“Relationship Managers” Handled Collapsed Silvergate and Signature Banks’ Crypto Accounts; Citibank’s Dictator Accounts; and JPMorgan’s Jeffrey Epstein Accounts
A dangerous malignancy has been growing on the U.S. banking system for at least two dozen years: It’s the job function benignly called the “Relationship Manager.”
In October 2013, Carmen Segarra, a lawyer and former Bank Examiner at the Federal Reserve Bank of New York, filed a federal […]
JPMorgan says it’s reached a settlement with Jeffrey Epstein’s victims for $290 million in a sex trafficking lawsuit
https://www.post-gazette.com/news/crime-courts/2023/06/12/jpmorgan-epstein-settlement-victims-sex-trafficking/stories/202306120079
The lawsuit filed in Manhattan federal court in November sought to hold JPMorgan financially liable for Epstein’s decades-long abuse of teenage girls and young women. A related lawsuit has been filed in the U.S. Virgin Islands.
The proposed settlement comes roughly two weeks after JPMorgan Chase CEO Jamie Dimon testified in a deposition for the case, where he denied knowing about Epstein and his crimes until the financier was arrested in 2019, according to a transcript of the videotaped deposition released last month.
“We all now understand that Epstein’s behavior was monstrous, and we believe this settlement is in the best interest of all parties, especially the survivors, who suffered unimaginable abuse at the hands of this man,” JPMorgan Chase said in a written statement early Monday.
The proposed settlement, which must still be approved by the judge in the case, totals $290 million, according to lead plaintiff attorney David Boies.