JPMorgan Chase processed more than $1.1 million in payments made from Jeffrey Epstein to women or girls after the bank had removed him as a client, a lawyer for the US Virgin Islands told a judge on Monday.
The recipients primarily had Eastern European surnames, according to reports, and some $320,000 went to individuals who had previously never received a payment from Epstein.
The US Virgin Islands is suing JPMorgan for allegedly facilitating sex trafficking by Epstein when he was a client. In a letter to a New York federal judge, attorney Linda Singer alleged that JPMorgan failed to disclose these payments until after a period designated for the two parties to exchange evidence had passed.
JPMorgan claims it terminated Epstein as a client in 2013 and denies any wrongdoing.
However, Singer’s letter alleges that a spreadsheet made by JPMorgan shows more than 9,000 transactions totaling $2.4 billion paid to “Epstein-related persons” from 2005 all the way to 2019
“Many of the entries reflected accounts and payments, numbering in the thousands and totaling in the hundreds of millions of dollars in value, of which USVI had no prior knowledge or information from JPMorgan’s responses and productions during the fact discovery period,” Singer wrote.
Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com
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