Deutsche Bank has agreed to pay a group of Jeffrey Epstein’s sex abuse victims $75 million in what’s thought to be the biggest legal settlement of its kind. The class action suit could mean payments of as much as $5 million for each plaintiff and constitutes endorsement of their claim that the bank profited from Epstein’s sex trafficking. Chronology is key: Epstein pled guilty to a Florida charge of soliciting prostitution with someone under 18 in 2008. JP Morgan ditched him as a client in 2013 because of concerns about reputational blowback. Deutsche took on Epstein and his own clients soon afterwards despite his criminal record, and those clients brought with them deposits worth more than $110 million.
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