Jeffrey Epstein attends Launch of RADAR MAGAZINE at Resort QT on Could 18, 2005.
Patrick McMullan | Getty Pictures
JPMorgan Chase dealt with greater than $1.1 million in funds from Jeffrey Epstein to “ladies or girls” after the enormous financial institution says it fired the intercourse offender as a consumer, a lawyer for the U.S. Virgin Islands instructed a choose Monday.
Most of the ladies or girls had Jap European surnames, the legal professional, 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 data for any newly disclosed ladies or girls 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 girls in the course of the years when he was a consumer.
Epstein maintained a residence on a personal island within the American territory the place he sexually abused scores of girls, and through that point saved tens of tens of millions of {dollars} on deposit at JPMorgan.
JPMorgan says it reduce ties to Epstein in 2013. However Monday’s court docket submitting challenges the financial institution’s timeline.
The financial institution denies any wrongdoing associated to Epstein. JPMorgan spokeswoman Patricia Wexler, when requested about Singer’s letter, mentioned, “There is no such thing as a proof that is correct.”
Singer wrote that paperwork lately 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 baby intercourse trafficking expenses. Epstein killed himself in jail in August 2019.
“There is no such thing as a authentic cause for JPMorgan failing to establish funds to ladies or girls 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 legal professional 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 hundreds and totaling within the lots of of tens of millions of {dollars} in worth, of which USVI had no prior information 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 should not 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 instructed 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 data regarding its 2019 overview of its enterprise with Epstein, and “all monetary data for any newly disclosed ladies or girls to whom Epstein made funds.”