Virgin Islands attorney general sues JPMorgan Chase over banking services for Jeffrey Epstein


New York
CNN
 — 

The U.S. Virgin Islands government filed a lawsuit Tuesday versus JPMorgan Chase, alleging that the Wall Avenue lender benefited monetarily from Jeffrey Epstein’s intercourse trafficking operation and failed in its obligation to report suspicious economical activity.

“Over additional than a 10 years, JPMorgan

(JPM) obviously understood it was not complying with federal regulations in regard to Epstein-related accounts as evidenced by its too-small much too-late attempts following Epstein was arrested on federal intercourse trafficking rates and shortly soon after his loss of life, when JPMorgan

(JPM) belatedly complied with federal regulation,” states the complaint submitted by US Virgin Islands Attorney Standard Denise George.

“Human trafficking was the principal business of the accounts Epstein taken care of at JPMorgan,” the lawsuit states.

The lawsuit statements that JPMorgan Chase unsuccessful to make proper regulatory filings that could have tipped off the governing administration to Epstein’s alleged intercourse-trafficking ring of underage girls by means of private islands he owned in the U.S. Virgin Islands. In distinct, the governing administration argues that JPMorgan Chase ought to have supplied Epstein closer scrutiny as a consumer soon after he entered a responsible plea to soliciting prostitution with a insignificant in Florida in 2008.

A JPMorgan Chase spokesperson instructed CNN the business had no comment on the lawsuit Wednesday night.

The lawsuit arrives a month following two anonymous women of all ages who accuse the late Jeffrey Epstein of sexual abuse submitted civil lawsuits versus JPMorgan and Deutsche Bank, declaring the big banks enabled and benefited monetarily from Epstein’s alleged sex trafficking procedure.

The women of all ages accuse JPMorgan of obtaining “provided particular treatment to the sexual intercourse-trafficking undertaking, thereby guaranteeing its ongoing operation and sexual abuse and sexual intercourse-trafficking of younger females and women.”

“Without the fiscal institution’s participation, Epstein’s intercourse trafficking scheme could not have existed,” the lawsuit states.

The new lawsuit also comes fewer than a month right after Lawyer Basic George settled the U.S. Virgin Islands’ lawsuit in opposition to Epstein’s estate for extra than $105 million dollars, along with an agreement that the estate will sell Epstein’s islands in the territory and conclusion business enterprise functions there.

Epstein was found useless in his prison cell in 2019. A medical examiner dominated his death a suicide.

When he died, Epstein was awaiting trial on federal charges accusing him of working a sex trafficking ring from 2002 to 2005 at his Manhattan mansion and his Palm Seashore estate, and allegedly paying girls as younger as 14 for intercourse.