JPMorgan to Settle with Epstein Victims for $290 Million
June 12th, 2023Via: Reuters:
JPMorgan Chase agreed to pay about $290 million to settle a class action lawsuit by Jeffrey Epstein’s victims, a person familiar with the matter said, resolving a large part of litigation over the bank’s relationship with the disgraced financier.
Monday’s settlement follows months of embarrassing disclosures that JPMorgan ignored internal warnings and overlooked red flags about Epstein because he had been a valuable client over a 15-year period.
Epstein was a JPMorgan client from 1998 to 2013, and was kept on even after being arrested in 2006 on prostitution-related charges and pleading guilty two years later.
