The lawsuits, filed separately in a New York court, allege the banks had “knowingly benefited and received things of value for assisting, supporting, facilitating, and otherwise providing the most critical service for the Jeffrey Epstein sex trafficking organization.”
Both suits are seeking unspecified damages and ask to be certified as a class action. A Deutsche Bank spokeswoman said the claim “lacks merit” and the bank will present its arguments in court. A spokesman for JPMorgan in London declined to comment. The suits threaten to return the spotlight to Wall Street and the nature of its links to Epstein. A Who’s Who of prominent financiers, entrepreneurs, politicians and even royals have been tainted by their association with the convicted pedophile.Epstein was found dead in his U.S. jail cell in 2019, after being arrested and charged with sex trafficking. Epstein spent decades cultivating ties to U.S. and British elites including several Wall Street figures.
The UK’s Prince Andrew had to withdraw from public duties after a disastrous television interview about his ties to Epstein. Jes Staley abruptly stepped down as chief executive officer of Barclays Plc last year after UK regulators shared with Barclays the preliminary findings of their multi year probe into what he told the bank’s board about his relationship with Epstein.
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