Posted by 
JPMorgan Chase has agreed to pay $US75 million ($117 million) to the US Virgin Islands to settle claims the bank enabled the sex trafficking acts of financier Jeffrey Epstein.
JPMorgan said Tuesday that $US55 million ($85.8 million) of the settlement will go toward local charities and assistance for victims. Another $US20 million ($31.2 million) will go toward legal fees.
The Virgin Islands, where Epstein had an estate, sued JPMorgan last year, saying its investigation has revealed that the financial services giant enabled Epstein's recruiters to pay victims and was "indispensable to the operation and concealment of the Epstein trafficking enterprise".
READ MORE: Trashed cars, a body, and a naked man on a boat
Epstein died by suicide in a federal jail in 2019.
More to come.
