Bank of America agrees to pay $72.5m to settle Epstein sex-trafficking suit
WASHINGTON: Bank of America has agreed to pay $72.5 million to settle a class action lawsuit alleging that the bank facilitated a sex trafficking
An illustrative image related to: Bank of America agrees to pay $72.5m to settle Epstein sex-trafficking suit, highlighting key aspects of the story. | Image source: Geo News
Bank of America agrees to pay $72.5m to settle Epstein sex-trafficking suit
WASHINGTON: Bank of America has agreed to pay $72.5 million to settle a class action lawsuit alleging that the bank facilitated a sex trafficking ring orchestrated by Jeffrey Epstein, judiciary documents showed Friday.
Bank of America stated separately that while it continued to deny supporting Epstein's crimes, "this formal declaration allows us to put this matter behind us and provides further closure for the plaintiffs."
The suit, filed by an unidentified woman on behalf of herself and other alleged victims, asserted the bank's executives "ignored red flags" about Epstein's sex trafficking venture to provide him with banking and investment services.
The settlement, if approved in judiciary, would avoid a potentially lengthy proceeding process and was deemed to be in the "best interests" of the plaintiffs.
It was the latest bank to settle lawsuits from Epstein's alleged victims, after a $75 million accord by JP Morgan and a documented $75 million payment by Deutsche Bank, both in 2023.
Source & Editorial Note
Curious Pakistan provides a concise, contextual summary of verified newsroom reports and official statements.
Disclaimer: This article contains an editorial summary of news reported by third-party publishers. Curious Pakistan does not claim original reporting; information is adapted only for clarity, context and readability
Contact Us For More Detail Or any Query
{"@context":"https://schema.org","@type":"NewsArticle","headline":"Bank of America agrees to pay $72.5m to settle Epstein sex-trafficking suit","image":["https://images.weserv.nl/?url=www.geo.tv%2Fassets%2Fuploads%2F2026-03-28%2F657508_093735_updates.jpg&w=1200&h=675&fit=cover&output=webp"],"datePublished":"2026-03-28","dateModified":"2026-03-28","author":[{"@type":"Person","name":"Insight Desk","url":"https://www.curiouspakistan.com/p/author.html?label=Z-AI"}],"publisher":{"@type":"Organization","name":"Curious Pakistan","logo":{"@type":"ImageObject","url":"https://blogger.googleusercontent.com/img/a/AVvXsEgL5seAo-05Wvrnele_PZkLSSiSNLr4ljkDQfTwjQtHnEYu6fDfDqUR5HOnqcWoLe-O6JuW0ZNnc5mVBjQewHUJhKTLtHQ1ouwj3Ge5U_TrTQ0wQj-HnETxIONhcECufKT71ikUZV3-14RLOBldvj8Nu8KR8WQSMwKGdNaaa7FqmWYLC6tmDg8mVD2fqw=s725"}},"description":"WASHINGTON: Bank of America has agreed to pay $72.5 million to settle a class action lawsuit alleging that the bank facilitated a sex trafficking ring orchestrated by Jeffrey Epstein, judiciary documents showed Friday. Bank of America stated separately that while it continued to deny supporting","articleBody":"WASHINGTON: Bank of America has agreed to pay $72.5 million to settle a class action lawsuit alleging that the bank facilitated a sex trafficking ring orchestrated by Jeffrey Epstein, judiciary documents showed Friday.\\n\\nBank of America stated separately that while it continued to deny supporting Epstein's crimes, \\\"this formal declaration allows us to put this matter behind us and provides further closure for the plaintiffs.\\\"\\n\\nThe suit, filed by an unidentified woman on behalf of herself and other alleged victims, asserted the bank's executives \\\"ignored red flags\\\" about Epstein's sex trafficking venture to provide him with banking and investment services.\\n\\nThe settlement, if approved in judiciary, would avoid a potentially lengthy proceeding process and was deemed to be in the \\\"best interests\\\" of the plaintiffs.\\n\\nIt was the latest bank to settle lawsuits from Epstein's alleged victims, after a $75 million accord by JP Morgan and a documented $75 million payment by Deutsche Bank, both in 2023.","articleSection":"World News","keywords":["Breaking News","World News"]}
