Deutsche Bank settles US$75m in Epstein-linked sex trafficking lawsuit

Deutsche Bank agreed to pay US$75 million to settle a lawsuit that accused the financial institution of profiting from its involvement in Jeffrey Epstein’s sex trafficking activities. The settlement is related to a proposed class-action lawsuit filed in November 2022 by an unnamed plaintiff who claimed the German bank knowingly conducted business with Epstein while he used the account to fund sex-trafficking operations.

Although Deutsche Bank has not admitted any wrongdoing, the original complaint filed in a US court in New York stated that the bank financially benefited from supporting Epstein’s “sex trafficking organisation to successfully rape, sexually assault and coercively sex traffic Plaintiff Jane Doe 1 and the numerous other members of the Class.”

Epstein, an American financier who committed suicide in 2019 while awaiting trial for sex…