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

    Photo: Phil Hauser [via Unsplash]

    The 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.

    • 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.

    The Spin

    Narrative A

    JPMorgan is hitting back against the US Virgin Islands, exposing how the territory's officials were complicit in Jeffery 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

    Though JPMorgan may be trying to shift blame for its role in Jeffery 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 Virigin Island's, America's largest bank cannot deny its extensive relationship with Epstein.

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