In a Friday filing in federal court in Manhattan, the territory said it wants JPMorgan to pay a $150 million civil fine, and give up at least $40 million from itsIt also wants JPMorgan to pay compensatory damages suffered by Epstein’s victims, as well as punitive damages.The US Virgin Islands wants JPMorgan held liable for providing banking services to Jeffrey Epstein from 1998 to 2013.
The territory wants JPMorgan held liable for providing banking services to Epstein from 1998 to 2013,, and ignoring internal warnings and other red flags because it valued him as a wealthy client. Friday’s letter marks the first time the US Virgin Islands has put a dollar figure on any sum it wants JPMorgan to pay for relationship with Epstein.Epstein, who died by suicide in August 2019, had owned two neighboring islands within the territory, including one that authorities said he bought to keep people from spying on him as he sexually abused young women and girls on the other.
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