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JPMorgan Paying $75 Million to Settle Suit Over Jeffrey Epstein Ties

  • JPMorgan Chase has agreed to pay $75 million to settle a lawsuit by the U.S. Virgin Islands, which accused the bank of facilitating and benefiting from sex trafficking by their customer Jeffrey Epstein.
  • The settlement does not require JPMorgan to admit any wrongdoing, but $55 million will be given to Virgin Islands charities and anti-trafficking efforts.
  • JPMorgan also reached a settlement with Jes Staley, a former executive at the bank and a friend of Epstein, resolving claims against him related to Epstein-related litigation.
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The Washington Post broke the news in on Tuesday, September 26, 2023.
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