In a shocking revelation, it has been alleged that JPMorgan Chase, one of the largest banks in the United States, processed more than $1.1 million in payments from convicted sex offender Jeffrey Epstein. These payments were reportedly made to “girls or women” even after the bank claims to have terminated their relationship with Epstein. The allegations were made by lawyer Linda Singer on behalf of the U.S. Virgin Islands, where Epstein is accused of sex trafficking young women.
According to the attorney, Linda Singer, many of the recipients of these payments had Eastern European surnames. This raises further questions about the nature of Epstein’s illegal activities and the extent of JPMorgan’s involvement. Singer also highlighted that over $320,000 of the payments were made to individuals who were previously unknown to the bank. This suggests that JPMorgan may have been complicit in facilitating Epstein’s sex trafficking operations.
Singer’s letter to Manhattan federal Judge Jed Rakoff accuses JPMorgan of failing to disclose these payments until after the discovery period of the ongoing lawsuit between the bank and the U.S. Virgin Islands. Singer is now seeking monetary sanctions against JPMorgan and requesting the bank to provide all financial records related to newly disclosed girls or women to whom Epstein made payments. The U.S. Virgin Islands’ lawsuit alleges that JPMorgan not only facilitated Epstein’s sex trafficking but also financially benefited from it.
JPMorgan’s Denial and Conflicting Timeline
JPMorgan, however, firmly denies any wrongdoing in relation to Epstein. The bank maintains that it severed ties with Epstein in 2013. But Singer’s court filing challenges this timeline and brings into question the bank’s credibility. JPMorgan spokeswoman Patricia Wexler dismissed Singer’s claims, stating that there is no proof to support the allegations made against the bank.
Singer’s letter reveals that JPMorgan recently provided documents that had been previously requested by the U.S. Virgin Islands. These documents contained crucial information about the payments made to Epstein and his associated parties. It is concerning that the bank only assembled this information internally in October 2019, several months after Epstein’s arrest on federal child sex trafficking charges. The delay in disclosing such important information raises questions about JPMorgan’s intentions and motives.
The letter submitted to the court also describes a spreadsheet prepared by JPMorgan, detailing more than 9,000 transactions amounting to over $2.4 billion. These payments were made to individuals associated with Epstein between 2005 and 2019. The significant value of these transactions, coupled with the sheer number of entries, highlights the scale of Epstein’s financial activities and suggests that JPMorgan had knowledge of his illicit operations.
JPMorgan has defended its delayed disclosure by claiming that the information was not previously disclosed because it was not included in a custodial production or directly linked to individuals identified by the U.S. Virgin Islands. However, Singer argues that the U.S. Virgin Islands’ discovery requests were not limited to specific individuals and that JPMorgan had a duty to produce all relevant documents. The lawyer contends that the bank’s explanations are untenable, given the gravity of the allegations.
Despite the recent disclosure of some information, it remains uncertain whether JPMorgan has revealed all payments made by Epstein to girls and women. Singer has requested Judge Rakoff to order JPMorgan to produce all documents and information related to the bank’s 2019 review of its business with Epstein, as well as any financial records pertaining to newly disclosed recipients. This demand highlights the urgency to uncover the hidden truth and hold JPMorgan accountable for its actions.
The allegations against JPMorgan Chase regarding its facilitation of Jeffrey Epstein’s sex trafficking operations are deeply disturbing. The evidence presented by Linda Singer on behalf of the U.S. Virgin Islands raises serious questions about the bank’s involvement and disclosure practices. The authorities must thoroughly investigate these claims and ensure that justice is served for the victims of Epstein’s horrific crimes.
Leave a Reply