JPMorgan Chase has agreed to pay $75 million to the U.S. Virgin Islands to settle claims that the bank enabled the sex trafficking acts committed by financier Jeffrey Epstein.
This March 28, 2017 photo, provided by the New York State Sex Offender Registry, shows Jeffrey Epstein. The Justice Department’s watchdog said Tuesday that “a combination of negligence and misconduct” enabled Jeffrey Epstein to take his own life at a federal jail in New York City. (New York State Sex Offender Registry via AP, File)
JPMorgan said that $55 million of the settlement will go toward local charities and assistance for victims. Another $20 million will go toward legal fees.
