Trillionaires and billionaires like JPMorgan and Leon Black, can afford the best legal teams in the world, and yet with the best legal teams in the world, they have been quick to end investigations into their relationships with and/or financing of child kidnapper, child sex trafficker, and child rapist Jeffrey Epstein, his initiatives, his global elite clients, financiers, associates, and friends - and not because they are innocent.
When the law and the facts aren't on their side, and when they can't corrupt the public offices trying to hold them accountable, the crime syndicate of Jeffrey Epstein, and/or his orbit enter into a legal settlement to effectively reduce and/or end investigations into their ongoing organized crimes and/or the ongoing organized crimes of their orbits.
As succinctly summarized by Kate Briquelet in Daily Beast, "JPMorgan Chase has once again agreed to a massive settlement over its long-term relationship with sex offender Jeffrey Epstein—this time paying the government of the U.S. Virgin Islands to end its sex-trafficking lawsuit against the financial giant.
Late last year, the Caribbean territory sued JPMorgan, accusing the bank of facilitating Epstein’s sex ring while collecting millions via the late trafficker’s client referrals. One of Epstein’s victims, referred to as Jane Doe, had filed a class-action lawsuit against JPMorgan with similar claims that was settled in June for $290 million.
The USVI’s settlement—totaling $75 million—comes about a month before the case was scheduled for trial in Manhattan federal court. In July, the government stated in legal filings that it was seeking a minimum of $190 million from the bank ...
The USVI’s litigation unveiled new details about Epstein’s connections and how JPMorgan catered to the perverted money manager while for years ignoring its own compliance officials’ red flags about his activities, both criminal and financial.
Among the new disclosures: Epstein, who died by suicide in jail in 2019, was considered a financial adviser to Google co-founders Larry Page and Sergey Brin; the bank flagged $1 billion in Epstein’s suspicious transactions to the U.S. Treasury Department after his death; and JPMorgan accepted new client referrals from Epstein after terminating its relationship with him in 2013 ...
According to the USVI, the settlement will fund law enforcement anti-trafficking efforts, local nonprofits that support victims of domestic violence and human trafficking, and a $10 million fund to provide counseling services for victims of Epstein.
In its own announcement on Tuesday, JPMorgan said it had agreed to a $55 million payout plus $20 million in attorneys’ fees.
JPMorgan added that $30 million would go toward USVI charities “whose work is aimed at addressing social ills, including fighting human trafficking and other sex crimes, and to support survivors on their paths to healing,” while $25 million would be paid to law enforcement ...
This isn’t the first time USVI has received millions in connection to Epstein. In November 2022, Epstein’s estate paid the territory $105 million to settle a civil racketeering suit filed by former attorney general Denise George, who alleged that the financier “created a network of companies” to further his “forced labor” and “sexual servitude” of women.
And, as The New York Times reported, billionaire Leon Black paid the USVI $62.5 million in January to be released from any claims connected to the government’s probe into Epstein’s crimes.
Brad Edwards, a lawyer for Doe and other victims, told The Daily Beast that the USVI settlement “is further evidence of the continued extraordinary courage of the survivors of Jeffrey Epstein’s abuse that was only made possible with the help of some of the most powerful people and entities in the world.”
Because of the fearless work of the U.S. Virgins Islands' Attorney General's Office - to bring justice to some of the many victims of Jeffrey Epstein's organized crime syndicate - the U.S. Virgins Islands' Attorney General's Office makes our list of heroes for this week, along with Daily Beast and Business Insider, and along with Brad Edwards, Lisa Bloom, and Wigdor Law, who have been doing a fantastic job keeping up with these cases, and who have been engaged in very important work.
ADDITIONAL SOURCES AND ATTRIBUTES
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