JPMorgan Chase has reached an"agreement in principle" over a class-action lawsuit filed by one of Jeffrey Epstein's victims.
"The parties believe this settlement is in the best interests of all parties, especially the survivors who were the victims of Epstein's terrible abuse," JPMorgan said in a statement.. The plaintiff is an unnamed victim who met Epstein when she was working as a ballet dancer in New York. According to the lawsuit, she was"sexually abused and trafficked by Epstein for several years" and on occasion by some of his friends.
The lawsuit alleges that JPMorgan"knowingly and intentionally participated in the Epstein sex-trafficking venture" between roughly 2000 and 2013 by providing its"essential financial underpinnings" and ignoring the red flags. According the lawsuit, Epstein agreed to bring ultra-high wealth clients to the bank, and in exchange Jes Staley, one of its top employees,"would use his clout within JPMorgan to make Epstein untouchable.""JPMorgan chose facilitating a sexual abuse and sex trafficking operation for many years, including through the criminal investigation and incarceration of Jeffrey Epstein, in order to churn profits," the lawsuit says.