The US Virgin Islands said it wants JPMorgan Chase to pay at least $190 million to resolve a lawsuit accusing the largest US bank of ignoring the disgraced late financier Jeffrey Epstein’s sex trafficking.
In a Friday filing in federal court in Manhattan, the territory said it wants JPMorgan to pay a $150 million civil fine, and give up at least $40 million from its 15-year relationship with Epstein.
It also wants JPMorgan to pay compensatory damages suffered by Epstein’s victims, as well as punitive damages.
A large payout is appropriate because JPMorgan “lacked the economic incentive and motivation to place compliance with the law and prevention of trafficking ahead of its own profits,” the territory’s lawyer said in the filing.
US Virgin Islands demands $190M from JPMorgan in Jeffrey Epstein case
- by: Reuters
- 07.14.23
- Source:
New York Post
- 07/17/2023
Jeffrey Epstein Mug Shot by Palm Beach County Sheriff's Department is licensed under Wiki Commons Palm Beach County Sheriff's Department
Jeffrey Epstein Mug Shot by Palm Beach County Sheriff's Department is licensed under Wiki Commons Palm Beach County Sheriff's Department
