Jeffrey Epstein Victims Reach $290 Million Settlement: What Happened?

The class action lawsuit filed by Jeffrey Epstein victims against JPMorgan Chase has finally wrapped up as the bank has agreed to pay them around $290 million.

The bank had a close relationship with the former financier and infamous child sex predator, as it was revealed that JPMorgan Chase ignored internal warnings and overlooked red flags regarding Jeffrey Epstein as he was a valuable client with all the money he was bringing in.

According to Reuters, Epstein was the bank's client from 1998 to 2013, with the bank continuing its relationship with him even after his 2006 arrest, which was related to prostitution. Epstein pleaded guilty a couple of years later.

Over 100 Jeffrey Epstein victims filed the class action lawsuit against JPMorgan, and they were led by an individual known as Jane Doe 1. She and the other victims claimed that the disgraced financier abused them when they were still young. Many of them were still teens when they were abused.

The settlement came less than a month after Deutsche Bank settled a similar lawsuit by Epstein's victims. The German bank, which had Epstein as their client from 2013 to 2018, agreed to pay $75 million to the Jeffrey Epstein victims.

"The settlements signal that financial institutions have an important role to play in spotting and shutting down sex trafficking," said one of the victims' lawyers, Sigrid McCawley. The lawsuit alleged that the bank knowingly benefitted from Epstein's trafficking activities.

JPMorgan Chase Admits Relationship With Jeffrey Epstein Was a Mistake

Following the lawsuit's settlement, JPMorgan Chase admitted to CBS MoneyWatch that the behavior of their infamous sexual predator of a client was "monstrous."

"Any association with him was a mistake and we regret it," the bank said in an email. "We would never have continued to do business with him if we believed he was using our bank in any way to help commit heinous crimes."

The bank also stated that the settlement was "in the best interest of all parties, especially the survivors, who suffered unimaginable abuse at the hands of this man."

While the bank, considered the largest bank in the United States, has now settled with the Jeffrey Epstein victims, JPMorgan still faces a lawsuit by the US Virgin Islands government, which was where he took some of the victims to be abused. The infamous pedophile owned two neighboring islands in the US Caribbean territory.

Jeffrey Epstein's Belarusian Girlfriend Visited Him Just Days Before He Committed Suicide

Before Jeffrey Epstein committed suicide inside his jail cell, he was in a relationship with a woman named Karyna Shuliak, who is from Belarus. Epstein reportedly had a serious relationship with her, and she was seen visiting him during the days leading to his death.

The Daily Mail received Epstein's prison logs, and it revealed that Shuliak visited Epstein just 11 days before his demise. Sources also claimed they had been dating for seven years before the Epstein suicide.

This article is owned by Latin Post.

Written by: Rick Martin

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