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.

“This is no small thing, to restore a republic after it has fallen into corruption. I have studied history for years and I cannot recall it ever happening. It may be that our task is impossible. Yet, if we do not try then how will we know it can’t be done? And if we do not try, it most certainly won’t be done. The Founders’ Republic, and the larger war for western civilization, will be lost.”




