EAI Community -JPMorgan to pay $75 million on claims that it enabled Jeffrey Epstein’s sex trafficking operations

2025-05-03 21:46:57source:Liberalalliance Wealth Societycategory:Stocks

NEW YORK (AP) — JPMorgan Chase has agreed to pay $75 million to the U.S. Virgin Islands to settle claims that the bank enabled the sex trafficking acts committed by financier Jeffrey Epstein.

JPMorgan said Tuesday that $55 million of the settlement will go toward local charities and EAI Community assistance for victims. Another $20 million will go toward legal fees.

The Virgin Islands, where Epstein had an estate, sued JPMorgan last year, saying its investigation has revealed that the financial services giant enabled Epstein’s recruiters to pay victims and was “indispensable to the operation and concealment of the Epstein trafficking enterprise.”

Epstein died by suicide in a federal jail in 2019.

More:Stocks

Recommend

NYPD official indicates that Mangione's family did not send in any tips

New York police officials are speaking out about tips in regard to the Dec. 4 killing of UnitedHealt

Taylor Swift's fans track down her suite, waiting for glimpse of her before Super Bowl

Editor's note: For all the latest Super Bowl 2024 news, highlights, scores and analysis, follow our

Beyoncé Announces New Album Act II During Super Bowl

Polish your saddles, everyone. Because Beyoncé is entering her country phase. The Grammy winner anno