🔗 Share this article

Newly unsealed records reveal that America's largest bank submitted a SAR in 2019 alerting federal authorities about over $1 billion in financial transfers linked to the convicted sex offender that may have been related to trafficking activities.

Bank's Comprehensive Documentation of Suspicious Transactions

JP Morgan identified approximately nearly five thousand financial activities totaling over $1 billion that were possibly linked to trafficking allegations concerning Epstein, according to the recently unsealed court documents.

The report was submitted only a few weeks after Epstein's death in a New York jail cell and also highlighted electronic payments made by Epstein to financial institutions in Russia.

Prominent Individuals Identified in Report

The SAR identified several well-known corporate leaders and persons in association with the questionable financial activities, such as:

• The Apollo co-founder, that left Apollo Global Management in 2021
• Glenn Dubin, a prominent investment professional
• Alan Dershowitz, who served as one of Epstein's lawyers
• Financial entities controlled by retail tycoon the retail magnate

This documentation specifically identified $65 million in electronic payments from the mid-2000s that seemed to transfer between multiple banks associated with the Wexner-controlled entities.

Legal and Governmental Examination

JP Morgan's 15-year relationship with Epstein has emerged as a focus of significant judicial examination and political attention.

These released records were included in legal proceedings from 2023 initiated by the American territory, where Epstein owned a private island and managed the majority of his financial affairs.

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

Bank's Statement and Oversight Background

A spokesperson for JP Morgan commented that the publication of the SARs demonstrates the institution had alerted oversight authorities about the financier as required.

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

The representative continued: "There is no indication that federal authorities or investigative agencies responded to those SARs for an extended period."

Individual Responses and Legal Position

Spokespeople for the named individuals have issued different statements regarding their inclusion in the documentation:

• The hedge fund manager's spokesperson asserted that the transactions in question were not connected to Epstein's crimes
• Alan Dershowitz claimed the only funds he obtained from Epstein were for professional legal work
• The private equity founder's spokesperson chose not to respond

It is important to note, not one of the persons identified in the documentation have been faced criminal charges in connection to the financier.