JPMorgan Chase alleged that Epstein was given over $300 million in tax incentives and had sex offender monitoring requirements lifted thanks to bribes and help given to USVI officials, enabling his sex trafficking operation, according to Tuesday court filings. JPMorgan Chase previously paid $290 million in a class action lawsuit to Epstein’s victims after ignoring internal warnings about Epstein.

“For two decades, Epstein maintained a quid pro quo relationship with USVI’s highest ranking officials,” the filing alleges. “He gave them money, advice, influence, and favors. In exchange, they shielded and even rewarded him, granting him more than $300 million in tax incentives, waiving sex offender monitoring requirements, looking the other way when he walked through USVI airports accompanied by girls and young women, and even facilitating ESL classes and visas that allowed Epstein to bring victims to his island.”

NEW: JPMorgan Chase has just revealed the US Virgin Islands gave Jeffrey Epstein more than $300 MILLION in tax incentives and waived sex offender monitoring requirements for the disgraced financier.

The bank is also alleging top USVI gov. officials KNEW about Epstein's… pic.twitter.com/q5DaO4MsHG

— Nick Sortor (@nicksortor) June 21, 2023

The USVI has previously taken action to address the fallout around Epstein and Little St. James, his private island where many of his alleged crimes were committed, by extracting proceeds from the sale of the island, according to a press release from the USVI Attorney General. The Epstein estate and co-defendants were ordered by a USVI court to pay the territory’s government $105 million and half of the proceeds from the sale of the private island, as well as another $450,000 in environmental damages.

JPMorgan Chase announced June 12 that it had reached an agreement in a case involving victims of Epstein’s child sex trafficking operation. The case claims that JPMorgan Chase enabled Epstein’s child sex trafficking operation by keeping him as a client even though he was found guilty of sex crimes in the late 2000s.

When contacted by the Daily Caller News Foundation, JPMorgan Chase deferred to the statements made in the filing and pointed to previous statements, saying, “We all now understand that Epstein’s behavior was monstrous – any association with him was a mistake and we regret it. We would never have continued to do business with him if we believed he was using our bank in any way to help commit heinous crimes.”

The U.S. Virgin Islands’ Department of Justice did not immediately respond to a request for comment.

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The Virgin Islands said it had grounds to suspect that Epstein might have referred or tried to refer Musk to the banking giant as a client, according to court documents. Musk is one of several billionaires who have received subpoenas by the Virgin Islands, including Google co-founders Larry Page and Sergey Brin, according to Bloomberg.

The subpoena from the U.S. territory requests Elon Musk produce documents showing his communications with JPMorgan about Epstein, and communications with Epstein about JPMorgan.

It also asks him to produce “documents reflecting or regarding fees [he] paid to Epstein and/or JPMorgan in connection with [his] accounts, transactions, or relationship at JPMorgan” and “documents reflecting or regarding Epstein’s involvement in human trafficking and/or his procurement of girls or women for commercial sex.”

The Virgin Islands said in the filing that it had attempted to serve Musk with the subpoena on April 28, but was unsuccessful.

The subpoena was served to Musk on April 28. The document suggests that Epstein, a convicted sex offender, might have introduced Musk, one of the world's wealthiest individuals, to JPMorgan, per CNBC.

Link: https://t.co/BCBMA7xTcp

— unusual_whales (@unusual_whales) May 15, 2023

Musk responded to the subpoena on Twitter, tweeting, “This is idiotic on so many levels: 1. That cretin never advised me on anything whatsoever. 2. The notion that I would need or listen to financial advice from a dumb crook is absurd. 3. JPM let Tesla down ten years ago, despite having Tesla’s global commercial banking business, which we then withdrew. I have never forgiven them.”

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.