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