JPMorgan and Deutsche Bank Facing Lawsuits Connected to Jeffrey Epstein

Objectivity 4.8 | Credibility 4.8 | Relevance 4.6

In a ruling by a U.S. District Judge in Manhattan, JPMorgan Chase and Deutsche Bank AG have been ordered to face lawsuits for allegedly enabling Jeffrey Epstein‘s sex trafficking.  The judge ordered the lawsuits against the banks to allow the plaintiffs a chance to seek billions of dollars in damages for more than 300 Epstein victims.  The plaintiffs allege the banks knowingly benefited from the sex trafficking and were negligent in obstructing enforcement of a federal anti-trafficking law.  In the JPMorgan cases, attention has also been drawn to the bank’s former private banking chief Jes Staley for accusations of exchanging sexually suggestive messages with Epstein and for committing sexual assault.