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Update:
- A federal judge in New York gave final approval to a $290 million settlement between JPMorgan Chase and Jeffrey Epstein victims who argued the bank aided and abetted his decades-long sex trafficking scheme.
- U.S. District Judge Jed Rakoff says that while he was initially hesitant to sign off on such a large settlement agreement, he determined it was deserved.
- Epstein victims argued JPMorgan was aware of the sex trafficking scheme and provided him with the financial infrastructure needed to run it.
- One Epstein victim objected to the settlement agreement, arguing it was inadequate for the amount of severe damages she and other victims endured.
- The deal did not lack precedent, with Deutsche Bank agreeing to pay $75 million in May to end claims it allowed Epstein to hold an account with it for five years.
Epstein bank class action lawsuits overview:
- Who: A plaintiff identified as Jane Doe 1 filed separate class action lawsuits against JPMorgan and Deutsche Bank.
- Why: Doe claims JPMorgan and Deutsche Bank aided and profited off of Jeffrey Epstein’s decades-long sex trafficking scheme.
- Where: The class action lawsuits were filed in New York federal court.
(Dec. 01, 2022)
Deutsche Bank AG and JPMorgan Chase aided and financially profited off of Jeffrey Epstein’s decades-long sex trafficking scheme, a pair of class actions filed individually against the banks allege.
A plaintiff identified as Jane Doe 1 claims Deutsche Bank and JPMorgan profited off of Epstein’s sex trafficking and allegedly provided him with financial support while ignoring “blatant red flags” with his banking activity.
“Knowing that they would earn millions of dollars from facilitating Epstein’s sex abuse and trafficking, (the banks) chose profits over following the law,” the JPMorgan and Deutsche Bank class actions state.
Doe claims JPMorgan and Deutsche Bank let Epstein make large cash withdrawals from his bank accounts to pay women who either recruited or participated in the financier’s sex trafficking ring.
JPMorgan and Deutsche Bank also failed to comply with laws surrounding anti-money laundering and reporting, while allegedly falling short of doing their “due diligence” about Epstein’s activities, the JPMorgan and Deutsche Bank class actions allege.
JPMorgan, Deutsche Bank knew about Epstein running sex trafficking ring, class actions say
Doe argues JPMorgan and Deutsche Bank were aware of Epstein’s sex trafficking ring due to how he managed his accounts with them and his registered sex offender status.
“As a registered sex offender discovered to be sexually abusing multiple young women each day through a pyramid-type recruiting scheme that required the transfer of millions of dollars to continue the operation, a complicit bank became more important than ever,” the JPMorgan and Deutsche Bank class actions state.
Doe wants to represent nationwide classes of women whom Epstein sexually trafficked while he maintained a bank account with Deutsche Bank from Aug. 19, 2013, to Dec. 31, 2018, and with JPMorgan from 2000 to 2013.
She also alleges JPMorgan and Deutsche Bank violated the New York Adult Survivors Act and the Trafficking Victims Protection Act.
Doe demands a jury trial in both complaints and requests awards of compensatory, consequential, general, nominal, punitive and exemplary damages — along with treble damages for the Deutsche Bank complaint — for herself and all class members.
In January, a federal judge in New York rejected an attempt by Britain’s Prince Andrew to escape a civil lawsuit filed by a woman accusing him of sexually abusing her when she was a minor after she says Epstein trafficked her.
Do you have a bank account with JPMorgan or Deutsche Bank? Let us know in the comments.
The plaintiffs are represented by Bradley J. Edwards and Brittany N. Henderson of Edwards Pottinger LLC; David Boies and Sigrid McCawley of Boies Schiller Flexner LLP; and Paul G. Cassell of S.J. Quinney College of Law at the University of Utah.
The Epstein bank class action lawsuits are Doe 1, et al. v. JPMorgan Chase & Co., Case No. 1:22-cv-10019, and Doe 1, et al. v. Deutsche Bank Aktiengesellschaft, et al., Case No. 1:22-cv-10018, in the U.S. District Court for the Southern District of New York.
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53 thoughts onJudge gives $290M JPMorgan settlement with Epstein victims final approval
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Banking with them over decades with two accounts, please add and send links!
oh wow.. this is just wrong. Add me
I have 3 accounts. PLEASE ADD MY NAME OR
Email me a form to sign
BofA solicited me based upon my great credit score a credit card but declined me after I gave sensitive information yet continue to solicit other BoA credit cards based upon my scores.
Add My Name
I currently have 2 accounts along with my minors accounts. Add me to the class action.
3 accounts
PLEASE ADD ME
I Have a Chase Account and have for decades, I am shocked and absolutely Appalled by this and Do Not want any of my money in this bank to Support such evil acts! I am closing my Account today!
Sign me up for any class action against them Please and God Bless
Chase Bank is the worst. They also par take in aiding and abetting thieves, elder financial abuse, the bank assists in illegal transfers, theft of social security income, commingling, allow beneficiary of a rep payee account have direct access to his funds, the bank doesn’t monitor accounts or online transactions, there isn’t any program that triggers red flags, they don’t have anything to detect devices logging on to their portal, giving out acct info. to thief on another acct and told him how to get the money out, NOT once did they return any of the money stolen. Chase Bank blocked legally added person to the account to allow the thief to empty elders account who was supposed to be blocked. Not only did the bank let the beneficiary have access to his account but allowed him to open 2 fraudulent accounts and kept them open. Even after numerous times of complaining about all the soc. sec. income missing. The bank was VERY aware and did NOTHING! 12 employee’s knew what was going on. Not one time did anyone report it. Even one bank rep said “What’s going on here is illegal it’s called ACCOUNT TAKEOVER FRAUD. Did they freeze the account or get the money back it was right there in another account in the same bank. The bank’s inability to protect seniors is not even close to slim because it is NONE! BofA they saw what was happening with in 90 days. Chase bank couldn’t investigate themselves out of a paper bag after years of the accounts being there. I have evidence, police reports, and more. Chase Bank helped wipe out my mother financially when she didn’t have much left to begin with. She had been financially abused for so long it adds up to about a 1/2 million. Cognitive decline is all the more reason the bank ignores an elder customer trying to get her money back. The customer won’t remember from day to day so why worry about it right? Well, that senior did remember every month!!!