Top Dem Reveals How JPMorgan Chase Helped Epstein Hide His Crimes
Senator Ron Wyden accused the bank of obstructing law enforcement from examining the financial infrastructure of Jeffrey Epstein’s sex-trafficking network.

A report released by Senate Finance Committee Chair Ron Wyden on Thursday called for Congress to further investigate JP Morgan Chase over its ties to Jeffrey Epstein, one of the bank’s biggest clients, and his alleged sex-trafficking organization.
Before Epstein was arrested in September 2019, JPMorgan Chase reported only a handful of “suspicious activity reports” documenting roughly $4.3 million worth of transactions from his accounts between 2002 and 2016. After he was arrested, and subsequently died in prison, JPMorgan Chase filed “far more comprehensive” reports documenting an additional 5,000 wire transfers moving $1.3 billion in and out of Epstein’s accounts—a total that was 300 times greater than what was previously disclosed.
The report suggests that JPMorgan Chase executives waited to disclose his suspicious transactions to regulators in order “to continue working with Epstein,” even after he was terminated as a client in 2013 over money-laundering concerns. Citing newly unsealed emails, the report indicated this was done because of Epstein’s influence over billionaire Leon Black.
The report implicates multiple JPMorgan Chase executives, who apparently closely monitored the alleged sex trafficker’s accounts, reporting to CEO Jamie Dimon.
In March 2012, John Duffy, the former CEO of JPMorgan’s U.S. Private Bank, instructed Epstein on how to make large withdrawals from his account without raising alarms at the bank, newly unsealed emails showed. In August 2013, Mary Erdoes, the CEO of the wealth and asset management division of JPMorgan who remained in near constant contact with the alleged sex trafficker, “blessed” efforts to continue doing business with Epstein, according to the report.
Wyden said that the extent of the bank’s underreporting went “beyond a total compliance breakdown.”
“It’s impossible to believe the decisions that led to the coverup of Epstein’s financial transactions regarding his sex trafficking never reached the very top,” he wrote in a series of posts on X. “Given the scale of Epstein’s trafficking operation, it’s clear that many more powerful people were involved. My staff have seen a paper trail with their own eyes. Banks that helped enable him should be investigated. As should anybody involved in Epstein’s trafficking ring.”
Earlier this week, House Oversight Committee Chair Jamer Comer subpoenaed JPMorgan Chase for access to some of Epstein’s financial records.








