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JPMorgan Chase has reached a settlement in a class action lawsuit with victims of financier Jeffrey Epstein.

Epstein was arrested in 2019 on federal charges accusing him of paying underage girls hundreds of dollars in cash for massages and then molesting them at his homes in Florida and New York. He was found dead in jail on Aug. 10 of that year, at age 66. A medical examiner ruled his death a suicide.

The lawsuit filed in Manhattan federal court in November sought to hold JPMorgan financially liable for Epstein’s decades-long abuse of teenage girls and young women. A related lawsuit has been filed in the U.S. Virgin Islands.

Terms of the settlement were not disclosed.

RELATED: Jeffrey Epstein-related suit: Virgin Islands says it can’t find Google co-founder Larry Page

"The parties believe this settlement is in the best interests of all parties, especially the survivors who were the victims of Epstein’s terrible abuse," the bank said in a statement on Monday.

Litigation is still pending between the U.S. Virgin Islands and JPMorgan Chase, as well as JPMorgan Chase’s claims against former executive, Jes Staley.

Jeffrey Epstein’s former home on the island of Little St. James in the U.S. Virgin Islands. (Emily Michot/Miami Herald/Tribune News Service via Getty Images)

According to the lawsuits, JPMorgan provided Epstein loans and regularly allowed him to withdraw large sums of cash from 1998 through August 2013 even though it knew about his sex trafficking practices.

Both lawsuits were filed after New York state in November enacted a temporary law letting adult victims of sexual abuse to sue others for the abuse they suffered, even if the abuse occurred long ago.

The bank has denied the allegations and sued Staley, saying he hid Epstein’s crimes to keep him as a client.

JPMorgan CEO Jamie Dimon has testified that he never heard of Epstein and his crimes until the financier was arrested in 2019, according to a transcript of the videotaped deposition released last month.

The settlement is subject to court approval.

Shares of JPMorgan rose slightly before the market open.

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XRP to $4 next? SBF’s parents seek Trump pardon, and more: Hodler’s Digest, Jan. 26 – Feb. 1

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El Salvador purchases 2 additional BTC in a single day

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UK

Man and woman arrested over deaths of two children in Essex crash after car failed to stop

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5 hours ago

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February 1, 2025

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Man and woman arrested over deaths of two children in Essex crash after car failed to stop

A man and a woman have been arrested after two children died following a crash in Essex.

Police said a car failed to stop after a collision involving a girl and a boy in Basildon on Saturday evening.

Emergency services attended the scene in Walthams Place, Pitsea, but both children died.

A man and a woman were arrested on suspicion of causing death by careless driving and failing to stop at the scene of a collision, Essex Police said.

They both remain in custody.

Temporary Assistant Chief Constable Stuart Hooper said: “My thoughts are with the friends and family of the girl and boy who have died this evening.

“Specialist officers are supporting them at this truly unimaginably difficult time.

“Our officers will be carrying out enquiries in the area this evening to establish the circumstances which led up to the collision so if you saw anything or have any information please get in contact.”

Police were called to the scene at around 6.25pm and officers are appealing for information, CCTV, dashcam or other footage to come forward.

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