Deutsche Bank went on to pay $150 million to New York regulators and $75 million to Epstein’s victims.SVEN HOPPE—Picture Alliance/Getty Images
Internal communications, trading confirmations, and cash‑handling emails released by the DOJ show Epstein’s money still pulsing through the bank’s systems well into 2019; his aides still getting concierge‑level service on six‑figure cash pickups; and his banker, Oldfield, still treating him as an A-List client in the lead-up to his arrest. Perhaps most seriously in terms of Epstein’s victims—the women and girls he raped and trafficked—Deutsche maintained a special account for Epstein until it was emptied May 2019 and closed two months later. It was named “The Butterfly Trust,” according to a presentation by the Southern District of New York and DOJ files, and it was used to make nearly $3 million in payments to “alleged co‑conspirators or women with Eastern European surnames, for the stated purpose of covering hotel expenses, tuition, and rent,” according to documents filed with New York state. And, as emails reviewed by Fortune show, Deutsche staff who asked questions about who these women were, and why they received such large amounts of cash, were repeatedly brushed off by Epstein’s client-handlers at the bank. The account was one of two still open days after Epstein’s 2019 arrest.
