Bank of America Settles Epstein Case for $72.5M

0:00Bank of America just aimed to $72.5 million settlement with women victimized by Jeffrey Epstein's sex trafficking ring. The deal covers a class action lawsuit filed in federal court in Manhattan on March 27, accusing the bank of overlooking red flags in. Epstein's accounts, it's pending approval from Judge Jed Rackoff at a hearing on April 2. The suit claimed the bank kept providing financial services to Epstein and his crew from 2008 through Epstein's death in 2019, without filing mandatory suspicious activity reports. One key plaintiff described years of abuse funded through a Bank of America account while another angle spotlighted massive payments from billionaire, Leon Black that should have raised alarms. Victims lawyers hailed it as a step toward justice while the bank insists in never-aided trafficking and just wants closure. This follows similar payouts. JP Morgan Chase dropped $290 million, Deutsche Bank 75 million non-admitting fault, all, settling

1:03to move on. The fund targets at least 60 women abused or trafficked by Epstein between June 30, 2008 and July 6, 2019. Attorneys could take up to 30% in fees with the rest going to survivors after court sign off. Bank of America, this tiny hit, barely 3 days of their latest quarterly profits, lives the last big Epstein cloud from their books, Signaling, Wall Street's quiet accountability without the trial drama. I'm Corey with the story. That's your Derm News Today update, AI powered and always on.