Music News

JP Morgan to Pay $75 Million In the Jeffrey Epstein Suit

JPMorgan Chase has agreed to pay $75 million to settle a civil lawsuit from the US Virgin Islands over claims that it facilitated Jeffrey Epstein’s sex trafficking operation.

The financial institution said in a statement Tuesday that it would donate $30 million to charitable organizations in the US Virgin Islands that address “social ills, including fighting human trafficking and other sex crimes” and help their survivors. Another $25 million will go toward building up law enforcement on the island, according to the statement.