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Jeffrey Epstein victims sue a number of main banks

Jeffrey EpsteinReuters

Two girls who accused Jeffrey Epstein of sexual abuse have filed lawsuits in opposition to JP Morgan Chase and Deutsche Bank.

They accuse the banks of ignoring “red flags” about their shopper and benefiting from the late financier’s alleged sex-trafficking operations.

The disgraced financier took his personal life in a jail cell whereas awaiting trial on sex-trafficking costs.

Both lawsuits had been filed in New York on Thursday as class motion circumstances.

They had been introduced by attorneys who’ve represented dozens of the deceased billionaire’s accusers.

The girls, who’re additionally looking for monetary damages, should not named within the filings, which had been first reported by the Wall Street Journal newspaper and have been seen by the BBC.

According to claims within the lawsuit filed in opposition to JP Morgan Chase, one lady, described as a former ballet dancer, was abused by Epstein and his associates between 2006 and 2013.

It alleges that JP Morgan knew that its accounts had been getting used for trafficking due to the identification of the people withdrawing massive sums of money, in addition to “Epstein’s well-documented criminal history”.

JP Morgan Chase declined to remark when contacted by BBC News.

In a separate lawsuit in opposition to Deutsche Bank, one other lady claims she was trafficked for intercourse by Epstein for 15 years, beginning in 2003 when she first moved to New York.

It claims that in some cases Epstein would pay the girl straight in money for intercourse acts.

The lawsuit means that the rich Epstein turned to Deutsche Bank when ties had been severed with JP Morgan round 2013.

It additionally refers to earlier findings by New York banking regulators about Deutsche Bank’s enterprise with Epstein.

They concluded that “although the bank properly classified Epstein as high-risk, [it] failed to scrutinise the activity in the accounts for the kinds of activity that were obviously implicated by Epstein’s past”.

Deutsche Bank beforehand admitted that it made a “critical mistake” when taking up Epstein as a shopper.

But a spokesman for the funding financial institution stated on Thursday: “We believe this claim lacks merit and will present our arguments in court.”

One of the attorneys, Bradley Edwards, stated in a written assertion: “Epstein and his co-conspirators could not have victimised without assistance from wealthy individuals and financial institutions. We will not stop fighting for the survivors until everyone is held responsible. This is a big step but not the end.

He added: “The time has come for the actual enablers to be held accountable, particularly his rich pals and the monetary establishments that performed an integral position.”


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