Deutsche Bank settles US$75m in Epstein-linked intercourse trafficking lawsuit

Deutsche Bank agreed to pay US$75 million to settle a lawsuit that accused the monetary establishment of profiting from its involvement in Jeffrey Epstein’s sex trafficking activities. The settlement is expounded to a proposed class-action lawsuit filed in November 2022 by an unnamed plaintiff who claimed the German financial institution knowingly carried out enterprise with Epstein while he used the account to fund sex-trafficking operations.
Although Deutsche Bank has not admitted any wrongdoing, the unique criticism filed in a US court docket in New York said that the bank financially benefited from supporting Epstein’s “sex trafficking organisation to efficiently rape, sexually assault and coercively sex traffic Plaintiff Jane Doe 1 and the numerous different members of the Class.”
Epstein, an American financier who dedicated suicide in 2019 while awaiting trial for intercourse crimes, began banking with Deutsche Bank in 2013 after JPMorgan Chase closed his accounts. The latter bank faced separate lawsuits late last yr from an unidentified woman and the US Virgin Islands, accusing JPMorgan of facilitating Epstein’s crimes by ignoring warnings and keeping him as a client till 2013. Court paperwork reveal that subpoenas in these instances have focused multiple high-profile individuals, including Elon Musk and Google co-founder Larry Page, whom Epstein might have referred to JPMorgan as clients.
JPMorgan denied the allegations and filed its own lawsuit against a former government for his connections to Epstein. In Sale ends soon , Deutsche Bank agreed to pay US$150 million to settle allegations brought by the New York Department of Financial Services for compliance failures related to the bank’s work with Epstein. Deutsche Bank stated in July 2020…
“We acknowledge our error of onboarding Epstein in 2013 and the weaknesses in our processes, and have learnt from our mistakes and shortcomings.”

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