• News Categories
    ▼
    • Surveillance & Technology
    • U.S. News & Reports
    • International News
    • Finance
    • Defense & Security
    • Politics
    • Videos
  • Blog
  • Directory
  • Support Us
  • About
  • Contact

T-Room

The Best in Alternative News

  • News Categories
    • Surveillance & Technology
    • U.S. News & Reports
    • International News
    • Finance
    • Defense & Security
    • Politics
    • Videos
  • Blog
  • Directory
  • Support Us
  • About
  • Contact

May 18, 2023 at 6:12 pm

Deutsche Bank to Pay $75 Million to Settle Jeffrey Epstein Accusers’ Suit…

Deutsche_Bank
ParlerGabTruth Social

by James Fanelli and Khadeeja Safdar at Wall Street Journal

Deutsche Bank has agreed to pay $75 million to settle a proposed class-action lawsuit charging that the financial institution facilitated Jeffrey Epstein’s sex-trafficking ring, said lawyers who sued the bank on behalf of alleged victims.
A woman who is listed anonymously as Jane Doe in court papers filed the suit last year in New York on behalf of herself and other accusers of the disgraced financier. She alleged Deutsche Bank did business with Epstein for five years while knowing that he was using money in his bank accounts to further his sex-trafficking activity.
The Doe plaintiff alleged she was sexually abused by Epstein and trafficked to his friends from about 2003 until about 2018 and was also paid in cash for sex acts. The lawsuit alleged Deutsche Bank ignored red flags including payments to numerous young women. The settlement is expected to compensate dozens of accusers.
Epstein died by suicide in a federal jail in New York in 2019 while awaiting trial on sex-trafficking charges.
Dylan Riddle, a spokesman for Deutsche Bank, declined to comment on the settlement but said the bank has invested more than 4 billion euros, the equivalent of $4.34 billion, to bolster controls, training and operational processes, and has increased the size of its workforce dedicated to fighting financial crime. “In recent years Deutsche Bank has made considerable progress in remedying a number of past issues,” he said.
The bank didn’t admit wrongdoing as part of the settlement, according to people familiar with the matter.
The plaintiffs’ lawyers, from the law firms Boies Schiller Flexner and Edwards Pottinger, said on Wednesday they believed the $75 million was the largest sex-trafficking settlement involving a banking institution.
“This groundbreaking settlement is the culmination of two law firms conducting more than a decade-long investigation to hold one of Epstein’s financial banking partners responsible for the role it played in facilitating his trafficking organization,” they said in a joint statement…
ParlerGabTruth Social
Continue Reading
This website lives off the kindness of your donations. If you would like to support The T-Room please visit our PayPal.

Editor’s Picks

The FBI Didn’t Investigate the Chinese Communist Party Working to Interfere with the 2020 Election (VIDEO)…

Analysis: Blue-Collar Wages Rise as Illegal Immigration Declines…

Matt Gaetz Exposes Israel’s Secret Nuclear Program and Calls for Its Denuclearization…

What Did Sen Cruz Say About His Reason for Being in the Senate?…

Max Blumenthal Details What’s Happening on the Ground in Both Iran and Israel…

Any publication posted at The T-Room and/or opinions expressed therein do not necessarily reflect the views of The T-Room. Such publications and all information within the publications (e.g. titles, dates, statistics, conclusions, sources, opinions, etc) are solely the responsibility of the author of the article, not The T-Room.

Twitter Icon

View Old Archives

Copyright © 2025 T-Room

Site by Creative Visual Design