![]() ![]() Tesla CEO Elon Musk is among those who have been subpoenaed in the JPMorgan litigation. Court papers have outlined many details about the bank’s alleged ignoring or turning a blind eye to Epstein’s activities. Epstein’s accusers as suing that bank so is the US Virgin Islands, where the financier had a home.Įpstein was a JPMorgan client from 1998 to 2013, a period when he allegedly trafficked many more women and girls. There is still a case pending involving another mega-bank, JPMorgan Chase, which also counted Epstein as a client. He also reached a plea deal with federal prosecutors in 2008 to dispense with charges similar to the ones he faced shortly before his death. He served only 13 months in prison and was released during the day to run his business. Epstein died in August 2019 in detention while awaiting trial for sex trafficking, in what New York City’s medical examiner called a suicide.īefore he became a Deutsche Bank client, Epstein had already pleaded guilty to two state-level prostitution charges in Florida, including one involving a minor. The bank took Epstein as a client even after various charges of sex trafficking had already surfaced. The Wall Street Journal first reported the settlement and said the bank did not admit wrongdoing, citing people familiar with the matter. “This groundbreaking settlement is the culmination of two law firms conducting more than a decade-long investigation to hold one of Epstein’s financial banking partners responsible for the role it played in facilitating his trafficking organization,” law firms Boies Schiller Flexner and Edwards Pottinger said in a joint statement. The setttlement was confirmed by the women’s lawyers late on Wednesday. Epstein was a multi-millonaire accused of child sex trafficking and was a Deutsche Bank client from 2013 to 2018.ĭeutsche Bank spokesman Dylan Riddle declined to discuss the accord, but referred to a 2020 statement in which the bank acknowledged error in making Epstein a client. The settlement with women who say they were abused by Epstein, resolves claims in a proposed class action in Manhattan federal court. Deutsche Bank has agreed to pay $75 million to settle a lawsuit accusing the bank of enabling sex trafficking by deceased financier Jeffrey Epstein when he was a client. ![]()
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