JPMorgan Chase allegedly informed the government of over $1 billion in transactions related to “human trafficking” by the late financier Jeffrey Epstein dating to 2003, a lawyer for the U.S. Virgin Islands said.
The Wall Street giant reported the financial activity — which took place over 16 years — as “suspicious” to the Treasury Department in 2019 after Epstein died by suicide, Mimi Liu, a lawyer for the U.S. Virgin Islands, said at a recent hearing in its lawsuit against the bank, according to a transcript of the public proceeding.
“Epstein’s entire business with JPMorgan and JPMorgan’s entire business with Jeffrey Epstein was human trafficking,” Liu said. “The only reason that JPMorgan finally after 16 years reported the billion dollars in suspicious transactions for Jeffrey Epstein is because he was arrested, and then he was dead.”
Hellbound and Down 