We Could Have Stopped Epstein-Corr": Democrats Target Wall Street.
Democrats are preparing to put Wall Street on trial for Jeffrey Epstein. When the majority of their new Congress is sworn in in January, they plan to investigate whether executives at JPMorgan Chase, Deutsche Bank and Bank of America knew about — or even helped — them. Epstein's crimes.
"If they had done nothing but follow the law for years and years, we could have stopped Epstein-Cohr," says Senator Ron Wyden, who is set to head the Senate Finance Committee and has vowed to use "all the tools" at his disposal, including subpoenas to senior executives.
The push builds on Wyden's August report accusing Bank of America of violating anti-money laundering laws by failing to properly screen and report $170 million in payments Epstein received from investor Leon Black, Deutsche Bank of ignoring "massive cash withdrawals for dubious purposes" and J.J. According to Morgan in the underreporting of suspicious girls in suspicious activity of girls or young women. Epstein's houses.
The three banks have already paid Epstein's victims a total of $437.5 million in settled claims, but Democrats argue that liability should not end with civil settlements. Rep. Robert Garcia, the incoming chairman of the House Oversight Panel, blasted the current leadership for not holding "one public hearing" on the Epstein investigation, while Rep.-elect Brad Lander framed the effort as part of a broader fight against "all Trumpian corruption. ".
Democrats are also pushing the "Epstein Wall Street Records Act," which would force the Fed and the SEC to publicly disclose regulatory records and investigate banks and executives linked to Epstein. Representative Teresa Leger Fernandez explained: "We want to be able to follow the money, because that's the part of corruption and that's the part of power that Americans are so angry about. That the rich and powerful will get away with crime. ".