The government of the U.S. Virgin Islands in a court filing estimated it will seek damages of at least $190 million from JPMorgan Chase in a lawsuit accusing the bank of facilitating sex trafficking by its former long-time customer Jeffrey Epstein.
The complaint alleges JPMorgan allowed Epstein to keep many millions of dollars in accounts at the bank, which he used to fund his trafficking of women, despite multiple red flags about him raised by bank employees over the years."We are pursuing this enforcement action because JPMorgan Chase's institutional failure enabled Jeffrey Epstein's sex trafficking, and JPMorgan Chase must make significant changes to detect, report and stop human trafficking," said U.S.
She said that if the Virgin Islands wins its suit, it will uses the monetary damages it receives"to support efforts to strengthen, inform, and expand local law enforcement and enhance the Virgin Islands' services for victims of human trafficking and other victims of crime." Those clients, the filing said, included Google co-founder Sergey Brin, Microsoft founder Bill Gates, Lex Wexner, the founder of Limited Brands, and the billionaire Glenn Dubin.
JPMorgan in its own court filings has accused the Virgin Islands itself of being"complicit in the crimes of Jeffrey Epstein."
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