JPMorgan Reaches Settlement With Jeffrey Epstein Victims

JPMorgan announced Monday it reached a $290 million settlement with victims of Jeffrey Epstein in a class action lawsuit.

The financial institution hasn’t released details of the settlement but reports indicate up to 100 individuals could receive payments from the suit.

Litigations against JPMorgan have continued for several months as the bank faced accusations that it kept Epstein as a client despite his sex crimes.

“Settlement is in the best interests of all parties, especially the survivors who were the victims of Epstein’s terrible abuse,” a joint statement from the financial institution and attorneys for the victims reportedly said.

JPMorgan appeared desperate to make this lawsuit disappear.

Why else would they settle for nearly $300 million?

How many crimes will never be exposed?

Who else will get away from facing justice?

JUST IN: JPMorgan, who denies they had any knowledge of Jeffrey Epstein’s corruption in their 15 years of working with him, has reached a $300 million settlement with Epstein’s victims.

Why would they settle if they are innocent as they claim? https://t.co/XUSGNBwTud

— Proud Elephant 🇺🇸🦅 (@ProudElephantUS) June 12, 2023

JPMorgan Chase settled a lawsuit filed by Jeffrey Epstein victims today for $290 million and there could be up to 100 victims who receive compensation. This happened today after former JPMorgan Executive, Jes Staley, spent the weekend sitting through depositions for this case and… pic.twitter.com/sn0Rn7RtU8

— LIZ CROKIN (@LizCrokin) June 12, 2023

BREAKING: JP Morgan Chase is prepared to pay $290 million to resolve claims by victims of Jeffrey Epstein, according to CNBC

But the bank knew nothing about what Epstein was doing, right? 🤔 pic.twitter.com/lUaIfk86Kx

— Genevieve Roch-Decter, CFA (@GRDecter) June 12, 2023

Daily Mail reports:

David Boies, an attorney acting on behalf of Epstein victims, said: ‘The historic recoveries from the banks who provided financial services to Jeffrey Epstein, speak for themselves.

‘It has taken a long time, too long, but today is a great day for Jeffrey Epstein survivors, and a great day for justice.’

Sigrid McCawley, another of the victims’ lawyers, said: ‘The settlements that have been reached are both life-changing and historic for the survivors.

‘Money, which for far too long flowed with impunity between Jeffrey Epstein’s global sex trafficking enterprise and Wall Street’s leading banks, is decisively being used for good.

‘The settlements signal that financial institutions have an important role to play in spotting and shutting down sex trafficking’.

Brad Edwards, an attorney representing the Jane Doe who launched the case, said: ‘The information and support the US Virgin Islands and its legal team provided to the survivors was enormously valuable, and we recognize the importance of the government’s continued litigation against JPMorgan Chase to prevent future crimes.’

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“Any association with him was a mistake and we regret it. 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,” JPMorgan said in a statement.

JPMorgan CEO Jamie Dimon denied any knowledge of Jeffrey Epstein’s accounts at the bank.

Fox Business noted:

The agreement comes weeks after JPMorgan CEO Jamie Dimon sat for a deposition with lawyers for the victims. The lawsuit alleged the bank had repeatedly ignored warnings that Epstein has involved in the sex trafficking of young women and girls.

Dimon testified that he played no part in handling Epstein’s accounts with the bank.

“Our CEO reaffirmed after his deposition that, as he has previously said, that he never met with him, never emailed him, does not recall ever discussing his accounts internally, and was not involved in any decisions about his account,” JP Morgan said in a statement at the time. “There are millions and millions of emails and other documents that have been produced in this case and not one comes close to even suggesting that he had any role in decisions about Epstein’s accounts.

Lawyers for Epstein’s victims filed a request to interview Dimon a second time last week. They claimed that the bank had dragged its feet in producing further documents that would have changed their initial questioning of Dimon.

In a letter to Judge Jed Rakoff, an attorney for the Epstein victim wrote that JPMorgan’s “untimely” and “inexplicably slow” delivery of documents was a strategic move.

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“By way of background, in May this Court admonished JPMC for producing documents at an inexplicably slow rate,” the lawyer, Sigrid McCawley, wrote Friday.