EFTA00129019.pdf

Tuesday, June 13, 2023 VIRGIN ISLANDS The Virgin Islands Daily News 3 JPMorgan reaches $29014 settlement with Epstein's victims MATTHEW GOLDSTEIN they were teenage girls and young women, the suit engage in sex trafficking. in which the federal authorities' and victims NeWYorkTimes said. The number of victims could potentially rise The lawsuit filed by the victims claimed that ' have said some of the worst conduct was com- to more than 100. JPMorgan ignored repeated warnings that Ep- mitted by the financier, who had palatial homes JPMorgan Chase reached a tentative settlement In the statement, the bank and the lawyers for stein had been trafficking teenage girls and with sexual abrice victims of lefty Epstein, the in Manhattan, Florida, the U.S. Virgin Islands, the victims said they had reached "an agreement young women for sex, even after he registered as New Mexico and Paris. deceased financier, after weeks of embarrassing in principle to settle" the lawsuit on behalf of the a sex offender and pleaded guilty in a 2008 Flor- disclosures about the bank's The bank reiterated on Monday what it had victims and the "settlement is in the best interests ida case to soliciting prostitution from a teenage said a number of times before about how Ep- longstanding relationship of all parties, especially the survivors who Were girl. The complaint said the bank overlooked red with him, the bank and law- stein committed "heinous crimes" and "any as- the victims of Epstein's terrible abuse" flags in Epstein's activity because it valued him sociation with him was a mistake and we regret yers for the victims said in a The settlement agreeri ant was reached roughly as a wealthy client who had access to dozens of statement on Monday. it." two weeks after Jamie Dimon, JP,Morgans chief even wealthier people. The same lawyers for Epstein's victims last David Boles, one of the executive and one of Wall Street best-known Court documents and deposition testimony lead lawyers for the victims, month negotiated a tentative 575 million settle- bankers, sat for a daylong deposition in which he reviewed by The New York Times revealed ment with Deutsche Bank, which succeeded said the bank was prepared said he had barely heard of Epstein before the fi- that bank employees had filed numerous suspi- to pay $290 million to resolve JPMorgan as Epstein's primary banker. Deutsche, nancier's July 2019 arrest on federal sex traffick- cious activity reports about Epstein's repeated which ended its relationship with Epstein in late the lawsuit The parties ini- ing charges. large cash withdrawals. The legal documents tially had agreed not to dis- 2018, paid a 5150 million fine to New York regu- Epstein killed himself in August 2019 in a revealed that after designating Epstein a "high lators in 2020 over allegations that it failed to suf- close the settlement amount in Jeffrey Epstein Manhattan jail cell a month after his arrest' risk client' in 2O06, the bank kept him on as their joint statement, as it was set to.be included in ficiently police its financial dealings with the dis- JPMorgan still faces a related lawsuit by the a customer despite media reports detailing al- graced financier among other compliance failures. a court filing within the next week The proposed U.S. Virgin Islands government That suit re- legations of his sexual abuse of teenage girls deal would settle a lawsuit filed last November in The settlements with both banks must be ap- mains the biggest outstanding Epstein-related and evidence that some of the cash withdrawals proved by Judge Jed Rakoffof U.S. District Court Manhattan federal court by an unidentified wom- case after years of lawsuits against Epstein's es- were for payments to dozens of young women. an on behalf of victims who were sexually abused in Manhattan. Rakoff is also presiding over the m- tate and Ghislaine Maxwell's conviction in 2021 JPMorgan had provided banking services for lated lawsuit by the government of the U.S. Virgin by Epstein over a roughly 15-year period when in Manhattan federal court for helping Epstein Epstein from roughly 1998 to 2013 - a period Islands. JPMorgan: V.I. trying to block release of embarrassing Epstein docs By SUZANNE CARLSON tion," according to Ells-swan. similar tactics to nithhold public records igiate these materials as confidential," Daily News Staff Maxi to release intimation," according ElLsisorthb next sentence included related to Epstein. according to Ellsisorth, who listed sev- to the law several redactions, but hinted at the con- Epstein had close contact with numer- eral reasons why the documents could ST. THOMAS -- The V.I. govern- That means government officials tents of the sealed exhibits: "Spetifically, ous government officials during his life- be considered confidential, such as fi- ment is • refusing to disclose certain USVI has asserted confidentiality over time, including former first lady Cecile could chase to release "confidential" re- nancial information or "materials related cords that are in the public interest. public molds, according to a new filing public records reflecting embarrassing deJongh, who worked as Epstein's em- to ownership of a non-public company, Ellsworth also noted that, "Absent by an attorney -representing JPMorgan conanunications [redacted] that re,tul ployee for 20 ye trade secrets, information of an intimate Chase bank, who says the records ate not from that list of fifteenrecordtypes is any the USVI [redacted] and its abject fail- VI. Delegate to Congress Stacey Plas- mention of records related to sex offender confidential, but are embarrassing to gov- ure to [redacted]. But avoiding embar- kett acknowledged during a May 9 depo- Rather than citing the protective order, ernment officials who dealt with kffrey registration" rassment is not a basis to keep court fil- sition that she met privately with Epstein the VJ. government "incorrectly asserts Epstein. Still, the government is insisting that ings sealed" • several times to solicit campaign contri- that exhibits mast be kept confidential The bank is currently defending the law doesn't allow any information The Virgin islands ger:eminent has butions. tut a U.S. Virgin Islands statute related against a lawsuit by the V.1. goverrunent, to be made politic that isn't on the list of long refused to release many types of Plaskett served as the VI. Economic to sex offender registration," Ellsworth which claims that emplcryees kept Ep- information that must be included on the records that are commonly considered Development Authority attorney from wrote. stein on as a client despite his suspicious sex offender registry website. public in other jurisdictions, such as po- 2007 to 2012 while Bryan was EDA The law lists certain information ahni Ellsworth called the argument "dubi- cash transactions, and media reports that lite incident and arrest moons, death cer- chairman and Epstein, who had already convicted sex offenders that must be pub- he had been sexually abusing undcrage ous," given that the law also includes a list tifies and law enforcement personnel been living in the Virgin Islands for about licly disclosoi - but it dots not provide of what information cannot be included records showing whether an officer has a a decade, was convicted of child sex that other government records -- for on the ymbisite_ In .addition. fivIenil law EFTA00129019