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- As JPMorgan Settles Epstein Victims’ Claims for $290 Million, Bombshell Documents Are Filed in the Other Epstein Case Against the Bank
As JPMorgan Settles Epstein Victims’ Claims for $290 Million, Bombshell Documents Are Filed in the Other Epstein Case Against the Bank
by Pam Martens and Russ Martens Wall Street on Parade
Yesterday, at 9:33 a.m. ET, JPMorgan Chase and the law firm Boies Schiller Flexner, issued a terse joint statement indicating that they had informed Judge Jed Rakoff’s federal court in Manhattan that claims against the bank for aiding and abetting Jeffrey Epstein’s sex-trafficking of underage girls had been settled by the two sides. The settlement will require court approval.
Law partner David Boies later confirmed to the press that the dollar figure for that settlement was an astonishing $290 million, despite the fact that the lawsuit was brought by just one women, Jane Doe 1.
After Jamie Dimon, the Chairman and CEO of JPMorgan Chase, had argued for months that the bank was not responsible for Epstein’s sex crimes and trafficking of young girls, why would the bank flip on a dime on June 12 and decide to effectively admit its guilt by agreeing to pay $290 million to settle the case?