{"id":2045712,"date":"2023-09-26T19:59:02","date_gmt":"2023-09-26T23:59:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/jp-morgan-settles-75m-epstein-sex-trafficking-lawsuit\/"},"modified":"2023-09-26T20:01:38","modified_gmt":"2023-09-27T00:01:38","slug":"jp-morgan-settles-75m-epstein-sex-trafficking-lawsuit","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/jp-morgan-settles-75m-epstein-sex-trafficking-lawsuit\/","title":{"rendered":"JP Morgan pays $75M to settle Epstein sex-trafficking lawsuit."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fjp-morgan-settles-75m-epstein-sex-trafficking-lawsuit%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2045712&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p><!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"><br \/>\n<?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><html><body><\/p>\n<div class=\"entry-content\">\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">People pass a sign for JPMorgan Chase &#038; Co. \u200bat it\u2019s headquarters \u200din Manhattan on October 2, 2012 in New York City. (Photo\u2062 by\u200c Spencer Platt\/Getty Images)<\/figcaption><\/figure>\n<h2>OAN\u2019s <a href=\"https:\/\/www.oann.com\/tag\/sophia-flores\">Sophia \u200bFlores<\/a><br \/>4:44 PM \u2013 Tuesday, \u200bSeptember 26, 2023<\/h2>\n<p>JPMorgan Chase has reached \u200ba settlement \u200bwith the U.S. Virgin Islands and former \u200cexecutive Jes Stanley. The lawsuit alleged\u2062 that the bank was aware, helped, and even benefited from Jeffrey Epstein\u2019s trafficking\u2063 of minors.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>On Tuesday, JPMorgan Chase\u2064 announced that they will pay $75 million to\u2064 the territory to settle the lawsuit, \u200cwhich alluded to\u200d the fact\u2063 that \u2064the bank facilitated Epstein\u2019s sex trafficking ring. <\/p>\n<p>However, JPMorgan\u200b did not admit\u200c any fault or wrong doing in the case and\u2062 reiterated that it \u201cdeeply \u2062regrets any \u2064association\u201d with the disgraced financier.  <\/p>\n<blockquote class=\"wp-block-quote\">\n<p>\u201cThe firm deeply\u200c regrets any association with this man, and would never have continued doing\u2062 business with him if it believed he was using the bank in any way to commit his heinous crimes,\u201d\u200d bank \u200creps said.<\/p>\n<\/blockquote>\n<p>Of the $75 million settlement, $30 million of\u200b it will reportedly go to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/jp-morgan-settles-75m-epstein-sex-trafficking-lawsuit\/\" title=\"JP Morgan pays M to settle Epstein sex-trafficking lawsuit.\">support local charities working<\/a> to\u200b end human trafficking and $25 million will go\u2063 to efforts to strengthen law enforcement around human trafficking. The last $20 million will be dedicated \u2064to legal fees.<\/p>\n<p>U.S. \u2064Virgin Islands officials felt content with the settlement, saying it \u2062was \u201cin the best interest \u2063of all parties.\u201d<\/p>\n<blockquote class=\"wp-block-quote\">\n<p>The settlement \u201cshould\u200c sound the \u200calarm on Wall Street about banks\u2019 responsibilities under the law \u200bto \u2064detect and prevent human \u200dtrafficking,\u201d said Ariel Smith, the attorney general for the\u200c U.S. Virgin Islands. \u2063\u201cWe are proud to have stood alongside the survivors throughout this litigation, and this settlement reflects our\u200c continued commitment to them,\u201d she continued. <\/p>\n<\/blockquote>\n<p>Epstein was a client of JP Morgan\u200b from 1998 until\u2064 2013. <\/p>\n<p>According \u200dto\u200c the criminal indictment, Epstein ran \u2062a sex trafficking enterprise where he paid girls (and possibly boys) as young as 11-years-old to have sex with him and\u200c his colleagues between\u2062 2002 and 2005. <\/p>\n<p>Epstein \u200calso had his\u2062 own personal employees whose job\u200b it was to lure children to his many residences.<\/p>\n<p>Jes Stanley, JP Morgan\u2019s former bank executive, was \u2063believed to \u200dbe friends with\u2063 Epstein, although the terms of his\u200d legal agreement remain confidential.<\/p>\n<p>Stay informed! Receive \u200bbreaking news\u200c blasts \u2064directly to your inbox for free. Subscribe here. <a href=\"https:\/\/www.oann.com\/alerts\">https:\/\/www.oann.com\/alerts<\/a><a rel=\"noreferrer noopener\" href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https%3A%2F%2Fwww.oann.com%2Fnewsroom%2F26-year-old-tech-ceo-found-dead-inside-her-baltimore-residence%2F&#038;t=26-Year-Old%20Tech%20CEO%20Found%20Dead%20Inside%20Her%20Baltimore%20Residence\" target=\"_blank\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h3>In a bold \u2062move by the\u2062 President, Joe\u200b Biden joins the union workers on strike \u2062over \u200ccost of living wages and pay.<\/h3>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h3>At least six Democrats call for Senator Bob Menendez \u200cto resign following \u2063a three count indictment for bribery.<\/h3>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h3>Recently, Vice President\u2064 Kamala Harris\u2062 said that\u200d young American\u2019s aren\u2019t buying homes or having children because \u2063they have \u201cclimate anxiety.\u201d <\/h3>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h3>Migrant apprehensions are skyrocketing at the Southern Border but the Biden Administration continues to appear apathetic.<\/h3>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h3>LONDON \u2063(Reuters) -The European Commission launched an\u2063 investigation on Wednesday into \u2064whether to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/reactions-to-eu-probe-of-chinese-electric-cars-imports\/\" title=\"EU probe of Chinese electric cars imports sparks mixed reactions.\">impose punitive tariffs<\/a> to protect European Union automakers \u2063against\u2026 <\/h3>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h3>By\u200d David Shepardson WASHINGTON (Reuters) \u2013 The U.S. Senate\u2019s top Democrat \u2064is bringing U.S. \u200ctechnology leaders including Tesla CEO Elon Musk, Meta\u2026 <\/h3>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h3>By John Revill ZURICH (Reuters) \u2013 \u2063ABB is spending \u200b$280\u200c million on a new\u2062 robotics \u200cfactory \u2063in Sweden, \u200cthe Swiss engineering and\u2026 <\/h3>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h3>PARIS (Reuters)\u2064 \u2013 French Europe Minister Laurence Boon on Wednesday welcomed an \u200canti-subsidy investigation into Chinese electric vehicles launched by the \u200dEU\u2026 <\/h3>\n<\/p><\/div>\n<p> rnrn  <\/p>\n<h2> What were the allegations \u200cmade against JPMorgan Chase in the lawsuit regarding Jeffrey Epstein&#8217;s \u200dtrafficking of minors?<\/h2>\n<p><span>  JPMorgan Chase Reaches Settlement in Lawsuit\u200b Alleging Connections to\u2063 Jeffrey Epstein&#8217;s Trafficking \u2064of \u2063Minors<\/p>\n<p>JPMorgan\u200d Chase has\u200c recently\u200b reached \u2064an agreement to settle a lawsuit with\u2062 the U.S. Virgin Islands \u200dand\u2063 former executive Jes\u2062 Stanley. The\u200c lawsuit \u2064accused the bank of\u200d being\u2064 aware of, assisting, \u200band \u200dprofiting from Jeffrey Epstein&#8217;s trafficking of \u2062minors.<\/p>\n<p>The \u200bsettlement, \u2063announced on\u200d Tuesday, entails JPMorgan Chase paying\u2063 $75 million to the territory to resolve the lawsuit, which implicated\u200d the bank in \u200cfacilitating Epstein&#8217;s sex trafficking ring.<\/p>\n<p>It is important to \u2062note that JPMorgan Chase has not admitted any \u200dfault or\u2062 wrongdoing in the case. The bank reiterated that it deeply\u2063 regrets any\u2063 association with the disgraced financier.<\/p>\n<p>&#8220;The firm\u2063 deeply regrets any association with this man, and would never\u2064 have continued doing business with him if \u200bit believed \u2062he was using\u200c the bank in any way to commit his \u200dheinous\u2062 crimes,&#8221; said\u200c bank representatives.<\/p>\n<p>Of\u2063 the \u200d$75 million settlement, $30 million\u2064 is expected to be allocated to\u200b support local charities \u2064dedicated to \u200beradicating human \u200btrafficking. Another $25 million\u200c will be\u2064 used to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/oakland-misses-deadlines-for-public-safety-grants-worth-millions-los-angeles-da-doesnt-apply\/\" title=\"Oakland fails to meet deadlines for valuable public safety grants, LA DA doesn't apply.\">enhance law enforcement efforts<\/a> in combating human trafficking.\u200b The remaining $20 million will be dedicated to covering\u200c legal fees.<\/p>\n<p>Officials from the U.S. Virgin \u2064Islands expressed their satisfaction with the\u2064 settlement, stating that\u200d it\u200b is in the\u200d best interest of all parties involved.<\/p>\n<p>&#8220;The settlement should sound the alarm on Wall Street\u2063 about banks&#8217; responsibilities under the law \u200cto detect and prevent human \u200btrafficking,&#8221; said Ariel\u2063 Smith, the \u200bAttorney General\u2064 for the U.S. Virgin \u2064Islands. &#8220;We are proud to \u2063have\u2064 stood\u2063 alongside the survivors throughout this \u200clitigation,\u200b and\u2062 this settlement reflects our continued commitment to them,&#8221; she added.<\/p>\n<p>It was revealed that Epstein had been a client of JP Morgan from 1998 until\u200d 2013. According\u200d to the\u2062 criminal indictment, Epstein operated a sex \u200dtrafficking enterprise, and he allegedly paid girls (and possibly \u200cboys) as young as 11 years old \u200dto engage\u200d in sexual activities with him\u200c and his associates between \u200b2002 and 2005. Epstein also employed individuals whose role was \u2063to lure \u2064children to his various residences.<\/p>\n<p>While Jes Stanley, JPMorgan\u200d Chase&#8217;s former\u2063 bank executive,\u200d was \u200dsaid to be\u2062 friends with Epstein, the details of their legal agreement \u2063remain confidential.<\/p>\n<p>In conclusion, JPMorgan Chase&#8217;s settlement with\u2064 the\u2062 U.S. Virgin Islands and Jes\u2064 Stanley marks an \u2064important step in addressing the serious allegations surrounding the bank&#8217;s connection to Epstein&#8217;s\u200d trafficking of minors. The settlement highlights the need for banks to\u2062 fulfill their\u200c responsibilities in detecting and preventing human trafficking, as well as the commitment \u2064of government officials to support survivors of such heinous crimes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>JPMorgan Chase settles with U.S. Virgin Islands and Jes Stanley, former executive, over lawsuit. (Photo: Spencer Platt\/Getty Images) OAN&#8217;s Sophia Flores, 4:44 PM &#8211; Tue, Sep 26, 2023.<\/p>\n","protected":false},"author":1209,"featured_media":2045713,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-2045712","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2045712","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1209"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2045712"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2045712\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2045713"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2045712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2045712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2045712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}