Bank of America has agreed to pay $72.5 million to settle a lawsuit brought by victims of Jeffrey Epstein, who accused the bank of enabling his sex trafficking operations. The class-action lawsuit, filed in October 2025 in Manhattan federal court, alleges that the bank knowingly provided financial services to Epstein and failed to report suspicious activity until after his death in August 2019, according to TheStreet and Raw Story.
The settlement covers victims who were abused or trafficked between June 2008 and July 2019, spanning more than a decade of Epstein’s criminal activity. The bank, which is the second-largest in the United States, faced accusations that it ignored warning signs and profited from its financial relationship with Epstein and his associates, as reported by El Financiero and Aristegui Noticias.
Bank of America’s agreement follows similar settlements by other financial institutions such as JPMorgan Chase and Deutsche Bank, which also faced lawsuits for their financial ties to Epstein’s network. The current settlement does not include an admission of liability by the bank, per Raw Story and DW News.
Court approval of the $72.5 million settlement is pending, with a hearing scheduled for April 2 in Manhattan federal court. Legal observers will be watching to see if the settlement is finalized and how it might influence ongoing civil litigation involving Epstein’s network and related financial institutions, as highlighted by TheStreet and The Straits Times.
Bank of America
Jeffrey Epstein
Anthony Black
Deutsche Bank
Ghislaine Maxwell
JPMorgan Chase
