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Deutsche Bank kept Epstein accounts open post-arrest

By PulseAugur Editorial · [1 sources] ·

Deutsche Bank continued to service Jeffrey Epstein's accounts for months after officially terminating their relationship, and even after his arrest. Internal communications reveal that a banker named Stewart Oldfield facilitated extensions for Epstein's entities to move their funds, indicating the bank's break was not immediate. A special account named "The Butterfly Trust" was used for nearly $3 million in payments to individuals for hotel expenses, tuition, and rent, with Deutsche Bank staff reportedly brushing off questions about the recipients. AI

RANK_REASON Reporting on a major financial institution's continued involvement with a high-profile, controversial client. [lever_c_demoted from significant: ic=1 ai=0.0]

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AI-generated summary · Google Gemini · from 1 sources. How we write summaries →

Deutsche Bank kept Epstein accounts open post-arrest

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Reporting on a major financial institution's continued involvement with a high-profile, controversial client. [lever_c_demoted from significant: ic=1 ai=0.0]
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144 days old
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COVERAGE [1]

  1. Fortune TIER_1 English(EN) · Lily Mae Lazarus ·

    ‘The Butterfly Trust’: How Deutsche Bank maintained Jeffrey Epstein as a client until he was arrested

    The bank said it fired Epstein as a client in 2018. In reality, it kept his accounts open until after he was jailed in 2019.

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