JPMorgan Chase CEO Jamie Dimon had repeatedly insisted that he and his bank had nothing to do with Jeffrey Epstein’s criminal sex-ring with underaged girls, until his sudden agreement on June 12 that the bank is paying a whopping $290 million to “Jane Doe 1,” a girl abused by Epstein (and by who else, it could be asked?) over many years.
Why the sudden admission and mega-bucks payout? Pam and Russ Martens point out in their Wall Street On Parade column on June 13 that “Jane Doe 1 was able to become a multiple threat to JPMorgan Chase (JPMC) because (on Monday) Judge Rakoff entered an Opinion and Order certifying the case as a Class Action. Rakoff’s order explained the broad scope of the class being certified as follows: ‘All women who were sexually abused or trafficked by Jeffrey Epstein during the time when JP Morgan maintained [accounts] for Epstein and/or Epstein-related entities, which included January 1, 1998, through on or about August 19, 2013, both dates inclusive, and continuing to the time of Epstein’s death on August 10, 2019.’ To put it bluntly, JPMorgan Chase was now facing the prospect of women from around the globe who had been trafficked or sexually assaulted by Jeffrey Epstein over the span of 21 years coming forward with potentially new and more incriminating evidence implicating the bank.”
The Martenses add that the U.S. Virgin Islands (Epstein’s private sex-island is actually part of the Virgin—no pun intended—Islands) have their own case over the bank “aiding and abetting Epstein’s sex trafficking by functioning as a cash conduit for Epstein.” That case is also being heard by Judge Rakoff.
