Senate Dem Demands Probe into JP Morgan's Ties to Serial Sex Trafficker Jeffrey Epstein
A damning report from Senator Ron Wyden, D-Ore., has sent shockwaves through JP Morgan Chase as he alleges the bank may have knowingly underreported suspicious transactions related to convicted sex offender Jeffrey Epstein for nearly two decades. The Senate Finance Committee Ranking Member has called for a full-scale investigation into JP Morgan's complicity in Epstein's crimes.
According to Wyden's report, which cites unsealed court documents, JP Morgan Chase waited until after Epstein's arrest and death in 2019 to fully report on $1.3 billion in suspicious activity reports (SARs) filed between 2002 and 2016. The delay was allegedly due to a desire by bank executives to continue working with Epstein.
"Emails raise the possibility that this was due to JPMC executives' desire to continue working with Epstein," Wyden's report states, citing communications in the court documents.
The bank has expressed regret over its association with Epstein but claims it cooperated fully with law enforcement after the sex trafficking details were made public. However, the House Oversight Committee has issued a subpoena demanding certain records related to Epstein, including information on over 4,700 flagged SARs.
Wyden is calling for JP Morgan to face "criminal investigation" for its alleged complicity in Epstein's horrific crimes, stating that "complicit banks ought to be investigated... as should anybody who helped Epstein traffic his victims or took part in the abuse."
The revelations have sparked intense scrutiny of JP Morgan Chase's financial ties to Epstein, with many calling for greater accountability from the bank. As the investigation unfolds, questions remain about how far-reaching the bank's complicity may have been and whether other institutions also played a role in enabling Epstein's crimes.
The Senate Finance Committee report has shed new light on JP Morgan's alleged failure to disclose suspicious transactions related to Epstein, raising concerns about the bank's commitment to compliance and its willingness to prioritize profits over public safety.
A damning report from Senator Ron Wyden, D-Ore., has sent shockwaves through JP Morgan Chase as he alleges the bank may have knowingly underreported suspicious transactions related to convicted sex offender Jeffrey Epstein for nearly two decades. The Senate Finance Committee Ranking Member has called for a full-scale investigation into JP Morgan's complicity in Epstein's crimes.
According to Wyden's report, which cites unsealed court documents, JP Morgan Chase waited until after Epstein's arrest and death in 2019 to fully report on $1.3 billion in suspicious activity reports (SARs) filed between 2002 and 2016. The delay was allegedly due to a desire by bank executives to continue working with Epstein.
"Emails raise the possibility that this was due to JPMC executives' desire to continue working with Epstein," Wyden's report states, citing communications in the court documents.
The bank has expressed regret over its association with Epstein but claims it cooperated fully with law enforcement after the sex trafficking details were made public. However, the House Oversight Committee has issued a subpoena demanding certain records related to Epstein, including information on over 4,700 flagged SARs.
Wyden is calling for JP Morgan to face "criminal investigation" for its alleged complicity in Epstein's horrific crimes, stating that "complicit banks ought to be investigated... as should anybody who helped Epstein traffic his victims or took part in the abuse."
The revelations have sparked intense scrutiny of JP Morgan Chase's financial ties to Epstein, with many calling for greater accountability from the bank. As the investigation unfolds, questions remain about how far-reaching the bank's complicity may have been and whether other institutions also played a role in enabling Epstein's crimes.
The Senate Finance Committee report has shed new light on JP Morgan's alleged failure to disclose suspicious transactions related to Epstein, raising concerns about the bank's commitment to compliance and its willingness to prioritize profits over public safety.