Wyden Report Accuses 3 Major Banks of Aiding Epstein, Flags $170 Million in Unreported Payments
Updated
Updated · Al Jazeera English · Aug 4
Wyden Report Accuses 3 Major Banks of Aiding Epstein, Flags $170 Million in Unreported Payments
3 articles · Updated · Al Jazeera English · Aug 4
Summary
Senator Ron Wyden’s report says JPMorgan Chase, Deutsche Bank and Bank of America ignored red flags around Jeffrey Epstein, giving him access to cash used to lure, harbor and transport victims.
The report argues the banks may have violated anti-money-laundering rules by failing to report suspicious activity, and it also faults the Justice and Treasury departments for inadequate scrutiny.
Bank of America likely failed to report $170 million in payments from Leon Black to Epstein, while JPMorgan executives allegedly coached Epstein to withdraw cash through shell companies, according to the report.
Wyden called the findings a roadmap for prosecutors and lawmakers, naming bankers and alleged Epstein accomplices he said should be investigated.
The allegations land three months before the November midterms, as bipartisan pressure persists over redacted Epstein files and the limited number of US criminal charges beyond Epstein and Ghislaine Maxwell.