JPMorgan Chase has agreed to a €269m settlement with victims of Jeffrey Epstein's sex trafficking scheme. The agreement is pending approval from the judge in the case, after which it will settle a class action lawsuit that accused the bank of allowing Epstein to continue operating his trafficking ring. The lawsuit claimed the bank provided Epstein with loans and allowed him to withdraw large sums of cash, despite being aware of his participation in sex trafficking. The settlement comes weeks after JPMorgan CEO Jamie Dimon testified in a deposition, denying knowledge of Epstein's crimes until his arrest in 2019.
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