r/TrueReddit • u/coolbern • 1d ago
Crime, Courts + War How JPMorgan Enabled the Crimes of Jeffrey Epstein. A Times investigation found that America’s leading bank spent years supporting — and profiting from — the notorious sex offender, ignoring red flags, suspicious activity and concerned executives. (Gift Article)
https://www.nytimes.com/2025/09/08/magazine/jeffrey-epstein-jp-morgan.html?unlocked_article_code=1.kU8.JDYG.LkbuncFEjlv-&smid=url-share27
u/coolbern 1d ago
This long piece of investigative journalism is about how J.P. Morgan Chase enabled Jeffrey Epstein.
It is, at bottom, an account of how great concentrated wealth has the power to keep its advantage because it can’t be held accountable in real time, despite the law.
After the fact, if there’s a price to be paid at all, it’s tiny compared to what Chase gained through secret transactions that smacked of criminal intent.
From the article:
Late that year, the bank did something it should have been doing all along: It filed a report with federal regulators that retroactively flagged as suspicious some 4,700 Epstein transactions — totaling more than $1.1 billion and including hundreds of millions of dollars in payments to Russian banks and young Eastern European women who were brought to the United States…
The fallout for JPMorgan has been limited. In 2023, it paid $290 million to settle a lawsuit brought by roughly 200 of Epstein’s victims and an additional $75 million to resolve related litigation brought by the U.S. Virgin Islands, where many of Epstein’s crimes took place. The payments were a rounding error for a company that raked in more than $50 billion in profits that year. (The bank didn’t admit wrongdoing and is trying to force its insurers to cover some of the litigation costs.) No regulator took action against JPMorgan. No executives lost their jobs. Dimon remains one of the most powerful bankers in the world.
The apparent impunity alarmed Bridgette Carr, a law professor and human-trafficking expert whom the U.S. Virgin Islands hired after Epstein’s death to analyze JPMorgan’s role. Carr concluded that the bank enabled his crimes. “I am deeply worried here that the ultimate message to other financial institutions is that they can keep serving traffickers,” she told us. “It’s still profitable to do that, given the lack of substantial consequences.”
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u/InnerWrathChild 1d ago edited 1d ago
It’s a broad scope, but I feel like the world’s biggest problem right now, and has been growing since the 80s, is that no one is truly held accountable for their crimes. At least when you are above a certain income threshold. Banks? Nope. Billionaires? Nope. Politicians? Nope. Entertainment stars? Nope. CEOs/execs? Nope. Me and you? Yup.
ETA: as always, if the punishment is less than the gotten gains, it’s just a cost of business.
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u/d01100100 1d ago
Billionaires? Nope.
Unless you ripoff enough rich people. Only then are you made an example of.
See Madoff, Bankman-Fried, and Holmes.
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u/Icommentor 1d ago
But I was told that banks don’t need to be policed because it’s in their best interest to remain spotless!!!
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u/sizzler_sisters 1d ago
The loosening of regulations in the 2000s hastened the 2007 crash. But no worries, I’m sure that won’t happen again! /s
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u/jar1967 1d ago
Jeffrey Epstein made his money by laundering money for wealthy and powerful clients. Odds are more than a few of JO Morgan's larger clients used Epstein's services
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u/ayeayecaptcha 12h ago
They did and there’s already evidence that’s been released about it. Epstein had close relationships with the current and previous CEOs of Chase
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u/discoduck007 1d ago
Pedophiles protect pedophiles.
To protect a pedophile is to be complicit.
Republicans have a Pedophilia problem
Republican anti-abortion activist Howard Scott Heldreth is a convicted child rapist in Florida.
Republican County Commissioner David Swartz pleaded guilty to molesting two girls under the age of 11 and was sentenced to 8 years in prison.
Republican South Carolina Rep. RJ May of Lexington was charged in July 2025 with ten counts of distributing sexual abuse material involving children. He faces 20 years in federal prison and a $250,000 fine.
Republican judge Mark Pazuhanich pleaded no contest to fondling a 10-year old girl and was sentenced to 10 years probation.
Republican anti-abortion activist Nicholas Morency pleaded guilty to possessing child pornography on his computer and offering a bounty to anybody who murders an abortion doctor.
Republican legislator Edison Misla Aldarondo was sentenced to 10 years in prison for raping his daughter between the ages of 9 and 17. Republican Mayor Philip Giordano is serving a 37-year sentence in federal prison for sexually abusing 8- and 10-year old girls.
Republican campaign consultant Tom Shortridge was sentenced to three years probation for taking nude photographs of a 15-year old girl. Republican racist pedophile and United States Senator Strom Thurmond had sex with a 15-year old black girl which produced a child.
Republican pastor Mike Hintz, whom George W. Bush commended during the 2004 presidential campaign, surrendered to police after admitting to a sexual affair with a female juvenile. Republican legislator Peter Dibble pleaded no contest to having an inappropriate relationship with a 13-year-old girl.
Republican Congressman Donald “Buz” Lukens was found guilty of having sex with a female minor and sentenced to one month in jail. Republican fundraiser Richard A. Delgaudio was found guilty of child porn charges and paying two teenage girls to pose for sexual photos. Republican activist Mark A. Grethen convicted on six counts of sex crimes involving children.
Republican activist Randal David Ankeney pleaded guilty to attempted sexual assault on a child. Republican Congressman Dan Crane had sex with a female minor working as a congressional page.
Republican activist and Christian Coalition leader Beverly Russell admitted to an incestuous relationship with his step daughter.
Republican congressman and anti-gay activist Robert Bauman was charged with having sex with a 16-year-old boy he picked up at a gay bar.
Republican Committee Chairman Jeffrey Patti was arrested for distributing a video clip of a 5-year-old girl being raped.
Republican activist Marty Glickman (a.k.a. “Republican Marty”), was taken into custody by Florida police on four counts of unlawful sexual activity with an underage girl and one count of delivering the drug LSD.
Republican legislative aide Howard L. Brooks was charged with molesting a 12-year old boy and possession of child pornography.
Republican Senate candidate John Hathaway was accused of having sex with his 12-year old baby sitter and withdrew his candidacy after the allegations were reported in the media.
Republican preacher Stephen White, who demanded a return to traditional values, was sentenced to jail after offering $20 to a 14-year-old boy for permission to perform oral sex on him.
Republican talk show host Jon Matthews pleaded guilty to exposing his genitals to an 11 year old girl. Republican anti-gay activist Earl “Butch” Kimmerling was sentenced to 40 years in prison for molesting an 8-year old girl after he attempted to stop a gay couple from adopting her.
Republican Party leader Paul Ingram pleaded guilty to six counts of raping his daughters and served 14 years in federal prison.
Republican election board official Kevin Coan was sentenced to two years probation for soliciting sex over the internet from a 14-year old girl.
Republican politician Andrew Buhr was charged with two counts of first degree sodomy with a 13-year old boy.
Republican politician Keith Westmoreland was arrested on seven felony counts of lewd and lascivious exhibition to girls under the age of 16 (i.e. exposing himself to children).
Republican anti-abortion activist John Allen Burt was charged with sexual misconduct involving a 15-year old girl.
Republican County Councilman Keola Childs pleaded guilty to molesting a male child.
Republican activist John Butler was charged with criminal sexual assault on a teenage girl.
Republican candidate Richard Gardner admitted to molesting his two daughters.
Republican Councilman and former Marine Jack W. Gardner was convicted of molesting a 13-year old girl.
Republican County Commissioner Merrill Robert Barter pleaded guilty to unlawful sexual contact and assault on a teenage boy.
Republican City Councilman Fred C. Smeltzer, Jr. pleaded no contest to raping a 15 year-old girl and served 6-months in prison.
Republican activist Parker J. Bena pleaded guilty to possession of child pornography on his home computer and was sentenced to 30 months in federal prison and fined $18,000.
Republican parole board officer and former Colorado state representative, Larry Jack Schwarz, was fired after child pornography was found in his possession.
Republican strategist and Citadel Military College graduate Robin Vanderwall was convicted in Virginia on five counts of soliciting sex from boys and girls over the internet.
Republican city councilman Mark Harris, who is described as a “good military man” and “church goer,” was convicted of repeatedly having sex with an 11-year-old girl and sentenced to 12 years in prison.
Republican businessman Jon Grunseth withdrew his candidacy for Minnesota governor after allegations surfaced that he went swimming in the nude with four underage girls, including his daughter.
Republican director of the “Young Republican Federation” Nicholas Elizondo molested his 6-year old daughter and was sentenced to six years in prison.
Republican benefactor of conservative Christian groups, Richard A. Dasen Sr., was charged with rape for allegedly paying a 15-year old girl for sex. Dasen, 62, who is married with grown children and several grandchildren, has allegedly told police that over the past decade he paid more than $1 million to have sex with a large number of young women.
Dennis Hastert served as Republican Speaker of the House (so, 3rd in line for the Presidency) for all 8 years of W. Bush’s two terms. He also sexually molested at least 5 boys when he was a HS wrestling coach, all of them underage with the youngest victim being 14. The victims only finally saw justice when Hastert was caught by the FBI trying to falsify payments for hush money.
Donald Trump walked into Miss Teen USA change rooms with girls as young as 14 changing. 26 women have spoken publicly about Trump’s pattern of sexual assault. In 2023, he was found legally liable for the rape of E. Jean Carroll by unanimous jury.
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u/ayeayecaptcha 12h ago
Hate to break it to you but Epstein has just as heavy ties with the democratic party as he does with the republican party. both parties are funded by the same psychos that are in charge of these banks. This isn’t a left vs right issue, this is a global class issue between the majority working class and the billionaire class.
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u/even_less_resistance 20h ago
Another article I found:
In July 2010, Staley sent an email to Epstein, saying: "Maybe they're tracking u? That was fun. Say hi to Snow White," according to the lawsuit.
"[W]hat character would you like next?" Epstein is quoted responding.
Staley answered "Beauty and the Beast," and Epstein replied: "well one side is available," the lawsuit states.
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u/Apprehensive-Fun4181 1d ago
More News from 2010. The NYT is on the case! Upcoming stories in this series include Katrina, the Hurricane That Went Wrong and The War on Terror: What Was That About? and The Tea Party - Why It's Okay For Billionaires To Invent Politics.
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