JPMorgan Chase & Co. and Deutsche Bank AG have been accused of enabling the sexual abuse of Jeffrey Epstein in a New York class action lawsuit alleging value for supporting, assisting, facilitating and otherwise providing the most vital service to Jeffrey Epstein’s sex trafficking organization.”
JPMorgan was accused in the lawsuit of “benefiting financially from participation” in the alleged sex trade from 1998 to August 2013 by providing financial assistance from 1998 to August 2013, the lawsuit said. Deutsche Bank has been accused of knowing it would “make millions of dollars” from its relationship with Epstein.
The lawsuit seeks unspecified damages and requests that the lawsuit be registered as a class action. Representatives from JPMorgan and Deutsche Bank in London did not immediately respond to emails seeking comment. “Epstein and his co-conspirators could not have been harassed without the support of wealthy individuals and financial institutions,” said Bradley Edwards, an attorney with Edwards Pottinger, which the firms bringing the suit said. We will not stop fighting for the survivors until everyone is held accountable.”
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Epstein was found dead in his US prison cell in 2019 after being arrested and charged with sex trafficking. Epstein spent decades cultivating ties with US and British elites, including several Wall Street figures.
A who’s who of prominent financiers, entrepreneurs, politicians and even royals have been sullied by their association with the convicted pedophile.
Britain’s Prince Andrew has been forced to retire from public office after a disastrous TV interview about his ties to Epstein. Jes Staley abruptly resigned as chief executive officer of Barclays Plc last year after UK regulators told Barclays the preliminary findings of their multi-year investigation into what he told the bank’s board about his relationship with Epstein.
Staley has said he had known Epstein since 2000, when he was head of JPMorgan Chase & Co.’s private bank and was told to develop a professional relationship with the financial advisor.
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“Staley ensured that Epstein and his illegal sex abuse organization had absolute protection from the bank,” the lawsuit, filed Nov. 24, reads. An attorney for Staley declined to comment.
The anonymous plaintiffs are represented by David Boies of Boies Schiller Flexner, who represented Virginia Giuffre in a case against Prince Andrew that was later settled. None of the allegations made in the lawsuit against Staley have been publicly proven.
After reviewing Deutsche Bank’s relationship with Epstein, New York banking regulators found that “although the bank has properly classified Epstein as high-risk, the bank has not investigated activity in the accounts for the types of activity evidently related to Epstein’s past.” related,” the lawsuit says.
– With the support of William Shaw and Jonathan Browning.
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