JPMorgan Settles $75 Million Jeffrey Epstein Sex Trafficking Lawsuit

JPMorgan Chase has agreed to pay $75 million to the U.S. Virgin Islands to settle claims that the bank enabled financier Jeffrey Epstein's sex trafficking activities. The settlement includes funds for local charities assisting victims of domestic abuse and trafficking, as well as mental health services for Epstein's survivors. The Virgin Islands had accused JPMorgan of being complicit in Epstein's behavior and failing to report suspicious activities. The settlement avoids a trial and follows a previous $290 million settlement in a class-action lawsuit involving Epstein's victims.