"In June 2023, JP Morgan settled with scores of survivors of Jeffrey Epstein to the tune of $290 million. The bank didn't admit liability in Epstein's international sex-trafficking operation, but it did concede that the women "were the victims of Epstein's terrible abuse." Now, two more banks are being forced to reckon with allegations that they, too, were party to Epstein's crimes."
"The woman, who met Epstein in her native Russia in 2011, says she was trafficked and abused by Epstein until his death in 2019. According to the lawsuit, in 2013, his accountant instructed the woman to open a Bank of America account to allow for money to be wired to cover her rent. The banking transactions, as the suit notes, should have raised red flags with the bank."
""A review of Jane Doe's account history will show incredibly alarming and erratic banking behavior, as Epstein, through one of his loyal employees, would utilize Jane Doe's account, often without her knowledge, to conduct business in amounts that were not typical for Jane Doe, and that would have in fact been impossible based on Jane Doe's income or typical pattern of deposit," the lawsuit alleges."
JP Morgan paid $290 million in June 2023 to survivors of Jeffrey Epstein while denying liability but acknowledging that the women were victims of his abuse. An anonymous survivor has sued Bank of America and BNY Mellon, alleging the banks unlawfully enabled Epstein. The woman met Epstein in Russia in 2011 and alleges trafficking and abuse until 2019. The suit claims Epstein's accountant had her open a Bank of America account in 2013 to receive rent payments and that account activity displayed patterns and amounts inconsistent with her income, which should have triggered red flags. The suits allege institutions prioritized profit over protecting victims.
Read at Jezebel
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