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JPMorgan’s long ties with Epstein could prove costly

Two lawsuits claim that the nation’s largest bank ignored signs about Jeffrey Epstein’s sex trafficking because it was profiting from its relationship with him.

Jeffrey Epstein was many things: a sexual predator, a friend to the rich and powerful and, for many years, a lucrative customer of the nation’s largest bank.

Now the bank, JPMorgan Chase, faces a reckoning for its nearly 15-year relationship with the disgraced financier, one that could cost it a big payout in two lawsuits that claim it ignored warnings that he was trafficking teenage girls for sex because it was profiting from its relationship with him.

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    Original URL: https://www.afr.com/companies/financial-services/jpmorgan-faces-reckoning-for-long-ties-with-epstein-20230526-p5dbgk