JPMorgan, Google Among Firms Told to Preserve Records in Epstein Ranch Probe

The US Virgin Islands attorney general has asked JPMorgan Chase (JPM), Alphabet's Google (GOOGL, GOOG), and more than two dozen other companies to preserve records related to Jeffrey Epstein. The request is part of an investigation into Epstein's properties on the island, according to Reuters.

Details of the Action

The attorney general issued subpoenas to the companies, requiring them to retain any records or communications related to Epstein or his properties in the territory. The full list of targeted companies has not been disclosed, but JPMorgan and Google are among the prominent names.

Company Response

Neither JPMorgan nor Google has officially commented on the request. JPMorgan has previously faced lawsuits related to its alleged ties to Epstein.

Precedents and Context

This investigation is the latest in a series of probes into Epstein's activities following his death in 2019. The US Virgin Islands was home to Epstein's private island, and the territory filed a lawsuit against his estate in 2020.

Potential Financial Impact

It is too early to estimate the financial impact, but companies could face fines or legal liabilities if found to have violated laws. Investors are closely watching developments.