Mainstream Media Is Avoiding the Big Story on Jeffrey Epstein and Sealed Court Documents
“Some on social media are speculating that the public disclosure of more than 150 names associated with the late sex offender Jeffrey Epstein has been delayed.
By Pam Martens and Russ Martens
Over the past week, more than a dozen of the biggest mainstream news outlets have published articles about the possibility of scandalous news breaking this week from the unsealing of documents in a federal court case involving the sex trafficker of minors, Jeffrey Epstein.
Typically, responsible news outlets wait for the actual news to break before hyping the possibility of it breaking. At 5:59 a.m. this morning, Newsweek updated the story as follows:
“Some on social media are speculating that the public disclosure of more than 150 names associated with the late sex offender Jeffrey Epstein has been delayed.
“Judge Loretta A. Preska signed an order on December 18 for the public release of the identities of more than 150 people mentioned in court documents from a now-settled 2015 civil lawsuit filed by Virginia Giuffre that centered on allegations that Epstein’s associate and former girlfriend Ghislaine Maxwell facilitated her sexual abuse.
“Several prominent figures, including former President Bill Clinton and Britain’s Prince Andrew are expected to be named. The list will also include sex abuse victims and Epstein’s employees.”
Bill Clinton, Prince Andrew, Donald Trump, and dozens of other prominent men in politics, finance and law have already been named, repeatedly, in the media as people who socialized or had suspect dealings with Epstein. So this is not a new story.
The real story that mainstream media refuses to investigate is why federal judges in New York have been allowed to secret away in sealed documents the puzzle pieces to how Epstein’s network of powerful men were able to run a sex trafficking ring for two decades with the “active participation” of the largest federally-insured bank in the United States, JPMorgan Chase; and right under the nose of its Chairman, CEO and media darling, Jamie Dimon.
This is the Big Story that has been left to wilt on the vine by the likes of the New York Times, Wall Street Journal, Washington Post and their peers.
The answers to this Big Story will not be found in the documents slated to be unsealed by Judge Loretta Preska in the Virginia Giuffre case. They have been sealed and locked up tight in Judge Jed Rakoff’s courtroom after he oversaw multiple Epstein-related lawsuits brought against JPMorgan Chase in late 2022 and 2023.
One case, Jane Doe v JPMorgan Chase, was a class action on behalf of Epstein’s sex assault and sex trafficked victims. Judge Rakoff approved its settlement for $290 million despite objections from 17 Attorneys General and the settlement’s unconscionable terms that included releasing claims for “harm, injury, abuse, exploitation, or trafficking by Jeffrey Epstein or by any person who is in any way connected to or otherwise associated with Jeffrey Epstein, as well as any right to recovery on account thereof.” Claimants were also required to sign the release form before they learned if they would get a dime from the settlement.
Attorneys for the victims were not left in any such doubt. The settlement terms provided them with $87 million in legal fees and $2.5 million in expenses.
Releasing claims against “Any person who is in any way connected to or otherwise associated with Jeffrey Epstein” conveniently includes a number of billionaires referred by Epstein to JPMorgan Chase as clients. There are also literally hundreds of high-profile individuals that were listed in Epstein’s little black book that could be considered “connected” to him.
Many of the individuals listed in Epstein’s little black book – a total of 1,571 – have had important banking relationships with JPMorgan Chase. In a court filing on July 26 of last year by the Attorney General of the U.S. Virgin Islands, which has since settled its Epstein-related case against JPMorgan Chase for $75 million, it listed the following individuals as people Epstein referred as clients to the bank: Microsoft co-founder and billionaire Bill Gates; Google co-founder and billionaire Sergey Brin; the Sultan of Dubai, Sultan Ahmed bin Sulayem; media and real estate billionaire Mort Zuckerman; and numerous others.
Epstein’s victims charged in their lawsuit that JPMorgan Chase had, for more than a decade, provided Epstein with cozy banking services, which included sluicing to him millions of dollars in hard cash from his accounts, sometimes as much as $40,000 to $80,000 a month. The bank failed to file the Suspicious Activity Reports (SARs) that it is legally required to file with the Financial Crimes Enforcement Network (FinCEN) for those payments in cash. Epstein’s alleged quid pro quo with the bank included him referring valuable business deals and clients to JPMorgan Chase. These allegations were substantiated by 22 pages of internal bank emails released in the related case brought against the bank by the U.S. Virgin Islands.
A third Epstein-related case was brought against JPMorgan Chase in Rakoff’s court by two public pension funds that owned shares of JPMorgan Chase. That lawsuit named Dimon as a defendant as well as current and former members of JPMorgan Chase’s Board of Directors. It was brought by a prominent class action law firm on behalf of shareholders of the bank. The lawsuit’s theory of the case was that specific members of the Board of JPMorgan Chase “put their heads in the sand” and ignored that the bank had become a cash conduit for Jeffrey Epstein’s child sex trafficking ring because they were hoping that their own verifiable business ties to Epstein “would go unnoticed.” (We might add an attendant thesis: that Dimon takes very good care of his Board in return for them taking very good care of him.)
Mainstream media ignored the allegations that members of the JPMorgan Chase Board of Directors had business ties with Epstein and Judge Rakoff wasted no time in dismissing the case on technical grounds. (This was not the first time that a major scandal involving JPMorgan Chase received a news blackout by mainstream media.)
The other Big Story is why after 18 years of police and FBI investigations of Epstein and his wide sex trafficking ring, the U.S. Department of Justice has brought criminal charges against only two people: Jeffrey Epstein and Ghislaine Maxwell.
There is also no indication, at present, that the Justice Department is preparing to bring a criminal case against JPMorgan Chase, despite its recidivist history of felony charges (including two felony counts for money laundering) and a former FBI agent’s statement on how the bank “impeded” a criminal investigation of Epstein. (See: New Court Documents Suggest the Justice Department Under Four Presidents Covered Up Jeffrey Epstein’s Money Laundering at JPMorgan Chase.)
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