Jeffrey Epstein attends Launch of RADAR MAGAZINE at Lodge QT on Could 18, 2005.
Patrick McMullan | Getty Photographs
JPMorgan Chase dealt with greater than $1.1 million in funds from Jeffrey Epstein to “ladies or ladies” after the large financial institution says it fired the intercourse offender as a shopper, a lawyer for the U.S. Virgin Islands advised a choose Monday.
Most of the ladies or ladies had Japanese European surnames, the lawyer, Linda Singer, wrote to Manhattan federal Decide Jed Rakoff.
And greater than $320,000 of the funds have been made to “quite a few people for whom JPMorgan had no beforehand recognized funds,” Singer wrote within the letter.
The letter accuses JPMorgan of failing to reveal the funds till after the top of discovery, the interval throughout which the financial institution and the Virgin Islands exchanged proof as a part of an ongoing lawsuit.
Singer requested Rakoff to impose financial sanctions on JPMorgan for not turning over the data when the Virgin Islands mentioned it ought to have been disclosed, and to order the financial institution to show over “all monetary information for any newly disclosed ladies or ladies to whom Epstein made funds.”
The Virgin Islands in its go well with alleges that JPMorgan facilitated and financially benefited from intercourse trafficking by Epstein of younger ladies in the course of the years when he was a shopper.
Epstein maintained a residence on a personal island within the American territory the place he sexually abused scores of ladies, and through that point saved tens of hundreds of thousands of {dollars} on deposit at JPMorgan.
JPMorgan says it lower ties to Epstein in 2013. However Monday’s courtroom submitting challenges the financial institution’s timeline.
The financial institution, which denies any wrongdoing associated to Epstein, had no fast touch upon the letter.
Singer wrote that paperwork not too long ago turned over by JPMorgan contained data that had been beforehand sought by the Virgin Islands in the course of the discovery interval.
That data was assembled internally by the financial institution in October 2019, greater than three months after Epstein was arrested on federal little one intercourse trafficking costs. Epstein killed himself in jail in August 2019.
“There isn’t a official cause for JPMorgan failing to establish funds to ladies or ladies the financial institution itself recognized as being associated to Epstein — and potential proof of Epstein’s intercourse trafficking enterprise — years earlier than receiving the USVI’s discovery requests,” the lawyer wrote.
The letter says {that a} spreadsheet ready by JPMorgan itemizing the dates and beneficiaries of greater than 9,000 transactions payable to Epstein-related individuals between 2005 and 2019 “had a mixed worth of over $2.4 billion.”
“Most of the entries mirrored accounts and funds, numbering within the 1000’s and totaling within the tons of of hundreds of thousands of {dollars} in worth, of which USVI had no prior data or data from JPMorgan’s responses and productions in the course of the reality discovery interval,” Singer wrote.
The letter says that JPMorgan has argued the data was not disclosed earlier “as a result of it was not in a custodial manufacturing and/or didn’t relate to people particularly recognized by the USVI as associated to Epstein.”
However Singer famous, “The USVI has repeatedly made clear that its discovery requests aren’t restricted to people it particularly recognized as being associated to Epstein.”
“The USVI particularly recognized the people it knew have been associated to Epstein to make its discovery requests clearer — not relieve JPMorgan of its responsibility to provide recognized related paperwork,” the lawyer wrote.
Singer advised Rakoff that it stays unclear whether or not JPMorgan has now disclosed the entire funds from Epstein to women and girls.
The lawyer requested the choose to order JPMorgan to provide, inside 5 days, all paperwork and knowledge regarding its 2019 assessment of its enterprise with Epstein, and “all monetary information for any newly disclosed ladies or ladies to whom Epstein made funds.”
