(ProsperNews.net) – A federal judge approved the settlement for a class-action lawsuit against JPMorgan Chase, providing a $290 million settlement to victims of Jeffrey Epstein. The victims brought the lawsuit against JPMorgan due to the business’ close association with Jeffrey Epstein and billionaire Bill Gates.
The awarded settlement is the second instance of JP Morgan paying a settlement relating to Jeffrey Epstein’s actions. The first settlement provided the United States Virgin Islands with $75 million and stemmed from transfers to Epstein by JPMorgan. The business provided Epstein with around $1 billion in funding for undisclosed reasons. JPMorgan has since admitted that the transfers likely went towards human trafficking.
Bill Gates maintained a close relationship with Jeffrey Epstein before his death, according to various sources. Bill Gates’ ex-wife Melinda discussed the relationship between Epstein and Gates during their divorce, noting that Bill Gates was close with Epstein. Bill Gates claims he wasn’t close with Epstein and denies involvement in Epstein’s heinous crimes.
Jeffrey Epstein met Bill Gates in 2011 after a mutual associate from JPMorgan introduced them. Gates continued associating with Epstein despite Epstein’s 2008 conviction for minor solicitation. According to reports, Gates flew on Epstein’s jet, met the disgraced financier on multiple occasions, and visited Epstein’s home at least three times.
The lawsuit against JPMorgan began last year when a couple of Epstein’s victims filed a complaint against JPMorgan for providing Epstein funding involved in his illegal activities. During the lawsuit, JPMorgan again admitted that the transfers likely contributed to Epstein’s human trafficking. JPMorgan agreed to the $290 million settlement for the victims to avoid a jury trial.
Despite agreeing to settlements with Epstein’s victims and the United States Virgin Islands, JPMorgan claims it had no knowledge of Epstein’s crimes and that it wasn’t involved in the human trafficking scandal. According to disclosures from the trial, JPMorgan repeatedly ignored evidence of Epstein’s crimes and kept him as a client, raising concerns amongst citizens about JPMorgan’s involvement.
JPMorgan sued James Staley, a former chief executive officer at the company, and claimed Staley should pay the total settlement amount due to his alleged involvement with Jeffrey Epstein.
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