Bank of America Settles Epstein Case

0:00Bank of America just agreed to a $72.5 million settlement with victims of Jeffrey Epstein. They accused the bank of overlooking clear red flags that helped his sex trafficking operation run smoothly. The main lawsuit came from a woman known as Jane Doe and others like her, claiming the bank profited by ignoring shady transactions. This altized back to payments Epstein made through Bank of America accounts, like rent and fake job income, to control Jane Doe from Russia between 2011 and 2019. A big one was $170 million from billionaire Leon Black for supposed tax advice. The settlement dropped the same day Black was set for a deposition. Victims say the bank did way more than normal business, helping build the financial setup for Epstein's crimes. Their lawyers called it the best move now, since many need cash after years of harm. Bank of America denies any role in trafficking, saying they just offered standard services to folks not flagged as Epstein links back then.

1:01Meanwhile, this isn't the first bank to settle. JP Morgan Chase paid $290 million last year, and Dorcha Bank handed over $75 million. Epstein's story goes way back with his 2008 plea deal after abusing underage girls and he died in jail in 2019 facing federal charges. The deal gives victims some relief and lets the bank move on, but its spotlights how big players handled Epstein's network for years. Stay tuned as more detail surface. This has been Dallas News Today, Power by AI. I'm Corey with the story.