Newly unsealed court records reveal that JPMorgan Chase reported over $1 billion in suspicious transactions linked to Jeffrey Epstein, according to a suspicious activity report filed with US authorities. The report, dated September 26, 2019, came a month after Epstein died by suicide in jail while awaiting trial on sex trafficking charges.
The report details transactions from October 2003 to July 2019 involving Wall Street figures, Russian banks, and Epstein’s former lawyer. Two accounts were linked to Russian banks Alfa Bank and Sberbank. The report flagged these transactions due to media reports about Epstein’s alleged sex trafficking, his use of multiple accounts, and his relationships with two US presidents.
Judge Jed Rakoff ordered the release of these records as part of a lawsuit between the US Virgin Islands and JPMorgan Chase. The bank had previously settled a class-action lawsuit from Epstein’s survivors for $290 million and agreed to pay $75 million to the US Virgin Islands, without admitting wrongdoing.
Emails between Epstein and Jes Staley, a former top official at JPMorgan, were also included in the documents. Staley, who resigned as head of Barclays in 2021, admitted in court to having sex with one of Epstein’s assistants but denied knowledge of Epstein’s activities with underaged girls.
Senator Ron Wyden has requested JPMorgan’s banking records, suggesting the bank turned a blind eye to Epstein’s conduct. However, JPMorgan denies knowledge of Epstein’s activities, stating that its executives acted with integrity and would not have kept Epstein as a client if they had known about his crimes.
The unsealed records continue to fuel public demand for accountability and transparency regarding Epstein’s activities and associations.
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