Bank of America to Pay $72.5 Million to Jeffrey Epstein Victims Who Brought Lawsuit
Bank of America will be dishing out $72.5 million to settle a federal lawsuit that accused the bank of ignoring Jeffrey Epstein’s alleged sex-trafficking operation, joining two other big banks that have also settled with multimillion dollar payments.
The lawsuit, based in Manhattan, accused Bank of America of providing accounts and processing transactions for Epstein and his associates despite “obvious red flags,” the New York Post reported Friday.
The Bank of America settlement, which still has to be approved by U.S. District Judge Jed Rakoff, joins settlements already paid by JPMorgan Chase for $290 million and Deutsche Bank for $75 million.
The plaintiffs in the federal lawsuit, filed under a pseudonym “Jane Doe,” claim that Bank of America failed to report suspicious activity that could have enabled law enforcement to crack down on the disgraced pedophile years earlier.
The lawsuit was brought by women who have accused the bank of facilitating their sexual abuse. (Read more from “Bank of America to Pay $72.5 Million to Jeffrey Epstein Victims Who Brought Lawsuit” HERE)
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