JPMorgan To Pay US Virgin Islands $75 Million To Settle Sex-Trafficking Suit

The settlement includes $30 million to support USVI charitable organisations, $25 million to enhance USVI law enforcement to combat human trafficking, and $20 million in attorney fees.

JPMorgan Chase announced Tuesday that it will pay $75 million to settle a US Virgin Islands' (USVI) lawsuit that accused the bank of facilitating Jeffrey Epstein's sex trafficking ring.

The big US bank, which previously reached a $290 million settlement with Epstein's victims, also announced an agreement with former JPMorgan executive Jes Staley for an undisclosed sum.

These cases together resolve the bank's remaining litigation over its embarrassing long-running association with the late Epstein.