Trending Now - Bank of America Agrees to $72.5 Million Epstein Lawsuit Settlement

WHO:

Bank of America spokesperson stated, "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."

Sigrid McCawley, lawyer for Epstein victims, described Leon Black as a "critical witness" in the case.

Bank of America

Jeffrey Epstein, convicted sex offender

Leon Black, co-founder of Apollo Global Management

Sigrid McCawley, lawyer for Epstein victims

Jane Doe, pseudonym for a woman involved in the lawsuit

WHAT:

[11:48 PM EDT] - CBS News - The settlement is the fourth settlement by a major bank regarding legal claims by Epstein victims or a government entity alleging they abetted his trafficking while he was a customer.

[11:48 PM EDT] - CBS News - The settlement will compensate "all women who were sexually abused or trafficked by Jeffrey Epstein, or by any person who is connected to or otherwise associated with Jeffrey Epstein or any Jeffrey Epstein sex-trafficking venture, between June 30, 2008 and July 6, 2019, inclusive."

[11:48 PM EDT] - CBS News - Lawyers in the case are aware of at least 60 women who were victimized by Epstein during the specified dates.

[11:48 PM EDT] - CNBC - The proposed settlement requires court approval, which is typically granted.

[11:48 PM EDT] - DW.com - The proposed settlement would avert a lengthy trial.

[11:48 PM EDT] - DW.com - In 2023, JPMorgan and Deutsche Bank agreed to pay $75 million separately to settle similar lawsuits.

[11:48 PM EDT] - CBS News - The lawsuit claims that Bank of America "knowingly and intentionally participated in, assisted, supported, and facilitated Jeffrey Epstein's sex trafficking venture by providing Jeffrey Epstein and his associates with banking and investment services."

[11:48 PM EDT] - CBS News - The lawsuit alleges that Epstein coerced Jane Doe into a "cult-like life" and controlled her "financially, emotionally, and psychologically" from 2011 through 2019.

[11:48 PM EDT] - CBS News - The lawsuit states that Epstein held Jane Doe's immigration status "over her head" until her escape following his death in August 2019.

[11:48 PM EDT] - CBS News - The lawsuit accused Bank of America of ignoring a $170 million payment made by Leon Black to Epstein from a Bank of America account for "tax and estate planning advice."

[11:48 PM EDT] - CBS News - The lawsuit alleges that Bank of America failed to file suspicious activity reports, known as SARs, until after Epstein's death in 2019.

The lawsuit claims that Bank of America "knowingly and intentionally participated in, assisted, supported, and facilitated Jeffrey Epstein's sex trafficking venture."

The lawsuit alleges that Epstein sexually abused Jane Doe on at least 100 occasions, including raping her and forcing her to engage sexually with other women for his sexual gratification.

The lawsuit states that Epstein paid Jane Doe rent and income from a phony job through a Bank of America account.

The settlement must be approved by U.S. District Court Judge Jed Rakoff in Manhattan.

The settlement will compensate "all women who were sexually abused or trafficked by Jeffrey Epstein, or by any person who is connected to or otherwise associated with Jeffrey Epstein or any Jeffrey Epstein sex-trafficking venture, between June 30, 2008 and July 6, 2019, inclusive."

Lawyers in the case are aware of at least 60 women who were victimized by Epstein during the specified dates.

Bank of America has agreed to a $72.5 million settlement in a lawsuit.

The lawsuit alleges that Bank of America facilitated Epstein's sex trafficking operation.

The lawsuit claims Bank of America ignored red flags and failed in compliance and regulatory responsibilities.

Bank of America made "no admission of liability" or "wrongdoing" as part of the settlement.

The lawsuit was filed on behalf of Jane Doe and "all others similarly situated."

Epstein allegedly paid Jane Doe through a Bank of America account and controlled her financially and psychologically.

The lawsuit accused Bank of America of failing to file suspicious activity reports until after Epstein's death in 2019.

The lawsuit highlighted a $170 million payment made by Leon Black to Epstein from a Bank of America account.

WHERE:

New York federal court

Russia (where Jane Doe met Epstein)

WHEN:

[11:48 PM EDT] - CBS News - The lawsuit was filed in October 2025.

Jane Doe met Epstein in 2011.

The lawsuit was filed in October 2025.

Epstein died in August 2019.

A hearing regarding Leon Black's deposition occurred earlier in March 2026.

WHY:

The lawsuit claims that Bank of America knowingly participated in Epstein's sex trafficking venture.

The settlement allows Bank of America to resolve the matter without admitting guilt.

HOW:

The lawsuit alleges that Bank of America failed to file suspicious activity reports, known as SARs, until after Epstein's death in 2019.

The recent Justice Department release of millions of pages of documents from law enforcement probes of Epstein shows he had regular contact with CEOs, journalists, scientists, and prominent politicians long after his 2008 conviction in state court in Florida on sex crimes charges.

This settlement is the fourth settlement by a major bank regarding legal claims by Epstein victims or a government entity alleging they abetted his trafficking while he was a customer.

Bank of America provided banking and investment services to Epstein and his associates.

The lawsuit alleges that Bank of America failed to report suspicious activities related to Epstein's accounts.

(UPDATED March 29, 2026 03:52 UTC)

A major bank has reached a proposed settlement to compensate women who were sexually abused or trafficked by Jeffrey Epstein or those connected to him between June 30thth, 2008, and July 6thth, 2019. Lawyers involved in the case have identified at least 60 women who were victimized during that time frame, and this settlement is the fourth of its kind related to Epstein's trafficking claims. The proposed agreement, which requires court approval that is typically granted, aims to avoid a lengthy trial and follows similar settlements made by JPMorgan and Deutsche Bank in 2023, totaling $75 million.

(UPDATED March 28, 2026 23:02 UTC)

A lawsuit filed in October 20th25 claims that Bank of America knowingly assisted Jeffrey Epstein's sex trafficking operation by providing him and his associates with banking services. It alleges that Epstein coerced a woman identified as Jane Doe into a controlling, cult-like life from 2011 to 2019, holding her immigration status over her head until her escape after his death in August 20th19. Additionally, the lawsuit accuses Bank of America of failing to file suspicious activity reports regarding a $170 million payment made to Epstein from one of its accounts until after his death.

(UPDATED March 28, 2026 19:09 UTC)

Bank of America has announced a resolution in a lawsuit claiming the bank knowingly facilitated Jeffrey Epstein's sex trafficking venture, with a spokesperson stating that this allows them to put the matter behind them while providing closure for the plaintiffs. The lawsuit alleges that Epstein sexually abused Jane Doe on at least 100 occasions and that he used a Bank of America account to pay her rent and income from a fake job, while the bank reportedly failed to file suspicious activity reports until after Epstein's death in 2019. Additionally, a recent release from the Justice Department reveals that Epstein maintained regular contact with influential figures, including CEOs and politicians, long after his 2008 conviction for sex crimes in Florida.

(UPDATED March 28, 2026 11:04 UTC)

A U.S. District Court Judge in Manhattan must approve a settlement designed to compensate all women who were sexually abused or trafficked by Jeffrey Epstein or anyone connected to him between June 30, 2008, and July 6, 2019. Lawyers involved in the case have identified at least 60 women who were victimized during that time frame. This marks the fourth settlement by a major bank addressing legal claims from Epstein's victims or allegations that they facilitated his trafficking while he was a customer.

(UPDATED March 28, 2026 05:23 UTC)

Bank of America has reached a $72.5 million settlement in a lawsuit alleging that the bank facilitated Jeffrey Epstein's sex trafficking operation, with claims that it ignored red flags and failed to meet compliance responsibilities. The lawsuit, filed on behalf of Jane Doe and others similarly situated, asserts that Epstein controlled Jane Doe financially and psychologically through a Bank of America account and that the bank did not file suspicious activity reports until after Epstein's death in 2019. As part of the settlement, Bank of America made no admission of liability or wrongdoing, allowing them to resolve the matter without acknowledging guilt.