JPMorgan settles with Epstein victims for $290 million.
TL;DR Summary
JPMorgan Chase has agreed to a $290 million settlement with the victims of Jeffrey Epstein, who accused the bank of being the financial conduit that allowed the financier to continue operating a sex trafficking operation. The proposed settlement, which must still be approved by the judge in the case, totals $290 million, according to lead plaintiff attorney David Boies. According to the lawsuits, JPMorgan provided Epstein loans and regularly allowed him to withdraw large sums of cash from 1998 through August 2013 even though it was aware of his participation in sex trafficking.
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