US judge says Bank of America's alleged 'reckless disregard' supports Epstein lawsuit | Law-Order

U.S. District Judge Jed Rakoff has allowed a class action lawsuit against Bank of America to proceed, citing accusations that the bank recklessly disregarded information regarding Jeffrey Epstein’s sex trafficking activities. The judge’s assessment supports claims that Bank of America knowingly benefited from Epstein’s crimes and obstructed enforcement of the federal Trafficking Victims Protection Act. While dismissing four other claims against Bank of America and all claims against Bank of New York Mellon, Rakoff stated the plaintiff, identified as Jane Doe, “plainly alleges” that Bank of America provided non-routine banking services to Epstein, including allowing large money transfers despite knowing his involvement in sex crimes. The judge also noted the bank allegedly “turned a blind eye” to media reports about Epstein and failed to inquire about suspicious financial activity.

Bank of America maintains it will fully review the facts. The case stems from allegations that the bank prioritized profits over protecting victims, continuing to do business with Epstein until his arrest in July 2019. Epstein died by suicide while in jail the following month.

This ruling follows settlements reached in 2023 with JPMorgan Chase ($290 million) and Deutsche Bank ($75 million) on behalf of other Epstein accusers, with neither bank admitting wrongdoing. A trial is scheduled for May 11.

(Source：Devdiscourse)