There was a new ruling in favor of Jeffrey Epstein's victims. JP Morgan agreed to pay victims a financial amount to settle a class action lawsuit against the bank for its ties and business dealings with the sex offender, who was found dead in jail on Aug. 10, 2019.
For the time being, the entity did not disclose the amount, although outlets such as The Wall Street Journal reported that JP Morgan will pay around $290 million to the victims. "Settlement is in the best interests of all parties, especially the survivors who were the victims of Epstein’s terrible abuse. 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," the bank said in a statement.
In addition, JP Morgan acknowledged its ties to Epstein:
Any association with him was a mistake and we regret it. We would never have continued to do business with himx if we believed he was using our bank in any way to help commit heinous crimes.
Another bank forced to compensate Epstein victims
JP Morgan is not the first to have to pay those affected. In May, Deutsche Bank agreed to pay up to $75 million, who were accused of aiding and abetting the late financier's child trafficking and abuse.
Deutsche Bank took on Epstein as a client for five years after JP Morgan dropped him in 2013.
