Posted on 12/31/2022 10:37:36 PM PST by Libloather
NEW YORK (AP) - Deutsche Bank and JPMorgan Chase are asking a federal court to throw out lawsuits that claim the big banks should have seen evidence of sex trafficking by Jeffrey Epstein, the high-flying financier who killed himself in jail while facing criminal charges.
The banks said in filings late Friday they didn’t commit any negligent acts that caused harm to the women who filed the lawsuits and that the lawsuits failed to show that they benefitted from Epstein’s sex trafficking.
The filings in federal district court in New York came about a month after two women who were both identified as Jane Doe sued the banks and the government of the U.S. Virgin Islands, where Epstein had a home on a small island that he owned.
The lawsuits, which seek class-action status to represent other Epstein victims, claim that the banks knowingly benefitted from Epstein’s sex trafficking and “chose profit over following the law” to earn millions of dollars from the financier.
They suggested that the banks should have steered clear of Epstein after his 2006 arrest in Florida - he eventually pleaded guilty to state charges of soliciting prostitution - and fallout from a federal investigation and news coverage.
(Excerpt) Read more at huffpost.com ...
Who, exactly, ended up with all of the Ca$h?
To be fair and just, did Deutsche Bank and JPMorgan Chase discriminate against arms manufacturers or was it other banks?
This is about money laundering.
As for Deutsche Bank, they didn't cut ties with arms manufacturers but they did with Trump. ” In perhaps the most significant move, Deutsche Bank (DB) will cease doing new business with Donald Trump or his companies, according to a New York Times report. The multinational bank with headquarters in New York has long been a key Trump ally, helping him finance his business for decades.” 7 Notable Companies Planning To Cut Ties With Trump's Businesses
Screw ‘em.
They knew money laundering was going on, even if they didn’t know what the underlying business was. So yes, complicit.
If the women win, it would usher in ESG overnight.
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