Nothing to see here, just one of the world's largest banks paying out $75 MILLION for an Epstein sex-trafficking lawsuit
· May 18, 2023 · NottheBee.com

Jeffrey Epstein is dead.

The countless horrible things he did, however, are still coming to light.

And the people who apparently helped enable his hideous crimes are continuing to pay for it:

Deutsche Bank has agreed to pay $75 million to sexual abuse victims of Jeffrey Epstein to settle a lawsuit filed last year in Manhattan, according to the lawyers for the victims.

The settlement, which requires approval by a federal judge, would resolve a proposed class-action suit that alleged the bank had helped enable the disgraced financier's sex trafficking of young women by missing warning signs in Mr. Epstein's accounts that he was engaged in wrongdoing.

Seventy-five million is a lot of money. A ton of money. It's not the sort of thing a rapacious, relentless financial institution just pays out willy-nilly.

Perhaps unsurprisingly, Deutsche Bank "did not admit wrongdoing" as part of the settlement. In 2020, the bank said that working with Epstein was an "error" and that it revealed "weaknesses" in the bank's processes.

"We have learnt from our mistakes and deeply regret our association with Epstein," the bank said at the time.

The suit stemmed from the bank's relationship with Epstein from 2013 to 2018.

David Boies and Brad Edwards, the lawyers for the women who brought the case, said $75 million would be made available to the more than 125 victims of Mr. Epstein who previously obtained payouts from a restitution fund established by his estate after his death in 2019.

The suit had alleged that the bank's practices helped Epstein "recruit and groom hundreds of underage girls and young women for sex," as the Wall Street Journal put it.

One of the accusers' lawyers, meanwhile, correctly noted that Epstein's crimes

could not have happened without the collaboration and support of many powerful individuals and institutions.

It's likely that those in power will hope the $75 million makes this story go away.

But Epstein's bank is just the tip of the iceberg.


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