Banks seek to quash women’s lawsuits in Jeffrey Epstein case

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NEWYORK — Deutsche Bank, JPMorgan Chase and JPMorgan Securities are asking a federal judge to dismiss lawsuits that claim the big banks should see evidence of Jeffrey Epstein’s sex trafficking. Jeffrey Epstein was a high-flying financier who died in prison while facing criminal charges. The banks claimed that they did not commit any negligent acts that caused injury to the women who filed the lawsuits. They also stated that the lawsuits failed show that they profited from Epstein’s sexual trafficking.

The filings in New York’s federal district court came a month after Jane Doe and two other women sued the banks as well as the government of U.S. Virgin Islands. Epstein owned a small island on which he lived. The lawsuits seek class-action status to represent other Epstein victims. They claim that banks profited from Epstein’s sex traficking and “choose profit over following the laws” to make millions of dollars from the financier.

They suggested to Epstein that banks should have avoided Epstein’s arrest in Florida. He eventually pleaded guilty state charges of soliciting prostitutes and the fallout of a federal investigation.

“Without financial institution participation, Epstein’s sexual-trafficking scheme couldn’t have existed or thrived,” the lawsuits claim.

JPMorgan Chase stated Friday that Jane Doe in its case was entitled to justice. But this lawsuit against JPMC is directed at the wrong party, is legally meritless, and should be dismissed.”

Deutsche Bank said it provided “routine banking services” to Epstein from 2013 to 2018, and the lawsuit “does not come close to adequately alleging that Deutsche Bank … was part of Epstein’s criminal sex trafficking ring.”

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