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Mega Edition: The USVI And The Serious Allegations Leveled By JP Morgan (8/14/26)
JPMorgan argued that the U.S. Virgin Islands could not credibly portray itself as an innocent government blindsided by Jeffrey Epstein’s crimes because, according to the bank, territorial officials had cultivated and financially rewarded Epstein for years. In its defense against the USVI lawsuit, JPMorgan pointed to the extraordinary tax benefits granted to Epstein’s companies through the Virgin Islands’ Economic Development Commission, arguing that Financial Trust and Southern Trust received hundreds of millions of dollars in tax advantages even though their claimed economic benefits to the…
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