Deutsche Bank Settles Epstein Lawsuit For Up To $75 Million
May 17th, 2023Via: ZeroHedge:
Deutsche Bank has agreed to pay up to $75 million to settle a lawsuit brought by an Jeffrey Epstein victim who claimed that the bank had benefited from human trafficking by retaining Epstein as a client, the Financial Times reports.
The lawsuit is one of three ongoing cases involving lenders to Epstein – the two others being a combined case against JPMorgan Chase, which is being sued by a different alleged victim and the US Virgin Islands, where Epstein owned property.
The Deutsche Bank lawsuit was filed as a proposed class action in November, based on a New York law which temporarily allowed abuse claims to be brought beyond the statute of limitations.
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Judge Jed Rakoff stated in his order denying in part Deutsche’s attempt to dismiss the case, said Epstein “solicited Deutsche Bank’s advice about how to structure his withdrawals so as to evade notice . . . and he was shielded by Deutsche Bank’s failure to file suspicious activity reports.”
Rakoff added that it was “plausible” that the bank had directly benefited from human trafficking in his order to allow the case to proceed to trial.
Epstein lies like a psychopath.
Epstein justified his activity in the US Virgin Islands by claiming the people there were an “isolated population”? That’s a good example of how the success of his lies often depends on his audience’s lack of detailed knowledge about what he’s saying.
Spanish explorers arrived In the VI in 1555 and killed off all the natives. (Before then, a series of various native invaders had been killing off each other.) After the Spanish, the British and Danes took over by turns, importing black slave laborers and white plantation owners and managers. By the 1770’s, St. Thomas, (the island I’ve visited), was a Caribbean center of trade and shipping, including piracy. With their home govts very far away, the islands were ruled as autocracies by the local elites. The US bought the islands in 1917, and their business continued as usual, with the addition of US military posts. Tourism followed, with tax-free purchasing and freedom from many US state-type laws, since the USVI are a territory, not a state.
Take a look at the pic of one of the islands today in the news report. There are many-story hotels and condos and apartment bldgs scattered all over the place. “The USVI welcomes over two million visitors per year, a significant number for strategic business opportunities. Retail stores, event and meeting spaces, car rentals, recreational and water activity organizers, sporting venues, casinos and more all benefit from tourists vacationing in hotels and visiting on cruises.” https://www.usvieda.org/relocate-business/key-industries/tourism-hospitality
So: its native population was wiped out by the 1600’s and replaced by Europeans and Africans. Newcomers from everywhere — now more than two million per year — have been coming and going ever since. Some proportion of them, entrepreneurs like Captain Kidd, Black Sam, and Jeffrey Epstein, have been seeking and finding business opportunities and amusements not openly available in the continental US. Surely there has been continuous mixing of DNA among the resident population and with visitors. Epstein’s statement that the population is “isolated” is beyond ridiculous. I have to wonder if an extremely heterogenious population is what he really wanted.