Daily Mail News UK
By KEITH GRIFFITH FOR DAILYMAIL.COM
PUBLISHED: 10:12 EDT, 26 September 2023 | UPDATED: 11:50 EDT, 26 September 2023
JPMorgan Chase has agreed to pay $75 million to settle a lawsuit brought by the US Virgin Islands over the bank’s client relationship with sex predator Jeffrey Epstein, and separately resolved its claims against former executive Jes Staley.
The bank confirmed the settlements in a statement to DailyMail.com on Tuesday morning, saying it did not admit liability as part of the deal, but ‘deeply regrets’ working with Epstein.
The USVI settlement includes $30 million that will go towards charity groups that work to combat sex trafficking, $25 million to the territory’s government to fund law enforcement, and $20 million in attorneys fees.