Deutsche Bank to Pay $75M in Jeffrey Epstein Lawsuit
AllSides Summary
German lender Deutsche Bank agreed to pay $75 million this week to settle a lawsuit accusing it of enabling Jeffrey Epstein's sex crimes.
The Details: An anonymous woman alleged in the suit that Epstein abused her, and that Deutsche Bank knew Epstein was using his accounts to fund sex trafficking crimes, but continued to do business with him anyway. Epstein used Deutsche Bank from 2013 to 2018; before that, he'd pleaded guilty to soliciting sex from a minor in Florida in 2008.
Key Quotes: The settlement will encourage dozens of Epstein survivors "to restore their faith in our system knowing that all individuals and entities who facilitated Epstein's sex-trafficking operation will finally be held accountable," a law firm for the woman said. A Deutsche Bank spokesperson declined to comment on the settlement to BBC News (Center bias), but said the bank "made considerable progress in remedying a number of past issues."
For Context: JP Morgan, which Epstein used from 1998 to 2013, is also facing lawsuits over its relationship with him. More details about Epstein's network of powerful people have emerged in recent reports.
How the Media Covered It: Internationally-focused news sources focused more on the story than U.S.-centric outlets. The Daily Mail (Right) cited an anonymous source who said Deutsche Bank "didn't admit wrongdoing" as part of the settlement. Sources on all sides reflected rumors about Epstein's death, saying he "died in prison" rather than by suicide, as the medical examiner determined at the time.
Featured Coverage of this Story
From the Right
Deutsche Bank settles record $75 MILLION Epstein sex-trafficking lawsuit
Deutsche Bank has agreed to pay $75 million to settle a proposed class-action lawsuit alleging the German bank facilitated the late Jeffrey Epstein's sex-trafficking ring, according attorneys for the plaintiffs.
The suit was filed last year in New York by a woman listed in court filings as Jane Doe 1 on behalf of herself and other accusers, alleging Deutsche Bank did business with Epstein for five years despite knowing he was engaged in sex-trafficking.
Deutsche Bank did not admit wrongdoing as part of the settlement, a person familiar with the matter...
From the Center
Epstein: Deutsche Bank to pay $75m over sex-trafficking lawsuit
Deutsche Bank has agreed to pay $75m (£60m) to settle a lawsuit that claimed the lender had enabled Jeffrey Epstein's alleged sex trafficking ring.
The case was filed by an unnamed woman who alleged that the banking giant continued to do business with Epstein, despite knowing that his accounts were used to facilitate the abuses.
She also claimed that she was abused by Epstein and trafficked to his friends.
Deutsche Bank declined to comment on the case when approached by the BBC.
The woman, who is listed anonymously as "Jane...
From the Left
Deutsche Bank agrees to pay $75m to settle Jeffrey Epstein lawsuit
Deutsche Bank has agreed to pay $75m (£60m) to settle a lawsuit brought by a group of women who accused the German lender of helping facilitate Jeffrey Epstein’s sex trafficking operations.
The settlement is expected to draw a line under legal claims related to Deutsche Bank’s relationship with Epstein, who became a client in 2013 after he was dropped by JP Morgan.
Deutsche Bank accepted Epstein as a client even after 40 underage girls made sexual assault claims against him, and maintained that banking relationship until 2018.
The lender was...
More News about Sexual Misconduct from the Left, Center and Right
From the Left
From the Center
From the Right
