“…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. The settlement with BoA must be approved by U.S. District Court in Manhattan Judge Jed Rakoff; such approval is typically granted.
(…)
Prior bank settlements
JPMorgan Chase in June 2023 agreed to pay victims of Epstein $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, who owned a private island in the USVI…”