Epstein Accusers Sue JPMorgan, Deutsche Financial institution in New York


JPMorgan Chase & Co. and Deutsche Financial institution AG have been accused of enabling the sexual abuse of Jeffrey Epstein in a New York class motion lawsuit.The 2 lawsuits, filed individually in a New York courtroom, stated the banks had “knowingly benefited and acquired issues of worth for helping, supporting, facilitating, and in any other case offering essentially the most essential service for the Jeffrey Epstein intercourse trafficking group.”

JPMorgan have been accused within the go well with of “financially benefiting from collaborating” within the alleged intercourse trafficking by offering monetary help from 1998 to August 2013, the go well with stated. Deutsche Financial institution was accused of realizing that they might “earn million of {dollars}” from its relationship with Epstein.

The go well with is in search of unspecified damages and asks for the go well with to be licensed as a category motion. Representatives for JPMorgan and Deutsche Financial institution in London didn’t instantly reply to emails in search of remark.“Epstein and his co-conspirators couldn’t have victimized with out help from rich people and monetary establishments,” Bradley Edwards, a lawyer at Edwards Pottinger, one of many corporations bringing the go well with, stated. We is not going to cease combating for the survivors till everyone seems to be held accountable.”
Learn Extra: 23 of Jeffrey Epstein’s Accusers Lastly Obtained Their Day in Court docket. Right here’s What They Mentioned

Epstein was discovered lifeless in his U.S. jail cell in 2019, after being arrested and charged with intercourse trafficking. Epstein spent a long time cultivating ties to U.S. and British elites together with a number of Wall Road figures.

A Who’s Who of outstanding financiers, entrepreneurs, politicians and even royals have been tainted by their affiliation with the convicted pedophile.

The U.Ok.’s Prince Andrew needed to withdraw from public duties after a disastrous tv interview about his ties to Epstein. Jes Staley abruptly stepped down as chief govt officer of Barclays Plc final 12 months after U.Ok. regulators shared with Barclays the preliminary findings of their multi 12 months probe into what he informed the financial institution’s board about his relationship with Epstein.

Staley has stated that he knew Epstein since 2000 when he was head of JPMorgan Chase & Co.’s personal financial institution and was informed to strike up an expert relationship with the monetary adviser.

Learn Extra: After Barclays CEO’s Departure, Right here Are Among the Different Enterprise Executives Linked to Jeffrey Epstein

“Staley made positive Epstein and his unlawful sexual abuse group was completely protected by the financial institution,” in response to the lawsuit filed Nov. 24. A lawyer for Staley declined to remark.

The nameless claimants are being represented by David Boies of Boies Schiller Flexner, who represented Virginia Giuffre in a case towards Prince Andrew that subsequently settled. Not one of the allegations made towards Staley within the go well with have been publicly proved.

After reviewing Deutsche Financial institution’s relationship with Epstein, the New York banking regulators discovered that “though the financial institution correctly categorised Epstein as high-risk, the financial institution did not scrutinize the exercise within the accounts for the sorts of exercise that have been clearly implicated by Epstein’s previous,” the lawsuit stated.

—With help from William Shaw and Jonathan Browning.

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