Thursday, July 17, 2025

Dirty Banks

• In June 2023, JPMorgan agreed to pay $290 million to Epstein’s victims in a class-action lawsuit that alleged JPMorgan “knowingly benefited from participating in a sex-trafficking venture” and obstructed enforcement of anti-trafficking laws.

• In September 2023, the bank settled for $75 million with the US Virgin Islands to resolve claims it enabled Epstein’s sex crimes, with the majority of funds designated for local charities and victim support.

• JPMorgan also reached a confidential legal settlement with Jes Staley, its former executive alleged to have been complicit in maintaining Epstein as a client.

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