Bank of America has agreed to pay victims of notorious sex offender Jeffrey Epstein $72.5 million to settle a class action lawsuit alleging that the bank facilitated his sex trafficking operation, a New York federal court filing showed Friday evening.
The settlement, in which BoA did not admit wrongdoing, is the fourth settlement by a major bank of legal claims by Epstein victims or a government e...
This settlement further implicates Bank of America in the wide-ranging scandal surrounding Jeffrey Epstein's sex trafficking operation. The fact that this is the fourth such settlement by a major bank raises questions about the banking industry's complicity in these crimes and their willingness to profit from relationships with high-profile, yet questionable clients. Furthermore, the continued denial of wrongdoing by the banks involved highlights the need for increased regulation and transparenc...
