JPMorgan Chase has agreed to pay $US75 million ($117 million) to the US Virgin Islands to settle claims that it facilitated the activities of Jeffrey Epstein, the convicted sex offender who died by suicide in 2019, according to a statement released by the bank on Tuesday.
The tentative settlement comes just weeks before a scheduled trial in federal court in New York City on the US territory’s claim that the bank enabled Epstein’s sex-trafficking operation of teenage girls and young women for nearly 15 years.
