JPMorgan to Pay $75 Million to Settle Jeffrey Epstein Lawsuit With US Virgin Islands

The bank, which was accused of turning a blind eye to Epstein’s crimes, did not admit any wrongdoing in the settlement.

People pass a sign for JPMorgan Chase at it's headquarters in Manhattan in this file photo. Spencer Platt/Getty Images

JPMorgan Chase has agreed to pay $75 million to the U.S. Virgin Islands (USVI) to resolve a lawsuit over the role the bank allegedly played in Jeffrey Epstein’s sex trafficking scheme.

The settlement includes $30 million to support local charities, $25 million to strengthen law enforcement to combat human trafficking, and $20 million for attorney’s fees, the New York City-headquartered bank said Tuesday.