JPMorgan to pay $290 million to alleged victims of Epstein-Corriere.it
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JPMorgan Chase to pay $290 million to alleged victims of Jeffrey Epstein. The US bank reached an agreement to close the well-known legal case. The billionaire financier, arrested and committed suicide in prison in 2019, was accused of sexual exploitation of minors and sexual assault against younger people. As part of the case, the American bank was accused of having been aware of Epstein’s criminal activity and of having been involved in the economic transactions related to the abuses.
The sum of 290 million, reported by the Wall Street Journal, was confirmed to AFP by one of the victims’ lawyers, David Boies. The parties believe that this agreement (which has yet to be validated by a judge) is in the best interests of everyone, especially the victims who survived Epstein’s horrific abuses, read a joint statement from the bank and the alleged victims. Jeffrey Epstein was a client of JPMorgan Chase between 1998 and 2013, before the bank decided to terminate their business relationship.
The lawsuit, filed in 2022 by a woman whose identity has not been disclosed, accused JPMorgan Chase of facilitating Jeffrey Epstein’s activities by allowing him to finance his own. The bank has denied the allegations. The financial agreement announced by the American bank follows an initial agreement in mid-May for 75 million dollars between Deutsche Bank and the victims of the billionaire.
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