Current:Home > InvestDeutsche Bank pledges nearly $5 million to help combat human trafficking in New Mexico-Angel Dreamer Wealth Society D1 Reviews & Insights
Deutsche Bank pledges nearly $5 million to help combat human trafficking in New Mexico
View Date:2024-12-23 17:12:17
SANTA FE, 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.
veryGood! (897)
Related
- Gerry Faust, the former head football coach at Notre Dame, has died at 89
- Bobby Flay talks 'Triple Threat,' and how he 'handed' Guy Fieri a Food Network job
- Knicks suing Raptors and former employee for sharing confidential information, per reports
- Why pizza costs more in Iceland and other listener questions
- Stock market today: Asian stocks dip as Wall Street momentum slows with cooling Trump trade
- YouTuber Hank Green Says He's in Complete Remission 3 Months After Hodgkin’s Lymphoma Cancer Diagnosis
- Tropical Storm Harold makes landfall on Texas coast. It is expected to bring rain along the border
- Serena Williams welcomes second daughter, Adira River, with husband Alexis Ohanian
- Chicago Bears will ruin Caleb Williams if they're not careful | Opinion
- Jason Kelce's 'cheap shot' sparks practice-ending brawl between Eagles, Colts
Ranking
- Tropical Storm Sara threatens to bring flash floods and mudslides to Central America
- Atlanta-based Morris Brown College says they are reinstating Covid mask mandates
- These $11 Jeans Have Been Around for 47 Years and They’re Still Trending With 94 Colors To Choose From
- Why pizza costs more in Iceland and other listener questions
- Satire publication The Onion buys Alex Jones’ Infowars at auction with help from Sandy Hook families
- Rays shortstop Wander Franco put on administrative leave as MLB continues investigation
- Harvard's Drew Gilpin Faust says history should make us uncomfortable
- Trader Joe's recalls vegan crackers because they could contain metal
Recommendation
-
USMNT Concacaf Nations League quarterfinal Leg 1 vs. Jamaica: Live stream and TV, rosters
-
Ecuadorians head to the polls just weeks after presidential candidate assassinated
-
'Portrait of a con man': Bishop Sycamore documentary casts brutal spotlight on Roy Johnson
-
Father of NFL cornerback Caleb Farley killed in apparent explosion at North Carolina home
-
Angels sign Travis d'Arnaud: Former All-Star catcher gets multiyear contract in LA
-
850 people still unaccounted for after deadly Maui wildfires, mayor says
-
Events at Fukushima Daiichi nuclear plant since the 2011 earthquake, tsunami and nuclear disaster
-
850 people still unaccounted for after deadly Maui wildfires, mayor says