🔗 Share this article

Newly unsealed records reveal that America's largest bank filed a SAR in 2019 alerting federal authorities about over $1 billion in transactions connected to Jeffrey Epstein that may have been related to trafficking activities.

Financial Institution's Comprehensive Reporting of Questionable Transactions

JP Morgan flagged approximately nearly five thousand financial activities amounting to more than $1 billion that appeared potentially linked to human trafficking reports concerning the financier, as reported in the newly released legal records.

This documentation was submitted only a few weeks after Epstein was found dead in a New York jail cell and also highlighted electronic payments made by Epstein to Russian banks.

Prominent Figures Identified in Report

The suspicious activity report named several well-known corporate leaders and persons in connection with the questionable financial activities, including:

• Leon Black, that left Apollo Global Management in 2021
• Glenn Dubin, a prominent investment professional
• Alan Dershowitz, acting as one of Epstein's lawyers
• Trusts controlled by retail tycoon the retail magnate

This documentation particularly noted $65 million in electronic payments from the mid-2000s that seemed to transfer between multiple banks linked to Wexner's trusts.

Legal and Governmental Examination

JP Morgan's long-standing association with Epstein has emerged as a focus of major judicial examination and government interest.

These released records were included in 2023 litigation filed by the US Virgin Islands, where Epstein owned a private island and conducted most of his financial affairs.

Furthermore, women who were trafficked by Epstein also participated in the lawsuit, which JP Morgan ultimately resolved.

Financial Institution's Statement and Regulatory Context

A spokesperson for JP Morgan stated that the publication of the SARs demonstrates the bank had alerted oversight authorities about Epstein as required.

The representative emphasized: "These reports do confirm what's been inferred: the bank filed SARs about Epstein early on, and particularly when it exited him from the bank in 2013 – and repeatedly between 2013 and 2019, as required."

She added: "There is no indication that federal authorities or investigative agencies responded to those reports for years."

Personal Reactions and Legal Status

Representatives for the identified persons have provided different statements regarding their mention in the documentation:

• The hedge fund manager's spokesperson asserted that the referenced financial activities were not connected to the financier's illegal activities
• The attorney claimed the sole payments he obtained from the financier were for professional legal work
• Leon Black's representative chose not to respond

It is important to note, none of the individuals identified in the report have been faced criminal charges in connection to the financier.