US Virgin Islands

The US Virgin Islands are suing JPMorgan over its ties to Jeffrey Epstein.Shutterstock

  • Sergey Brin has been subpoenaed in a lawsuit involving JPMorgan, the Wall Street Journal reported.

  • It wasn’t immediately clear why information was being solicited from him and three other billionaires.

  • The US Virgin Islands are suing JPMorgan over its ties to sex offender Jeffrey Epstein.

Google co-founder Sergey Brin is one of four billionaires subpoenaed in a civil lawsuit alleging JPMorgan’s ties to Jeffrey Epstein, the Wall Street Journal reported on Friday.

The release said the US Virgin Islands Attorney General has asked Brin, as well as Thomas Pritzker, Mortimer Zuckerman and Michael Ovitz, for notices and documents related to the late financier and the bank in their civil case.

Unknown sources told the Journal it was not clear why the four had been subpoenaed. Attorneys may request information from parties not directly related to a case, but could help provide evidence for a case.

Brin holds most of his wealth in shares of Alphabet, Google’s parent company. Pritzker is the managing director of Hyatt Hotels; Zuckerman is a real estate magnate who also owns US News & World Report; and Ovitz is a venture capitalist and former Hollywood super agent.

Brin, Pritzker and Zuckerman have a combined net worth of about $100 billion, according to data from the Bloomberg Billionaires Index and Forbes.

Representatives for the four did not immediately respond to insider requests for comment made outside of normal business hours. The Journal could not immediately reach her for comment.

The U.S. Virgin Islands sued JPMorgan late last year, saying it “knowingly enabled, sustained and obscured the human trafficking network operated by Jeffrey Epstein.”

Epstein, who was a resident of the Virgin Islands, worked at JPMorgan for several years while running a coordinated sex trafficking operation. One lawsuit alleged that 20 victims were paid a total of $1 million through JPMorgan accounts.

The bank denies wrongdoing and argues it was unaware of Epstein’s conduct. It hit back at the Virgin Islands lawsuit by saying the jurisdiction “did nothing to stop Epstein’s human trafficking” and attempted to deflect blame.

JPMorgan was sued along with Deutsche Bank by Epstein’s victims in November.

Jamie Dimon, the CEO of JPMorgan, is to be questioned under oath after an agreement between the two sides, the Journal reported last week.

The US Virgin Islands and JPMorgan did not immediately respond to insider requests for comment outside of normal business hours.

Read the original article on Business Insider


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