Deutsche Bank agrees to pay £60m to settle Epstein lawsuit
Deutsche agrees to pay £60 million to settle Epstein lawsuit: German bank accused of ‘facilitating’ sex trafficking by deceased financier
Deutsche Bank must pay £60 million to settle a lawsuit by women who say they were abused by the late financier Jeffrey Epstein and accuse the German bank of facilitating his sex trafficking.
Epstein was a client from 2013 to 2018. He died in prison in 2019 while awaiting trial for sex trafficking, in what was called suicide.
David Boies, one of the plaintiffs’ attorneys, said the Epstein abuse “could not have happened without the cooperation and support of many powerful individuals and institutions.
Abuse allegations: Jeffrey Epstein (pictured) was a client of Deutsche Bank from 2013 to 2018. He died in prison in August 2019 while awaiting trial for sex trafficking
We appreciate Deutsche’s willingness to take responsibility.’
JP Morgan faces similar but bigger lawsuits from prosecutors and the US Virgin Islands, where the financier had a home.
Epstein was a client of JP Morgan from 1998 to 2013, when he allegedly trafficked women and girls. Court documents include details of Epstein’s allegedly ignoring activities.
JP Morgan is separately suing Jes Staley, a former private bank executive who was friends with Epstein, to help cover the losses it faces.