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

2024-12-24 13:27:43 source: category:Invest

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 assistance 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:Invest

Recommend

LSU student arrested over threats to governor who wanted a tiger at college football games

BATON ROUGE, La. (AP) — An LSU student has been arrested after prosecutors say he made an online thr

Changing Patterns of Ocean Salt Levels Give Scientists Clues to Extreme Weather on Land

New mapping of salt concentrations in the world’s oceans confirms what physics and climate models ha

What is affirmative action? History behind race-based college admissions practices the Supreme Court overruled

The United States Supreme Court on Thursday ruled that affirmative action programs at Harvard Colleg