In a revelation that stunned absolutely no one except perhaps JPMorgan Chase’s PR department, the bank reportedly alerted the Trump administration to over $1 billion in “suspicious” transactions involving Jeffrey Epstein and several unnamed, but definitely yacht-owning, Wall Street elites.
The bank, long known for its “robust compliance culture” and robust profits, expressed surprise that “suspicious” apparently meant exactly what it looked like: private jets to private islands and wire transfers labeled “consulting fees” sent at 3 a.m.
A JPMorgan spokesperson said the bank took “swift action” once the transactions were flagged, by forwarding them to the same government that was later run by some of the recipients’ golf partners.
Experts say this could mark a turning point in financial transparency, assuming anyone responsible experiences consequences, which, historically, they have not. JPMorgan concluded by assuring the public it remains “deeply committed to fighting financial crime,” especially when it’s already in the headlines.
