JPMorgan reaches settlement with victims of Jeffrey Epstein.
- JPMorgan Chase announced a settlement Monday with the victims of Jeffrey Epstein who had accused the bank of being the financial conduit that allowed the financier to continue operating a sex trafficking operation. accusing him of paying underage girls hundreds of dollars in cash for massages and then molesting them at his homes in Florida and New York. He was found dead in jail on Aug. 10 of that year, at age 66.
According to the lawsuits, JPMorgan provided Epstein loans and regularly allowed him to withdraw large sums of cash from 1998 through August 2013 even though it was aware of his participation in sex trafficking. The anonymous victim, referred to as Jane Doe, said she was sexually abused by Epstein from 2006 and 2013.
The settlement with Jane Doe arrives on the same day that a judge granted Doe’s lawsuit class-action status, meaning future awards would be granted to Doe and other victims.
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