Bank of America Reaches $72.5 Million Settlement with Epstein Victims
Bank of America has agreed to a $72.5 million settlement with victims of Jeffrey Epstein, becoming the third major bank to settle over allegations of facilitating Epstein's crimes. Lawyers estimate that up to 75 women may be eligible for compensation. The settlement follows a class action lawsuit filed by a woman under the pseudonym Jane Doe, who accused the bank of ignoring suspicious transactions related to Epstein's sex-trafficking operations. U.S. District Judge Jed Rakoff has called for a comprehensive notification process to ensure all potential claimants are informed.