Supporting human trafficking
Deutsche Bank must pay compensation to Epstein victims
October 20, 2023, 10:34 p.m
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In 2008, Jeffrey Epstein went to prison for forced prostitution of a minor. In 2013, Deutsche Bank took him on as a customer despite this criminal record. As human trafficking allegations against Epstein mount, pressure on the bank also increases.
A US judge has finally approved the multi-million dollar settlement between Deutsche Bank and victims of sex offender Jeffrey Epstein. U.S. District Judge Jed Rakoff in Manhattan gave final approval to a $75 million settlement for women who said Epstein sexually abused them.
The plaintiffs accused the bank of financially supporting Epstein’s human trafficking for sexual exploitation. This gave Epstein the appearance of legitimacy. Through its actions, the bank ensured the continuation of Epstein’s venture and thus the continued sexual abuse of young women and girls.
Epstein was a customer of Deutsche Bank from 2013 to 2018. He pleaded guilty in 2008 to forcing a minor into prostitution. He received an 18-month prison sentence for this. After being arrested again on sex trafficking allegations, he committed suicide in custody in August 2019 at the age of 66. Deutsche Bank said it was a mistake to accept Epstein as a client.