JPMorgan resisted ditching Jeffrey Epstein as client despite child sex charges because he brought wealthy clients to bank including Google co-founder Sergey Brin, lawsuit claims
JPMorgan Chase viewed Jeffrey Epstein as ‘too big to fail’ and retained him as a client due to his connections to the rich and powerful, including Google founders Sergey Brin and Larry Page, according to a new court filing.
The US Virgin Islands unveiled the new accusations in a court memorandum on Monday, as part of its lawsuit against JPMorgan over the bank’s ties to former client Epstein.
The territory is suing JPMorgan for at least $190 million, saying the bank ignored red flags about convicted sex offender Epstein because he was a wealthy and lucrative client from 1998 to 2013.
The bombshell new filing claims that Epstein introduced Page and Brin to JPMorgan executive Jes Staley by 2003, and that Brin went on to become one of JPMorgan’s wealthiest and most lucrative clients.
JPMorgan countered that the US Virgin Islands itself was to blame for Epstein’s sexual abuse of young women and teenage girls, saying the territory used its powers to enable these crimes.
JPMorgan Chase viewed Jeffrey Epstein as ‘too big to fail’ and retained him as a client due to his connections to the rich and powerful, a new court filing claims
The bank accused the territory of facilitating visas that allowed Epstein to bring victims, and of “looking the other way” whenever Epstein arrived at local airports accompanied by young women and girls.
“Rather than account for its own failures to investigate and monitor this criminal under its jurisdiction and to protect its citizens and sovereign interests, USVI blames a third-party bank that did not have USVI’s authority to enforce any law, nor USVI’s knowledge of Epstein’s crimes in USVI’s territory, and seeks to pursue such claims at the expense of dragging Epstein’s victims through yet more litigation,” the bank said.
Both sets of accusations were made in dueling Monday night filings in Manhattan federal court.
Developing story, more to follow.
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