SUMMARY
- PMorgan reported over $1 billion in suspicious Epstein transactions post his death.
- Attorney Mimi Liu suggests JPMorgan played a key role in facilitating Epstein's illicit operations.
- Despite previous settlements, JPMorgan vehemently denies these new allegations.
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In recent developments, JPMorgan Chase's interaction with Jeffrey Epstein has come under scrutiny. The banking giant reportedly alerted the Treasury Department to over $1 billion of dubious transactions linked to Epstein spanning 16 years, coming to light post Epstein's 2019 demise.
Attorney Mimi Liu, representing the U.S. Virgin Islands, made a compelling case in a Manhattan federal court, pointing to JPMorgan's significant involvement in Epstein's illicit operations. Liu argues that the bank had its hands deep into Epstein’s criminal activities. She referred to a startling $9 million transferred to various women and questionable withdrawals from Epstein's accounts at the bank. According to reports, these movements indicate facilitation of over 20,000 illegal engagements.
In a shocking statement, Liu posits, "JPMorgan was essentially Epstein's go-to bank for his notorious sex trafficking operations." She also pointed out that the bank's action to report suspicious transactions, amounting to a whopping $1 billion, came into play only after Epstein's arrest and subsequent death. Moreover, despite consistent internal warnings and Epstein's 2008 conviction in a Florida sex crime, the bank continued its operations with him.
Epstein's nefarious actions aren't limited to mainland America. Owning a private island in the Virgin Islands, he faced accusations of abusing women there. JPMorgan strongly refutes the allegations, with their lawyer Felicia Ellsworth stating the Virgin Islands' claim lacks concrete evidence and legal standing.
However, in previous affairs, JPMorgan settled a lawsuit tied to Epstein, agreeing to a payout of $290 million to the victims. Additionally, Deutsche Bank, after inheriting Epstein as a client post his JPMorgan exit in 2013, decided on a $75 million settlement in a related case.
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