    <?xml version="1.0" encoding="UTF-8"?><rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>Lawsuits Archives - Exchange NFT &amp; CRYPTO</title>
	<atom:link href="https://xnftcrypto.com/tag/lawsuits/feed/" rel="self" type="application/rss+xml" />
	<link>https://xnftcrypto.com/tag/lawsuits/</link>
	<description>Find Latest Articles on  Crypto, Blockchain and Regulations Worldwide.</description>
	<lastBuildDate>Sun, 28 Jan 2024 12:22:55 +0000</lastBuildDate>
	<language>en-US</language>
	<sy:updatePeriod>
	hourly	</sy:updatePeriod>
	<sy:updateFrequency>
	1	</sy:updateFrequency>
	<generator>https://wordpress.org/?v=6.8.3</generator>

<image>
	<url>https://xnftcrypto.com/wp-content/uploads/2022/02/cropped-NFTfav1-32x32.png</url>
	<title>Lawsuits Archives - Exchange NFT &amp; CRYPTO</title>
	<link>https://xnftcrypto.com/tag/lawsuits/</link>
	<width>32</width>
	<height>32</height>
</image> 
	<item>
		<title>Trump must pay E. Jean Carroll $83.3 million in defamation trial</title>
		<link>https://xnftcrypto.com/trump-must-pay-e-jean-carroll-83-3-million-in-defamation-trial/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=trump-must-pay-e-jean-carroll-83-3-million-in-defamation-trial</link>
					<comments>https://xnftcrypto.com/trump-must-pay-e-jean-carroll-83-3-million-in-defamation-trial/#respond</comments>
		
		<dc:creator><![CDATA[xnftcrypto]]></dc:creator>
		<pubDate>Sun, 28 Jan 2024 12:22:55 +0000</pubDate>
				<category><![CDATA[Investment]]></category>
		<category><![CDATA[Breaking News: Politics]]></category>
		<category><![CDATA[business news]]></category>
		<category><![CDATA[Crime]]></category>
		<category><![CDATA[Donald Trump]]></category>
		<category><![CDATA[Government and politics]]></category>
		<category><![CDATA[Laws]]></category>
		<category><![CDATA[Lawsuits]]></category>
		<category><![CDATA[Lewis A. Kaplan]]></category>
		<category><![CDATA[New York]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[Trials]]></category>
		<guid isPermaLink="false">https://xnftcrypto.com/trump-must-pay-e-jean-carroll-83-3-million-in-defamation-trial/</guid>

					<description><![CDATA[<div style="margin-bottom:20px;"><img width="1920" height="1080" src="https://xnftcrypto.com/wp-content/uploads/2024/01/Trump-must-pay-E-Jean-Carroll-833-million-in-defamation.jpeg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" fetchpriority="high" srcset="https://xnftcrypto.com/wp-content/uploads/2024/01/Trump-must-pay-E-Jean-Carroll-833-million-in-defamation.jpeg 1920w, https://xnftcrypto.com/wp-content/uploads/2024/01/Trump-must-pay-E-Jean-Carroll-833-million-in-defamation-300x169.jpeg 300w, https://xnftcrypto.com/wp-content/uploads/2024/01/Trump-must-pay-E-Jean-Carroll-833-million-in-defamation-1024x576.jpeg 1024w, https://xnftcrypto.com/wp-content/uploads/2024/01/Trump-must-pay-E-Jean-Carroll-833-million-in-defamation-768x432.jpeg 768w, https://xnftcrypto.com/wp-content/uploads/2024/01/Trump-must-pay-E-Jean-Carroll-833-million-in-defamation-1536x864.jpeg 1536w" sizes="(max-width: 1920px) 100vw, 1920px" /></div>
<p>[ad_1] E. Jean Carroll and her attorneys Shawn Crowley and Roberta Kaplan react outside the Manhattan Federal Court, after the verdict in the second civil trial after she accused former U.S. President Donald Trump of raping her decades ago, in New York City, U.S., January 26, 2024.  Brendan Mcdermid &#124; Reuters A federal jury on [&#8230;]</p>
<p>The post <a href="https://xnftcrypto.com/trump-must-pay-e-jean-carroll-83-3-million-in-defamation-trial/">Trump must pay E. Jean Carroll $83.3 million in defamation trial</a> appeared first on <a href="https://xnftcrypto.com">Exchange NFT &amp; CRYPTO</a>.</p>
]]></description>
										<content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="1920" height="1080" src="https://xnftcrypto.com/wp-content/uploads/2024/01/Trump-must-pay-E-Jean-Carroll-833-million-in-defamation.jpeg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" srcset="https://xnftcrypto.com/wp-content/uploads/2024/01/Trump-must-pay-E-Jean-Carroll-833-million-in-defamation.jpeg 1920w, https://xnftcrypto.com/wp-content/uploads/2024/01/Trump-must-pay-E-Jean-Carroll-833-million-in-defamation-300x169.jpeg 300w, https://xnftcrypto.com/wp-content/uploads/2024/01/Trump-must-pay-E-Jean-Carroll-833-million-in-defamation-1024x576.jpeg 1024w, https://xnftcrypto.com/wp-content/uploads/2024/01/Trump-must-pay-E-Jean-Carroll-833-million-in-defamation-768x432.jpeg 768w, https://xnftcrypto.com/wp-content/uploads/2024/01/Trump-must-pay-E-Jean-Carroll-833-million-in-defamation-1536x864.jpeg 1536w" sizes="(max-width: 1920px) 100vw, 1920px" /></div><p> [ad_1]<br />
</p>
<div id="RegularArticle-ArticleBody-5" data-module="ArticleBody" data-test="articleBody-2" data-analytics="RegularArticle-articleBody-5-2"><span class="HighlightShare-hidden" style="top:0;left:0"/></p>
<div class="InlineImage-imageEmbed" id="ArticleBody-InlineImage-107365367" data-test="InlineImage">
<div class="InlineImage-wrapper">
<div>
<p>E. Jean Carroll and her attorneys Shawn Crowley and Roberta Kaplan react outside the Manhattan Federal Court, after the verdict in the second civil trial after she accused former U.S. President Donald Trump of raping her decades ago, in New York City, U.S., January 26, 2024. </p>
<p>Brendan Mcdermid | Reuters</p>
</div>
</div>
</div>
<div class="group">
<p>A federal jury on Friday said Donald Trump must pay E. Jean Carroll a total of $83.3 million in damages for defaming her in statements he made as president after the writer said he had raped her in a New York department store in the 1990s.</p>
<p>The massive civil verdict — which comes on top of a $5 million sexual abuse and defamation verdict that Carroll won against Trump last year — was delivered less than three hours after the nine-member jury began deliberating in U.S. District Court in Manhattan.</p>
<p>Trump was not in court for the reading of the unanimous verdict on compensatory and punitive damages by the anonymous jury at 4:40 p.m. ET.</p>
<p>But shortly afterward, he said in a social media post that he would appeal it.</p>
<p>&#8220;This is a great victory for every woman who stands up when she&#8217;s been knocked down, and a huge defeat for every bully who has tried to keep a woman down,&#8221; Carroll said in a statement.</p>
</div>
<div class="InlineImage-imageEmbed" id="ArticleBody-InlineImage-107365368" data-test="InlineImage">
<div class="InlineImage-wrapper">
<div>
<p>E. Jean Carroll hugs her team after the verdict was read during the second civil trial where Carroll accused former U.S. President Donald Trump of raping her decades ago, at Manhattan Federal Court in New York City, U.S., January 26, 2024, in this courtroom sketch. </p>
<p>Jane Rosenberg | Reuters</p>
</div>
</div>
</div>
<div class="group">
<p>Her attorney Roberta Kaplan said, &#8220;Today&#8217;s verdict proves that the law applies to everyone in our country, even the rich, even the famous, even former presidents. There is a way to stand up to someone like Donald Trump who cares more about wealth, fame, and power than respecting the law.&#8221;</p>
<p>Jurors awarded Carroll $7.3 million in compensatory damages for emotional harm, and an additional $11 million in compensatory damages for harm to her reputation. Compensatory damages are awarded for actual losses suffered by someone.</p>
<p>They awarded her an additional $65 million in punitive damages after finding that Trump in a June 21, 2019, statement about Carroll had &#8220;acted maliciously, out of hatred, ill will or spite, vindictively or out of wanton, reckless, or willful disregard of Ms. Carroll&#8217;s right.&#8221;</p>
<p>Trump in those comments and others since then has denied ever meeting Carroll, suggested she made her claim to sell a book, and said she was not &#8220;my type.&#8221;</p>
<p>Punitive damages are meant to punish wrongdoing by a defendant.</p>
<p>Earlier Friday, Carroll&#8217;s lawyer in her closing argument had urged jurors to award her a &#8220;very large&#8221; amount of money, to make the billionaire former president &#8220;stop&#8221; slandering her.</p>
<p>&#8220;He doesn&#8217;t care about the law or truth but does care about money, and your decision on punitive damages is the only hope that he stops,&#8221; Kaplan said.</p>
</div>
<div class="InlineImage-imageEmbed" id="ArticleBody-InlineImage-107365084" data-test="InlineImage">
<div class="InlineImage-wrapper">
<div>
<p>Former U.S. President Donald Trump gestures to his supporters, as he departs for his second civil trial after E. Jean Carroll accused Trump of raping her decades ago, outside a Trump Tower in the Manhattan borough of New York City, U.S., January 26, 2024. </p>
<p>Eduardo Munoz | Reuters</p>
</div>
</div>
</div>
<div class="group">
<p>&#8220;How much will it take to make him stop? You cost him lots and lots of money,&#8221; she said.</p>
<p>Trump in a social media post on his TruthSocial site after the verdict wrote, &#8220;Absolutely ridiculous!&#8221;</p>
<p>&#8220;I fully disagree with both verdicts, and will be appealing this whole Biden Directed Witch Hunt focused on me and the Republican Party,&#8221; wrote Trump, who is the frontrunner for the GOP presidential nomination.</p>
<p>&#8220;Our Legal System is out of control, and being used as a Political Weapon. They have taken away all First Amendment Rights. THIS IS NOT AMERICA!&#8221;</p>
<p>Trump so far has not received much help from appeals courts in challenging the two separate lawsuits by Carroll before they went to trial.</p>
<p>But it is possible that on appeal of the verdicts he could at least win a reduction in the amount of money he owes her.</p>
<p>Last month, the 2nd Circuit U.S. Court of Appeals rejected Trump&#8217;s argument that he was immune from damages in the current case because he was president at the time he defamed Carroll.</p>
<p>The appeals court ruled that Trump had waived the potential defense of presidential immunity for not raising it for years after Carroll first sued him in 2019.</p>
<p>Trump last year posted $5.6 million as security while he appeals the verdict in the prior sex abuse and defamation case.</p>
<p>When he appeals the current case&#8217;s verdict, he will likely have to post more than $90 million in security.</p>
<p>Until the appeals are resolved, Carroll will not collect any money from Trump.</p>
</div>
<div class="InlineImage-imageEmbed" id="ArticleBody-InlineImage-107365302" data-test="InlineImage">
<div class="InlineImage-wrapper">
<div>
<p>Former U.S. President Donald Trump walks out during attorney Roberta Kaplan&#8217;s closing argument, during E. Jean Carroll&#8217;s second civil trial as Carroll accused Trump of raping her decades ago, at Manhattan Federal Court in New York City, U.S., January 26, 2024, in this courtroom sketch.</p>
<p>Jane Rosenberg | Reuters</p>
</div>
</div>
</div>
<div class="group">
<p>Judge Lewis Kaplan, who is not related to Roberta, told jurors before dismissing them from court: &#8220;My advice to you is that you never disclose that you were on this jury, and I won&#8217;t say anything more about it.&#8221;</p>
<p>Before their deliberations began, Judge Kaplan instructed them that they had to accept as facts that Trump &#8220;sexually assaulted&#8221; Carroll in the mid-1990s and defamed the writer in 2019.</p>
<p>&#8220;What remains for you to decide,&#8221; the judge said, is whether &#8220;Mr. Trump acted maliciously when he made his two statements&#8221; about Carroll.</p>
<p>&#8220;You must accept as true the facts as I explained to you as they have already been decided,&#8221; the judge said, referring to Trump&#8217;s sexual assault of Carroll and his slandering of her decades later.</p>
<p>Trump looked on during the instructions with a frown.</p>
<p>Earlier, Trump stalked out of the courtroom after Carroll&#8217;s lawyer began her closing argument, in which she urged jurors to award monetary damages &#8220;large enough that it will finally make him stop&#8221; slandering the writer.</p>
<p>Trump&#8217;s dramatic departure came minutes after the judge warned his lawyer Alina Habba that she was risking being tossed into jail before summations began in the case.</p>
<p>&#8220;The record will reflect that Mr. Trump just rose and walked out of the courtroom,&#8221; the judge said.</p>
<p>Trump returned about an hour later, after Carroll&#8217;s attorney finished her summation and just before his attorney began her closing argument.</p>
</div>
<div class="InlineImage-imageEmbed" id="ArticleBody-InlineImage-107365318" data-test="InlineImage">
<div class="InlineImage-wrapper">
<div>
<p>Former U.S. President Donald Trump looks on as his attorney Alina Habba, delivers closing arguments during E. Jean Carroll’s second civil trial as Carroll accused Trump of raping her decades ago, at Manhattan Federal Court in New York City, U.S., January 26, 2024, in this courtroom sketch. </p>
<p>Jane Rosenberg | Reuters</p>
</div>
</div>
</div>
<div class="group">
<p>Carroll in a 2019 New York magazine article wrote that in the mid-1990s, Trump had raped her in a dressing room at Bergdorf Goodman department store on Fifth Avenue, just up the street from the Trump Tower, where he lived and worked.</p>
<p>Trump denied her allegation at the time, saying she had made it up.</p>
<p>Another Manhattan federal court jury last year found he had sexually abused Carroll in the attack and had defamed her in statements he made in late 2022 denying her claims.</p>
<p>Kaplan ruled later in 2023 that that jury&#8217;s verdict meant that jurors in the current trial would have to accept as legally established that Trump had sexually assaulted Carroll and had defamed her in his 2022 statements.</p>
<p>Trump on Friday posted several social media messages attacking Kaplan for rulings in the case, accusing the judge of having &#8220;absolute hatred of Donald J. Trump (ME!).&#8221; Trump&#8217;s Truth social account posted 14 times about Carroll when he was in the courtroom.</p>
<p>In her closing argument, Carroll&#8217;s lawyer Kaplan asked jurors to impose punitive damages on Trump for refusing to stop defaming Carroll even after a jury last year held him liable for doing so and ordered him to pay her $5 million.</p>
<p>Trump&#8217;s comments have sparked death threats and vicious emails and tweets directed at Carroll, the lawyer said.</p>
</div>
<div class="group">
<div class="RelatedContent-relatedContent" id="RegularArticle-RelatedContent-1">
<div class="RelatedContent-container">
<div class="RelatedContent-nonCollapsibleContent">
<h2 class="RelatedContent-header">Read more CNBC politics coverage</h2>
</div>
</div>
</div>
</div>
<div class="group">
<p>&#8220;The dollar amount has to be very large,&#8221; Roberta Kaplan said. &#8220;It is at least as much and probably much more than the $12 million&#8221; that the lawyer noted an expert witness had testified it could cost to repair Carroll&#8217;s reputation after Trump accused her of inventing her claim.</p>
<p>&#8220;Last trial, Donald J. Trump didn&#8217;t even bother to show up, but this trial where it is about damages he has been sure to be here and the one thing he cares about his money,&#8221; Kaplan said.</p>
<p>Trump &#8220;is worth billions of dollars, he said that under oath, he could pay a million dollars a day for 10 years and still have money in the bank,&#8221; Kaplan said.</p>
<p>&#8220;When you begin deliberations I encourage you to step back and think of bigger picture, a former president of the United States who sexually assaulted, defamed and continues to defame.&#8221;</p>
<p>Earlier, Trump&#8217;s lawyer Habba, who had already irked Judge Kaplan for showing up late in court, angered him when she persisted in arguing that defense lawyers should be able to show a slide to jurors during their summation that represented some tweets related to Carroll.</p>
<p>&#8220;You are not going to use a slide to represent how many tweets there were, you are not using that slide, period,&#8221; Judge Kaplan said.</p>
<p>When Habba said, &#8220;I need to make a record,&#8221; referring to putting her argument on the record, the judge issued his warning.</p>
<p>&#8220;You are on the verge of spending time in the lockup, now sit down!&#8221; the judge told Habba.</p>
<p>Kaplan snapped at Habba several more times during her closing argument, at one point telling her that if she continued pressing a particular point &#8220;there will be consequences.&#8221;</p>
</div>
<div class="InlineImage-imageEmbed" id="ArticleBody-InlineImage-107365303" data-test="InlineImage">
<div class="InlineImage-wrapper">
<div>
<p>Former U.S. President Donald Trump&#8217;s attorney Alina Habba delivers closing arguments during E. Jean Carroll&#8217;s second civil trial, as Carroll accused Trump of raping her decades ago, at Manhattan Federal Court in New York City, U.S., January 26, 2024 in this courtroom sketch.</p>
<p>Jane Rosenberg | Reuters</p>
</div>
</div>
</div>
<div class="group">
<p>In her summation, Habba said that Carroll &#8220;has failed to show she is entitled to any damages at all.&#8221;</p>
<p>&#8220;It is Ms. Carroll&#8217;s burden, not President Trump&#8217;s, to prove that his statements caused harm, and she failed to meet that burden, it is common sense,&#8221; Habba said.</p>
<p>The attorney also suggested that Carroll had made up her claims of receiving &#8220;thousands of threats.&#8221;</p>
<p>Carroll had testified that she deleted most of those threats, making them unavailable as evidence.</p>
<p>&#8220;Either Ms. Carroll is lying to you and those messages never existed in the first place or she deleted them and wants you to rely on them, and guess what, they are not here, and she has to give them to you to support her claim for damages, and that is a fact,&#8221; Habba said.</p>
<p>Habba also said that not only did Carroll &#8220;not suffer any emotional harm&#8221; after publishing her claim in 2019 about Trump raping her, &#8220;she was happier than ever.&#8221;</p>
<p>&#8220;She told Vanity Fair [magazine] that the support she received walking down the streets was heartwarming,&#8221; Habba said. &#8220;One of the most carefree and happy times of her life, that she was in a cocoon of love &#8230; does this sound like someone whose world has come crashing down, who can&#8217;t sleep?&#8221;</p>
<p>&#8220;She was enjoying the newfound attention she was receiving,&#8221; the lawyer said.</p>
<p>Before the arguments began and jurors entered the courtroom, the judge issued a warning.</p>
<p>&#8220;During closing arguments, no one is to say anything other than opposing counsel,&#8221; said Kaplan. &#8220;There are to be no interruptions or audible comments by anyone else and that will apply when I charge the jury and that will apply to counsel then as well.&#8221;</p>
<p>Carroll&#8217;s lawyers have complained during the trial about Trump making comments that were audible to jurors while sitting with his attorneys at the defense table.</p>
<p>Kaplan previously ruled that because of the prior verdict, there was no legal question that Trump defamed Carroll. That ruling left only the question of monetary damages remaining for the jury.</p>
<p>Trump during his very brief testimony in the trial Thursday said of Carroll&#8217;s claim, &#8220;I consider it a false accusation.&#8221;</p>
<p>Kaplan struck that testimony, in light of the prior jury&#8217;s verdict which found he had sexually abused Carroll.</p>
<p>Trump earlier this week defeated former United Nations Ambassador Nikki Haley in the Republican presidential primary in New Hampshire. Last week, he won the Iowa GOP caucuses.</p>
</div>
</div>
<p>[ad_2]<br />
<br /><a href="https://www.cnbc.com/2024/01/26/trump-e-jean-carroll-defamation-trial-closing-arguments.html">Source link </a></p>
<p>The post <a href="https://xnftcrypto.com/trump-must-pay-e-jean-carroll-83-3-million-in-defamation-trial/">Trump must pay E. Jean Carroll $83.3 million in defamation trial</a> appeared first on <a href="https://xnftcrypto.com">Exchange NFT &amp; CRYPTO</a>.</p>
]]></content:encoded>
					
					<wfw:commentRss>https://xnftcrypto.com/trump-must-pay-e-jean-carroll-83-3-million-in-defamation-trial/feed/</wfw:commentRss>
			<slash:comments>0</slash:comments>
		
		
			</item>
		<item>
		<title>Virgin Islands says JPMorgan should pay damages in Epstein case</title>
		<link>https://xnftcrypto.com/virgin-islands-says-jpmorgan-should-pay-damages-in-epstein-case/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=virgin-islands-says-jpmorgan-should-pay-damages-in-epstein-case</link>
					<comments>https://xnftcrypto.com/virgin-islands-says-jpmorgan-should-pay-damages-in-epstein-case/#respond</comments>
		
		<dc:creator><![CDATA[xnftcrypto]]></dc:creator>
		<pubDate>Sat, 15 Jul 2023 05:55:37 +0000</pubDate>
				<category><![CDATA[Investment]]></category>
		<category><![CDATA[Breaking News: Politics]]></category>
		<category><![CDATA[business news]]></category>
		<category><![CDATA[Civil rights violations]]></category>
		<category><![CDATA[Collusion]]></category>
		<category><![CDATA[Deutsche Bank AG]]></category>
		<category><![CDATA[Jeffrey Epstein]]></category>
		<category><![CDATA[JPMorgan Chase & Co]]></category>
		<category><![CDATA[Lawsuits]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[Securities fraud]]></category>
		<category><![CDATA[Social issues]]></category>
		<category><![CDATA[U.S. Virgin Islands]]></category>
		<category><![CDATA[Virgin Galactic Holdings Inc]]></category>
		<guid isPermaLink="false">https://xnftcrypto.com/virgin-islands-says-jpmorgan-should-pay-damages-in-epstein-case/</guid>

					<description><![CDATA[<div style="margin-bottom:20px;"><img width="1920" height="1080" src="https://xnftcrypto.com/wp-content/uploads/2023/07/Virgin-Islands-says-JPMorgan-should-pay-damages-in-Epstein-case.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" srcset="https://xnftcrypto.com/wp-content/uploads/2023/07/Virgin-Islands-says-JPMorgan-should-pay-damages-in-Epstein-case.jpg 1920w, https://xnftcrypto.com/wp-content/uploads/2023/07/Virgin-Islands-says-JPMorgan-should-pay-damages-in-Epstein-case-300x169.jpg 300w, https://xnftcrypto.com/wp-content/uploads/2023/07/Virgin-Islands-says-JPMorgan-should-pay-damages-in-Epstein-case-1024x576.jpg 1024w, https://xnftcrypto.com/wp-content/uploads/2023/07/Virgin-Islands-says-JPMorgan-should-pay-damages-in-Epstein-case-768x432.jpg 768w, https://xnftcrypto.com/wp-content/uploads/2023/07/Virgin-Islands-says-JPMorgan-should-pay-damages-in-Epstein-case-1536x864.jpg 1536w" sizes="(max-width: 1920px) 100vw, 1920px" /></div>
<p>[ad_1] The government of the U.S. Virgin Islands in a court filing Friday estimated that it will seek damages of at least $190 million from JPMorgan Chase in a lawsuit accusing the big bank of facilitating sex trafficking by its former long-time customer Jeffrey Epstein. The Virgin Islands also said it wants an order requiring [&#8230;]</p>
<p>The post <a href="https://xnftcrypto.com/virgin-islands-says-jpmorgan-should-pay-damages-in-epstein-case/">Virgin Islands says JPMorgan should pay damages in Epstein case</a> appeared first on <a href="https://xnftcrypto.com">Exchange NFT &amp; CRYPTO</a>.</p>
]]></description>
										<content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="1920" height="1080" src="https://xnftcrypto.com/wp-content/uploads/2023/07/Virgin-Islands-says-JPMorgan-should-pay-damages-in-Epstein-case.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://xnftcrypto.com/wp-content/uploads/2023/07/Virgin-Islands-says-JPMorgan-should-pay-damages-in-Epstein-case.jpg 1920w, https://xnftcrypto.com/wp-content/uploads/2023/07/Virgin-Islands-says-JPMorgan-should-pay-damages-in-Epstein-case-300x169.jpg 300w, https://xnftcrypto.com/wp-content/uploads/2023/07/Virgin-Islands-says-JPMorgan-should-pay-damages-in-Epstein-case-1024x576.jpg 1024w, https://xnftcrypto.com/wp-content/uploads/2023/07/Virgin-Islands-says-JPMorgan-should-pay-damages-in-Epstein-case-768x432.jpg 768w, https://xnftcrypto.com/wp-content/uploads/2023/07/Virgin-Islands-says-JPMorgan-should-pay-damages-in-Epstein-case-1536x864.jpg 1536w" sizes="auto, (max-width: 1920px) 100vw, 1920px" /></div><p> [ad_1]<br />
</p>
<div>
<p>The government of the U.S. Virgin Islands in a court filing Friday estimated that it will seek damages of at least $190 million from <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-3">JPMorgan Chase<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><span class="AddToWatchlistButton-addWatchListFromTag"/></span></span></span> in a lawsuit accusing the big bank of facilitating sex trafficking by its former long-time customer Jeffrey Epstein.</p>
<p>The Virgin Islands also said it wants an order requiring JPMorgan to take a series of steps to protect young women and girls from other predators in the future. </p>
<p>&#8220;These sets of recommendations aim to address the same core problem: JPMorgan&#8217;s knowledge ofand failure to report Epstein&#8217;s trafficking because it lacked the economic incentive and motivationto place compliance with the law and prevention of trafficking ahead of its own profits,&#8221; the filing in U.S. District Court in Manhattan says.</p>
<p>The American territory also said it will seek further compensatory damages specifically for victims of Epstein beyond the nearly $300 million JPMorgan agreed to pay victims last month to settle a lawsuit by one of his accusers. The filing did not give an amount for those additional damages from the bank, which has staunchly denied any wrongdoing.</p>
<p>The new filing came in response to a request last week by Judge Jed Rakoff that the territory detail the damages it seeks in the case as it heads toward a scheduled Oct. 23 trial.</p>
<p>The Virgin Islands&#8217; suit accuses JPMorgan of benefiting from Epstein&#8217;s trafficking of young women to be abused by him and others during the 15 years he was a client of the bank, which is the largest in the United States.</p>
<p>The complaint alleges JPMorgan allowed Epstein to keep many millions of dollars in accounts at the bank, which he used to fund his trafficking of women, despite multiple red flags about him raised by bank employees over the years. </p>
<p>&#8220;We are pursuing this enforcement action because JPMorgan Chase&#8217;s institutional failure enabled Jeffrey Epstein&#8217;s sex trafficking, and JPMorgan Chase must make significant changes to detect, report and stop human trafficking,&#8221; said U.S. Virgin Islands Attorney General Ariel Smith in a statement Friday.</p>
<p>&#8220;Financial penalties, as well as conduct changes, are important to make sure that JPMorgan Chase knows the cost of putting its own profits ahead of public safety,&#8221; said Smith.</p>
<p>She said that if the Virgin Islands wins its suit, it will uses the monetary damages it receives &#8220;to support efforts to strengthen, inform, and expand local law enforcement and enhance the Virgin Islands&#8217; services for victims of human trafficking and other victims of crime.&#8221;</p>
<p>A JPMorgan spokeswoman, when asked for comment about the filing, indicated for what appears to be the first time that the bank&#8217;s attorneys have discussed a possible settlement of the lawsuit with lawyers for the Virgin Islands, which would avoid a trial.</p>
<p>&#8220;This document does not reflect the nature of settlement conversations,&#8221; said the spokeswoman, Patricia Wexler. &#8221; As for the USVI&#8217;s misdirected damages theories, they are not well founded and are being challenged by JPM in court.&#8221;</p>
<p>It is common in civil litigation for cases to be settled without trial.</p>
<p>The filing says the Virgin Islands wants at least $150 million in civil penalties alone. The filing also says that it wants JPMorgan to disgorge at least another $40 million in fees that Epstein generated for the bank, and that JPMorgan received from &#8220;many ultra-high net worth clients&#8221; he referred to the bank.</p>
<p>Those people, the filing said, included Google co-founder Sergey Brin, Microsoft founder Bill Gates, Lex Wexner, the founder of Limited Brands, and the billionaire Glenn Dubin.</p>
<p>A spokesperson for Gates contacted CNBC after this article first was published, and in an email, &#8220;Mr. Gates was never a client of JP Morgan.&#8221;</p>
<p>In addition to the monetary damages, the Virgin Islands also is asking JPMorgan be compelled &#8220;to implement new policies, including separating its business and compliance functions and designating an independent compliance consultant, to prevent human trafficking,&#8221; according to a press release by Smith&#8217;s office.</p>
<p>JPMorgan in its own court filings has accused the Virgin Islands itself of being &#8220;complicit in the crimes of Jeffrey Epstein.&#8221; </p>
<p>The bank alleges Epstein gave high-ranking officials there money, advice and favors in exchange for looking the other way when he trafficked young women to be abused there.</p>
<p>Epstein had a residence on a private island in the territory, where accusers say he and other people sexually abused them.</p>
<p>Last month in the same court where the Virgin Islands is suing the bank JPMorgan agreed, without admitting wrongdoing, to pay $290 million to victims of Epstein to settle a suit by one of his accusers.</p>
<p>In May, <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-8">Deutsche Bank<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><span class="AddToWatchlistButton-addWatchListFromTag"/></span></span></span> agreed to pay Epstein victims $75 million to settle a separate lawsuit by an accuser who accused that back of abetting his sex trafficking of her and others. Deutsche Bank took on Epstein as a customer after JPMorgan severed ties with him in 2013, years after bank employees first voiced concerns about him.</p>
<p>Deutsche Bank previously agreed to pay New York state&#8217;s Department of Financial Services a $150 million penalty for failure to detect or prevent millions of dollars of suspicious transactions related to Epstein, which included &#8220;payments to Russian models and to numerous women with Eastern European surnames,&#8221; the filing Friday by the Virgin Islands noted.</p>
<p>Epstein, who had been a friend to former Presidents Donald Trump and Bill Clinton, as well as  Prince Andrew of Great Britain, pleaded guilty in 2008 to a Florida state charge of soliciting sex from an underage girl. He served 13 months in jail, but spent much of that time on work release each day.</p>
<p>Epstein, then 66, killed himself in a federal jail in New York in August 2019, a month after he was arrested on federal child sex trafficking charges.</p>
</div>
<p>[ad_2]<br />
<br /><a href="https://www.cnbc.com/2023/07/14/virgin-islands-says-jpmorgan-should-pay-damages-in-epstein-case.html">Source link </a></p>
<p>The post <a href="https://xnftcrypto.com/virgin-islands-says-jpmorgan-should-pay-damages-in-epstein-case/">Virgin Islands says JPMorgan should pay damages in Epstein case</a> appeared first on <a href="https://xnftcrypto.com">Exchange NFT &amp; CRYPTO</a>.</p>
]]></content:encoded>
					
					<wfw:commentRss>https://xnftcrypto.com/virgin-islands-says-jpmorgan-should-pay-damages-in-epstein-case/feed/</wfw:commentRss>
			<slash:comments>0</slash:comments>
		
		
			</item>
		<item>
		<title>Judge warns JPMorgan Chase in Jeffrey Epstein evidence issue</title>
		<link>https://xnftcrypto.com/judge-warns-jpmorgan-chase-in-jeffrey-epstein-evidence-issue/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=judge-warns-jpmorgan-chase-in-jeffrey-epstein-evidence-issue</link>
					<comments>https://xnftcrypto.com/judge-warns-jpmorgan-chase-in-jeffrey-epstein-evidence-issue/#respond</comments>
		
		<dc:creator><![CDATA[xnftcrypto]]></dc:creator>
		<pubDate>Sun, 14 May 2023 02:25:58 +0000</pubDate>
				<category><![CDATA[Investment]]></category>
		<category><![CDATA[Banks]]></category>
		<category><![CDATA[Bill Clinton]]></category>
		<category><![CDATA[Breaking News: Politics]]></category>
		<category><![CDATA[business news]]></category>
		<category><![CDATA[Crime]]></category>
		<category><![CDATA[Donald Trump]]></category>
		<category><![CDATA[Jamie Dimon]]></category>
		<category><![CDATA[Jed Rakoff]]></category>
		<category><![CDATA[Jeffrey Epstein]]></category>
		<category><![CDATA[JPMorgan Chase & Co]]></category>
		<category><![CDATA[Laws]]></category>
		<category><![CDATA[Lawsuits]]></category>
		<category><![CDATA[New York]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[Sexual assault]]></category>
		<category><![CDATA[Social issues]]></category>
		<category><![CDATA[U.S. Virgin Islands]]></category>
		<guid isPermaLink="false">https://xnftcrypto.com/judge-warns-jpmorgan-chase-in-jeffrey-epstein-evidence-issue/</guid>

					<description><![CDATA[<div style="margin-bottom:20px;"><img width="1920" height="1080" src="https://xnftcrypto.com/wp-content/uploads/2023/05/Judge-warns-JPMorgan-Chase-in-Jeffrey-Epstein-evidence-issue.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://xnftcrypto.com/wp-content/uploads/2023/05/Judge-warns-JPMorgan-Chase-in-Jeffrey-Epstein-evidence-issue.jpg 1920w, https://xnftcrypto.com/wp-content/uploads/2023/05/Judge-warns-JPMorgan-Chase-in-Jeffrey-Epstein-evidence-issue-300x169.jpg 300w, https://xnftcrypto.com/wp-content/uploads/2023/05/Judge-warns-JPMorgan-Chase-in-Jeffrey-Epstein-evidence-issue-1024x576.jpg 1024w, https://xnftcrypto.com/wp-content/uploads/2023/05/Judge-warns-JPMorgan-Chase-in-Jeffrey-Epstein-evidence-issue-768x432.jpg 768w, https://xnftcrypto.com/wp-content/uploads/2023/05/Judge-warns-JPMorgan-Chase-in-Jeffrey-Epstein-evidence-issue-1536x864.jpg 1536w" sizes="auto, (max-width: 1920px) 100vw, 1920px" /></div>
<p>[ad_1] A New York federal judge warned JPMorgan Chase that he might find the bank in contempt of court if it does not speed up in producing evidence related to late sexual offender and money manager Jeffrey Epstein for lawsuits by an Epstein accuser and the government of the U.S. Virgin Islands, CNBC has learned. [&#8230;]</p>
<p>The post <a href="https://xnftcrypto.com/judge-warns-jpmorgan-chase-in-jeffrey-epstein-evidence-issue/">Judge warns JPMorgan Chase in Jeffrey Epstein evidence issue</a> appeared first on <a href="https://xnftcrypto.com">Exchange NFT &amp; CRYPTO</a>.</p>
]]></description>
										<content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="1920" height="1080" src="https://xnftcrypto.com/wp-content/uploads/2023/05/Judge-warns-JPMorgan-Chase-in-Jeffrey-Epstein-evidence-issue.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://xnftcrypto.com/wp-content/uploads/2023/05/Judge-warns-JPMorgan-Chase-in-Jeffrey-Epstein-evidence-issue.jpg 1920w, https://xnftcrypto.com/wp-content/uploads/2023/05/Judge-warns-JPMorgan-Chase-in-Jeffrey-Epstein-evidence-issue-300x169.jpg 300w, https://xnftcrypto.com/wp-content/uploads/2023/05/Judge-warns-JPMorgan-Chase-in-Jeffrey-Epstein-evidence-issue-1024x576.jpg 1024w, https://xnftcrypto.com/wp-content/uploads/2023/05/Judge-warns-JPMorgan-Chase-in-Jeffrey-Epstein-evidence-issue-768x432.jpg 768w, https://xnftcrypto.com/wp-content/uploads/2023/05/Judge-warns-JPMorgan-Chase-in-Jeffrey-Epstein-evidence-issue-1536x864.jpg 1536w" sizes="auto, (max-width: 1920px) 100vw, 1920px" /></div><p> [ad_1]<br />
</p>
<div id="RegularArticle-ArticleBody-5" data-module="ArticleBody" data-test="articleBody-2" data-analytics="RegularArticle-articleBody-5-2"><span class="HighlightShare-hidden" style="top:0;left:0"/></p>
<div role="region" aria-labelledby="Placeholder-ArticleBody-Video-107240720">
<div role="button" tabindex="0" id="Placeholder-ArticleBody-Video-107240720" class="PlaceHolder-wrapper" data-vilynx-id="7000299029" data-test="VideoPlaceHolder">
<div class="InlineVideo-videoEmbed" id="InlineVideo-0" data-test="InlineVideo">
<div class="InlineVideo-wrapper">
<div class="InlineVideo-inlineThumbnailContainer"><img decoding="async" class="InlineVideo-videoThumbnail" src="https://image.cnbcfm.com/api/v1/image/107240721-16839343941683934390-29426573733-1080pnbcnews.jpg?v=1683935059&amp;w=750&amp;h=422&amp;vtcrop=y" alt="Judge reprimands JPMorgan with contempt of court in Epstein case"/><span class="InlineVideo-videoButton"/><span/></div>
</div>
</div>
</div>
</div>
<div class="group">
<p>A New York federal judge warned <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-1">JPMorgan Chase<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><span class="AddToWatchlistButton-addWatchListFromTag"/></span></span></span> that he might find the bank in contempt of court if it does not speed up in producing evidence related to late sexual offender and money manager Jeffrey Epstein for lawsuits by an Epstein accuser and the government of the U.S. Virgin Islands, CNBC has learned.</p>
<p>Judge Jed Rakoff suggested in a notice that JPMorgan and two law firms representing the bank have been slow-walking in turning over documents and other evidence to plaintiffs in the case, under a process known as discovery, according to a source familiar with the notice.</p>
<p>The notice comes two weeks before JPMorgan CEO Jamie Dimon is scheduled to be questioned under oath by plaintiffs&#8217; lawyers for the civil suits, which accuse his bank of enabling and benefiting from Epstein&#8217;s alleged sex trafficking of young women.</p>
<p>&#8220;The Court also wishes to note that it is concerned that JPMorgan is not moving more expeditiously to produce responsive documents,&#8221; Rakoff wrote in the notice, which has yet to appear on the public docket in the case in U.S. District Court in Manhattan.</p>
<p>&#8220;While the Court appreciates the large volume of discovery that is to be completed in this case, a company as large as JPMorgan and counsel as experienced as WilmerHale and Massey &amp; Gail should be able to move with greater speed than what was revealed by this incident,&#8221; the judge wrote, referring to the bank&#8217;s two law firms.</p>
<p>&#8220;So JPMorgan is put on notice that further expedition will be needed on pain of being put in contempt of Court,&#8221; Rakoff wrote.</p>
<p>A JPMorgan spokesperson had no comment on the notice.</p>
</div>
<div class="InlineImage-imageEmbed" id="ArticleBody-InlineImage-106009827" data-test="InlineImage">
<div class="InlineImage-wrapper">
<div>
<p>Jeffrey Epstein attends Launch of RADAR MAGAZINE at Hotel QT on May 18, 2005.</p>
<p>Patrick McMullan | Getty Images</p>
</div>
</div>
</div>
<div class="group">
<p>Epstein, who died from a jailhouse suicide in 2019 shortly after being arrested on federal child sex trafficking charges, was a long-time customer of the bank until 2013.</p>
<p>The lawsuits allege the bank allowed Epstein to remain a client despite evidence he was using millions of dollars he kept on deposit to facilitate his trafficking of girls and young women to his private island in the Virgin Islands and elsewhere.</p>
</div>
<div class="group">
<div class="RelatedContent-relatedContent" id="RegularArticle-RelatedContent-1">
<div class="RelatedContent-container">
<div class="RelatedContent-nonCollapsibleContent">
<h2 class="RelatedContent-header">CNBC Politics</h2>
<div class="group">
<p>Read more of CNBC&#8217;s politics coverage:</p>
</div>
</div>
</div>
</div>
</div>
<div class="group">
<p>Five years before JPMorgan ended its customer relationship with Epstein, he pleaded guilty in Florida state court to soliciting sex for money from an underage girl and served 13 months in jail. </p>
<p>Before his conviction, Epstein was friends with former presidents Donald Trump and Bill Clinton, as well as Prince Andrew of Britain.</p>
<p>JPMorgan denies any wrongdoing, and in its own civil complaint the company has said former bank executive Jes Staley would be legally responsible for any liability arising from its relationship with Epstein.</p>
<p>Staley spent three decades at JPMorgan and had close contact with Epstein — whom he considered a friend — over the years when Epstein was a customer.</p>
<p>Rakoff, in a court ruling published in early May, noted that &#8220;plaintiffs allege that Mr. Staley had first-hand knowledge of Jeffrey Epstein&#8217;s sex-trafficking operation.&#8221;</p>
<p>&#8220;Mr. Staley is alleged to have visited Epstein&#8217;s residences several times while that operation was ongoing, and, during these visits, observed [the Epstein accuser suing JPMorgan] &#8216;as a sexual trafficking and abuse victim,'&#8221; Rakoff noted.</p>
</div>
<div role="region" aria-labelledby="Placeholder-ArticleBody-Video-106024521">
<div role="button" tabindex="0" id="Placeholder-ArticleBody-Video-106024521" class="PlaceHolder-wrapper" data-vilynx-id="7000089554" data-test="VideoPlaceHolder">
<div class="InlineVideo-videoEmbed" id="InlineVideo-0" data-test="InlineVideo">
<div class="InlineVideo-wrapper">
<div class="InlineVideo-inlineThumbnailContainer"><img decoding="async" class="InlineVideo-videoThumbnail" src="https://image.cnbcfm.com/api/v1/image/106024529-1596566627856-eps.jpg?v=1596566643&amp;w=750&amp;h=422&amp;vtcrop=y" alt="NBC archive footage shows Trump partying with Jeffrey Epstein in 1992"/><span class="InlineVideo-videoButton"/><span/></div>
</div>
</div>
</div>
</div>
<div class="group">
<p>&#8220;Plaintiffs further allege that Mr. Staley himself abused some of Epstein&#8217;s victims, including&#8221; the woman suing the bank, the judge wrote. That woman claims that &#8220;&#8216;one of Epstein&#8217;s friends&#8217; — whom she later identified as Mr. Staley — &#8216;used aggressive force in his sexual assault of her and informed [her] that he had Epstein&#8217;s permission to do what he wanted to her.'&#8221;</p>
<p>In his own court filing, Staley called the accusations against him &#8220;baseless,&#8221; and he has denied knowledge of Epstein&#8217;s sex trafficking.</p>
<p>Staley stepped down as CEO of British banking giant Barclays in late 2021 after an inquiry by a United Kingdom regulator into how he had characterized his relationship with Epstein to Barclays.</p>
<p>If you are having suicidal thoughts or are in distress, contact the Suicide &amp; Crisis Lifeline at 988 for support and assistance from a trained counselor.</p>
</div>
</div>
<p>[ad_2]<br />
<br /><a href="https://www.cnbc.com/2023/05/13/judge-warns-jpmorgan-chase-in-jeffrey-epstein-evidence-issue.html">Source link </a></p>
<p>The post <a href="https://xnftcrypto.com/judge-warns-jpmorgan-chase-in-jeffrey-epstein-evidence-issue/">Judge warns JPMorgan Chase in Jeffrey Epstein evidence issue</a> appeared first on <a href="https://xnftcrypto.com">Exchange NFT &amp; CRYPTO</a>.</p>
]]></content:encoded>
					
					<wfw:commentRss>https://xnftcrypto.com/judge-warns-jpmorgan-chase-in-jeffrey-epstein-evidence-issue/feed/</wfw:commentRss>
			<slash:comments>0</slash:comments>
		
		
			</item>
	</channel>
</rss>
