JP Morgan has settled a lawsuit brought against them by a survivor of Jeffrey Epstein’s sex crimes who accused the bank of facilitating the infamous pedophile’s abuse of dozens of girls and young women.
“Settlement is in the best interests of all parties, especially the survivors who were the victims of Epstein’s terrible abuse,” the bank and lawyers for the victims wrote in a joint statement, reported Fox Business.
While the statement did not reveal a settlement amount publicly, Reuters cited a “person familiar” with the agreement who said the bank would pay roughly $290 million. The payment will go out to roughly 100 women who were victims of Epstein’s.
“We all now understand that Epstein’s behavior was monstrous, and we believe this settlement is in the best interest of all parties, especially the survivors, who suffered unimaginable abuse at the hands of this man,” JP Morgan wrote in a statement.
“Any association with him was a mistake and we regret it. We would never have continued to do business with him if we believed he was using our bank in any way to help commit heinous crimes,” the bank added.
The agreement comes just a few days after the lawyers for the victim asked a federal judge to allow them to depose JP Morgan CEO Jamie Dimon for a second time.
“The filing says that after Dimon’s deposition, JPMorgan ‘produced 1,500 documents, some of which came from the custodial files of witnesses whose depositions had long passed,’” wrote CNBC.
The suit argued that the bank facilitated and financially benefited from Jeffrey Epstein’s sex trafficking schemes while he was one of their customers.
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