(CNN) — The government of the US Virgin Islands filed a lawsuit Tuesday against JPMorgan Chase, alleging the banking giant benefited financially from billionaire Jeffrey Epstein’s sex trafficking and failed in its duty to report suspicious financial activity. .
“Human trafficking was the core business of Epstein’s accounts at JPMorgan,” the lawsuit states.
“For more than a decade, JPMorgan was clearly aware that it was not complying with federal regulations with respect to accounts related to Epstein, as evidenced after Epstein was arrested on federal sex trafficking charges and Time after time, this is evidenced by its efforts of too little and too late. His death, when JPMorgan belatedly complied with federal law,” said the complaint filed by US Virgin Islands Attorney General Dennis George.
The lawsuit claims that JPMorgan Chase failed to make proper regulatory filings that alerted the government to Epstein’s alleged sex trafficking of underage girls through private islands owned in the US Virgin Islands. Could have done
In particular, the government argues that JPMorgan Chase should have looked closer at Epstein as a client after he pleaded guilty in 2008 to prostitution with a minor in Florida.
A spokeswoman for JPMorgan Chase told CNN Wednesday night that the company has no comment on the lawsuit.
The new lawsuit comes less than a month after Attorney General George settled a US Virgin Islands lawsuit against the Epstein estate for more than $105 million, along with an agreement that Heritage would sell Epstein’s islands in the territory. and wind up its business operations there.
Epstein was found dead in his prison cell in 2019. A medical examiner ruled his death a suicide.