JPMorgan Settles $75 Million with US Virgin Islands Over Epstein's Sex Trafficking Case
JPMorgan to pay $75 million to settle the US Virgin Islands' lawsuit regarding Epstein's sex trafficking involvement.
The bank had already reached a $290 million settlement with Epstein's victims.
Resolution of Cases
The settlements resolve the bank's remaining litigation linked to its association with Jeffrey Epstein.
$30 million of the settlement will go towards USVI charitable organizations.
$25 million allocated to enhance USVI law enforcement efforts against human trafficking.
The settlement also includes $20 million for attorney fees.
JPMorgan had provided banking services to Epstein since 1998 but terminated the relationship in 2013, raising questions about its actions.