JPMorgan Chase and Deutsche Bank have been sued by victims of deceased sex offender Jeffrey Epstein, who accuse the lenders of aiding sex trafficking.
The lawsuits, filed in New York on Thursday, claim the banks turned a blind eye to suspicious withdrawals and payments from Epstein’s accounts, “knowing that they would earn millions of dollars from facilitating Epstein’s sex abuse and trafficking”.
The suit against JPMorgan highlights how the bank chose to keep on Epstein as a client, even after he was convicted and imprisoned in Florida in 2008, in order to “churn profits”. JPMorgan declined to comment.
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