NEW YORK — The U.S. Virgin Islands is seeking at least $190 million in damages from JPMorgan Chase in a lawsuit alleging the bank benefited financially from disgraced financier Jeffrey Epstein’s sex trafficking enterprise as well as neglected to report suspicious financial activity.
In a filing in federal court in Manhattan, the territory on Friday demanded that JPMorgan Chase shell out $150 million in civil penalties and $40 million in fees and revenues that Epstein generated for the bank while he was a client there.
The Virgin Islands government further requested the bank implement an independent compliance consultant and safeguards to prevent human trafficking in the future, as well as separate its business and compliance functions.
