JPMorgan moved $1.1 million from Jeffrey Epstein to ‘women or girls’ after terminating client relationship, USVI alleges

A mugshot of Jeffrey Epstein released by the U.S. Justice Department.

Source: U.S. Justice Department

JPMorgan Chase handled more than $1.1 million in payments from Jeffrey Epstein to “girls or women” after the giant bank terminated the sex offender as a client, a lawyer for the U.S. Virgin Islands told a judge Monday.

The lawyer revealed that figure in a letter accusing JPMorgan of failing to disclose the payments until after the end of a period of time set aside for the exchange of evidence between the bank and the Virgin Islands as part of an ongoing federal lawsuit.

The government of the Virgin Islands accuses JPMorgan in that New York federal court lawsuit of facilitating sex trafficking by Epstein for years until it supposedly severed ties with him in 2013.

The bank denies any wrongdoing.

The letter Monday says that a spreadsheet prepared by JPMorgan listing the dates and beneficiaries of more than 9,000 transactions payable to Epstein-related persons between 2005 and 2019 “had a combined value of over $2.4 billion.”

“Many of the entries reflected accounts and payments, numbering in the thousands and totaling in the hundreds of millions of dollars in value, of which USVI had no prior knowledge or information from JPMorgan’s responses and productions during the fact discovery period,” the Virgin Islands’ lawyer Linda Singer wrote Judge Jed Rakoff.

A spokeswoman for JPMorgan had no immediate comment on the letter.

This is breaking news. Please check back for updates.

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