Deutsche Bank AG has agreed to pay $75 million to settle a proposed class-action lawsuit alleging that it aided Jeffrey Epstein’s sex-trafficking ring. The suit was filed by lawyers on behalf of an anonymous victim and others who accused the financier of sexual abuse and trafficking. Dozens of accusers are expected to be compensated by the settlement. The German bank managed Epstein’s money for years, and did not cut ties with him until June 2019. In 2020, Deutsche Bank agreed to pay a $150 million fine to New York regulators for significant compliance failures in its dealing with Epstein. JPMorgan Chase & Co. still faces two lawsuits related to its dealings with Epstein, and former JPMorgan executive Jes Staley faces a separate suit regarding his relationship with Epstein.JPMorgan Chase & Co. is facing scrutiny over its ties to the late financier Jeffrey Epstein. The bank has been accused of failing to properly monitor Epstein’s accounts and of providing him with banking services despite knowing of his criminal past.
The Wall Street Journal recently reported that Epstein’s ties with JPMorgan ran deeper than the bank has acknowledged. JPMorgan CEO Jamie Dimon is expected to be deposed for the cases in late May.
The bank has denied any wrongdoing and has said that it is cooperating with the investigations. It has also said that it has taken steps to strengthen its compliance and anti-money laundering programs.
The scandal has raised questions about the bank’s oversight of its customers and its ability to detect and prevent financial crimes. It has also highlighted the need for stronger regulations and oversight of the banking industry.
The outcome of the investigations into JPMorgan’s ties to Epstein will be closely watched by regulators, investors, and the public. It could have far-reaching implications for the banking industry and its ability to prevent financial crimes.Are you looking for a new way to stay healthy? Look no further than the new fitness trend, HIIT. HIIT stands for High Intensity Interval Training and is a great way to get in shape quickly. It involves short bursts of intense exercise followed by short periods of rest. This type of exercise is great for burning fat and building muscle.rnrnHIIT is a great way to get in shape quickly and efficiently. It is perfect for those who are short on time and want to get the most out of their workout. It is also great for those who are looking to challenge themselves and push their limits. HIIT workouts can be tailored to any fitness level and can be done in the comfort of your own home.rnrnIf you’re looking for a new way to stay fit, HIIT is the perfect choice. It is an effective and efficient way to get in shape quickly and can be tailored to any fitness level. So why not give it a try? You won’t regret it!