Jeffrey Epstein attends Launch of RADAR MAGAZINE at Resort QT on Might 18, 2005.
Patrick McMullan | Getty Pictures
JPMorgan Chase dealt with greater than $1.1 million in funds from Jeffrey Epstein to “women or ladies” after the enormous financial institution says it fired the intercourse offender as a consumer, a lawyer for the U.S. Virgin Islands advised a decide Monday.
Lots of the women or ladies had Jap European surnames, the legal professional, Linda Singer, wrote to Manhattan federal Choose Jed Rakoff.
And greater than $320,000 of the funds had 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 tip 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 knowledge 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 women 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 throughout 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 ladies, and through that point saved tens of tens of millions of {dollars} on deposit at JPMorgan.
JPMorgan says it minimize 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 speedy touch upon the letter.
Singer wrote that paperwork lately turned over by JPMorgan contained info that had been beforehand sought by the Virgin Islands throughout the discovery interval.
That info was assembled internally by the financial institution in October 2019, greater than three months after Epstein was arrested on federal baby intercourse trafficking prices. Epstein killed himself in jail in August 2019.
“There isn’t a authentic purpose for JPMorgan failing to determine 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 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.”
“Lots of the entries mirrored accounts and funds, numbering within the hundreds and totaling within the tons of of tens of millions of {dollars} in worth, of which USVI had no prior information or info from JPMorgan’s responses and productions throughout the reality discovery interval,” Singer wrote.
The letter says that JPMorgan has argued the knowledge 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 had been associated to Epstein to make its discovery requests clearer — not relieve JPMorgan of its responsibility to supply recognized related paperwork,” the lawyer wrote.
Singer advised Rakoff that it stays unclear whether or not JPMorgan has now disclosed all the funds from Epstein to women and girls.
The lawyer requested the decide to order JPMorgan to supply, inside 5 days, all paperwork and knowledge regarding its 2019 overview of its enterprise with Epstein, and “all monetary data for any newly disclosed women or ladies to whom Epstein made funds.”