JPMorgan Settles Jeffrey Epstein Case For $75 Million, Avoiding Trial

JPMorgan Chase has agreed to pay the US Virgin Islands (USVI) a scant $75 million to settle a lawsuit alleging that the bank knowingly aided Jeffrey Epstein's underage sex-trafficking operation, ending a legal battle that exposed all sorts of embarrassing ties between the bank and the dead pedophile.

The settlement was reached one month before the sides were scheduled to go to trial in Manhattan, where the USVI sought $190 million from the bank.

JPMorgan admitted no wrongdoing in the settlement.

Earlier this month we learned that JPMorgan flagged over $1 billion in suspicious transactions linked to Epstein, which they claimed to have reported to the US government, according to a filing by the USVI.

"JPMorgan was a full-service bank for Jeffrey Epstein’s sex trafficking," said Mimi Liu, an attorney for the USVI, which said that the enormous sum bolsters key allegations in their legal action against the bank. According to the lawsuit, JPMorgan knowingly benefited from Epstein's wrongdoing, Bloomberg reports, noting that this is the first time in the case that the 'sheer volume of Epstein's financial activity at JPMorgan over a 16-year period has been disclosed.'