Banks Accused of Ignoring $1.4 Billion in Suspicious Epstein Transactions

A new report by US policymaker Ron Wyden accuses JPMorgan Chase, Deutsche Bank, and Bank of America of ignoring suspicious transactions linked to convicted sex trafficker Jeffrey Epstein worth over $1.4 billion.

The investigation found that the banks failed to report suspicious activity under the Bank Secrecy Act, instead collecting millions in fees from Epstein.

Court records show JPMorgan earned $8.1 million from Epstein between 2009 and 2014, but only reported over 5,000 suspicious wire transfers worth more than $1 billion after his 2019 arrest.

The report also names 13 bankers who allegedly enabled Epstein's trafficking network, with only one facing consequences so far.