JPMorgan Chase agrees to pay $290 million to Epstein trafficking survivors after court finds bank facilitated abuse

JPMorgan Chase agreed on June 12, 2023 to pay $290 million to settle a class-action lawsuit brought by survivors who alleged the bank knowingly facilitated Epstein's sex trafficking operation by processing payments and ignoring internal compliance warnings about his accounts. A federal judge in the Southern District of New York approved the settlement in November 2023. Deutsche Bank reached a separate $75 million settlement with a different Epstein survivor class in October 2023. Both settlements came after internal bank documents showed compliance officers had flagged Epstein's account activity as suspicious while executives overrode the warnings to preserve the banking relationship.