The U.S. Virgin Islands issued a subpoena to Tesla CEO Elon Musk in a lawsuit alleging JPMorgan Chase was aware of and benefited from the now-deceased Jeffrey Epstein’s sex trafficking, according to court documents.
The Virgin Islands said it had grounds to suspect that Epstein might have referred or tried to refer Musk to the banking giant as a client, according to court documents. Musk is one of several billionaires who have received subpoenas by the Virgin Islands, including Google co-founders Larry Page and Sergey Brin, according to Bloomberg.
The subpoena from the U.S. territory requests Elon Musk produce documents showing his communications with JPMorgan about Epstein, and communications with Epstein about JPMorgan.
It also asks him to produce “documents reflecting or regarding fees [he] paid to Epstein and/or JPMorgan in connection with [his] accounts, transactions, or relationship at JPMorgan” and “documents reflecting or regarding Epstein’s involvement in human trafficking and/or his procurement of girls or women for commercial sex.”
The Virgin Islands said in the filing that it had attempted to serve Musk with the subpoena on April 28, but was unsuccessful.
The subpoena was served to Musk on April 28. The document suggests that Epstein, a convicted sex offender, might have introduced Musk, one of the world's wealthiest individuals, to JPMorgan, per CNBC.
Link: https://t.co/BCBMA7xTcp
— unusual_whales (@unusual_whales) May 15, 2023
Musk responded to the subpoena on Twitter, tweeting, “This is idiotic on so many levels: 1. That cretin never advised me on anything whatsoever. 2. The notion that I would need or listen to financial advice from a dumb crook is absurd. 3. JPM let Tesla down ten years ago, despite having Tesla’s global commercial banking business, which we then withdrew. I have never forgiven them.”
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Why the National Debt Is the Looming Threat to Your Retirement Plans
The Hidden Crisis No One Is Talking About
Every day, headlines warn about inflation, market volatility, and global instability—but the greatest looming threat to your retirement might be something far more fundamental: America’s skyrocketing national debt.
You can learn more about how the national debt affects you by reading this 3-minute report titled, “Debt Will Hit $40T in 2026: Prepare Your Retirement Now“.
With debt growing faster than most Americans can possibly fathom, the government’s borrowing habits have reached historic—and dangerous—levels. To cover spending, Washington is making moves with their budget packages, tariffs, and taxes. Is it enough? No. It’s not even close to what would be necessary to stop out-of-control debt, let alone reverse it.
How Debt Erodes Your Nest Egg
There are only so many levers government and the Federal Reserve can pull to try to protect Americans, assuming that’s even a top priority for them. Unfortunately, pulling one level to relive one pressure invariably adds pressure from another direction. This is why prices keep going up even as inflation reportedly slows.
For retirees and pre-retirees, that’s a perfect storm. The dollars you’ve worked hard to save lose value, and your cost of living increases while your investments lag behind.
If you’re relying solely on paper-based assets—stocks, bonds, or mutual funds—you’re essentially tied to the same system that’s creating the problem. It’s a system that was designed to work well in the 20th century, not in today’s world with people living longer and the dollar rapidly losing value.
This is why the 3-minute report, “Debt Will Hit $40T in 2026: Prepare Your Retirement Now,” is so important.
The Precious Metals Hedge
Thousands of Americans are looking for a tangible, time-tested hedge: physical gold and silver.
Unlike paper assets, precious metals aren’t dependent on government policy or the stock market’s mood swings. They’re real, finite resources that have maintained value for thousands of years through wars, recessions, and inflationary periods.
In fact, during times of high inflation and fiscal instability, gold often performs its best—because it’s seen as a store of value when faith in the dollar weakens. This is why prices have skyrocketed this year and are expected by many economists to continue going up in the future.
Take Control with a Gold IRA
One of the most effective ways to protect your retirement from national debt fallout is through a self-directed Gold IRA. This IRS-approved account lets you hold physical gold and silver within your retirement portfolio, giving you:
- Direct ownership of your assets
- A hedge against inflation and dollar decline
- The control to diversify beyond Wall Street
Augusta Precious Metals specializes in helping Americans just like you take this step with confidence. The company has earned a strong reputation for transparency, education, and personalized service—making it one of the most trusted names in the industry.
The Next Step: Secure Your Financial Future
Augusta Precious Metals has helped thousands of Americans with at least $50,000 to invest from their IRAs, 401(K)s, TSPs, and other retirement accounts safeguard their savings through precious metals.
If you’re concerned about what the rising national debt could mean for your future, now is the time to act.
Read this 3-minute report titled, “Debt Will Hit $40T in 2026: Prepare Your Retirement Now“ and learn the simple steps you can take to protect your retirement.