JPMorgan Chase Pays $75 Million to Settle Claims Over Jeffrey Epstein Ties
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JPMorgan Chase agrees to pay $75 million to settle claims it enabled Jeffrey Epstein's sex trafficking activities.
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Settlement comes before scheduled trial with U.S. Virgin Islands, which sued the bank last year.
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JPMorgan also reaches confidential settlement with former executive James Staley, who advocated keeping Epstein as client.
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$30 million of settlement will go to Virgin Islands charities supporting sex crime victims.
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JPMorgan says settlement doesn't involve admission of liability but regrets any association with Epstein.