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After Jeffrey Epstein’s 2019 death, the bank reported more than $1 billion in potentially suspicious transactions.
Oct. 30, 2025, 10:59 p.m. ET
Weeks after Jeffrey Epstein died in federal custody in 2019 awaiting prosecution on sex-trafficking charges, JPMorgan Chase filed a report alerting the U.S. government to tens of millions of dollars of potentially suspicious transactions involving him and prominent Wall Street and business figures.
The so-called suspicious activity report that JPMorgan filed identified transactions with Leon Black, the co-founder of private equity firm Apollo Global Management; Glenn Dubin, a well-known hedge fund manager; the lawyer Alan Dershowitz; and trusts controlled by Leslie Wexner, the retail tycoon.
The nature of the transactions, as well as Mr. Epstein’s role in them, is unclear.
JPMorgan said in its report that it was flagging about 4,700 transactions, totaling more than $1 billion, because they were potentially related to reports of human trafficking involving Mr. Epstein. It also mentioned Mr. Epstein’s wire transfers to Russian banks and sensitivities around “his relationships with two U.S. presidents.” Mr. Epstein at times was close with President Trump and former President Bill Clinton.
None of the men mentioned in the report have been charged with crimes in connection to Mr. Epstein.
The report was included in hundreds of pages of previously sealed court records that JPMorgan released on Thursday at the instruction of a federal judge, Jed S. Rakoff. He ordered the documents unsealed in response to requests from The New York Times and The Wall Street Journal.
Several other suspicious activity reports that JPMorgan filed in the years before Mr. Epstein’s 2019 arrest were also included in the documents released on Thursday. They notified federal regulators to some of Mr. Epstein’s voluminous cash withdrawals, which experts say are a potential hallmark of money laundering and human trafficking.
Yet JPMorgan continued to do business with Mr. Epstein for years. The bank lent him money, moved his funds overseas and enabled payments to some of his sex-trafficking victims, The Times reported in September. Bank employees repeatedly raised concerns about the risks of being associated with Mr. Epstein, but senior executives decided to keep his accounts open.
