A mugshot of Jeffrey Epstein released by the US Justice Department.
Source: US Justice Department
JPMorgan Chase held more than $1.1 million in payments from Jeffrey Epstein to “women or girls” after the banking giant terminated the sex offender as a client, a lawyer for the US Virgin Islands told a judge Monday.
Many of the girls or women had Eastern European surnames, and more than $320,000 in payments were made to “numerous individuals to whom JPMorgan had not previously identified payments,” attorney Linda Singer wrote in New York federal Judge Jed Rakoff.
Singer accused JPMorgan in his letter of not disclosing the payments until after a period of time set aside for the exchange of evidence between the bank and the Virgin Islands as part of an ongoing federal case.
The government of the Virgin Islands accuses JPMorgan in a New York federal court case of facilitating Epstein’s sex trafficking for years when he was a client. JPMorgan said it cut ties with Epstein in 2013. But Monday’s filing challenges the bank’s timeline.
The bank denies any wrongdoing. A spokeswoman for JPMorgan had no immediate comment on the letter.
The letter says a spreadsheet prepared by JPMorgan that lists the dates and beneficiaries of more than 9,000 transactions payable to people related to Epstein between 2005 and 2019 “has a combined value of more than $2.4 billion .”
“Many of the entries reflect accounts and payments, numbering in the thousands and totaling hundreds of millions of dollars in value, of which the USVI had no prior knowledge or information from JPMorgan’s responses and production during the discovery of the truth,” Singer wrote.
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