Jeffrey Epstein attends Launch of RADAR MAGAZINE at Resort QT on Could 18, 2005.
Patrick McMullan | Getty Pictures
JPMorgan Chase dealt with greater than $1.1 million in funds from Jeffrey Epstein to “ladies or ladies” after the large financial institution has mentioned it fired the intercourse offender as a shopper, a lawyer for the U.S. Virgin Islands advised a decide Monday.
Most of the ladies or ladies had Jap European surnames, and greater than $320,000 of the funds have been made to “quite a few people for whom JPMorgan had no beforehand recognized funds,” the lawyer Linda Singer wrote to New York federal Decide Jed Rakoff.
Singer in her letter accused JPMorgan of failing to reveal the funds till after the tip of discovery, the interval throughout which the financial institution and the Virgin Islands exchanged proof as a part of an ongoing lawsuit that accuses JPMorgan of facilitating intercourse trafficking by Epstein.
Singer wrote that paperwork just lately turned over by JPMorgan contained info that had been beforehand sought by the Virgin Islands through the discovery interval.
That info was assembled internally by the financial institution in October 2019, greater than three months after Epstein was arrested on federal youngster intercourse trafficking prices. Epstein killed himself in jail in August 2019.
“There isn’t any reputable cause for JPMorgan failing to establish funds to ladies or ladies the financial institution itself recognized as being associated to Epstein — and potential proof of Epstein’s intercourse trafficking enterprise — years earlier than receiving the USVI’s discovery requests,” the lawyer wrote.
The federal government of the Virgin Islands alleges JPMorgan enabled and benefited from Epstein’s trafficking of younger ladies through the years when he was a shopper. Epstein maintained a residence on a personal island within the American territory, the place he sexually abused scores of ladies.
JPMorgan says it minimize ties to Epstein in 2013. However Monday’s submitting challenges the financial institution’s timeline.
The financial institution denies any wrongdoing. A spokeswoman for JPMorgan had no quick touch upon the letter.
Singer’s letter says {that a} spreadsheet ready by JPMorgan itemizing the dates and beneficiaries of greater than 9,000 transactions payable to Epstein-related individuals between 2005 and 2019 “had a mixed worth of over $2.4 billion.”
“Most of the entries mirrored accounts and funds, numbering within the hundreds and totaling within the tons of of thousands and thousands of {dollars} in worth, of which USVI had no prior information or info from JPMorgan’s responses and productions through the truth discovery interval,” Singer wrote.
The letter says that JPMorgan has argued the knowledge was not disclosed earlier “as a result of it was not in a custodial manufacturing and/or didn’t relate to people particularly recognized by the USVI as associated to Epstein.”
However Singer famous, “The USVI has repeatedly made clear that its discovery requests are usually not restricted to people it particularly recognized as being associated to Epstein.”
“The USVI particularly recognized the people it knew have been associated to Epstein to make its discovery requests clearer — not relieve JPMorgan of its responsibility to provide recognized related paperwork,” the lawyer wrote.
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