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US Virgin Islands says JP Morgan ignored Epstein’s ‘nymphs’

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US Virgin Islands says JP Morgan ignored Epstein’s ‘nymphs’


© Reuters. FILE PHOTO: Homes are seen on Little St. James Island, one of financier Jeffrey Epstein’s properties, near Charlotte Amalie, US Virgin Islands, on August 17, 2019. Reuters/Marco Bello/File Photo

NEW YORK (Reuters) – The U.S. Virgin Islands unveiled new allegations against JPMorgan Chase (NYSE: ) over the bank’s relationship with former client Jeffrey Epstein, with officials discussing how the disgraced late financier surrounded himself with “nymphs.”

JP Morgan countered that the US Virgin Islands were also guilty of allowing Epstein’s sexual abuse of young women and teenage girls, saying the territory used its powers to enable these crimes.

The bank accused the region of facilitating visas that allowed Epstein to bring victims, and of “looking the other way” whenever Epstein arrived at local airports with young women and girls.

Both types of charges were filed during Monday night’s hearing in Manhattan federal court.

The US Virgin Islands is suing JPMorgan for at least $190 million, saying the bank ignored red flags about Epstein because he was a wealthy and lucrative client from 1998 to 2013.

Ahead of the scheduled October 23 trial, the US Virgin Islands wants a judge to declare that JPMorgan participated in Epstein’s sex trafficking and obstructed law enforcement.

Its filing includes several new details about the New York-based bank’s alleged conduct, including payments of more than $25 million to Epstein aide Ghislaine Maxwell and hundreds of thousands of dollars paid to Epstein’s victims.

He also cited a September 2012 email sent by a senior JPMorgan official to Marie Erdoz, now the bank’s head of asset and wealth management, comparing another client’s home to Epstein’s.

The executive wrote, “It reminded me of Jay’s house, except it was tastier, and there were fewer nymphs.” “More like freak [museum], The art was amazing.”

“Wow,” Erdoz replied.

In contrast, JP Morgan wants the judge to declare that the US Virgin Islands should not seek monetary relief, and to deny the territory’s claim that the bank obstructed law enforcement.

The bank has already blamed the US Virgin Islands for cozying up to Epstein, where top officials gave him tax breaks and waived sex-offender surveillance requirements in exchange for cash and gifts.

Epstein owned two private islands within the area, and reportedly bought the second island to prevent people from spying on him about his sexual exploits on the first island.

The US Virgin Islands has already received more than $105 million from Epstein’s estate, and has reached a settlement with billionaire Leon Black, a former friend of Epstein’s.

JPMorgan last month agreed to pay $290 million to settle a separate lawsuit by dozens of Epstein accusers.

Epstein died by suicide in August 2019 while awaiting trial for sex trafficking in a Manhattan prison.

The case is US Virgin Islands v. JPMorgan Chase Bank NA, US District Court, Southern District of New York, No. 22-10904.

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