JPMorgan agrees to a $75 million settlement on Jeffrey Epstein lawsuit

JPMorgan Chase & Co has agreed to a $75 million settlement with the U.S. Virgin Islands on a lawsuit related to its association with Jeffrey Epstein.

U.S. Virgin Islands had accused the financial services behemoth in its lawsuit of benefitting from the now-dead predator’s sex-trafficking ring.

But JPMorgan continues to endure that it was not involved in any way in the atrocities of its client – even though it agreed to pay to settle the case today.

On Tuesday, the investment bank also reiterated its regret on letting Jeffrey Epstein be a client for about fifteen years from 1998 to 2013.

Of the $75 million, JPM will pay $20 million to recompense U.S. Virgin Islands for attorney fees. Its shares are down about 1.0% this morning.

This is a developing story. Return in a few minutes for more updates!

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