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According to a recent complaint, JPMorgan Chase profited financially from Jeffrey Epstein’s sex trafficking enterprise while failing to alert authorities to the convicted pedophile’s questionable activities.
In the case submitted to Manhattan federal court on Tuesday, the US Virgin Islands government claimed JPMorgan Chase allowed the disgraced financier to transfer money around his multiple shell companies, funding his illegal operations there.
After pleading guilty to soliciting prostitution from a juvenile in Florida in 2008, Epstein was obliged to register as a sex offender in the Virgin Islands and owned a sizable property on Little Saint James known as “Pedophile Island.”
He committed suicide in his Manhattan detention facility cell in 2019 as he was awaiting trial on federal sex trafficking accusations.
The complaint states that JPMorgan “clearly knew it was not complying with federal regulations with regard to accounts related to Epstein for more than a decade as evidenced by its too-little, too-late efforts after Epstein was arrested on federal sex trafficking charges and shortly after his death, when JPMorgan belatedly complied with federal law.”
The lawsuit claimed that the main business of the accounts Epstein kept at JPMorgan was human trafficking. “JPMorgan was vital to the operation and concealment of the Epstein trafficking enterprise. JPMorgan provided and pulled the levers by which recruiters and victims were paid in a knowing, careless, and illegal manner.”
JPMorgan Chase has been contacted by The Post for comment. The co-executors of Epstein’s estate, Richard Kahn, an accountant located in New York, and Darren Indyke, an attorney, were not immediately available for comment.
Epstein had high-end banking services from JPMorgan Chase before the investment juggernaut ended the partnership in 2013.
Celebrities and wealthy Epstein buddies are rumored to have traveled to “Pedophile Island.” Additionally, a long list of sex crimes with victims as young as 12 are said to have taken place there.
The girls were recruited by Epstein and his imprisoned friend Ghislaine Maxwell with promises of benefits such as financial support and assistance in landing modeling jobs.
Maxwell received a 20-year prison term in June for her involvement in the sex-trafficking ring.
The US Virgin Islands claimed in their most recent filing that Epstein “used his wealth and power to create the Epstein Enterprise, which engaged in a pattern of criminal activity by repeatedly procuring and subjecting underage girls and young women to unlawful sexual conduct, sex trafficking, and forced labor.”
In order to maintain their immigration status and their availability to Epstein, the girls and women were “recruited” and “forced” to “marry other Epstein victims,” according to the lawsuit.
According to the court document, Kahn and Indyke “approved or controlled many of the transactions in JP Morgan accounts held by Epstein or affiliated organizations.”
Denise N. George, the attorney general for the US Virgin Islands, announced a $105 million deal with Epstein’s estate last month.
Little Saint James and Great Saint James, two former pedophile’s private islands, will be sold by the estate as part of the agreement to unaffiliated third parties.
“This agreement restores the Virgin Islands’ people’s confidence that their laws will be upheld without fear or favor and that those who break them will be punished. We’re making it very clear that the Virgin Islands won’t be a refuge for human trafficking, George added.
“The Attorney General’s Office is exercising its authority to enforce the laws of the Virgin Islands against criminal enterprises and to safeguard public safety through this litigation and settlement, acting on behalf of the Government.”
Two more women who claim they were abused by Epstein filed a lawsuit against his estate earlier this month. At least 10 additional purported victims have filed lawsuits against the estate.
»Jeffrey Epstein’s sex trafficking enriches JPMorgan Chase«