JPMorgan: Epstein Received $300M in Tax Incentives From Virgin Islands

Facts

• In recent court filings, JPMorgan Chase has claimed that the Virgin Islands government provided Jeffrey Epstein with over $300M in tax incentives and waived sex offender monitoring requirements so as to protect him.¹
• The newly unredacted allegations came on Tuesday as JPMorgan continues its offensive against the Virgin Islands government, which is suing America's largest bank over its 15-year relationship with the deceased sexual offender.²
• According to the filings, Epstein's Financial Trust Co received $219.8M in tax benefits from the Virgin Islands between 1999 and 2012, and $80.6M from 2013 to 2018.³
• Additionally, JPMorgan claims that former Virgin Islands first lady Cecile deJongh certified Epstein's status as a "bona fide resident" in 2009, even though he was serving a prison sentence for prostitution charges.⁴
• The bank also alleges that, in exchange for bribes and gifts, Virgin Islands executives allowed him to travel without restrictions, despite his status as a sex offender.³
• Last month, JPMorgan accused the Virgin Islands of enabling Epstein's sexual abuse for decades, by accepting money and favors in exchange for shielding his crimes.⁵

Sources: ¹Times, ²Nasdaq, ³Reuters, ⁴The Virgin Islands Daily News, and ⁵ITN.

Narratives

• Narrative A, as provided by Daily Wire. JPMorgan is hitting back against the US Virgin Islands, exposing how the territory's officials were complicit in Jeffrey Epstein's sex trafficking by disregarding his suspicious activity. Epstein used his immense power and wealth to bribe officials, not only into allowing his crimes to be swept under the rug, but also into influencing a change to the territory's sex offender penalties. The Virgin Islands are in no position to sue JPMorgan, given their decades-long relationship with Epstein.
• Narrative B, as provided by Law & Crime. Though JPMorgan may be trying to shift blame for its role in Jeffrey Epstein's sex trafficking they have failed to persuade Judge Rakoff, who has rejected a petition to throw out the case. JPMorgan executives, notably Jes Staley, continued working closely with Epstein even after he was exposed as a monstrous criminal. Regardless of the role of the Virgin Island's, America's largest bank cannot deny its extensive relationship with Epstein.