Officials in the U.S. Virgin Islands on Monday subpoenaed Tesla Inc. TSLA Chief Executive Elon Musk as part of their investigation into the role played by JPMorgan Chase & Co. JPM in the actions of sex offender Jeffrey Epstein. According to a Reuters report, the Virgin Islands alleges in a court filing that billionaire Musk — who was subpoenaed on April 28 — may have been referred to JPMorgan by Epstein. The U.S. Virgin Islands contends JPMorgan overlooked Epstein’s abuse of women on Little St. James, a private island he owned there. The bank has said it should not be held liable for a former top executive’s relationship with Epstein, who died by suicide in 2019 while awaiting trial on sex trafficking charges.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.