The US Virgin Islands unveiled new accusations towards JP Morgan over the financial institution’s ties to former shopper Jeffrey Epstein, together with executives discussing how the disgraced late financier surrounded himself with “nymphettes”.
JP Morgan countered that the US Virgin Islands was additionally responsible for permitting Epstein’s sexual abuse of younger girls and teenage women, saying the territory used its powers to allow these crimes.
The financial institution accused the territory of facilitating visas that allowed Epstein to deliver victims, and of “trying the opposite manner” each time Epstein arrived at native airports accompanied by younger girls and women.
Each units of accusations have been made in dueling Monday night time filings in Manhattan federal court docket.
The US Virgin Islands is suing JP Morgan for not less than $190m, saying the financial institution ignored purple flags about Epstein as a result of he was a rich and profitable shopper from 1998 to 2013.
Forward of a scheduled 23 October trial, the USVI desires a choose to declare that JP Morgan participated in Epstein’s intercourse trafficking and obstructed legislation enforcement.
Its filings embody many new particulars in regards to the New York-based financial institution’s alleged conduct, together with greater than $25m of funds to Epstein’s affiliate Ghislaine Maxwell, and lots of of hundreds of {dollars} paid to Epstein’s victims.
In addition they quoted a September 2012 e mail from a senior JP Morgan govt to Mary Erdoes, now the financial institution’s asset and wealth administration chief, evaluating one other shopper’s home to Epstein’s.
“Jogged my memory of JE’s home, besides it was extra tasteful, and fewer nymphettes,” the manager wrote. “Extra just like the Frick [museum]. Artwork was fabulous.”
“Wow,” Erdoes responded.
JP Morgan, in distinction, desires the choose to declare that the US Virgin Islands shouldn’t be capable of search financial reduction, and that the territory’s declare the financial institution obstructed legislation enforcement be denied.
The financial institution has already faulted the USVI for having a comfortable relationship with Epstein, the place prime officers gave him tax breaks and waived sex-offender monitoring necessities in alternate for money and items.
Epstein had owned two personal islands inside the territory, and allegedly purchased the second to maintain folks from spying on his sexual abuses on the primary.
The US Virgin Islands has already obtained greater than $105m from Epstein’s property, and reached a settlement with billionaire Leon Black, a former Epstein buddy.
JP Morgan agreed final month to pay $290m to settle a separate lawsuit by dozens of Epstein accusers.
Epstein died by suicide in August 2019 in a Manhattan jail whereas awaiting trial for intercourse trafficking.
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Info and assist for anybody affected by rape or sexual abuse points is out there from the next organisations. Within the US, Rainn provides assist on 800-656-4673. Within the UK, Rape Disaster provides assist on 0808 500 2222. In Australia, assist is out there at 1800Respect (1800 737 732). Different worldwide helplines will be discovered at ibiblio.org/rcip/internl.html.
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