Deutsche Bank has agreed to pay up to $75 million in damages to avoid the lawsuit of perverted billionaire Jeffrey Epstein.
Germany-based banking giant Deutsche Bank has agreed to pay $75 million in damages in the lawsuit filed by the victims of Jeffrey Epstein, who was accused of crimes such as prostitution and child abuse and died in prison.
The bank, which kept Epstein, who was accused of crimes such as prostitution and human trafficking, as its customer and allegedly profited from these crimes, was sued by Epstein victims.
The victim, nicknamed Jane Doe, who said she was abused by Epstein, first filed a lawsuit against Deutsche Bank in November. The victim claimed that the German bank “chosen profit over compliance with the law” and accused the bank of “making millions of dollars through Epstein’s illegal human trafficking”.
APPLICANTS WILL RECEIVE 5 MILLION DOLLARS EACH
According to bank sources who spoke to the Financial Times, the administration has considered the victims’ claims and agreed to provide compensation. Sources said the compensation will be shared among the victims, and the plaintiffs could each receive $5 million.
“The deal demonstrates that one of Epstein’s financial partners is responsible for the role he played in facilitating the human trafficking organization,” Doe’s attorneys Edwards Pottinger and Boies Schiller Flexner said in a statement.
JPMORGAN IS ALSO CHARGED
Previously, US bank JPMorgan cut off ties with the perverted billionaire in August 2013, after which Deutsche Bank accepted Epstein as its client.
Deutsche worked with Epstein until December 2018. According to court documents, Epstein and the entities he controls opened more than 40 accounts at the bank and deposited more than $110 million in total assets.
There were 3 different cases in the financial part of the Epstein case. Another victim had previously sued US bank JPMorgan Chase and the US Virgin Islands, where Epstein’s home is located.
WHAT HAPPENED?
Jeffrey Epstein was found dead in prison while in custody for networking sexual abuse, pedophilia and prostitution.
Epstein was awaiting trial for prostituting minors at his Manhattan mansion and Palm Beach estate from 2002 to 2005.
WHY ARE CASES OPEN?
Two women, victims of Jeffrey Epstein, who died in 2019 in prison, where he was detained for multiple sex crimes, filed a lawsuit against JP Morgan and Deutsche Bank, two banks where the US billionaire works.
The women accused the banks of claiming that “Epstein could not run the prostitution network without the support of financial institutions”.
A woman suing JPMorgan accused the bank of ‘providing special treatment for a sex trader. The plaintiff claimed that thanks to the special treatment of the bank, the crime could continue and the bank caused the exploitation of young women.
Another plaintiff claimed that Deutsche Bank was “the bank Epstein used to carry out his sexual exploitation and prostitution operation”.