JP Morgan Chase bank has reached an agreement with the victims of Jeffrey Epstein for compensation. The bank announced this together with the victims’ lawyers.
According to The New York Times, the amount is $290 million. This would allow the bank to settle all claims from the victims at once.
“Any association with Epstein was a mistake and we regret it,” the bank said. Earlier, Deutsche Bank also reached a settlement with victims of the sex offender.
“We would never have done business with him if we had known that he was using our bank to facilitate his heinous crimes,” JPMorgan Chase stated.
The largest bank in the US is still facing a lawsuit from the US Virgin Islands. Epstein had two islands there where he allegedly abused victims. JP Morgan Chase also has an ongoing case against a former employee who had knowledge of Epstein’s activities but kept it secret.
About the author: Matthew Johnson
Matthew Johnson, a small tech business owner retired and found his passion in journalism.