JPMorgan Flagged Over $1 Billion in Suspicious Activity Linked to Jeffrey Epstein

Objectivity 4.8 | Credibility 4.8 | Relevance 4.5

The U.S. Virgin Islands (USVI) has claimed in its lawsuit against JPMorgan that the bank flagged over $1 billion in suspicious transactions linked to the late pedophile Jeffrey Epstein. Attorney for the USVI Mimi Liu said, ” JPMorgan was a full-service bank for Jeffrey Epstein’s sex trafficking.”   Bloomberg reports that key allegations in the lawsuit against JPMorgan are bolstered by the enormous sum in which the bank knowingly benefited from Epstein’s nefarious deeds.  It was noted that this is the first time in the case that the ‘sheer volume of Epstein’s financial activity at JPMorgan over a 16-year period has been disclosed.’  JPMorgan claims it reported around 150 cash transactions to a federal regulator between 2002 and 2013, and denied that it dismissed Epstein’s activities.  The suspicious activity was outlined in a 2019 filing to the U.S. Department of Treasury after Epstein’s death, a USVI attorney told a federal court in Manhattan on Thursday.