Jeffrey Epstein's victims sue Deutsche Bank, JPMorgan Chase for 'profiting' off his sex trafficking crimes
The megabanks overlooked several 'suspicious' withdrawals and payments from Jeffrey Epstein’s bank accounts to pay his victims
NEW YORK CITY, NEW YORK: Victims of disgraced financier Jeffery Epstein sued Deutsche Bank and JPMorgan Chase alleging the institutions have played an integral role in enabling the late pedophiles' sexual trafficking campaign. The two lawsuits filed in New York on Thursday, November 24, claim the megabanks overlooked several “suspicious” withdrawals and payments from Epstein’s bank accounts to pay his victims. They are accused of ignoring "red flags" and "profiting" off his debunked racket.
“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,” one of the suits stated. Billionaire Epstein took his own life in a New York prison in 2019 while awaiting trial for sex trafficking.
Bradley Edwards, a lawyer in the case against Deutsche Bank, "The time has come for the real enablers to be held responsible, especially his wealthy friends and the financial institutions that played an integral role," he told the Wall Street Journal. "These victims were wronged, by many, not just Epstein. He did not act alone." During a 2020 investigation against Deutsche Bank cities, the institution did not do enough to monitor its financial activity. They were reportedly penalized with a $150 million fine to resolve the case.
One of the victims identified as 'Jane Doe 1' who was sexually abused by Epstein between around 2003 and 2018 said Deutsche Bank ignored "red flags". The class action suit claims the victims were paid in cash. “Deutsche Bank also knew that Epstein would use means of force, threats of force, fraud, abuse of legal process, exploitation of power disparity, and a variety of other forms of coercion to cause young women and girls to engage in commercial sex acts,” the lawsuit stated. "Deutsche Bank chose to facilitate a sex trafficking operation in order to churn profits."
"Deutsche Bank also engaged in repeated acts of racketeering activity to support the Epstein organization. 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," reported Daily Mail. A spokesperson for Deutsche Bank said the lawsuit lacks "merit,” adding that they plan to fight the allegations in court.
In another case against JPMorgan Chase, an unnamed victim and a former ballet dancer, says she was abused by Epstein between 2006 and 2013. She was recruited by another female and also trafficked to Epstein's friends and paid in cash through large withdrawals from JPMorgan Chase accounts. "JP Morgan chose profits over following the law," the suit adds. The suit against the bank alleges that "JP Morgan knowingly and intentionally benefited and received things of value for assisting, supporting, facilitating, and otherwise providing the most critical service for the Jeffrey Epstein sex trafficking organization, reported the source.