JPMorgan Under Fire for Allegedly Concealing Epstein-Related Transactions from V.I. Government
A new filing by the Government of the Virgin Islands on Monday, in its lawsuit against JPMorgan accuses the bank of withholding key information that shows JPMorgan handling over a million dollars in “payments from [Jeffrey] Epstein to girls or women…after Epstein was terminated by JPMorgan,” according to a letter written to Judge Jed Rakoff.
2023-08-01 13:20:36 - VI News Staff
Written on July 18 and initially filed under seal, the letter says that during the discovery exercise, the bank produced a document that made reference to them having a “timeline” of “relevant transactional activity” that was specifically requested by GVI on June 5, with reminders sent on four subsequent dates in June. On June 24, the USVI’s legal team says JPMorgan responded that it had located the information and most likely would be able to “produce it this week,” as the letter claims.
The bank did, on June 30, produce a spreadsheet which had some of the information requested by the GVI – information on “over 9000 transactions payable to Epstein-related persons that occurred between 2005 and 2019,” worth over $2.4 billion in total, the letter says. Many of the transactions listed had been previously unknown to the GVI, but the territory wanted more information, including the identities of the initiating party for each payment, not just the recipients.
That information was produced by the bank on July 14, and includes, GVI’s letter argues, records of transactions by Epstein-connected people of which the territory was previously unaware and/or the bank had not previously disclosed. “This information is directly responsive to numerous discovery requests,” the letter to Judge Rakoff claims, and JPMorgan was wrong to withhold it.