Main Topic: Jeffrey Epstein referred former Obama White House counsel Kathryn Ruemmler to JPMorgan Chase as a client in 2019.
Key Points:
1. Epstein's assistant emailed a JPMorgan Chase executive recommending Ruemmler as a customer.
2. JPMorgan Chase terminated Epstein as a client in 2013, but he referred several ultra-wealthy clients to the bank.
3. The U.S. Virgin Islands is suing the bank, alleging it facilitated Epstein's sex trafficking enterprise and failed to report suspicious financial activity.
JPMorgan Chase processed over $1 billion for Jeffrey Epstein over 16 years, according to disclosures made to U.S. authorities, which are now being used in a lawsuit filed by the U.S. Virgin Islands against the bank.
JPMorgan Chase allegedly informed the government of over $1 billion in suspicious transactions related to human trafficking by Jeffrey Epstein, according to a lawyer representing the U.S. Virgin Islands in its lawsuit against the bank.
JPMorgan agrees to pay $75 million to settle allegations that it facilitated Jeffrey Epstein's human trafficking operations, adding to the substantial costs incurred by the scandal that involved other prominent industry figures and banks, but with little long-term impact on Wall Street.
The $290 million settlement between JPMorgan Chase and Jeffrey Epstein's accusers is being objected by several US states, citing concerns that the agreement could impede their ability to seek compensation for sexual abuse victims.
