the leadership who settled this case for abuse of the corporate entity in using it to PAY FOR protection of PERSONS.
Rephrased in a different sense: the company WILL suffer financial losses from this spinning out of control. The only way to minimize losses is for the company to divest itself from culpability by outing the responsible PERSONS.
That is a damn fine observation you made.
They not only protected someone but made themselves “accessories after the fact.”
If someone pursues this successfully, it could bring down JPM.
Yep.
The more you know..
So… now what about Deutsche Bank?
Nothing says “we are guilty as hell” like paying out $290 million.
This headline is probably thought to be by practically everyone the last major ripple in this story.
To the contrary.
The corporation has just assigned itself to a fate 10 times worse than they thought they just avoided.
These things take time, but unless every shareholder in the corporation is amoral, there will be at least one who will take a stand and bring this into the arena again for a final battle.
Prediction: the corporation capitulates, opens its books to criminal and civil litigators, fires numerous allegedly guilty parties, and eats subsequent settlements in the TENS OF BILLIONS.
Could bring them down and possibly the entire financial market.
Worse than AGI, Lehman, etc. & population would not stand for a bailout.
Unless things spiral out of control completely (unlikely), bankruptcy and collapse would seem excessive and unwarranted, again for the reasons explained prior: this is persons acting in protective capacities–they are the guilty parties either in the first case or the settlement (protection racket) case.
Instead, most likely is the divestment of culpable parties and only subsequent settlement liquidations–as penalty for those with conscience and equity standing by while crooks and self-dealers ran the show.
That would be good too. The some of those ‘departed’ may start singing like a ‘bird.’
“Nothing shouts “complicity” quite like paying $290 million to make the issues disappear.”
Nothing shouts massive cover-up like paying $290 million to the victims of….?
“The U.S. Virgin Islands will continue to proceed with its enforcement action to ensure full accountability for JPMorgan’s violations of law,”
Translation.
JP Morgan haven’t reached the FOM sweet spot yet, to pacify The Virgin Islands
If your able support your local community bank. Off topic, 81 million votes my ass and Epstein was murdered .
If banks can’t do business with criminals then they will collapse. Nice people have no money and don’t need giant loans.
Wonder if any investors, or shareholders, or State retirement/pension fund investors, in JP Morgan will sue for improper use of their hard earned dollars they invested into that company.
No doubt Defendants are stating that there is no admission of guilt. Riiiight..”
Unfortunately for Dimon the cost to cover up with the VI will be far more costly…but we know, big RICO orgs like JPM understand this well and this is just another bribe they have to fork over and they will pay up. Seems to be there should be a FED reg in this. Poor JD is gonna take a hit to his grifter’s bonus next year ROTFLMAO!!!!!!
They should all be locked up for child sex trafficking.
Hey Jamie, that is real reputational risk. They should claw back everything they ever paid you. But then you probably got Epstein to film the key votes on the compensation committee.
Oscuma has done the same thing as Epstein to all Supreme court justices, and politicians. They have all been blackmailed and bribed.
.
This might sound good on first glance, but… I’m not so sure that it’s the province of a financial institution to be digging into facts about and making decisions based on anything a person is doing in their private life.
A person may or MAY NOT be doing something illegal. BUT if someone is committing crimes, that’s why we have law enforcement.
This strikes me as letting the camel get his nose into the tent.
What a great excuse to get the unwitting conservatives who are horrified about the underage prostitution on board with financial institutions “protecting themselves” by hereafter demanding all kinds of information about others’ lives and businesses and whether they are duly politically correct, etc.
I’m also leery of the constant, deliberately (?) distracting, and somewhat misleading description of Epstein’s activities as “sex trafficking”. I’m not aware that he kidnapped women and children and held them against their will. What he was running appears to have been a blackmail operation. Underage or not, those girls kept coming back again of their own free will to be “trafficked” and were paid for doing so.
Caution is advised.
.
There is no black and white in economy. Ethics is all about judgment. Different corporations/governors will have different lines. Those who push the limits for profit and turn a blind eye to evidence will have to answer for it to the community. Don’t forget, all entities and people live among people, and people are notoriously fickle.
Corporations have made public decisions to NOT conduct business in certain trades–firearms being a popular one. Once made, those decisions mark a point of departure for being held to account for OTHER trades. Didn’t take government to make that happen; activists in the corporations did that. And, in so doing, they set their own bar.
It was definitely a blackmail operation!
Are you absolutely certain “those girls kept coming back again of their own free will?’
Just because you are not aware, doesn’t mean it didn’t happen.
Many of those ‘girls,’ some foreign, have claimed they were forced, threatened and terrified of trying to get away. Many different ones over many, many years.
Surely they’re not all lying.
.
To the extent I’ve seen accounts in lawsuits, yes, long after the fact some now-middle-age women have claimed that as “girls” they “they were forced, threatened and terrified”… and then they went home, said nothing, and came back for more another day.
.
Agreed. Consider this though:
If Epstein was indeed a government asset of some kind for some government and those girls knew it or highly suspected it by the rich and powerful celebrities they serviced; and saw that nothing ever happened to Epstein; and possibly witnessed or knew of murdered or missing people.
Now, put ‘yourself’ in ‘their shoes’ of being ‘nobodies’ with no connections, little to no education, etc. an no one to trust or feel safe around.
Would you be terrified from speaking, or would be brave enough to scream to the world?
Your world and my world are very far apart from what those girls experienced.
Think about that real deep and real hard.
.
I doubt they thought this deeply about it.
This was underage prostitution. The “trafficking” descriptor is sensational and purely technical when they did their underage prostitution via plane ride to another jurisdiction. You could convince me that a girl to whom this happened — once — might not want to speak out. But no one forced them to go back for seconds.
Juvenile delinquents also rob, loot, riot, vandalize, assault and murder. Let’s not get hung up too much on the fact that these teenage prostitutes were underage or that the subject matter was — eeek — sex.
.
I’m glad you were there to witness them volunteering repeatedly, never groomed, never coerced, never threatened, never saw anything more nefarious.
I guess all those accounts I read from or about those girls, including some that never met or knew each other, starting way back in the original case years ago were just a big conspiracy between them all to lie about Epstein and Maxwell.
Had to be!
.
These are middle-aged women — now — represented by lawyers in common who are seeking money.
.
Keep deflecting and blaming the victims.
See how that works out.
Yeah, kind of like all of those sex victims of the Catholic Church years after the fact when they were middle aged. They were all liars too, weren’t they? Why didn’t they come forward right away?
But better yet, JPM can and does hire the best lawyers money can buy, and apparently those lawyers concluded it was in their client’s best interest to pay up, meaning that the credibility of those victims was going to be hard to beat.
Maybe JPM should have hired you to impinge the credibility of those girls.
You sure do seem obsessively sure that teenage prostitution is all the girls’ fault.
Red flag for me.
Thank you for your virtue signaling black knight. There’s no way these prostitutes were ever in it for the money is there? Use your head bro.
.
I’m not talking broadly about “teenage prostitution”, or girls who are homeless, drug addicts, destitute runaways from abuse, etc..
I’m also not “impinging the credibility” of any “girls”. Please don’t attribute broadbrush opinions to me that I haven’t uttered.
These also were not formerly children or teens who for unrelated reasons had to spend time with adults in authority who over time abused them. The church, athletic coach etc. circumstances are not analogous.
We are talking about adult women who are suing for money founded on a technical claim (arbitrary age-of-minority laws), to wit: as former girls of an age that once upon a time were considered to be adults they went out of their way to go — again and again — where they did not have any other reason to be to but for liking the wads of cash they were getting for being “victimized” (in retrospect).
There are many reasons JPM may have settled — litigation costs, bad publicity, risk of other stuff that could come out in discovery.
.
Nice try outhouse. Why was the ghyslaine trial kept secret? Why was epstein allowed daytime privileges while serving his sentence? On July 4TH when the movie “sound of freedom” comes out about child trafficking watch it. It is ALL connected and is a worldwide problem, the Epstein victims are a small part of the whole picture in human trafficking, organ harvesting and slavery.
If you haven’t investigated any of this and are only being glib about this because you aren’t aware you might want to catch up a bit. The research is out there, stop being an enabler.
Why was everything secret? This is self evident for anyone to see: bc Epstein was IC. So was ghislaine and her dad maxwell.
According to what I read about Jamie Diamon, it was all about money….lots of money to be made and loopholes to keep from being taxed to hell and back. EVIL DAVOS men are getting richer every day while we, their customers, walk a thin line between bankruptcy and survival.
I had a sister-in-law back in the 80’s who got caught up in a prostitution ring. She was sent to Hawaii to service rich Asian men. She also worked the strip clubs after returning.
I helped her to finally emerge from that life but it was not easy.
She finally married, had a couple of kids and then disappeared never to be heard from again. It is suspected that her husband, who killed himself was the culprit in her disappearance. Who know. It is a murky underworld.
Yes. So sad.
These girls were groomed much like many young sex abuse victims are. Many were in love with Epstein, or thought they were. He was a handsome guy and a master manipulator. And he had plenty of help from international intel agencies.
.
Nnnn… when I think of “grooming” I think of a 4- or 6- or even 12-year-old who has reason to be in the company of and have regular interaction for some extended period of time with a pedophile.
Not 16- or 17-year-old teenage girls who, however shocked or upset they were at what transpired the first time they were in the fancy house with Epstein, also were apparently pretty thrilled with the piles of cash they left with, so much so that… well… heck, it was so awful they went back to do it again.
.
Exactly. This is intelligence agencies we are talking about people – remember they only work in deception. Whatever is being presented is probably mostly false.
Gross
You wouldn’t say anything because you know you’re not credible – you willingly took lots of money to be a prostitute. Who is gonna care? And then for them to act like the adult women were somehow groomed or victims – cmon man, st what age do they take responsibility for their actions? And how many girls were there in total? A few? A half dozen? All 15 or older? And let’s be candid here, these teens weren’t virgins with straight A’s either. They were troubled promiscuous girls before they met Epstein.
This reeks of some sort of psyop or ruse. It doesn’t make sense.
Dirty, old rich, uber rich men. That the gist of all things Epstein.
I have never seen a man who reaches the pinnacle of their jobs, wealth, or power who didn’t think that all women were available to them for the asking. It’s a man thing.
Epstein just took the bull by the horns and got filthy rich by catering to their needs and he used pimp level tactics to ensure the crib was full of young, beautiful women. THERE!
Agreed!. and Yeah when their innocence stolen, they hoped they could breathe another day, and NOT be KILLED while they were FORCED into this DEMONIC PUKE MESS. God Bless all the “lost” girls and boys!.
May God Bless all these little souls that are going through stuff we as adults can barely imagine!.
In Jesus Name, Please dear GOD in Heaven Above give these children and now adults very much Divine Love that concretely touches their very being from their flesh to their spirit and souls, so they may be healed !.
Praying that all our countries presidents and all elected officials, P.M. , Kings, Queens, Princes, Princesses, Individuals etc. that have the privilege to direct nations, may finally understand and see that they must stop this Horrid , INHUMAN attack against children and parents. !
Surely they’re not just saying that for the 290 million dollar payday
Lucky he got whacked before the Tranny situation could reach his hands. Confusion reins
Disagree. Sex trafficking was the first crime and subsequently the blackmail op. There wouldn’t be the latter crime without the former crime in his chosen line of work.
.
Maybe. Sex trafficking ordinarily implies or requires force, fraud, or coercion. It also implies money being made off of the prostitution — not a blackmail scheme where the intended actual victims would he the adult men (and some women).
While what occurred may be shoehorned into a technical crime of “sex trafficking” solely because the girls were underage, the emphasis is off, misrepresenting the purpose of the criminal enterprise.
.
The lawsuit on behalf of women who accused Epstein of abuse helped expose details about the bank’s relationship with Epstein for years after his conviction, forced Chief Executive Jamie Dimon to answer questions under oath….
JPM would have been aware of his conviction of sex trafficking.
Also, many were minors who were flown down to Epstein island. Quite an op. No one has named it kidnapping. More like a psy op. Reminds me of the Patti Hearst kidnapping and she joined the kidnappers to rob a bank.
.
Okay… so you agree that before opening a savings or checking account for someone at a bank, the bank is entitled to inquire into the person’s criminal history. What crimes? Could the bank also inquire into the person’s political affiliations, work history, family history, or social media opinings?
.
Bank secrecy laws, anti-money laundering laws, and know your customer rules requires them to have a good idea of where money came from. Bank employees are legally required to find out more, or not open the accounts, if source of funds isn’t legitimately apparent on the surface. Since JPM is a favored entity, nothing will happen. But federal charges should and could have easily been levied against JPM and employees involved.
Get a grip. You are embarrassing yourself.
Anyone with a brain realizes this isn’t about a few lost girls who cashed in on sex. And it isn’t about a few older women who cashed in on sex during their youth who are now seeing a payday.
Believing that this is about going to a Chase ATM machine to get cash to pay for prostitutes is so very willingly naive on your part. Clearly this angle is just the lamest of lame excuses they manufactured to hide whatever it is they are hiding.
Think about the implications to their shareholders that they are willing to acknowledge even this amount of guilt.
If you aren’t smart enough, we’ll then, you probably are the only person on the planet that think Epstein killed himself.
Whatever this is is SO BAD that they have NO CHOICE but to use this as their very lame excuse.
Stop. Just stop. Stop.
IC bro.
Don’t put words in my mouth, or misconstrue my comment. Re-read my comment.
First thing I thought too. They’ve completely overblown Epstein – he hired prostitutes, a few were underage by a 2-3 years. I’m not shocked in the least. People get tried as adults at 15 to 16 almost every time, but we infantilize them when they sell themselves for money?
It just doesn’t add up to the huge fiasco the media is making it to be. No girl was hurt, they were all paid handsomely and jetted around the world in first class accommodations. Let’s not forget – this was all willingly. Epstein would routinely pay for these girls schooling or education.
Think about it – is your bank supposed to follow up behind the scenes with all your cash transactions? But now they’re setting precedent for banks to snoop through your life to make sure you’re not doing anything illegal AFTER you take your money out? The politics in this country is out of control .
Go f yourself.
I agree. Tens of thousands of “ Escort Services” “ “ Entertainment Agencies” and other prostitute agencies the pimps clerks prostitutes other employees and landlords of the prostitution businesses are paid and have bank accounts. In some tourist destinations the escort agencies call themselves Tourist Agencies.
I really can’t see why they can’t have bank accounts.
Perhaps the feds will go after the gas, electric water and garbage companies that service escort agencies and prostitutes homes. Most water and garbage and many electric and gas are provided by local government agencies not private companies.