by Pam Martens and Russ Martens, Wall St On Parade:
JPMorgan Chase would like the public to believe that it’s going to walk away from the sleaziest financial crime of the century just $365 million poorer in the process. That’s just not going to happen.
Yesterday, the bank settled for $75 million the Jeffrey Epstein related claims brought by the Attorney General of the U.S. Virgin Islands, after settling class action claims brought by Epstein’s victims for $290 million in June. (The June settlement was so questionable that we initiated an inquiry into the presiding Judge, Jed Rakoff, who called it a “really fine settlement.”)