Ecclesiastes 5:8 If you see the extortion[a] of the poor, or the perversion[b] of justice and fairness in the government, [c] do not be astonished by the matter. For the high official is watched by a higher official, [d] and there are higher ones over them! [e]

Important Takeaways:

• JP Morgan agrees to pay Epstein victims $290million in historic class action lawsuit settlement after it was revealed bank continued to do business with him for years despite labeling him a ‘high risk client’
• JP Morgan has agreed to pay Jeffrey Epstein victims up to $290 million as part of a class action lawsuit settlement.
• The bank announced the settlement on Monday without disclosing how much it had agreed to pay, but The Wall Street Journal put the figure at close to $300 million.
• The lawsuit was filed on behalf of one woman but the settlement rewards anyone who was victimized by Epstein, a known pedophile who killed himself in prison in 2019.
• Epstein was a client at the bank between 1998 and 2013 – seven years after he was arrested and convicted of using underage prostitutes in Palm Beach, Florida.
• Bank employees were concerned about Epstein’s large cash withdrawals, some of which were used to pay underage girls in exchange for sex, but he was allowed to remain a client for years.
• According to depositions that were part of the lawsuit, he would regularly withdraw between $40,000 and $80,000 a month.
• The withdrawals rang alarm bells among compliance officials, but he explained them away by claiming they were for fuel and landing fees for his private plane.
• In his absence, the only person to have faced criminal prosecution over his crimes is Ghislaine Maxwell.
• She is currently serving a 20-year prison sentence after being convicted of facilitating the abuse.

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