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JPMorgan Chase and Deutsche Bank AG are facing lawsuits accusing them of enabling Jeffrey Epstein's sex trafficking, according to a ruling by a US District Judge in Manhattan. The banks may face financial and reputational damage for continuing to work with Epstein, even after he registered as a sex offender.
The judge ordered JPMorgan to face a lawsuit by the US Virgin Islands for missing red flags about Epstein's abuse of women on his private island, Little Saint James.
Both banks must also face proposed class actions by women who said Epstein sexually abused them, Reuters reports.
The plaintiffs will try to prove that the banks knowingly benefited from Epstein's sex trafficking and were negligent in obstructing enforcement of a federal anti-trafficking law. The decision by the judge gives the plaintiffs a chance to seek billions of dollars in damages in a scheduled October trial that will cover more than 300 Epstein victims.
The JPMorgan cases have also drawn attention to accusations that the bank's former private banking chief, Jes Staley, exchanged sexually suggestive messages with Epstein and committed sexual assault.
The judge ordered JPMorgan to face a lawsuit by the US Virgin Islands for missing red flags about Epstein's abuse of women on his private island, Little Saint James.
Both banks must also face proposed class actions by women who said Epstein sexually abused them, Reuters reports.
The plaintiffs will try to prove that the banks knowingly benefited from Epstein's sex trafficking and were negligent in obstructing enforcement of a federal anti-trafficking law. The decision by the judge gives the plaintiffs a chance to seek billions of dollars in damages in a scheduled October trial that will cover more than 300 Epstein victims.
The JPMorgan cases have also drawn attention to accusations that the bank's former private banking chief, Jes Staley, exchanged sexually suggestive messages with Epstein and committed sexual assault.
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