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JPMorgan did not admit any wrongdoing in the settlement, which will give $55 million to Virgin Islands charities and the American territory's anti-trafficking efforts. The remaining $20 million will cover attorneys' fees incurred by the Virgin Islands as part of the litigation in federal court in New York. The Virgin Islands said the deal "includes several substantial commitments by JPMorgan Chase to identify, report, and cut off support for potential human trafficking, including establishing and implementing comprehensive policies and procedures." Virgin Islands Attorney General Ariel Smith said the agreement settles what was the first enforcement action against a bank for facilitating and profiting from human trafficking. The Virgin Islands previously obtained a $105 million settlement from Epstein's estate, and another $62.5 million from billionaire investor Leon Black to resolve potential claims related to Epstein.
Persons: JPMorgan Chase, Jeffrey Epstein, Ghislaine Maxwell, Rod Stewart, Cipriani, Joe Schildhorn, Patrick McMullan, Jes Staley, Epstein, Staley, Ariel Smith, Smith, Boies Schiller Flexner, Stephanie Keith, Leon Black, Jamie Dimon, Jed Rakoff, Virgin Organizations: JPMorgan, U.S . Virgin, Virgin Islands, Virgin, Barclays Plc, Bloomberg, Getty Images Bloomberg, Getty, Treasury Department Locations: New York, New York City, U.S, Manhattan, Virgin, Epstein's, Florida
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBiden at United Nations: AI holds enormous potential and must not be used for oppressionCNBC's Eamon Javers reports on the latest news from the United Nations General Assembly 78.
Persons: CNBC's Eamon Javers Organizations: Biden, United Nations
Top tech CEOs to discuss the future of AI on Capitol Hill
  + stars: | 2023-09-13 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTop tech CEOs to discuss the future of AI on Capitol HillCNBC’s Eamon Javers reports on the latest from the top tech executives' artificial intelligence hearing on Capitol Hill.
Persons: Eamon Javers Organizations: AI, Capitol
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEverybody recognizes the U.S. is in the lead when it comes to AI, says Meta's Nick CleggNick Clegg, Meta Global Affairs president, and CNBC's Eamon Javers join 'Fast Money' to talk today's Capitol Hill hearing concerning AI.
Persons: Meta's Nick Clegg Nick Clegg, CNBC's Eamon Javers Organizations: Meta Global Affairs
Elon Musk: The consequences of AI going wrong are severe
  + stars: | 2023-09-13 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailElon Musk: The consequences of AI going wrong are severeCNBC's Eamon Javers joins 'The Exchange' to share takeaways from the tech CEO meeting on Capitol Hill, risks to civilization posed by AI, and the need for AI regulation.
Persons: Elon, Eamon Javers Organizations: Capitol
Senate Majority Leader Chuck Schumer, D-N.Y., hosted the panel of tech executives, labor and civil rights leaders as part of the Senate's inaugural "AI Insight Forum." Google CEO Sundar Pichai, arrives for a US Senate bipartisan Artificial Intelligence (AI) Insight Forum at the US Capitol in Washington, DC, on September 13, 2023. Working toward legislationSchumer said in his prepared remarks that the event marked the beginning of "an enormous and complex and vital undertaking: building a foundation for bipartisan AI policy that Congress can pass." Successful legislation will need to be bipartisan, Schumer added, saying he'd spoken with House Speaker Kevin McCarthy, R-Calif., who was "encouraging." Sen. Maria Cantwell, D-Wash., who leads the Commerce Committee, predicted lawmakers could get AI legislation "done in the next year."
Persons: Elon Musk, Alex Karp, Chuck Schumer, Leah Millis, CNBC's Eamon Javers, Sens, Mike Rounds, Martin Heinrich, Todd Young, Schumer, Sam Altman, Eric Schmidt, Mark Zuckerberg, Sundar Pichai, Jensen Huang, Satya Nadella, Arvind Krishna, Bill Gates, Charles Rivkin, Liz Shuler, Meredith Steihm, Randi Weingarten, Maya Wiley, CIO's Shuler, Musk, Shuler, Sen, Pichai, Mandel Ngan, Meta's Zuckerberg, Meta, Julia Nikhinson, Reuters Schumer, Kevin McCarthy, he'd, Young, Maria Cantwell, Altman, We're, Elon Organizations: Intelligence, Senate, U.S, Capitol, Reuters Tech, Microsoft Nvidia, IBM, Microsoft, Former, Tesla, Meta, Nvidia, Federation of Teachers, Civil, Human Rights, AFL, Artificial Intelligence, AFP, Getty, EU, Reuters, Chinese Communist Party, Commerce, Science, CNBC, YouTube Locations: Washington , U.S, U.S, Washington ,, Washington, deepfakes
Top tech CEOs discussed the future of AI with senators
  + stars: | 2023-09-13 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTop tech CEOs discussed the future of AI with senatorsCNBC's Eamon Javers and Emily Wilkins join 'Power Lunch' to report on the latest from today's AI regulation meeting on Capitol Hill.
Persons: CNBC's Eamon Javers, Emily Wilkins Organizations: Capitol
DOJ takes on Google: Historic antitrust trial kicks off
  + stars: | 2023-09-12 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDOJ takes on Google: Historic antitrust trial kicks offCNBC's Eamon Javers reports on the latest news from Google's antitrust trail.
Persons: Eamon Javers Organizations: Google
DOJ calls first witness in suit against Google
  + stars: | 2023-09-12 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDOJ calls first witness in suit against GoogleCNBC's Eamon Javers joins 'Power Lunch' to report on the DOJ's suit against Google.
Persons: Eamon Javers Organizations: DOJ, Google
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA bitcoin ETF is extremely important for the institutional adoption of crypto: Coinbase's ShirzadFaryar Shirzad, Coinbase chief policy officer, and CNBC's Eamon Javers join 'The Exchange' to discuss regulatory changes in the crypto world, how Coinbase stands to profit from a bitcoin ETF, and protecting investors from the downside of bitcoin volatility.
Persons: CNBC's Eamon Javers
Facebook and Instagram parent company Meta on Tuesday said it had disrupted a disinformation campaign linked to Chinese law enforcement that the social media company described as the "largest known cross-platform covert influence operation in the world." Meta began looking for signs of a Chinese influence operation on its own platforms after reports in 2022 highlighted how a disinformation campaign linked to the Chinese government targeted a human rights nongovernmental organization. Meta researchers were able to link this latest disinformation network to a prior influence campaign in 2019, code named Spamouflage. Meta also identified and disrupted other operations and published a more detailed analysis of a Russian disinformation campaign it identified shortly after the beginning of the 2022 war in Ukraine. But this disinformation network, while prolific, was not effective, Meta cybersecurity executives said on a briefing call.
Persons: Meta, Ben Nimmo, CNBC's Eamon Javers Organizations: Meta, Facebook Locations: China, Xinjiang, Ukraine, Cambridge, Bangladesh, Brazil, Vietnam
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGOP candidates take on Trump, China and the economy in first debateCNBC's Eamon Javers joins 'Squawk Box' with a recap of the first 2024 debate.
Persons: Eamon Javers Locations: Trump, China
The Manhattan federal court filing detailing her connection to Epstein was filed by the government of the U.S. Virgin Islands, which is suing JPMorgan. On Tuesday, newly unsealed court filings by the bank show that Epstein was asked by former U.S. Virgin Islands Gov. A spokesman for the Virgin Islands' Attorney General's Office told CNBC that Epstein's loan to former Gov. The Virgin Islands spokesman also said that "it was the federal government and not the Virgin Islands government that granted the 'U.S. Epstein was not severed as a JPMorgan client for another two years.
Persons: Kathy Ruemmler, William B, Plowman, NBCUniversal, Jeffrey Epstein, Kathryn Ruemmler, Ruemmler, Goldman Sachs, , Epstein, JPMorgan, Barack Obama, Leslie Groff, Mary Erdoes, Stacey Friedman, litigator, Latham, Watkins, Nicholas Ribis, Donald Trump, Ribis, Virgin, Jes Staley, John de Jongh Jr, Jongh, de, Cecile, General's, de Jongh, John de Jongh, Erdoes, Bear Stearns, Staley Organizations: White, Washington , D.C, Obama White, JPMorgan Chase, JPMorgan, CNBC, U.S ., Virgin, U.S . Virgin Islands Gov, Southern Trust Company, Virgin Islands, Customs, Border, Gov, Virgin Islands Department of Justice, U.S . Customs Locations: Washington ,, Manhattan, Florida, U.S, U.S . Virgin, Latham, Virgin
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExecutive order on Chinese tech investing impacts semiconductors, A.I., and quantum computingCNBC's Eamon Javers joins 'Closing Bell Overtime' with an update on the White House's executive order targeting Chinese tech investing.
Persons: Eamon Javers Organizations: White
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPresident Biden expected to announce executive order on Chinese investments todayCNBC's Eamon Javers joins 'Halftime Report' to discuss an upcoming executive order on investment in China the time period for industry to comment before the order is enacted, and decoupling of the American and Chinese investments.
Persons: Biden, Eamon Javers Locations: China
Former President Trump heads to D.C. courthouse for arraignment
  + stars: | 2023-08-03 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer President Trump heads to D.C. courthouse for arraignmentCNBC's Eamon Javers joins 'Closing Bell' to discuss Former President Donald Trump's upcoming arraignment at a DC courthouse.
Persons: Trump, CNBC's Eamon Javers, Donald Trump's
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email‘Crypto Couple’ plead guilty to two counts in Bitcoin laundering caseCNBC's Eamon Javers joins 'The Exchange' to report on the latest with couple accused of a massive crypto laundering scheme as they appear in court today.
Persons: , , Eamon Javers
Donations to Trump campaign spike after court appearances
  + stars: | 2023-08-03 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDonations to Trump campaign spike after court appearancesDoug Heye, fmr. RNC communications director, joins CNBC's Eamon Javers and 'Last Call' to talk the Trump campaign cashing in on recent indictments and court appearances.
Persons: Doug Heye, Eamon Javers Organizations: fmr, RNC, Trump
A New York man on Thursday admitted being the original hacker of bitcoin in the 2016 hack on Bitfinex he pleaded guilty in federal court to a conspiracy to launder the stolen cryptocurrency, which ended up being worth $4.5 billion. Until Thursday's admission in court by Lichtenstein, it was not publicly known who had hacked the bitcoin from the cryptocurrency exchange Bitfinex. Morgan, an aspiring rapper known as "Razzlekahn" and "The Crocodile of Wall Street," was in court for her husband's plea hearing. Lichtenstein and Morgan were charged in the case with attempting to launder more than 119,000 bitcoin stolen in the 2016 hack of the cryptocurrency exchange Bitfinex. "In actuality, Lichtenstein and Morgan used the account to launder proceeds of thehack of" Bitfinex, the filing charges.
Persons: Ilya, Dutch, Lichtenstein, Heather Rhiannon Morgan, Morgan, Donald Trump, launder Organizations: Washington , D.C, Department of Justice, DOJ, U.S, Attorney's, District of Columbia, Prosecutors, Netflix Locations: York, Washington ,, Russian
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrump pleads not guilty to charges of attempting to overturn 2020 election resultsCNBC's Eamon Javers joins 'Closing Bell Overtime' with news former President Trump plead not guilty to charges relating to the 2020 election.
Persons: Email Trump, Eamon Javers, Trump Organizations: Email
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFmr. President Trump says he expects to be indicted by special counsel soonCNBC's Eamon Javers joins 'Closing Bell Overtime' with breaking news that Fmr. President Donald Trump announced via social media he expects to be indicted at by special counsel at 5PM EST.
Persons: Trump, CNBC's Eamon Javers, Donald Trump Organizations: 5PM
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIndictment claims Fmr. President Trump knew election claims were falseCNBC's Eamon Javers joins 'Fast Money' with the latest on Former President Trump's indictment by a special counsel in relation to the 2020 election.
Persons: Fmr, Trump, Eamon Javers, Trump's
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSpecial Counsel Jack Smith speaks after grand jury charges Fmr. President TrumpCNBC's Eamon Javers joins 'Last Call' with the latest on Fmr. President Trump's indictment connected to the 2020 election.
Persons: Jack Smith, Trump CNBC's Eamon Javers, Trump's
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFmr. President Trump indicted on four counts in special counsel 2020 election probeCNBC's Eamon Javers joins 'Fast Money' with the latest on Fmr. President Trump's indictment by a special counsel connected to the 2020 election.
Persons: Trump, Eamon Javers, Trump's
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhite House secures pledges for A.I. security from Microsoft, Google, OpenAI and moreCNBC's Eamon Javers and Steve Kovach join 'The Exchange' to discuss efforts to develop a legal regime for regulating A.I. technologies in the U.S. and abroad.
Persons: Eamon Javers, Steve Kovach Organizations: Microsoft, Google Locations: U.S
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