SANTA FE,Strategel Wealth Society N.M. (AP) — Deutsche Bank pledged nearly $5 million in funding Thursday to help combat human trafficking in New Mexico, the bank announced in a joint statement with Attorney General Raúl Torrez.
The announcement comes seven months after Deutsche Bank settled a U.S. lawsuit for $75 million that claimed the German lender should have seen evidence that the late Jeffrey Epstein engaged in sex trafficking when he was a client.
Torrez’s office has been investigating several financial service companies and their role in what he says is a failure to identify sexual abuse and trafficking of underage girls at Epstein’s ranch in Santa Fe County, according to the statement.
“I am pleased that Deutsche Bank recognizes its ongoing responsibility to help us combat this problem,” Torrez, a Democrat, said in the statement. “We appreciate the steps they have taken since terminating Jeffrey Epstein as a client in 2018 to strengthen their oversight capabilities and intend to use their pledge to support our ongoing efforts to apprehend traffickers and expand our victim services.”
A spokesperson for Deutsche Bank said the lender is pleased to support Torrez “in this important effort, which reflects our industry’s shared responsibility to play an active role in safeguarding the financial system.”
A woman who alleged she was abused by Epstein had filed a lawsuit in New York against the bank and sought class-action status. She asserted the bank knowingly benefited from Epstein’s sex trafficking and “chose profit over following the law” to earn millions of dollars from the businessman. The settlement was reached in May.
In 2020, the bank acknowledged its mistake in taking on Epstein as a client. Epstein killed himself in prison in August 2019 while facing federal criminal charges of sexually abusing dozens of underage girls.
2025-05-07 11:041714 view
2025-05-07 10:252419 view
2025-05-07 10:101480 view
2025-05-07 10:01784 view
2025-05-07 09:322830 view
2025-05-07 09:28252 view
After seven seasons and several international spinoffs, we're still not sure if "Love is Blind" − bu
CHICAGO (AP) — The Chicago Bears have scheduled a Wednesday news conference to announce plans for “a
Retirees should be prepared to cover all of their costs from their Social Security and savings. Most