Deutsche Bank Fined $150M For Epstein Account Handlings

Deutsche Bank was fined $150 million for failing to regulate Jeffrey Epstein's suspicious transactions, despite his status as a registered sex offender. Epstein, who died in 2019, had been with the bank since 2013 and was labeled high risk. The bank overlooked numerous payments related to legal expenses and other questionable activities. An attorney withdrew large sums of cash, and the bank failed to investigate due to Epstein's financial influence. Even after suspicions arose, the bank provided reference letters for Epstein. The bank's CEO admitted it was a critical mistake to have Epstein as a client.

What was the primary reason Deutsche Bank was fined $150 million?

• For tax evasion

• For not regulating Epstein's transactions

• For insider trading

• For money laundering

What were some of the suspicious payments made by Epstein?

• To offshore accounts

• To law firms and for school tuition

• To political campaigns

• To real estate investments

How much cash did Epstein's attorney reportedly withdraw for travel and tipping?

• $1,000,000

• $1,500,000

• $800,000

• $500,000

What did Deutsche Bank's manager do despite knowing about Epstein's activities?

• Closed Epstein's accounts

• Increased oversight on Epstein's accounts

• Reported Epstein to authorities

• Wrote reference letters for Epstein

What did Deutsche Bank's CEO say about having Epstein as a client?

• It was unavoidable

• It was beneficial for the bank

• It was a critical mistake

• It was a strategic decision