The JPMorgan Chase logo design is seen at its head office structure in New York City, May 26, 2023.
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A U.S. judge on Thursday authorized JPMorgan Chase‘s $290 million settlement with females who stated Jeffrey Epstein abused them, which the biggest U.S. bank disregarded to the late investor’s sex trafficking.
U.S. District Judge Jed Rakoff given last approval to the offer at a hearing in Manhattan federal court. He had formerly given initial approval to the handle June, calling it a “really fine settlement.”
The settlement covered more than 100 females, led by a previous ballet dancer called Jane Doe 1, who stated Epstein abused them.
It followed awkward disclosures that JPMorgan disregarded internal cautions and ignored warnings about Epstein since he had actually been an important customer.
Epstein was a JPMorgan customer from 1998 to2013 The bank kept him on even after he was apprehended in 2006 on prostitution charges and pleaded guilty 2 years later on.
JPMorgan did not confess misdeed in accepting settle.
JPMorgan in September accepted pay $75 million to settle associated claims by the U.S. Virgin Islands, where Epstein owned 2 islands.
Rakoff onOct 20 offered last approval to a comparable $75 million settlement in between Epstein’s accusers and Deutsche Bank ( DBKGn.DE), where Epstein banked after JPMorgan fired him.
Epstein passed away in a Manhattan prison cell in 2019 at age 66 while waiting for trial on sex trafficking charges. New York City’s medical inspector ruled the death a suicide.
Ghislaine Maxwell, Epstein’s previous sweetheart and long time partner, is serving a 20- year jail sentence after being founded guilty in December 2021 of recruiting and grooming teenage women for him to abuse. She is appealing her conviction.
