JPMorgan Settles Jeffrey Epstein Sex Trafficking Lawsuits for $75 Million

JPMorgan Chase reached a $75 million settlement with the U.S. Virgin Islands regarding claims the bank enabled Jeffrey Epstein's sex trafficking enterprise.
The settlement includes $55 million for charities and victim assistance programs, $20 million for legal fees, and a $10 million fund for Epstein's survivors.
JPMorgan also settled claims with former executive Jes Staley over the bank's Epstein accounts which he managed.
The settlements resolve major litigation for JPMorgan related to its former relationship with Epstein, who died by suicide in 2019.
JPMorgan expressed regret over its association with Epstein and agreed to enhanced anti-trafficking monitoring and reporting.