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Khan describes Epsteins complex web of accounts, cash practices and bank transitions
Summary
Khan told the committee Epstein maintained roughly 2530 bank accounts across properties and investments, that JPMorgan dropped Epstein around 2013 and Deutsche Bank later cut ties, and that Epstein explored starting an international bank in the U.S. Virgin Islands after losing major banking relationships.
In testimony before the House Committee on Oversight and Government Reform, Richard Khan gave a sustained account of Jeffrey Epsteins banking and cash-handling practices and the estates post-publication scramble for new banking relationships.
Khan said Epstein maintained approximately 25 to 30 bank accounts across entities that held homes, aircraft and investments. JPMorgan Chase was Epsteins primary bank until it ended the relationship around 2013; Epstein then shifted much of his business to Deutsche Bank, which Khan said later terminated Epstein's accounts after publicity around the Miami Herald series in 2018. "JPMorgan dropped Epstein as a…
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