The court dismissed claims that JPMorgan and Deutsche Bank participated in Jeffrey Epstein’s trafficking ring.
Two victims of Epstein sued the banks last year under the pseudonym Jane Doe, arguing the financial institutions kept Epstein as a client, and enabled his abuse of young women, because he generated millions for their businesses. Soon after, the government of the U.S. Virgin IslandsOn Monday, in a blow to the investment banks, U.S. District Judge Jed S. Rakoff ruled that he would only dismiss parts of the trio of related lawsuits.
Following Rakoff’s ruling, Carol Thomas-Jacobs, the acting attorney general for the USVI, said the government looked forward to “ultimately proving our case in court.” “As we have alleged, Epstein’s sex trafficking operation was impossible without the assistance of JPMorgan Chase, and later Deutsche Bank,” Edwards added, “and we assure the public that we will leave no stone unturned in our quest for justice for the many victims who deserved better from one of America’s largest financial institutions.”
at the time. “Obviously I thought I knew him well and I didn’t. For sure, with hindsight with what we know now, I deeply regret having any relationship with Jeffrey.”against Staley, its former chief executive, arguing he should be liable for damages should Jane Doe win her case.
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