Virgin Islands says JPMorgan should pay damages within the Epstein case

Norman Ray

World Courant

The US authorities Virgin Islands in a court docket submitting Friday estimated it can search damages of no less than $190 million JPMorgan Chase in a court docket case accusing the large financial institution of facilitating intercourse trafficking by its former longtime consumer Jeffrey Epstein.

The Virgin Islands additionally stated it desires an order requiring JPMorgan to take a sequence of steps to guard younger ladies and ladies from different predators sooner or later.

“This set of suggestions goals to deal with the identical core situation: JPMorgan’s data of
and Epstein’s failure to report the trafficking as a result of it lacked the financial incentive and motivation
to place compliance with the regulation and prevention of human trafficking forward of its personal earnings,” the submitting stated within the US District Court docket in Manhattan.

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“Monetary sanctions, in addition to behavioral adjustments, are vital in ensuring JPMorgan Chase is aware of the price of placing its personal revenue earlier than public security,” Smith stated.

She stated that if the Virgin Islands wins their lawsuit, they may use the financial damages they obtain “to assist efforts to strengthen, inform and broaden native regulation enforcement and enhance Virgin Islands providers for victims of human trafficking and different to enhance victims of crime.”

A spokeswoman for JPMorgan, when requested for touch upon the submitting, stated it seems to be the primary time the financial institution’s attorneys have mentioned a doable settlement of the lawsuit with Virgin Islands attorneys, which might see a lawsuit prevented.

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