Photo Illustration by Elizabeth Brockway/The Daily Beast/Getty/Handout
JPMorgan Chase has once again agreed to a massive settlement over its long-term relationship with sex offender Jeffrey Epstein—this time paying the government of the U.S. Virgin Islands to end its sex-trafficking lawsuit against the financial giant.
Late last year, the Caribbean territory sued JPMorgan, accusing the bank of facilitating Epstein’s sex ring while collecting millions via the late trafficker’s client referrals. One of Epstein’s victims, referred to as Jane Doe, had filed a class-action lawsuit against JPMorgan with similar claims that was settled in June for $290 million.
The USVI’s settlement—totaling $75 million—comes about a month before the case was scheduled for trial in Manhattan federal court. In July, the government stated in legal filings that it was seeking a minimum of $190 million from the bank.