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JP Morgan Chase Agrees to Settle Jeffrey Epstein Lawsuit for $290 Million

By Thomas P. Giuffra

One of the country’s largest and influential financial institutions has agreed to settle a lawsuit filed against it by victims of Jeffrey Epstein’s predatory pedophile behavior. The settlement comes after the company’s ties to Epstein were exposed in a series of pre-trial depositions of company executives, particularly the former CEO Jes Staley who allegedly “personally observed” Epstein as he assaulted his sex-trafficking victims and failing to disclose information to his bosses about the illegal venture.

The settlement, which was granted class-action status yesterday, would include Doe and as many as 100 others.

The problems for JP Morgan Chase began when firm CEO Jamie Dimon testified under oath that he had no conversation with Epstein and didn’t know he was a client until after his arrest for sex trafficking in 2019. Dimon’s testimony was contradicted by his predecessor Staley who testified that he and Dimon spoke about Epstein in 2006 when he was first arrested and then again in 2008 when Epstein pled guilty to soliciting and procuring a minor for prostitution. Staley purportedly exchanged 1,200 emails with Epstein during his tenure at JP Morgan Chase. He also visited Epstein in prison following his conviction for soliciting prostitution from a minor in Florida in 2008.

The settlement also comes weeks after three victims of Epstein’s sex-trafficking ring penned emotional letters begging JPMorgan Chase executives to admit they knew about the sexual abuse. One of them was Haley Robson, who was a 16-year-old high school student in West Palm Beach, Fla., when Epstein lured her into his abusive orbit, according to the Daily Beast.

The discovery phase of the case also revealed that Epstein regularly made cash withdrawals of $40,000 to $80,000 totaling $750,000 yearly. These internal bank documents and the former CEO’s testimony made the victim’s case plausible-that JP Morgan Chase facilitated Epstein’s criminal behavior through financial means.

We represent survivors of sexual abuse such as those preyed upon by Jeffrey Epstein and Harvey Weinstein among others. If you or a loved one were abused by Epstein, Weinstein, or another person in a position of trust and authority, contact us today for free initial consultation.

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