Last Updated on November 26, 2022
Two large banks are facing civil lawsuits for allegedly ignoring “red flags” in the late Jeffrey Epstein’s financial transactions.
JP Morgan and Deutsche Bank have had lawsuits filed against them by two unnamed Jeffrey Epstein accusers. The accusers believe the big banks not only financially benefitted from Epstein’s sex trafficking operations but also enabled Epstein to traffic victims in a large-scale manner.
The accusers filed the lawsuit in New York, where adult sexual abuse victims can sue their abusers, regardless of the statute of limitations.
The lawsuit states JPMorgan “provided special treatment to the sex-trafficking venture, thereby ensuring its continued operation and sexual abuse and sex-trafficking of young women and girls.”
“Without the financial institution’s participation, Epstein’s sex trafficking scheme could not have existed,” it adds.
Another lawsuit contests that Deutsche Bank “became the bank that Epstein needed to fund his sexual abuse and sex-trafficking operation” after JP Morgan began “separating itself from Epstein” in 2013.
“Knowing that they would earn millions of dollars from facilitating Epstein’s sex trafficking, and from its relationship with Epstein, Deutsche Bank chose profit over following the law. Specifically, Deutsche Bank chose facilitating a sex trafficking operation in order to churn profits,” the lawsuit against Deutsche claims.
The New York Department of Financial Services fined Deutsche Bank $150 million in 2020 after it opted to not monitor Epstein’s banking activities even after he became a registered sex offender.
National File previously reported on Epstein’s associate, Ghislaine Maxwell, being sentenced to 20 years in prison for her role in sex trafficking. Maxwell’s “little black book” of clients has yet to be revealed to the public, leading to controversy:
A ”little black book” of clients has been hidden from the legal process and the public, causing many to speculate about certain rich and powerful people who may have connections to Epstein and Maxwell. Judge Nathan, who handed down the sentence, decided to keep the contents of the book secret to avoid causing a public craze during the January trial where Maxwell was found guilty of five counts related to the sex trafficking operation. Bill Clinton, Donald Trump, and Prince Andrew have all been known to socialize with the pair. Prince Andrew is perhaps the most high-profile client to be accused of sex crimes.