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JP Morgan, The Settlement With Epstein Survivors And The Ramifications That Never Came

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Manage episode 502470138 series 3380507
Content provided by Bobby Capucci. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Bobby Capucci or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
In 2023, JPMorgan Chase paid nearly $365 million in settlements tied to Jeffrey Epstein—$290 million to survivors of his abuse and another $75 million to the U.S. Virgin Islands, which accused the bank of enabling his trafficking operations. Survivors argued the bank ignored glaring red flags while continuing to profit from Epstein as a client. These settlements provided financial compensation but allowed JPMorgan to resolve the cases without admitting wrongdoing or exposing itself to deeper legal liability.
What was expected after such payouts—sweeping institutional reform, regulatory overhauls, or real accountability—never materialized. JPMorgan treated the settlements as a cost of doing business, and because the sums were small relative to its vast revenues, the financial and reputational damage was limited. No new compliance mandates were imposed, no executives faced consequences, and the systemic issues that allowed Epstein to operate remained largely untouched. The money changed hands, but the reckoning never came.
to contact me:
[email protected]
source:
JPMorgan’s Epstein settlement will change how all banks act (afr.com)
Become a supporter of this podcast: https://www.spreaker.com/podcast/the-epstein-chronicles--5003294/support.
  continue reading

1031 episodes

Artwork
iconShare
 
Manage episode 502470138 series 3380507
Content provided by Bobby Capucci. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Bobby Capucci or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
In 2023, JPMorgan Chase paid nearly $365 million in settlements tied to Jeffrey Epstein—$290 million to survivors of his abuse and another $75 million to the U.S. Virgin Islands, which accused the bank of enabling his trafficking operations. Survivors argued the bank ignored glaring red flags while continuing to profit from Epstein as a client. These settlements provided financial compensation but allowed JPMorgan to resolve the cases without admitting wrongdoing or exposing itself to deeper legal liability.
What was expected after such payouts—sweeping institutional reform, regulatory overhauls, or real accountability—never materialized. JPMorgan treated the settlements as a cost of doing business, and because the sums were small relative to its vast revenues, the financial and reputational damage was limited. No new compliance mandates were imposed, no executives faced consequences, and the systemic issues that allowed Epstein to operate remained largely untouched. The money changed hands, but the reckoning never came.
to contact me:
[email protected]
source:
JPMorgan’s Epstein settlement will change how all banks act (afr.com)
Become a supporter of this podcast: https://www.spreaker.com/podcast/the-epstein-chronicles--5003294/support.
  continue reading

1031 episodes

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