JP Morgan Settles Jeffrey Epstein Sex-Trafficking Lawsuit for $75 Million

JPMorgan Chase has agreed to pay $75 million to settle a lawsuit filed by the U.S. Virgin Islands, accusing the bank of facilitating Jeffrey Epstein's sex-trafficking enterprise for 15 years. The majority of the settlement, $55 million, will go towards local charities and victim assistance, while $20 million will cover legal fees. The settlement does not involve admissions of liability, but the bank expressed regret for any association with Epstein. The U.S. Virgin Islands will use $10 million from the settlement to provide mental health services for Epstein's survivors. JPMorgan Chase was Epstein's banker for 15 years before terminating their relationship in 2013.