JPMorgan Chase to pay $75 mn to settle Epstein-linked sex trafficking suit jmb/st

  • 📰 brieflyza
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 68%

South Africa Headlines News

South Africa Latest News,South Africa Headlines

JPMorgan Chase announced Tuesday that it will pay $75 million to settle a US Virgin Islands' (USVI) lawsuit that accused the bank of facilitating Jeffrey Epstein's sex trafficking ring. The Virgin Islands had originally sought $190 million in damages for the bank's role in enabling Epstein's sex crimes, including in the Virgin Islands, where he had a residence.

JPMorgan Chase announced Tuesday that it will pay $75 million to settle a US Virgin Islands' lawsuit that accused the bank of facilitating Jeffrey Epstein's sex trafficking ring.

These cases together resolve the bank's remaining litigation over its embarrassing long-running association with the late Epstein.The settlement includes $30 million to support USVI charitable organizations, $25 million to enhance USVI law enforcement to combat human trafficking and $20 million in attorneys fees.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 10. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tanzania: Mwinyi Vows to Beat 300,000 Jobs TargetZANZIBAR: ZANZIBAR President Dr Hussein Mwinyi has said that it is possible to create about 300,000 jobs before 2025 in the Islands.
Source: allafrica - 🏆 1. / 99 Read more »

Massive UK visa price hikes hitting in October – this is how much South Africans will payThose looking to visit or immigrate to the UK are about to pay a large bill.
Source: BusinessTechSA - 🏆 24. / 61 Read more »

A missing child found sleeping in the forest after a four-hour searchThea Chase had left home barefoot with her furry friends in the East of Wisconsin, a heavily wooded area before she was discovered missing for almost 4 hours.
Source: brieflyza - 🏆 10. / 68 Read more »

Gambia: The Gambia Redoubles Efforts to Scupper Maritime Drug TraffickingAnalysis - By teaming up with the EU's Seaport Cooperation Project, can the country disrupt the rising cocaine trade?
Source: allafrica - 🏆 1. / 99 Read more »