The New York Daily Paper
Today's News Headlines, Breaking News & Latest News from US and World, News from Politics, Sports, Business, Arts and Entertainment.

Epstein victims sue JPMorgan Chase and Deutsche Bank for ‘facilitating’ abuse

0

Jeffrey Epstein victims sue JPMorgan Chase and Deutsche Bank for ‘facilitating his sex trafficking operation and ignoring red flags’: Women claim large sums of money were withdrawn to pay them for sex

  • Separate lawsuits filed Thursday in New York against both banks allege they facilitated Epstein’s sexual assault and put “profit before following the law”
  • The women in the business say they were abused by Epstein over several years and paid with money from accounts Epstein held at the banks
  • Lawsuits allege banks ignored “red flags” and turned a blind eye to his abuse
  • Lawyer in the case says: ‘It’s time real enablers were held accountable’

<!–

<!–

<!–<!–

<!–

<!–

<!–

Victims of Jeffrey Epstein are suing Deutsche Bank and JPMorgan Chase, alleging they “played an integral role” in the pedophile financier’s campaign of sexual abuse.

In two lawsuits filed Thursday in New York, the women say the banks facilitated Epstein’s sex trafficking operation because large sums of money were withdrawn to pay his victims.

They are also accused of ignoring red flags and putting profit before the law.

Bradley Edwards, lawyer in the case against Deutsche Bank, told the Wall Street JournalIt’s time the real enablers are held accountable, especially his wealthy friends and the financial institutions that have played an integral role.

“These victims were wronged by many, not just Epstein. He didn’t act alone.’

Epstein took his own life in a New York prison in 2019 while awaiting trial for sex trafficking.

Both lawsuits are class action suits in which the plaintiffs are named as “Jane Doe 1, individually and on behalf of all others in similar situations.”

Jeffrey Epstein is pictured outside his New York mansion in 2019. According to the suits, much of his sexual abuse took place in the mansion.

Jeffrey Epstein is pictured outside his New York mansion in 2019. According to the suits, much of his sexual abuse took place in the mansion.

JP Morgan Chase is accused of 'acting negligently to enable Epstein to commit such crimes against countless young women'

JP Morgan Chase is accused of 'acting negligently to enable Epstein to commit such crimes against countless young women'

JP Morgan Chase is accused of ‘acting negligently to enable Epstein to commit such crimes against countless young women’

The lawsuit against Deutsche Bank reads: “Knowing that they would make millions of dollars facilitating Epstein’s sex trade, and from her relationship with Epstein, Deutsche Bank chose profit over following the law.”

The unnamed woman in the case against Deutsche Bank says she was trafficked and sexually assaulted by Epstein between 2003 and 2018.

She claims she was paid cash for sexual acts. The lawsuit also alleges that Deutsche Bank ignored “red flags.”

The filing, viewed by DailyMail.com, says: “Deutsche Bank also knew that Epstein would use violence, threats of violence, fraud, abuse of legal process, exploitation of power imbalances and a variety of other forms of coercion to force young women and girls to engage in commercial sex acts.

Deutsche Bank also engaged in repeated extortion activities to support the Epstein Organization. Knowing that they would make millions of dollars facilitating Epstein’s sex trafficking business and the relationship with Epstein, Deutsche Bank chose profit over following the law.

“Specifically, Deutsche Bank chose to facilitate a sex trafficking operation to make a profit.”

The suit also notes several damning findings from New York regulators about Deutsche Bank’s business with Epstein.

The bank was fined $150 million in 2020 by state regulators for shortcomings, including failing to intervene when Epstein paid women’s college tuition and made suspicious payments to Russian models and women with Eastern European names. The bank had a responsibility to check his accounts because he was a registered sex offender.

The lawsuits filed Thursday allege that Epstein's victims were paid using a case of large withdrawals from JPMorgan Chase and Deutsche Bank.  The banks are accused of facilitating the abuse of the pedophile financier.

The lawsuits filed Thursday allege that Epstein's victims were paid using large cash withdrawals from JPMorgan Chase and Deutsche Bank.  The banks are accused of facilitating the abuse of the pedophile financier.

The lawsuits filed Thursday allege that Epstein’s victims were paid using large cash withdrawals from JPMorgan Chase and Deutsche Bank. The banks are accused of facilitating the abuse of the pedophile financier.

Jeffrey Epstein's Upper East Side mansion, one of the largest private residences in Manhattan.  According to the lawsuits, much of Epstein's abuse took place there

Jeffrey Epstein's Upper East Side mansion, one of the largest private residences in Manhattan.  According to the lawsuits, much of Epstein's abuse took place there

Jeffrey Epstein’s Upper East Side mansion, one of the largest private residences in Manhattan. According to the lawsuits, much of Epstein’s abuse took place there

In the case against JPMorgan Chase, the unnamed woman is a former ballet dancer who says she was abused by Epstein between 2006 and 2013.

She says she was recruited by another woman and also trafficked to Epstein’s friends. It is alleged that she was paid with cash obtained through large withdrawals from JPMorgan Chase accounts.

The lawsuit against the bank alleges that “JP Morgan knowingly benefited and received things of value for assisting, supporting, facilitating and otherwise providing the most critical service for the Jeffrey Epstein sex trafficking organization.”

It says the bank “knew” that Epstein committed sexual crimes and “acted negligently to enable Epstein to commit such crimes against countless young women.”

“JP Morgan chose profit over following the law,” the lawsuit adds.

A spokesman for Deutsche Bank told the WSJ, which first reported on the lawsuits, “We believe this claim is baseless and will present our arguments in court.”

JPMorgan Chase declined to comment.