Historic settlement between JP Morgan and Jeffrey Epstein abuse victims

Historic settlement between JP Morgan and Jeffrey Epstein abuse victims

the american bank JPMorgan Chase achieved a preliminary agreement with the victims of the late financier Jeffrey Epsteinaccused of sexual exploitation of minorsas announced by the financial institution in a statement issued this Monday, June 12.

Both parties indicated that they consider the agreement as the best solution for everyone involved, especially for the victims who survived the terrible abuses perpetrated by Mr Epsteinas mentioned in a joint statement, although they were not disclosed financial details of the agreement.

The class action lawsuit was filed in 2022 by a woman whose identity is unknown and who maintains that JPMorgan Chase facilitated the activities of Jeffrey Epstein by allowing you to finance your actions. The bank has denied the allegations.

In addition, they are carrying out legal action by the government of the Virgin Islands of the United States, in the Caribbean, which accuses JPMorgan of the same charges.

the antecedent

Jeffrey Epstein was sentenced to 13 months of prison in 2008 for transporting adolescents to practice prostitution with people in their circle in Florida, according to a secret agreement with a local prosecutor that allowed him to avoid prosecution at the federal level.

In 2019, he was charged and arrested for having organized a network for several yearsmade up of dozens of young people under his influence, with whom he had sexual relations on his numerous properties. Epstein committed suicide in prison a few weeks laterbefore being judged.

In mid-May, it was announced that Deutsche Bank would pay US$75 million to settle a dispute in which he was accused of profiting by endorsing the late mogul’s sex trafficking scheme. The settlement involved an unidentified defendant, in connection with a class action lawsuit. submitted by an anonymous womanapparently the same as the case of JPMorganin November 2022.

Source: Ambito

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