Large banks might be sued because of Epstein connections.March 22, 2023
A US judge has cleared the way for three lawsuits against banking giants JP Morgan and Deutsche Bank, alleging both companies knowingly benefited from their relationships with convicted sex predator Jeffrey Epstein. The first lawsuit against JP Morgan, filed by an unnamed "Jane Doe" representing a group of the pedophile's victims, alleges the US-based bank "knowingly benefited from participating in a sex trafficking venture" led by Epstein, who was a client there from 1998 through 2013. The US Virgin Islands' own suit against JP Morgan alleges the bank enabled the late predator's sex trafficking operation, though Judge Rakoff also threw out three of the four claims in that suit. Former JP Morgan CEO Jes Staley, a central figure in both lawsuits against the bank who resigned in 2021 over his links with Epstein, is reportedly due to be deposed later this week. Rakoff tentatively scheduled trial dates for both JP Morgan cases for October 23.