Posted on 06/12/2023 11:14:19 AM PDT by SeekAndFind
JPMorgan Chase has agreed to settle with victims of Jeffrey Epstein over claims the bank overlooked the deceased financier's sex trafficking and abuse because it wanted to profit from a banking relationship with him.
The lawsuit, filed in November by an unnamed victim of Epstein's on behalf of herself and other victims, claimed that Epstein would have been unable to engage in his sex-trafficking operation without the support of JPMorgan.
The settlement amount wasn't disclosed in the statement, which was issued jointly by JPMorgan and an attorney representing Epstein's victims. But a source familiar with the matter said JPMorgan will pay $290 million to settle the suit.
Litigation remains pending in a separate case filed in the U.S. Virgin Islands against JPMorgan Chase, which also alleges that the bank ignored evidence of human trafficking to profit from its business with Epstein.
According to the lawsuit, JPMorgan loaned money to Epstein and regularly allowed him to withdraw large sums of cash from 1998 through August 2013, even though it knew about his sex-trafficking practices. The settlement comes after JPMorgan CEO Jamie Dimon testified that he never heard of Epstein and his crimes until the financier was arrested in 2019, according to a transcript of the videotaped deposition released last month.
"Any association with him was a mistake and we regret it," it said. "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."
It added, "[W]e believe this settlement is in the best interest of all parties, especially the survivors, who suffered unimaginable abuse at the hands of this man."
(Excerpt) Read more at msn.com ...
Another bank also had the same problem.
JPMorgan’s settlement comes less than a month after Deutsche Bank agreed to pay $75 million to settle a lawsuit claiming that the German bank “knowingly benefited” from Epstein’s sex trafficking, profiting from doing business with him.
How many more financial institutions are there?
And where is the list of Johns that raped minors on Epstein’s island?
Victims, victims everywhere ... but not a well connected perp walk in sight.
Yet no victims
BTW....last I checked, it is still a felony under federal law to travel abroad for the purpose of having sex with minors, even if it is legal in the country in which it takes place.
How can you have victims and no criminals?
RE: Yet no victims
Actually no perps. NOT ONE has been convicted.
Now who works at jpm that would be worth shelling out that kind of money to protect? Hmmmmmmmm………
Jeffery and Ghislane sure were exclusively busy?
Yea, something's funny here
It’s not like I’m a fan of “Hitler’s Other Banker” (Prescott Bush being the first) and they generally are an awful bank.
But what did they do wrong?
Other than hold money of a bad guy?
We can find some granny who walked across the capitol lawn on January 6 2021 but we still can’t find ANY of Epstein’s clients or who planted the pipe bombs January 5th...
Certainly JP Morgan, or the deep-state, do not want any more exposure on US Government and Banking elites’ interactions with Epstein
But on the other hand, after Epstein reached a plea-deal with the US Governmment in 2008, his case and the records were sealed from public view by local DOJ prosecutor - Alexander Acosta, who became Trump’s Labor Secretary. Clearly a DOJ/deep-state attempt to bury the story.
I’m not specifically defending them, but what exactly is JP Morgan supposed to have known about Epstein, except rumors?
“Any association with him was a mistake and we regret it,” it said. “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.”
Oh, BS! Not ONE of the muckity-mucks in Upper Management of JP Morgan visited the island? Not even to transport bags-o-cash?
Yep. Sure. Whatever.
No money is enough for what those young GIRLS had to put up with. *SPIT*
Tucked away safely in the vaults of the Mossa’d to ensure future ‘fair’ dealings for Israel...
So the banks pay out $400m to “victims” of whom, exactly? They have the lists, videos, tapes, everything needed to get slam dunk convictions. Yet every single one of the perps is not only free, but remains anonymous.
Do not ever help a fed or answer any question. They are predators and pedophiles.
Another bank also had the same problem.
JPMorgan’s settlement comes less than a month after Deutsche Bank agreed to pay $75 million to settle a lawsuit claiming that the German bank “knowingly benefited” from Epstein’s sex trafficking, profiting from doing business with him.
How many more financial institutions are there?
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pretty quick settlement for a bank that has all the money in the world to pay up for illegal activity of one of its clients?
maybe even faster than murdock/faux settling up with dominion
Bkmk
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