Overview
- Senate Finance Chair Ron Wyden’s analysis, drawn from newly unsealed records, says JPMorgan filed SARs covering about $4.3 million from 2002–2016 but retroactively reported roughly 5,000 wire transfers totaling about $1.3 billion after 2019.
- Unsealed emails cited in the report show senior executives closely tracked Epstein’s accounts, with John Duffy advising on large cash withdrawals and Mary Erdoes approving efforts to keep doing business with him.
- Wyden argues the underreporting impeded law enforcement’s visibility into Epstein’s operation and calls for a criminal investigation of JPMorgan.
- Congressional scrutiny has intensified, with House Oversight subpoenaing JPMorgan and saying it has received SARs from Treasury, which describes the records as highly sensitive but says it will cooperate.
- Wyden is advancing the Produce Epstein Treasury Records Act to compel release of Treasury reports, while JPMorgan says it regrets the relationship and provided Epstein transaction information to investigators in 2019.