Deutsche Bank AG will pay $75 million to settle a proposed class-action lawsuit claiming it aided Jeffrey Epstein’s sex-trafficking ring, the Wall Street Journal reported Wednesday night.
The suit was filed by lawyers on behalf of an anonymous victim and others who accused the financier, who died by suicide in federal lockup in 2019, of sexual abuse and trafficking. The suit claimed Deutsche Bank DB, +1.92% ignored red flags and did business with Epstein for five years despite knowing he was using the money from his accounts to further his sex trafficking.
This article was originally published by Marketwatch.com. Read the original article here.
