US bank JPMorgan Chase has reached an “agreement in principle” with the victims of the late financier Jeffrey Epstein who are accused of child sexual exploitation, the financial institution said in a statement Monday.
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“The parties believe this agreement is in the best interests of all parties, particularly the victims who survived the horrific abuse of Mr. Epstein,” they said in a joint statement.
The class action lawsuit, which has been filed since 2022 by a woman whose identity has not been released, accused JPMorgan Chase of facilitating Jeffrey Epstein’s actions by allowing him to fund his activities. Charges rejected by the bank.
Financial details of the agreement were not disclosed.
Legal action is also ongoing with the US Virgin Islands government, which JPMorgan has sued for the same reasons.
Jeffrey Epstein was sentenced to 13 months in prison in 2008 for leading young girls into prostitution in Florida. This came out of a secret agreement with a prosecutor that allowed him to avoid federal prosecution.
In 2019, he was charged and arrested for several years organizing a network of dozens of young girls under his influence with whom he had sexual relations at his numerous properties. A few weeks later he committed suicide in prison before being judged.