U.S. Territories

TexasTowelie

(116,413 posts) Sat Dec 31, 2022, 04:11 AM Dec 2022

USVI Suing JPMorgan Chase, Accusing Bank of Facilitating Jeffery Epstein's Sex Trafficking Crimes

After receiving a huge settlement from the estate of Jeffery Epstein, the Virgin Islands is turning its sights on JP Morgan Chase, accusing the bank of facilitating the convicted sex offender’s abuse of women and girls.

USVI Attorney General Denise George alleges that the bank should have known about Epstein’s illegal activity, and as part of its anti-money laundering procedures, should have reported their client to authorities. Instead, George accuses the bank of turning a blind eye to the sex trafficking operations that went on on Epstein’s private island in the USVI, Little St. James.

According to the lawsuit, filed on Tuesday in the federal court in Manhattan New York, “JP Morgan knowingly, negligently and unlawfully provided and pulled the levers through which recruiters and victims were paid and was indispensable to the operation and concealment of the Epstein trafficking enterprise. Human trafficking was the principal business of the accounts Epstein maintained at JPMorgan.”

JP Morgan has not yet commented on the lawsuit, however reports from a source to the Guardian newspaper are that the disgraced financier’s relationship with the bank ended “long before his ongoing misconduct became known."

Read more: https://viconsortium.com/vi-government/virgin-islands-usvi-suing-jpmorgan-chase-accusing-bank-of-facilitating-jeffery-epsteins-sex-trafficking-crimes

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USVI Suing JPMorgan Chase, Accusing Bank of Facilitating Jeffery Epstein's Sex Trafficking Crimes (Original Post) TexasTowelie Dec 2022 OP

This wasn't on my bingo card Tetrachloride Dec 2022 #1

JP Morgan is a global bank which profits from dirty money. They have been fined $billions. Irish_Dem Dec 2022 #2

Except Epstein died before he could be convicted of sex trafficking Hugh_Lebowski Dec 2022 #3

Tetrachloride

(8,408 posts)

1. This wasn't on my bingo card

Reply to TexasTowelie (Original post)

Sat Dec 31, 2022, 04:13 AM

Dec 2022

Irish_Dem

(55,825 posts)

2. JP Morgan is a global bank which profits from dirty money. They have been fined $billions.

Reply to TexasTowelie (Original post)

Sat Dec 31, 2022, 05:49 AM

Dec 2022

The records show that five global banks — JPMorgan, HSBC, Standard Chartered Bank, Deutsche Bank and Bank of New York Mellon — kept profiting from powerful and dangerous players even after U.S. authorities fined these financial institutions for earlier failures to stem flows of dirty money.

https://www.icij.org/investigations/fincen-files/global-banks-defy-u-s-crackdowns-by-serving-oligarchs-criminals-and-terrorists/

https://www.bankinfosecurity.com/chase-a-6356

Hugh_Lebowski

(33,643 posts)

3. Except Epstein died before he could be convicted of sex trafficking

Reply to TexasTowelie (Original post)

Sat Dec 31, 2022, 09:41 AM

Dec 2022

The conviction in Florida, on paper, was for like unlawful solicitation of a single minor iirc, for which he was sentenced to like 2 years or something.

Banks aren't legally obligated to stop doing business with someone for something like that.

I've also never seen serious accusations that his trafficking was a 'business' that was charging people money that would've been flowing in/out of their bank.

And you might say, well, Maxwell was convicted of trafficking ... but that was for trafficking a minor she'd recruited ... to Epstein himself. While he was paying her salary.

If VI can prove their case and they win, I'll be happy about it, to be clear. I'm only bringing this up because I doubt they will, JP have a lot of angles from which to defend themselves, and they no doubt will have top-notch lawyers to fight it.

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