New legal filings have accused JPMorgan of allegedly withholding crucial transaction records related to Jeffrey Epstein and his associates. According to the documents, more than 9,000 transactions totaling over $2.4 billion were made by the bank to “Epstein-related persons” between 2005 and 2019.
Despite cutting ties with Jeffrey Epstein as a client in 2013, JPMorgan reportedly continued transferring funds to women and girls within his inner circle, with the total amount surpassing $1 million. The allegations have surfaced in connection with an ongoing case in Manhattan’s federal court.
The United States Virgin Islands (USVI) lawyers have claimed that JPMorgan failed to provide a comprehensive overview of Epstein’s banking activities, including data from an internal investigation known as “Project Jeep,” which the bank initiated after Epstein’s arrest for sex trafficking in 2019.
Among the transactions uncovered in the new filings are payments to multiple individuals connected to Epstein, including JPMorgan executive Jes Staley, billionaire Leon Black, and Boris Nikolic, an adviser to Microsoft founder Bill Gates, who was listed as a backup executor in Epstein’s will.
The USVI’s letter to the Manhattan federal judge alleges that JPMorgan has declined to address inquiries regarding the transactional data. The records indicate that JPMorgan handled over $1.1 million in payments from Epstein to women, many with Eastern European surnames, even after the bank terminated its relationship with the convicted sex offender. Furthermore, more than $320,000 in payments were made to various individuals, whose identities had not been previously disclosed by JPMorgan.
JPMorgan responded by stating that the information was not disclosed earlier because it was not part of a custodial production and did not pertain to individuals specifically identified as connected to Epstein, as claimed by the USVI.
The allegations have raised serious concerns about the bank’s involvement in transactions related to Epstein and have prompted calls for a thorough investigation into JPMorgan’s actions during this period. The court proceedings are expected to shed further light on the matter as the case unfolds.