Epstein victims to get $72.5 million from Bank of America in lawsuit settlement
📖 Full Retelling
The settlement by Bank of America comes nearly three years after JPMorgan Chase and Deutsche Bank settled similar lawsuits by victims of Jeffrey Epstein.
Entity Intersection Graph
No entity connections available yet for this article.
Original Source
In this article DB Follow your favorite stocks CREATE FREE ACCOUNT A Bank of America branch in New York, US, on Saturday, Oct. 11, 2025. Michael Nagle | Bloomberg | Getty Images Bank of America has agreed to pay victims of notorious sex offender Jeffrey Epstein $72.5 million to settle a class action lawsuit alleging that the bank facilitated his sex trafficking operation, a New York federal court filing showed Friday evening. The settlement, in which BoA did not admit wrongdoing, is the fourth settlement by a major bank of legal claims by Epstein victims or a government entity alleging they effectively abetted his trafficking while he was a customer. "While we stand by our prior statements made in the filings in this case, including that Bank of America did not facilitate sex trafficking crimes, this resolution allows us to put this matter behind us and provides further closure for the plaintiffs," a spokesperson for Bank of America said in a statement sent to CNBC. JPMorgan Chase in June 2023 agreed to pay victims of Epstein a whopping $290 million to settle a similar lawsuit. The settlement came a month after Deutsche Bank agreed to pay victims $75 million . JPMorgan in August 2023 separately agreed to pay the government of the U.S. Virgin Islands $75 million, alleging the bank facilitated and benefited from the sex trafficking of young women by Epstein . Like BoA, JPMorgan did not admit wrongdoing in its settlements. Deutsche Bank, however, at the time of its settlement, said, "We acknowledge our error onboarding Epstein in 2013, and the weaknesses in our processes, and have learnt from our mistakes and our shortcomings." Those three prior lawsuits, like the current one against BoA, were filed in U.S. District Court in Manhattan. Read more about the Jeffrey Epstein files List: High-profile people burned by past dealings exposed in the Epstein files House committee subpoenas Attorney General Pam Bondi Goldman Sachs’ Ruemmler, Bill Gates, Leon Black will testify...
Read full article at source