Deutsche Bank, which has attempted to extricate itself from wealthy financier Jeffrey Epstein in the wake of recent charges of sex trafficking, said it’s “absolutely committed to cooperating with all relevant authorities” after the bank reported suspicious activities on Epstein’s accounts.
Epstein has been a client of the bank since 2013, at least five years after he took a controversial nonprosecution plea deal in Miami in 2008. The deal resulted in an 18-month sentence for solicitation of prostitution involving an underage victim. (He served 13 months of that sentence.)
FLORIDA SHERIFF ORDERS INVESTIGATION INTO JEFFREY EPSTEIN’S WORK RELEASE PROGRAM
Deutsche Bank, which itself is at the center of an unrelated investigation into whether it complied with regulations designed to stop money laundering and other crimes, tried to sever ties with Epstein, 66, in 2018 after The Miami Herald published an investigation into the handling of the 2008 Epstein case. The bank attempted to close several dozen bank accounts for Epstein and his businesses while simultaneously looking for signs that he had used his money to finance sex trafficking schemes, which prosecutors allege involved underage girls, according to reports by The New York Times.
In the process, the German bank, which had also given Epstein several loans, uncovered that Epstein has allegedly moved money out of the United States, and it reported the suspicious transactions to a federal agency that oversees financial crimes. – READ MORE