{"id":20530,"date":"2023-11-10T15:40:53","date_gmt":"2023-11-10T15:40:53","guid":{"rendered":"https:\/\/sasquatchnewsonline.com\/?p=20530"},"modified":"2023-11-10T15:40:53","modified_gmt":"2023-11-10T15:40:53","slug":"federal-judge-gives-final-approval-to-290m-settlement-between-jpmorgan-chase-and-jeffrey-epsteins-trafficking-victims","status":"publish","type":"post","link":"https:\/\/sasquatchnewsonline.com\/?p=20530","title":{"rendered":"Federal Judge Gives Final Approval to $290M Settlement Between JPMorgan Chase and Jeffrey Epstein\u2019s Trafficking Victims"},"content":{"rendered":"

A long association with Jeffrey Epstein has turned into a bad stain that is very hard to clean away.<\/p>\n

Whether you are politician, monarchy, Hollywood elite, famous academic, or even a Wall Street titan, sooner or later the reckoning comes.<\/p>\n

Just ask the largest US bank, JPMorgan Chase. After roughly a year in pre-trial litigation and negotiations, the financial institution finally seems to have resolved its legal issues regarding its decades long ties to the late convicted sex offender.<\/p>\n

A U.S. Federal judge approved JPMorgan Chase\u2019s\u00a0$290 million settlement with Epstein\u2019s victims, who claimed that bank turned a blind eye to the late financier\u2019s sex trafficking.<\/p>\n

Reuters<\/a> reported:<\/p>\n

\u201cU.S. District Judge Jed Rakoff granted final approval to the deal at a hearing in Manhattan federal court. He had previously\u00a0granted preliminary approval\u00a0to the deal in June, calling it a \u2018really fine settlement\u2019.\u201d<\/p>\n

The settlement\u00a0covers a large group of women, led by a former ballet dancer known only as Jane Doe 1, who said Epstein abused them.<\/p>\n

\u201c<\/em>It followed\u00a0embarrassing disclosures\u00a0that JPMorgan ignored internal warnings and overlooked red flags about Epstein because he had been a valuable client.\u201d<\/p>\n

Epstein was a JPMorgan client from 1998 to 2013, and was kept even after he was imprisoned, having pleaded guilty in a Florida case to soliciting prostitution from a teenage girl.<\/p>\n

\u201cJPMorgan in September\u00a0agreed to pay $75 million\u00a0to settle related claims by the U.S. Virgin Islands, where Epstein owned two islands.<\/p>\n

Rakoff on Oct. 20\u00a0gave final approval\u00a0to a similar $75 million settlement between Epstein\u2019s accusers and Deutsche Bank, where Epstein banked after JPMorgan fired him.\u201d<\/p>\n

JPMorgan did not admit wrongdoing when agreeing to settle.<\/p>\n

The New York Times<\/a> reported:<\/p>\n

\u201cThe money being paid by JPMorgan, the nation\u2019s biggest bank, could provide compensation to nearly 200 victims of Mr. Epstein, according to a legal filing. JPMorgan and lawyers for the victims reached a preliminary settlement in June, averting a potential civil trial in federal court in Manhattan.\u201d<\/p>\n

Judge Jed Rakoff gave final approval to the deal after holding a hearing to \u2018assess the fairness of the settlement\u2019 to the victims.<\/p>\n

The Judge dismissed the concern of 18 state AGs<\/a> that the language of the settlement would preclude them from bringing further litigation o the subject.<\/p>\n

The settlement with the victims is expected to close this chapter in the Epstein \u2018saga\u2019, after JPMorgan Chase and Deutsch Bank also settled civil suits with the government of the Virgin Islands<\/a> over the same issue.<\/p>\n

The year-long controversy centered on the role of big banks in enabling Epstein\u2019s conduct to continue for nearly two decades, and profiting from it.<\/p>\n

\u201c<\/em>Fifteen unidentified victims submitted written declarations in support of the deal. Some, including one who said she was just 13 when Mr. Epstein first sexually assaulted her, wrote about continuing to suffer from depression, anxiety, panic attacks and eating disorders.<\/p>\n

\u2018This case sent a message through this very substantial settlement that banking institutions have a responsibility\u2019, Judge Rakoff said.\u201d<\/p>\n

Read more:<\/p>\n

Jeffrey Epstein Trafficking Ring: JPMorgan Chase Bank Settles With \u2018Jane Doe\u2019 Victim \u2013 Value Is Said to Be $290 Million<\/a><\/p>\n\n

The post Federal Judge Gives Final Approval to $290M Settlement Between JPMorgan Chase and Jeffrey Epstein\u2019s Trafficking Victims<\/a> appeared first on The Gateway Pundit<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

A long association with Jeffrey Epstein has turned into a bad stain that is very hard to clean<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-20530","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"\nFederal Judge Gives Final Approval to $290M Settlement Between JPMorgan Chase and Jeffrey Epstein\u2019s Trafficking Victims - Sasquatch News Online<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sasquatchnewsonline.com\/?p=20530\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Federal Judge Gives Final Approval to $290M Settlement Between JPMorgan Chase and Jeffrey Epstein\u2019s Trafficking Victims - 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