JPMorgan wealth CEO Erdoes says bank knew of Epstein sex accusations in 2006, USVI alleges

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JPMorgan wealth CEO Erdoes says bank knew of Epstein sex accusations in 2006, USVI alleges

The indictment against Jeffery Epstein was announced on July 8, 2019 in New York City. Epstein faces one charge of child sex trafficking and one charge of conspiracy to sex traffick a child.

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JPMorgan Chase was aware in 2006 of allegations that disgraced former financier Jeffrey Epstein paid to have underage girls brought to his home, according to the latest allegations in a high-profile legal case.

A filing released Wednesday as part of a lawsuit launched by the US Virgin Islands last year included new revelations about internal discussions at the US’s largest bank over assets tied to Epstein, who died by apparent suicide in 2019.

Erdoes, a veteran JPMorgan executive who became head of the giant bank’s wealth and asset management division in 2009, was recently ousted in the case.

She “admitted in her testimony that by 2006, JP Morgan was aware that Epstein was accused of paying cash to have underage girls and young women brought to her home,” the filing reads.

Erdoes was referring to allegations from news reports, according to a person familiar with the matter. New York-based JPMorgan declined to comment on the filing.

Additionally, in 2006, JPMorgan compliance officers found that Epstein “routinely” made large cash withdrawals totaling over $750,000 per year, according to the complaint.

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