Deutsche Bank agrees to pay $75 million to Jeffrey Epstein victims to settle lawsuit

Source: CNBC

“Deutsche Bank agreed to pay $75 million to victims of sex predator Jeffrey Epstein to settle a federal lawsuit accusing the bank of enabling and benefitting from its customer’s sex trafficking of young women, sources told CNBC on Wednesday night. The bombshell deal still leaves JPMorgan Chase to defend its own would-be class action lawsuit by Epstein accusers in U.S. District Court in Manhattan, which involves similar allegations. … Under the deal, victims of Epstein who were affected by his sex trafficking during the time when he was a customer of Deutsche Bank, from 2013 through 2018, would receive at least $75,000 and up to $5 million depending on an evaluation of their claims.” (05/18/23)