$87 Million Buys This for Jamie Dimon: David Boies Can't Utter the Words “JPMorgan Chase” in a Jeffrey Epstein Sex Trafficking Case

Wed Feb 28 13:25:59 PST 2024

https://wallstreetonparade.com/2024/02/87-million-buys-this-for-jamie-dimon-david-boies-cant-utter-the-words-jpmorgan-chase-in-a-jeffrey-epstein-sex-trafficking-case/

By Pam Martens and Russ Martens: February 27, 2024 ~

On Friday, February 16, ahead of a three-day weekend, JPMorgan Chase
quietly filed its 10-K (annual report) with the Securities and Exchange
Commission. The document carried the bombshell that the bank had paid an
astonishing $1.4 billon in legal expenses in 2023 – a 426 percent increase
over the prior year’s legal expenses.

While the bank didn’t break down the names of the law firms that received
the lion’s share of those legal expenses, public records can fill in most
of the blanks.

Throughout 2023, JPMorgan Chase was paying the expensive lawyers at
WilmerHale to defend it against a federal lawsuit brought by the David
Boies law firm, Boies, Schiller & Flexner LLP, on behalf of the raped,
assaulted, and sex trafficked underage victims of Jeffrey Epstein. JPMorgan
was also paying WilmerHale lawyers throughout 2023 to defend it against
Epstein-related charges brought by the Attorney General of the U.S. Virgin
Islands. In both cases, the plaintiffs credibly alleged that the bank was
actively-engaged in facilitating Epstein’s criminal sex-trafficking
enterprise by providing the financial services and hard cash necessary to
keep it going while willfully violating its duty to report the cash
transactions to the Financial Crimes Enforcement Network (FinCEN).

Both cases were settled by JPMorgan last year, thus preventing the mountain
of heavily redacted and sealed documents from seeing the light of day in a
jury trial. The Epstein victims’ case was settled for $290 million while
the U.S. Virgin Islands case was settled for $75 million.

Throughout last year’s scandalous headlines, the Chairman and CEO of
JPMorgan Chase, Jamie Dimon, preposterously stuck to the story that he
didn’t know the notorious Epstein was a client at the bank, from at least
1998 to 2013, and likely much longer.

The Boies law firm and another law firm involved in the Epstein victims’
case, Edwards Henderson Lehrman, received $87 million in legal fees from
the $290 million settlement, plus more than $1 million in legal expenses.

Now we’re learning new details about what else WilmerHale and Dimon
extracted from David Boies (in addition to a ton of documents remaining
sealed or redacted) in exchange for that $87 million payday.

Earlier this month, David Boies filed a federal lawsuit against Darren
Indyke and Richard Kahn, Epstein’s personal lawyer and accountant,
respectively. There are two named plaintiffs who seek to become the class
representatives in a class action against Indyke and Kahn: Danielle Bensky
and Jane Doe 3.

Bensky’s allegations originate during the time-period in which JPMorgan
Chase was funneling $40,000 to $80,000 a month in hard cash to Epstein so
he could pay hush money to his victims and incentive cash to his recruiters
of underage girls. But instead of Boies including what would be the very
critical information against JPMorgan Chase that was obtained in discovery
in last year’s cases, the bank’s name is not mentioned once in the 85-page
court filing.

The heart of the case against Indyke and Kahn is that they were “personally
essential to the Epstein Enterprise’s success—among other things, they
helped structure Epstein’s bank accounts and cash withdrawals to give
Epstein and his associates access to large amounts of cash in furtherance
of sex trafficking.”

How a lawyer can prove this case without naming the bank that played a
central role in the scheme from at least 1998 through 2013 is beyond our
comprehension. Unless, of course, the strategy is to just grab another
settlement.

Below is a sampling of the gut-wrenching charges that Boies made against
JPMorgan Chase just last year in the victims’ case against the bank:

“To access the large amount of cash needed to maintain his active sexual
abuse of young women, it was essential that the financial institution where
he banked be complicit in his operation, and more specifically that Epstein
bank at a financial institution that would allow him to constantly withdraw
cash from his accounts without following anti-money laundering and
reporting laws. To put it plainly, Epstein needed a bank that knew he was
engaging in illegal activity and did not care, which Epstein had in JP
Morgan.”

“Epstein’s aptitude as a sex-trafficker and appetite as a sexual abuser did
not suffer because of his Florida incarceration in 2008. Even while he was
in jail in Florida, Epstein brazenly continued to sexually abuse young
girls and women from his work-release office.”

“At all relevant times, Epstein maintained numerous apartment units at 301
East 66th Street in New York City, where Epstein’s co-conspirators often
stayed and which operated as stash houses where numerous victims were kept
over the years.”

“JP Morgan knew of the 301 East 66th Street Epstein properties and knew
that these units operated as victim stash houses.”

“In 2006, Jeffrey Epstein was arrested in Florida after state and federal
law enforcement discovered that he had sexually abused more than 30
children in his Palm Beach, Florida mansion…As a consequence of the Florida
investigation, Epstein pled guilty to two felonies, was permanently labeled
a ‘Registered Sex Offender,’ and was jailed in 2008. Epstein also entered
into a non-prosecution agreement with the U.S. Attorney’s Office for the
Southern District of Florida barring his prosecution (and prosecution of
his known and unknown co-conspirators) for violations of the TVPA
[Trafficking Victim Protection Act] and other sex offenses in Florida. When
the U.S. Attorney’s Office entered into that non-prosecution agreement with
Epstein, it had not received reports from JP Morgan about vast sums of cash
that it was providing Epstein. Nor did JP Morgan provide any other
assistance in the investigation.”

“JP Morgan chose not to cooperate with law enforcement and other
investigations into Epstein’s sex trafficking, because it knew it would be
exposed as assisting in Epstein’s scheme.”

“As Epstein’s criminal sex trafficking venture expanded, he needed more
protection and support from JP Morgan. Through [Jes] Staley and others,
Epstein became more deeply involved with JP Morgan, providing JP Morgan
with more financial benefits. And, as a quid pro quo, JP Morgan allowed
Epstein to transfer massive amounts of hush money to his victims and
recruiters. JP Morgan allowed Epstein to withdraw hundreds of thousands of
dollars in cash so that all the payments were not traceable (the most
obvious red flag for any criminal enterprise).”

“…JP Morgan failed to file with the federal government the required SARs
that financial institutions must file with the Financial Crimes Enforcement
Network (‘FinCEN’) whenever there is a suspected case of money laundering
or fraud. Timely filing of these reports is required by the Bank Secrecy
Act and related laws and regulations. These reports are tools that the
federal government uses to detect and prosecute, among other illegal
activities, sex trafficking in violation of the TVPA. While JP Morgan was
providing Epstein vast sums of cash each year, it was required to timely
file SARs about Epstein’s suspicious and unusual cash transactions. JP
Morgan’s failure to timely file SARs about Epstein’s sex-trafficking
venture, in spite of numerous red flags, was wrongful and purposeful.”

This is what passes for “justice” in the United States of America, circa
2024.