Washington: Three lawsuits accusing JPMorgan and Deutsche Bank of knowing or knowing about the benefits of their relationship with convicted sex predator Jeffrey Epstein have been approved by a US judge.

The four-page charge was made public by Manhattan District Judge Jed Rakoff on Tuesday, with a lengthy statement to follow at an "appropriate time."

The first lawsuit against JP Morgan claims the US-based bank "knowingly profited from participating in a sex trafficking enterprise" led by Epstein, who was a client there from 1998 to 2013, and "negligently prevented bodily harm". Failed to exercise reasonable care."

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The lawsuit was filed by an anonymous "Jane Doe" on behalf of a group of pedophile victims.

Judge Rakoff also threw out three of four claims in the US Virgin Islands' own lawsuit against JPMorgan, which claimed the bank encouraged the late predator to engage in sex trafficking.

Jamie Dimon, the current CEO of JPMorgan, was informed that his "billionaire client was a child trafficker" at the time of his 2008 felony conviction for soliciting a minor for prostitution.

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According to Mimi Liu, a lawyer in the US Virgin Islands, where Epstein had a private island. Nevertheless, Dimon continued to work with her for an additional five years.

The plaintiffs, according to JPMorgan's attorneys, did not provide sufficient evidence to establish their knowledge of or involvement in Epstein's sex trafficking operation.

The pedophile was favored because he brought in wealthy clients, according to Doe's solicitor Brad Edwards, who also claimed that the infamous financier's trafficking activities "would have been impossible without the assistance of JPMorgan Chase and later Deutsche Bank."

Even though Epstein had been a registered sex offender since 2008, Doe sued Deutsche Bank in 2013 and eight of her twelve claims against the financial institution were dismissed.

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Plaintiffs are now able to pursue additional pretrial discovery for Rakoff's ruling. Jess Staley, the former JPMorgan CEO who resigned in 2021 because of his ties to Epstein and is a key witness in both lawsuits against the bank, is reportedly scheduled to testify this week.

According to court documents, he and Epstein exchanged more than 1,200 emails, many with references to young women. Rakoff last week tentatively set October 23 trial dates for both JPMorgan cases.