JPMorgan’s $290 million deal with Epstein whistleblowers approved
- November 10, 2023
- 0
A US court approved the deal with JPMorgan Chase on Thursday To $290 million from women who said Jeffrey Epstein abused themand that the largest US bank turned
A US court approved the deal with JPMorgan Chase on Thursday To $290 million from women who said Jeffrey Epstein abused themand that the largest US bank turned a blind eye to the late financier’s sex trafficking.
District Judge Jed Rakoff finally approved the agreement at a hearing in Manhattan federal court.
He previously gave preliminary approval to the deal in June, calling it a “really good arrangement.”
The settlement included more than 100 women, led by a former ballerina known as Jane Doe 1, who alleged Epstein abused them.
This comes after it became known that JPMorgan ignored internal warnings and did not heed warning signs about Epstein, being a valued client.
Epstein was a JPMorgan client from 1998 to 2013. The bank kept it even after the arrest in 2006. on charges of prostitution and pleaded guilty two years later.
JPMorgan did not admit wrongdoing when it agreed to the deal.
In September, JPMorgan agreed to pay $75 million to settle claims in the U.S. Virgin Islands, where Epstein owned two islands.
On October 20, Rakoff finalized a similar $75 million settlement between Epstein accusers and Deutsche Bank. DBKGn.DEwhere Epstein worked after leaving JPMorgan.
Source: Aristegui Noticias
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