The U.S. Virgin Islands have said they need JPMorgan Chase to pay a minimum of $190 million to settle a lawsuit accusing America’s largest bank of ignoring disgraced late financier Jeffrey Epstein.
Filed in federal court in Manhattan on Friday, the territory said it wanted JPMorgan to pay a $150 million civil wonderful and relinquish a minimum of $40 million from its 15-year relationship with Epstein.
It also wants JPMorgan to pay compensatory damages suffered by Epstein’s victims, in addition to punitive damages.
![Jeffrey Epstein's estate on Little Saint James Island.](https://nypost.com/wp-content/uploads/sites/2/2023/07/NYPICHPDPICT000010580016.jpg?w=1024)
![Jeffrey Epstein](https://nypost.com/wp-content/uploads/sites/2/2023/07/NYPICHPDPICT000013284940.jpg?w=1024)
The massive payout is suitable because JPMorgan “lacked the economic incentive and incentive to prioritize legal compliance and human trafficking prevention over personal gain,” the territory’s lawyer said within the filing.
JPMorgan didn’t immediately reply to requests for comment.
Friday’s letter marks the primary time the U.S. Virgin Islands has put a dollar on any amount JPMorgan is willing to pay for its relationship with Epstein.
The Territory wants JPMorgan to be held accountable for providing banking services to Epstein from 1998 to 2013, allowing him to pay victims and ignoring internal warnings and other red flags because he valued him as a wealthy client.
![JPMorgan Chase mark](https://nypost.com/wp-content/uploads/sites/2/2023/07/NYPICHPDPICT000014035054.jpg?w=1024)
Epstein, who died by suicide in August 2019, owned two adjoining islands within the territory, including one which authorities say he bought to stop people from spying on him as he sexually abused young women and girls on the opposite.
The hearing is scheduled for October 23.