A lawsuit in Federal Court in New York is pitting the government of the US Virgin Islands territory against America's largest bank, JPMorgan Chase.

The territory is suing the bank for at least $190 million, alleging that it ignored clear 'red flags' about convicted sex offender Jeffrey Epstein's evidence of sex trafficking, because he was a wealthy and lucrative client.

During the pretrial hearings and motions, an enormous quantity of revelations about the Epstein trafficking ring has emerged, drawing the eyes of the world to this suit set to go to trial in late October.

Now, the latest discovery to his the news was the fact that JPMorgan Chase reported to the Treasury Department more than $1 billion in 'suspicious' transactions for the sex predator over 16 years – but they reported it ONLY after Epstein died a suspicious death in prison while awaiting trial.

Daily Mail reported:

An attorney for the bank replied that JPMorgan had indeed notified the Treasury Department about Epstein's transactions several times before his death, including as early as 2002.

Suspicious activity reports are not public, so the various press outlets were not able to verity the veracity of these facts.

JPMorgan has consistently denied knowing that Epstein was running a sex trafficking operation, even though he was a close friend to top executive Jes Staley.

The bank has also accused US Virgin Islands of malfeasance in the matter, using the discovery to demonstrate that top USVI officials gave him tax breaks and waived sex-offender monitoring requirements – in exchange for cash and gifts.

An October 23 trial is scheduled.

Reuters reported:

An Oct. 23 trial is scheduled.

Read more here:

The post USVI Versus JPMorgan Chase: America's Largest Bank Reported $1 BILLION in Suspicious Jeffrey Epstein Transactions to the US Treasury – But Only AFTER He Suspiciously Died in Prison While Awaiting Trial appeared first on The Gateway Pundit.