Deutsche Bank Pays Over $ 26 Million For Investor Settlement On Lax Supervision Of Sex Offender Jeffrey Epstein

In 2020 Deutsche Bank was already fined $ 150 million (€ 154 million) by the US state government of New York for failing to oversee Jeffrey Epstein’s controversial financial affairs, among other things. Epstein, who had close ties to the political and financial elite, especially in the United States, died in a US prison in 2019. He was suspected of abusing dozens of underage girls between 2002 and 2005.

According to the market watchdog, Deutsche Bank had approached the billionaire on its own to become a customer after he was previously convicted of child abuse in Florida. Epstein used his account to pay for settlements, transfer money to women in Eastern Europe, and raise $ 800,000 for travel and other expenses.

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