Deutsche Financial institution has reached a $75 million settlement in a lawsuit filed by ladies who claimed they have been victims of sexual abuse by financier Jeffrey Epstein, Jonathan Stempelreports for Reuters. The settlement resolves a proposed class motion and accusations that the German financial institution facilitated Epstein’s intercourse trafficking. Epstein, a former consumer of Deutsche Financial institution, died in jail in 2019 whereas awaiting trial for intercourse trafficking prices. The settlement nonetheless wants approval by U.S. District Decide Jed Rakoff. Related lawsuits in opposition to JPMorgan Chase & Co, the place Epstein was additionally a consumer, stay unresolved. Deutsche Financial institution has taken duty for its error in accepting Epstein as a consumer and has made vital investments to strengthen its controls and has been strategically hiring to fight monetary crime.
Source / Picture: thecrimereport.org
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