JPMorgan Found $1 Billion in Epstein Activity, USVI Says (1)

JPMorgan Chase & Co.identified to the federal government more than $1 billion in suspicious transactions linked to Jeffrey Epstein after the financier’s death, the US Virgin Islands has alleged in its lawsuit against the bank.

The financial activity was detailed in a filing to the US Department of Treasury in 2019, a lawyer for the USVI said in federal court in Manhattan on Thursday.

The USVI says the enormous sum that propped up Epstein’s sex trafficking bolsters key allegations in its suit that JPMorgan knowingly benefited from Epstein’s wrongdoing and ignored red flags. It is the first time in ...