Time To Name The Clients: JPMorgan Flagged Over $1 Billion In Suspicious Epstein Transfers

JPMorgan flagged over $1 billion in suspicious transactions linked to deceased pedophile Jeffrey Epstein, which the bank reported to the US government, the US Virgin Islands has claimed in its lawsuit against the bank.

“JPMorgan was a full-service bank for Jeffrey Epstein’s sex trafficking,” said Mimi Liu, an attorney for the USVI, which says the enormous sum bolsters key allegations in their legal action against the bank, which they say knowingly benefited from Epstein’s wrongdoing, Bloomberg reports, noting that this is the first time in the case that the ‘sheer volume of Epstein’s financial activity at JPMorgan over a 16-year period has been disclosed.’

Epstein notoriously trafficked some of his victims to a private island in the USVI.

JPMorgan denies that it let Epstein’s activities slide, and says it reported around 150 cash transactions to a federal regulator between 2002 and 2013.

Last month, the USVI told the judge in the case that the bank facilitated over $1.1 million in payments from Jeffrey Epstein to “girls or women,” many of whom had Eastern European surnames.

Over $320,000 of the payments were made to “numerous individuals for whom JPMorgan had no previously identified payments,” Singer wrote, accusing the bank of failing to disclose the payments until after the end of discovery – the period in which parties in a lawsuit exchange evidence.

The bank claims that’s irrelevant, because the USVI doesn’t have legal standing to claim JPMorgan obstructed a trafficking investigation because it wasn’t a victim.

That said, Liu is urging the judge in the case to decide various claims in the USVI’s favor without a trial.

“There is hotly disputed testimony and evidence,” said Feliia Ellsworth, an attorney for the bank.