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Committee member says banks enabled Epstein's crimes; subpoenas sought for additional banks
Summary
A committee member told Mr. Koven that litigation showed Epstein moved "large amounts of cash" without banks asking questions, called it "a damn shame" that DOJ and the FBI did not follow the leads, and said subpoenas were issued to Deutsche Bank and JP Morgan with subpoenas sought for 21 more banks.
A committee member asked Mr. Koven to explain a prior claim that Jeffrey Epstein could not have committed his crimes without "the complicity of banks," and said that House Oversight Democrats have worked with Chairman Comer to issue subpoenas to Deutsche Bank and JP Morgan and are seeking subpoenas for 21 additional banks.
The committee member said the litigation team "found during our original litigation that he was pulling out large amounts of cash and transferring funds back and forth and large amounts of cash were coming out of the banks. There were never any questions that were being asked of him" and argued that banks "appeared to be working with him, not questioning him because of all of the money he was moving through those institutions." The speaker attributed these points to their original litigation findings rather than to new bank records disclosed here.
The committee member criticized federal law enforcement for not pursuing the financial leads, saying, "It is a damn shame that the Department of Justice and the FBI have never followed this thread even though it's something that is very, very important." The remark was presented as the committee member's assessment; the transcript does not include a response from the DOJ or the FBI in this exchange.
On next steps, the committee member said House Oversight Democrats have coordinated with Chairman Comer "to issue subpoenas for Deutsche Bank and JP Morgan" and that they are "seeking subpoenas for an additional 21 banks." The speaker framed the subpoenas as part of continued investigative work; the transcript records the committee member's account but does not provide text of the subpoenas or confirm any banks' responses in the record provided here.
The exchange in the transcript focused on the committee member's summary of litigation findings, criticism of federal law enforcement's past actions, and the announced effort to obtain bank records via subpoenas. The transcript does not record testimony from bank representatives or a response from the Department of Justice or the FBI.
The hearing proceeded after this line of questioning; no formal vote or committee action is recorded in these segments.
