Deutsche Bank pays fine over sex trafficking scandal

The publication, which cites people close to the case, said Deutsche Bank did not admit wrongdoing.

A spokesman for the German bank declined to comment.

According to the original lawsuit, filed in a New York court, Deutsche Bank benefited financially by supporting the “sex trafficking organization to coercively rape, assault, and sex traffick plaintiff Jane Doe 1 and numerous class members.” “.

Epstein, an American financial magnate who committed suicide in 2019 while awaiting trial for sex crimes, began his relationship with Deutsche Bank in 2013 after JPMorgan Chase closed his accounts, he reported. The Wall Street Journal.

An unidentified woman, apparently the same woman in the Deutsche Bank case, and the US Virgin Islands separately sued JPMorgan last year, accusing the bank of facilitating Epstein’s crimes by ignoring warnings and keeping him as a client until 2013. .

According to court documents, the subpoenas in these cases have targeted multiple well-known individuals whom Epstein was possibly referring to JPMorgan for clients, including Elon Musk or Google co-founder Larry Page.

The bank has denied the allegations and filed its own lawsuit against a former executive over his ties to Epstein.