Bank of America Pays $72.5 Million to Settle Lawsuit by Epstein Victims
The New York Times • • business
Key Points:
- Bank of America has agreed to pay $72.5 million to settle a lawsuit brought by lawyers representing hundreds of Jeffrey Epstein’s sexual abuse victims, pending court approval.
- This settlement marks the third payout by a major bank to resolve similar claims from the same group of victims’ lawyers.
- The lawsuit alleged that Bank of America financially benefited from its relationship with Epstein and ignored signs that his accounts were used to facilitate sexual abuse.
- Bank of America maintains it did not facilitate sex-trafficking crimes but sees the settlement as a way to close the matter and provide closure for the plaintiffs.
