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How JPMorgan Enabled the Crimes of Jeffrey Epstein
Key Excerpts from Article on Website of New York Times
Posted: September 27th, 2025
https://www.nytimes.com/2025/09/08/magazine/jeffrey-epstein-...
Jeffrey Epstein ... helped JPMorgan orchestrate an important acquisition. He introduced executives to men who would become lucrative clients, like the Google co-founder Sergey Brin, and to global leaders, like Prime Minister Benjamin Netanyahu of Israel. At Epstein’s behest, JPMorgan set up accounts — into which he routinely transferred huge sums — for young women who turned out to be victims of his sex-trafficking operations. It wired his funds overseas. It even paid him millions of dollars. But in the summer of 2019, Epstein was arrested. Federal prosecutors charged him with sex trafficking. JPMorgan went into damage-control mode. It filed a report with federal regulators that retroactively flagged as suspicious some 4,700 Epstein transactions — totaling more than $1.1 billion and including hundreds of millions of dollars in payments to Russian banks and young Eastern European women who were brought to the United States. Banks are required to file such reports in real time to alert law enforcement to things like money laundering, sex trafficking and drug dealing. Doing it after the fact might have provided JPMorgan with legal cover, but it did nothing to help identify Epstein’s crimes as they were happening. The fallout for JPMorgan has been limited. In 2023, it paid $290 million to settle a lawsuit brought by roughly 200 of Epstein’s victims and an additional $75 million to resolve related litigation brought by the U.S. Virgin Islands.
Note: This article is also available here. According to a Guardian article, "Epstein introduced [JPMorgan] bank executives to some figures who would become clients, including the Google co-founder Sergey Brin, and to global leaders, such as the Israeli prime minister, Benjamin Netanyahu, Bill Gates, Elon Musk and the Emirati billionaire Sultan Ahmed bin Sulayem." Read our comprehensive Substack investigation covering the connection between Epstein’s child sex trafficking ring and intelligence agency sexual blackmail operations.
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