Tyler Durden reported that US Virgin Islands Attorney General Denise George filed a lawsuit against JPMorgan for allegedly profiting from Jeffrey Epstein’s sex-trafficking operation, less than a month after securing a $105 million settlement with Epstein’s estate, which agreed to liquidate Epstein’s islands and cease business operations in the region.
Governor Albert A. Bryan Jr. sacked George three days later for reportedly launching the lawsuit against JPMorgan without his consent, Durden said for Zero Hedge, adding:
According to the complaint, for “Over more than a decade, JPMorgan clearly knew it was not complying with federal regulations in regard to Epstein-related accounts as evidenced by its too-little too-late efforts after Epstein was arrested on federal sex trafficking charges and shortly after his death, when JPMorgan belatedly complied with federal law.”
“Sued By Virgin Islands Over Jeffrey Epstein’s Alleged Sex-Trafficking Operation,” zerohedge (@zerohedge) posted on Twitter on December 29, 2022.
JPMorgan Sued By Virgin Islands Over Jeffrey Epstein's Alleged Sex-Trafficking Operation https://t.co/d8tH2eytdE
— zerohedge (@zerohedge) December 29, 2022
It goes well beyond simply the JPMorgan case…
Durden’s report went on into further details:
The lawsuit against JPMorgan Chase was not the entirety of George’s pursuit of Epstein’s other collaborators. Even though Little St. James (“Pedo Island”) and the neighbouring island owned by the Epstein estate were put up for sale in March 2022, George’s actions prevented the deal from proceeding. In her prior post as Attorney General of the US Virgin Islands, she imposed criminal activity liens on the islands as a result of a civil racketeering case. In 2020, following Epstein’s “death” in August of 2019, this lawsuit was filed. The lawsuit said that Epstein exploited Little St. James Island as part of a network of front businesses to conceal the operations of his human trafficking network.
However, the Epstein estate and George’s office resolved this lawsuit in early December 2022. Under the terms of the arrangement, Epstein’s estate will compensate the government of the US Virgin Islands with about $105 million. In addition to this amount, the liens barring the sale of Epstein’s islands are erased on the condition that the US Virgin Islands get half of the revenues from the sale through a trust it has established to assist government initiatives to combat sexual abuse on the archipelago. “This settlement restores the trust of the people of the Virgin Islands in the impartial enforcement of their laws against those who violate them. “We are sending a strong message that the Virgin Islands will not serve as a safe haven for human trafficking,” Attorney General George remarked following the settlement’s announcement as one of her final acts before being sacked.
Even though the US Virgin Islands’ direct lawsuit against the Epstein estate’s assets has been resolved, issues remain regarding its operations in George’s jurisdiction. Epstein founded the first globally operational bank in the U.S. Virgin Islands in 2014 when he established Southern Country International, one of the most enigmatic and perhaps crucial to investigate shell corporations. When John Percy de Jongh Jr. was governor of the territory, the bank opened. During his administration, de Jongh appointed current governor Albert A. Bryan Jr. as Commissioner of the US Virgin Islands Department of Labor. Despite the company’s lack of activity, Southern Country International renewed its license with the US Virgin Islands five times before Epstein’s alleged demise.
By the time Epstein passed away, his bank in the Virgin Islands had less than $700,00 in assets. However, Epstein’s estate sent a staggering $15.5 million to Southern Country International in December of 2019, months after his alleged suicide. In less than one month, the bank’s assets fell to less than $500,000 Mark Epstein, brother of Jeffrey and executor of his estate, indicated that the bank was used to pay off the existing obligations of the assets he managed. Even though the bank was not explicitly mentioned in the press release announcing the December settlement, that announcement does detail the Virgin Islands’ action against Southern Trust Company, a holding company that indicates a larger scale of Epstein-owned businesses linked to Southern Country International. It is unclear how the charges in George’s case against JPMorgan Chase relate to Epstein’s postmortem banking business in the Virgin Islands.
According to the legal claim filed against Black, the disgraced financier raped the plaintiff in 2002 at Epstein’s residence. A representative for Black stated to Forbes that the allegations made against their client were “categorically untrue.” Their statement to Forbes is identical to that of Deutsche Bank, who informed Forbes that the lawsuit launched against them “lacks merit.” Despite the enormity of these cases, the seriousness of George’s complaint against JPMorgan Chase caused the most commotion in the sluggish waters of the Epstein scandal. However, her dismissal diminishes the likelihood that the waves generated by her final act as attorney general would carry any truth to shore.