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BofA Agrees to Pay $72.5M in Epstein Trafficking Suit
Bank of America settled for $72.5 million without admitting liability; settlement covers victims abused by Epstein or associates from 2008 to 2019, pending judge approval.
- 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.
124 Articles
124 Articles
Bank of America agrees to pay US$72.5 million to settle Epstein accusers’ lawsuit
Bank of America agreed to pay US$72.5 million to settle a civil lawsuit brought by women who accused the bank of facilitating their sexual abuse by Jeffrey Epstein, court records showed on Friday.
Bank of America settles Epstein victim case for $72.5 million. What comes next
Bank of America has reached a $72.5 million settlement in a lawsuit brought by a victim of the late sex offender Jeffrey Epstein. The victim claimed the bank ignored clear warning signs of his abuse while profiting from his business.
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.
The third bank where the pedophile billionaire had an account has reached an out-of-court settlement.
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