Quantum Insights-Deutsche Bank pledges nearly $5 million to help combat human trafficking in New Mexico

2025-05-07 02:15:49source:Kacper Sobieskicategory:Contact

SANTA FE,Quantum Insights 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.

More:Contact

Recommend

Travis Hunter, the 2

The AP Top 25 college football pollis back every week throughout the season!Get the poll delivered s

Jolly Rancher flavored popsicles recalled over concerns of milk contamination

Approximately 137,000 cases of popsicles are being recalled over concerns that they may contain milk

Daniela Larreal Chirinos, 5-time Olympic cyclist for Venezuela, dies in Las Vegas at 51

LAS VEGAS (AP) — Daniela Larreal Chirinos, a five-time Olympic cyclist who competed for Venezuela ov