Deutsche Bank Settles Jeffrey Epstein Vetting Lawsuit for $26 Million
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Deutsche Bank AG agreed to pay $26.25 million to settle a lawsuit that accused it of misleading investors about how thoroughly it vetted clients, among them convicted sex offender Jeffrey Epstein and Russian oligarchs.
The proposed accord filed Friday in Manhattan federal court resolves a class-action suit filed in 2020 over the bank’s “Know Your Customer” processes and procedures.