JPMorgan Chase (JPM) alerted the U.S. government to over $1B in suspicious transactions involving Jeffrey Epstein and some Wall Street names, The New York Times reported.
Weeks after Epstein’s death in 2019, JPMorgan (JPM) filed a report flagging about 4,700 transactions to federal regulators.
The report also mentioned Epstein’s wire transfers to Russian banks and sensitivities around “his relationships with two U.S. presidents.” Epstein was connected to President Trump and former President Bill Clinton.
JPMorgan’s (JPM) report identified transactions with Apollo Global (APO) co-founder Leon Black; hedge fund manager Glenn Dubin; and trusts controlled by retail tycoon Leslie Wexner.
The nature of the transactions and Epstein’s role in them remains unclear, NYT noted. None of the individuals identified in the report have been charged with crimes in connection to Epstein.
Dubin’s spokesperson said the transactions mentioned in the report “related to charitable giving, personal gifts or business matters” and were unrelated to Epstein’s crimes.
JPMorgan’s (JPM) report was included in court records that a federal judge ordered to be unsealed in response to requests from NYT and The Wall Street Journal.
A spokesperson for JPMorgan (JPM) said the documents showed that the bank repeatedly alerted regulators to suspicious activity surrounding Epstein. “It does not appear that anyone in the government or law enforcement acted on those suspicious activity reports for years.”
JPMorgan (JPM) filed other suspicious activity reports on some of Epstein’s voluminous cash withdrawals prior to his 2019 arrest on federal charges for the sex trafficking of minors.
The bank fired Epstein as a client in 2013, and has said it was not aware that he was engaged in criminal conduct.