Virgin Islands lawyer basic sues JPMorgan Chase over banking companies for Jeffrey Epstein – WSVN 7News | Miami Information, Climate, Sports activities


(CNN) – The federal government of the US Virgin Islands filed a lawsuit Tuesday in opposition to JPMorgan Chase, alleging that the Wall Road financial institution profited financially from Jeffrey Epstein’s intercourse trafficking operation and failed in its obligation to report suspicious monetary exercise.

“For greater than a decade, JPMorgan clearly knew it was not in compliance with federal rules relating to Epstein-related accounts, as evidenced by its too little too late efforts after Epstein was arrested on federal sex-trafficking expenses and shortly after his loss of life, when JPMorgan was late in complying with federal regulation,” states the grievance filed by Virgin Islands Legal professional Basic Denise George.

“Human trafficking was the first enterprise of the accounts Epstein maintained at JPMorgan,” the lawsuit states.

The lawsuit alleges that JPMorgan Chase did not make correct regulatory filings that might have alerted the federal government to Epstein’s alleged sex-trafficking ring of underage ladies by means of non-public islands he owned within the US Virgin Islands. Specifically, 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 spokeswoman advised CNN the corporate had no touch upon the lawsuit Wednesday night.

The lawsuit comes a month after two nameless ladies who accuse the late Jeffrey Epstein of sexual abuse filed civil lawsuits in opposition to JPMorgan and Deutsche Financial institution, alleging that the large banks enabled and benefited financially from Epstein’s alleged intercourse trafficking.

The ladies accuse JPMorgan of “offering particular therapy to the intercourse trafficking enterprise, thus making certain its continued operation and sexual abuse and intercourse trafficking of younger ladies and ladies.”

“With out the participation of the monetary establishment, Epstein’s sex-trafficking scheme couldn’t have existed,” the lawsuit states.

The brand new lawsuit additionally comes lower than a month after Legal professional Basic George settled the US Virgin Islands’ lawsuit in opposition to Epstein’s property for greater than $105 million, together with an settlement that the property would promote Epstein’s islands within the territory and can finish enterprise operations there.

Epstein was discovered useless in his jail cell in 2019. A health care provider dominated his loss of life a suicide.

When he died, Epstein was awaiting trial on federal expenses accusing him of working a sex-trafficking ring from 2002 to 2005 at his Manhattan mansion and his Palm Seashore property, and allegedly paid ladies as younger as 14 for intercourse.

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