TheBadPlaceyahoo news | Bank to pay $72.5 million in Epstein settlement as attorney says bankers “looked...
A federal judge has given preliminary approval to a $72.5 million settlement between Bank of America and women who say they were abused by Jeffrey Epstein. The victims’ lawsuit alleges that the bank let Epstein move millions of dollars through its accounts while turning a blind eye to the red‑flag warnings that surfaced during the years he was operating his sex‑trafficking network. The settlement, which was announced in early April 2026, represents one of the largest payouts tied to Epstein’s financial activities.
Attorney Spencer Kuvin, representing the victims, said that internal emails discovered during litigation show bankers repeatedly raised concerns that were dismissed or brushed aside with comments like “don’t worry about it.” According to the attorney, the funds funneled through Bank of America were used to pay victims, book travel, and finance Epstein’s flights, parties, and other transactions that sustained his trafficking operation. Under federal law, companies can be held liable if they benefit from a trafficking scheme, and other institutions such as JPMorgan Chase and Deutsche Bank have already settled similar Epstein‑related claims.
Bank of America maintains that it did not knowingly facilitate Epstein’s crimes and denies any wrongdoing. The settlement does not constitute an admission of guilt, but the case is expected to continue drawing scrutiny. A congressional “shadow” hearing on the matter is slated for next month in Palm Beach County, where officials will examine how the financial services were misused and who may have helped enable the abuse. Kuvin has been asked to testify and plans to present a full account of the bank’s alleged failures.
#bankofamerica #jeffreyepstein #federaljudge #victims #attorney
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