New York
Act Daily News
—
The U.S. Virgin Islands authorities filed a lawsuit Tuesday in opposition to JPMorgan Chase, alleging that the Wall Street financial institution benefited financially from Jeffrey Epstein’s intercourse trafficking operation and failed in its responsibility to report suspicious monetary exercise.
“Over greater than a decade, JPMorgan
(JPM) clearly knew it was not complying with federal laws in regard to Epstein-related accounts as evidenced by its too-little too-late efforts after Epstein was arrested on federal intercourse trafficking fees and shortly after his dying, when JPMorgan
(JPM) belatedly complied with federal legislation,” states the grievance filed by US Virgin Islands Attorney General Denise George.
“Human trafficking was the principal business of the accounts Epstein maintained at JPMorgan,” the lawsuit states.
The lawsuit claims that JPMorgan Chase didn’t make correct regulatory filings that would have tipped off the federal government to Epstein’s alleged sex-trafficking ring of underage women by way of personal islands he owned within the U.S. Virgin Islands. In specific, the federal government argues that JPMorgan Chase ought to have given Epstein nearer scrutiny as a shopper after he entered a responsible plea to soliciting prostitution with a minor in Florida in 2008.
A JPMorgan Chase spokesperson instructed Act Daily News the corporate had no touch upon the lawsuit Wednesday night.
The lawsuit comes a month after two nameless girls who accuse the late Jeffrey Epstein of sexual abuse filed civil lawsuits in opposition to JPMorgan and Deutsche Bank, claiming the large banks enabled and benefited financially from Epstein’s alleged intercourse trafficking operation.
The girls accuse JPMorgan of getting “provided special treatment to the sex-trafficking venture, thereby ensuring its continued operation and sexual abuse and sex-trafficking of young women and girls.”
“Without the financial institution’s participation, Epstein’s sex trafficking scheme could not have existed,” the lawsuit states.
The new lawsuit additionally comes lower than a month after Attorney General George settled the U.S. Virgin Islands’ lawsuit in opposition to Epstein’s property for greater than $105 million {dollars}, together with an settlement that the property will promote Epstein’s islands within the territory and finish business operations there.
Epstein was discovered lifeless in his jail cell in 2019. A medical expert dominated his dying a suicide.
When he died, Epstein was awaiting trial on federal fees accusing him of working a intercourse trafficking ring from 2002 to 2005 at his Manhattan mansion and his Palm Beach property, and allegedly paying women as younger as 14 for intercourse.