Jeffrey Epstein banks to face sex trafficking case

[jgo]

Source: BBC News

Two banks connected with the late Jeffrey Epstein will face lawsuits over claims they enabled his sex trafficking, a US court has ruled.

Two women who say the financier sexually abused them brought the case against JP Morgan Chase and Deutsche Bank.

In a four-page order Judge Rakoff wrote that the women and Virgin Islands government could try to make the case the banks had "knowingly benefited from participating in a sex trafficking venture".

He also allowed the women to pursue claims the banks were negligent and obstructed enforcement of a federal anti-trafficking law.


Read more: https://www.bbc.com/news/business-65017982?at_medium=RSS&at_campaign=KARANGA

[GreenWave]

1. Will these banks be found suicided?

[Xipe Totec]

3. Shorted on rope stock. nt

[Kennah]

5. Right after the Golden Parachute clauses are effected

[2naSalit]

2. Cool!

[Cherokee100]

4. Maybe

Maybe they will fall out of, a upper story hotel window..

[Martin68]

6. Did the banks have any way to know what Epstein was up to? Do the banks have more responsibility

than prosecutors who let Epstein off easy the first time around?

[robbob]

7. Why to this day

Has there been no action against the clients of Epstein? Supposedly all kinds of evidence was seized, client lists, possibly video tapes of powerful men abusing young women, some who may have been minors. It’s all been locked away in a secret vault, warehoused somewhere like the Arc at the end of Indiana Jones. I guess some people are “too big to prosecute”?

[Martin68]

8. I fail to see how the banks are to blame for that.

I'd like to see all Epstein's clients suffer the consequences, but the subject at hand was the "responsibility" of his banks. I still don't understand how they can be held responsible.

[robbob]

9. I wasn't commenting on the banks responsibility...

You mention prosecutors letting Epstein off easy, that got me thinking about how the whole story has kind of vanished down the memory hole with the death of Epstein. Maybe I should have been replying to the OP?

[jgo]

10. from another article

"The suits allege that JP Morgan Chase and Deutsche Bank knew that Epstein maintained a network of underage girls for sexual abuse, and actively enabled him to continue his crimes. The plaintiffs say that the banks should be held fiscally liable for the damage to victims.

...

which allows the suits to move forward to examine other legal questions, including:

whether the banks knowingly benefited from participating in a sex-trafficking venture
whether the banks obstructed enforcement of the Trafficking Victims Protection Act
whether the banks negligently failed to exercise reasonable care to prevent harm"