Bank of America to Pay $72.5 Million to Jeffrey Epstein Victims Who Brought Lawsuit
Bank of America will pay $72.5 million to settle a lawsuit alleging it facilitated Jeffrey Epstein’s sex-trafficking operation.Summary
Bank of America has agreed to a $72.5 million settlement in a federal lawsuit accusing the bank of ignoring “obvious red flags” related to Jeffrey Epstein’s alleged sex-trafficking operation. The lawsuit, filed in Manhattan, claims Bank of America provided accounts and processed transactions for Epstein and his associates despite suspicious activity. This settlement follows similar agreements reached by JPMorgan Chase ($290 million) and Deutsche Bank ($75 million). Plaintiffs, identified as “Jane Doe,” allege the bank failed to report activity that could have aided law enforcement in stopping Epstein years earlier.
Bank of America maintains the settlement is not an admission of wrongdoing, stating it’s a step towards providing closure for the victims. Critics suggest the payout is primarily aimed at avoiding a potentially damaging courtroom battle. Sigrid McCawley, a lawyer representing the women, hailed the settlement as a step towards justice.
Jeffrey Epstein was found dead in a Manhattan jail cell in August 2019, ruled a suicide while awaiting trial on sex trafficking charges.
(Source：Brietbart)