Bank of America reaches settlement in Epstein lawsuit
Bank of America will pay $72.5 million to settle a lawsuit alleging it facilitated Jeffrey Epstein's sex trafficking.Summary
Bank of America has agreed to a $72.5 million settlement in a class-action lawsuit brought by victims of Jeffrey Epstein, who accused the bank of aiding his sex trafficking operation. The lawsuit, filed by a woman alleging abuse by Epstein over several years, claimed the bank prioritized profit over protecting victims despite having knowledge of Epstein’s activities. Bank of America maintains it has made “no admission of liability” but seeks to resolve the matter. This settlement follows similar agreements by JP Morgan Chase and Deutsche Bank, totaling $290 million and $75 million respectively. The case highlighted unusual banking activity in the plaintiff’s accounts, linked to Epstein’s team, and payments from billionaire Leon Black to Epstein for alleged financial advice. Bank of America had previously attempted to dismiss the lawsuit, asserting it provided standard services without knowledge of Epstein’s crimes, but ultimately chose to settle.
(Source：Google News)