New court disclosures indicate that federal authorities knew about over $1 billion in suspicious “human trafficking” transactions connected to Jeffrey Epstein, the notorious financier and sex offender.
The revelations date back 16 years and emerged in the wake of Epstein’s death in 2019, shedding new light on the notorious criminal’s sinister activities.
During a hearing at a Manhattan federal court on Thursday, lawyer Mimi Liu, representing the U.S. Virgin Islands, made the explosive revelation, CNBC reported.
Liu argued that JPMorgan Chase, the largest bank in the United States, had notified the Treasury Department about these transactions after Epstein’s death. She stated, “Epstein’s entire business with JPMorgan and JPMorgan’s entire business with Epstein was human trafficking.”
She made this assertion while advocating for a summary court judgment in favor of the plaintiffs, the U.S. Virgin Islands. The $190 million lawsuit alleges that the bank played a role in facilitating Epstein’s sex trafficking of young women during his time as a JPMorgan customer between 1998 and 2013, according to the Daily Mail.
Liu pointed out a series of transactions totaling to $9 million related to payments to women and questionable withdrawals from Epstein’s accounts at the bank, CNBC reported.
The transactions were reportedly linked to the facilitation of over 20,000 sexual encounters, given that Epstein would pay several hundred dollars for each sexual liaison.
“JPMorgan was a full-service bank for Jeffrey Epstein’s sex trafficking,” Liu asserted during the hearing.
Epstein was awaiting trial on federal sex trafficking charges when he died in a Manhattan jail cell, an incident officially classified as a suicide.
The Virgin Islands alleged that the bank maintained a business relationship with Epstein for an extended period, disregarding multiple internal warning signs and his 2008 admission of guilt in a Florida sex crime, according to CNBC.
Liu argued that as early as 2006, the bank had garnered extensive financial data related to Epstein, which served to substantiate his involvement in “sex crimes involving children.”
JPMorgan, for its part, has denied any knowledge of Epstein’s involvement in a sex trafficking operation during his tenure as their client.
The bank has retaliated with allegations of its own, claiming that high-ranking officials in the territory extended favors to Epstein, including tax concessions, and waived “sex-offender monitoring requirements” in exchange for financial incentives, The Daily Beast reported.
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