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Bank of America agrees to pay $72.5 million to settle Epstein accusers' lawsuit
Bank of America will pay $72.5 million without admitting wrongdoing to settle claims it facilitated Jeffrey Epstein’s sex trafficking, pending judge approval in Manhattan federal court.
- On Friday, Bank of America agreed to pay $72.5 million to settle a civil lawsuit brought by women who accused the institution of facilitating sexual abuse by Jeffrey Epstein, court records showed.
- Jane Doe, the plaintiff using a pseudonym, alleged the bank ignored suspicious financial transactions despite a "plethora" of information about Epstein's crimes, prioritizing profit over victim protection.
- Attorneys David Boies and Bradley Edwards called the settlement the "best option for their clients" given many suffered harm years ago, while counsel may seek up to 30% of the settlement, or about $21.8 million, for legal fees.
- A Bank of America spokesperson stated the bank denies facilitating "sex trafficking crimes," yet the settlement allows the institution to provide closure for plaintiffs pending U.S. District Judge Jed Rakoff's approval at a Thursday hearing.
- Epstein's associates faced prior settlements of $290 million with JPMorgan Chase and $75 million with Deutsche Bank, while Apollo Global Management co-founder Leon Black paid $158 million for tax planning related to Epstein.
109 Articles
109 Articles
The Western Journal
The Gateway PunditBank of America to Pay $72.5M Settlement Over Epstein Lawsuit
Bank of America is paying $72.5 million to settle a federal lawsuit claiming it enabled sex trafficker Jeffrey Epstein. The lawsuit claimed Bank of America ignored “obvious red flags” while […] The post Bank of America to Pay $72.5M Settlement Over Epstein Lawsuit appeared first on The Western Journal.
Bank of America, the second largest bank in the United States, agreed to pay more than $72.5 million as part of an agreement to resolve a lawsuit filed by victims of Jeffrey Epstein, who accuse the entity of having facilitated and profited from the sexual trafficking operations of the convicted paedophile.The appeal, which was filed last year in a federal court in New York, alleges that the bank earned profits from its relationship with Epstein …
Bank of America agrees to massive payout in settlement with Epstein survivors
Bank of America has agreed to a massive payout to Jeffrey Epstein's survivors who accused the financial institution of helping him fund his sex-trafficking operation.A lawsuit filed last year accused the nation's second-largest bank of enabling and profiting from Epstein's crimes, and Bank of Americ...
Washington, 28 Mar (EFE).- Bank of America, the second largest bank in the United States, agreed to pay more than $72.5 million as part of an agreement to resolve a lawsuit filed by victims of Jeffrey Epstein, who accuse the entity of having facilitated and obtained benefits from the sexual trafficking operations of the convicted paedophile. The appeal, which was filed last year in a federal court in New York, alleges that the bank earned profit…
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