A bombshell lawsuit states that senior managers at the bank ‘joked about (Epstein’s) interest in young girls’ including Cyrus in 2008 when she was still starring in the Disney TV series Hannah Montana.
Staff at JP Morgan were accused of making light of the pedophile’s activities in a case filed against it by the government of the US Virgin Islands.
The lawsuit also alleges that at least 20 victims were paid through Epstein’s accounts with JP Morgan in excess of $1m.
One women who Epstein ‘bought’ when she was 14 was paid $600,000, the documents claim.
The USVI government sued JP Morgan and Deutsche Bank in December accusing the banks of turning a blind eye to Epstein’s sex trafficking of underage girls despite myriad red flags.
Both banks deny wrongdoing.
The amended complaint from the USVI, where Epstein had a private island, says that JP Morgan ‘obstructed’ investigations into Epstein and its relationship to the bank.
Executives emailed internally about his abuse during the course of their relationship with him, which ran from 1998 to 2013, including after he served 15 months for soliciting and underage girl for sex in 2008.
They included Mary Erdoes – chief executive of JP Morgan’s Asset & Wealth division.
The document states: ‘Internal emails questioned who Epstein’s clients were.
‘Indeed, Epstein’s behavior was so widely known at JPMorgan that senior executives joked about Epstein’s interest in young girls.
‘In 2008, for example, Mary Erdoes received an email asking her whether Epstein was at an event ‘with miley Cyrus’.
The USVI alleges that JP Morgan did not follow the requirements for reporting suspicious transactions because if they did it would have ‘prevented Epstein’s secret cash transactions that were necessary to his sex-trafficking operation from escaping knowledge of federal investigative and prosecuting agencies’.