“Epstein’s entire business with JPMorgan and JPMorgan’s entire business with Jeffrey Epstein was human trafficking,” a lawyer for the U.S. Virgin Islands said.
Neil Rasmus / PatrickMcMullan.com/Sipa Press via AP fileJPMorgan Chase allegedly informed the government of over $1 billion dollars in transactions related to “human trafficking” by the late financier Jeffrey Epstein dating back to 2003, a lawyer for the U.S. Virgin Islands said.
“Epstein’s entire business with JPMorgan and JPMorgan’s entire business with Jeffrey Epstein was human trafficking,” Liu said. “The only reason that JPMorgan finally after 16 years reported the billion dollars in suspicious transactions for Jeffrey Epstein is because he was arrested, and then he was dead.”
The allegation drew attention in oral arguments on whether the judge should issue a summary judgment against the bank before the case goes to trial, which is set to begin in October. The territory is asking the judge to find the bank liable for enabling Epstein’s sex trafficking enterprise while he was a JPMorgan Chase client from 1998 to 2013. The lawyer for the bank also requested the damages to be determined at trial.
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