And the US daily reported that the settlement was reached in November 2022 after a class action lawsuit was filed by a man whose identity was not disclosed.
The man alleged that Deutsche Bank made deals with Epstein knowing that he was using funds in his bank account to support his sexual exploitation activities.
In July 2020, Deutsche Bank agreed to pay a $150m fine imposed by the New York Department of Financial Services over compliance failures related to the bank’s work with Epstein.
A spokesperson for the bank declined to comment.
Epstein, who was accused of bringing underage girls to his residence between 2002 and at least 2005 to provide sexual services, spoke at his prison in New York before going on trial on August 10, 2019. Committed suicide
According to the US newspaper, Epstein became a client of Deutsche Bank in 2013 after JPMorgan Chase closed his accounts with it.
In late 2022, an unidentified woman – possibly the same person who sued Deutsche Bank – and the government of the US Virgin Islands filed separate claims against JP Morgan, accusing the bank of ignoring warnings and treating it as a customer. Accused of continuing to maintain in. Till the year 2013.
According to court documents, the subpoenas in these cases targeted several well-known people who may have been persuaded by Epstein to become JPMorgan clients, including billionaire Elon Musk and Google co-founder Larry Page.
JPMorgan denies the allegations and has filed its own lawsuit against a former executive over his relationship with Epstein.
In July 2020, Deutsche Bank agreed to pay a $150 million fine imposed by the New York Department of Financial Services over compliance failures related to the bank’s work with Epstein.
Deutsche Bank said in July 2020, “We acknowledge the mistake we made in having Epstein as our client in 2013, there are weaknesses in our operations, and we have learned from our mistakes and shortcomings.”
The late billionaire’s sentence was released in Florida in 2008 for paying money to young women in exchange for massage services, but he only served 13 months in prison because he made a secret settlement with the attorney general at the time. .