Bank of America has agreed to pay $72.5 million to survivors of Jeffrey Epstein’s sex-trafficking operation who allege the bank enabled and profited from his crimes.
The lawsuit, filed last year, alleges that the nation’s second-largest bank provided banking services to Epstein and his sex-trafficking operation, along with accounts used by victims and associates — among them Ghislaine Maxwell and Leon Black, the former CEO of Apollo Global Management.
U.S. District Judge Jed Rakoff, who is presiding over the case, will hold a hearing in April to determine whether to approve the settlement.
The deal does not include an admission of liability by the bank.
“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 Bank of America spokesperson told
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