Reported by: Emily Flitter

The attorney general of the U.S. Virgin Islands is accusing JPMorgan Chase of helping Jeffrey Epstein illegally exploit women and girls, according to a lawsuit filed Tuesday in federal court in Manhattan. The suit says JPMorgan provided banking services to Mr. Epstein after he had been convicted of sex charges and failed to report his suspicious activities.

The lawsuit said the bank should have known about Mr. Epstein’s illegal activities at a villa on Little St. James Island, an island he owned in the territory, and should have reported them to the authorities as part of its adherence to anti-money-laundering laws.

“JPMorgan knowingly, negligently and unlawfully provided and pulled the levers through which recruiters and victims were paid and was indispensable to the operation and concealment of the Epstein trafficking enterprise,” the lawsuit said.

Read full report: https://www.nytimes.com/2022/12/28/business/jeffrey-epstein-jpmorgan-virgin-islands.html