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JPMorgan settles Epstein lawsuit with US Virgin Islands for $75M

FILE PHOTO: Houses are seen at Little St. James Island, one of the properties of financier Jeffrey Epstein, near Charlotte Amalie, U.S. Virgin Islands August 17, 2019. REUTERS/Marco Bello/file photo

By Nupur Anand, Lananh Nguyen and Jonathan Stempel

JPMorgan Chase reached settlements with the U.S. Virgin Islands (USVI) and former executive Jes Staley to resolve lawsuits over sex trafficking by the disgraced financier Jeffrey Epstein, largely resolving a scandal that has weighed on the largest U.S. bank for months.

The settlements conclude the final pieces of major litigation in a saga involving women who said Epstein sexually abused them, and which embroiled some of the world’s most powerful figures in finance and business.

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