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International Business Times UK
International Business Times UK
World
Rohit David

JP Morgan Scandal: How Did Banking Giant Get Involved In The Epstein Files?

JP Morgan enabled Jeffrey Epstein's crimes with $1.1B transactions post-conviction. (Credit: Wewe Yang: Pexels)

In the shadowy world of global finance, JP Morgan's deep ties to Jeffrey Epstein have resurfaced with disturbing force. Newly unsealed documents, revealed in a New York Times investigation on 8 September 2025, exposed how the banking giant ignored red flags surrounding the convicted sex offender's activities.

The report detailed a web of suspicious transactions worth over £717 million ($1.1 billion), some processed even after Epstein's 2008 guilty plea for soliciting a minor. Executives like Jes Staley defended the disgraced financier despite internal warnings, prioritising profits from his estimated £130 million ($200 million) deposits. The scandal now casts a harsh spotlight on the bank's role in enabling potential sex trafficking.

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