{"id":549969,"date":"2026-03-28T07:09:13","date_gmt":"2026-03-28T07:09:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/549969\/"},"modified":"2026-03-28T07:09:13","modified_gmt":"2026-03-28T07:09:13","slug":"bank-of-america-to-pay-us72-5-million-to-settle-epstein-sex-trafficking-lawsuit","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/549969\/","title":{"rendered":"Bank of America to pay US$72.5 million to settle Epstein sex-trafficking lawsuit"},"content":{"rendered":"

Bank of America has agreed to pay US$72.5 million to settle a class-action lawsuit alleging that the bank facilitated a sex-trafficking ring orchestrated by Jeffrey Epstein, court documents showed on Friday.<\/p>\n

Bank of America said separately that while it continued to deny supporting Epstein\u2019s crimes, \u201cthis resolution allows us to put this matter behind us and provides further closure for the plaintiffs\u201d.<\/p>\n

The suit, filed by an unidentified woman on behalf of herself and other alleged victims, claimed the bank\u2019s executives \u201cignored red flags\u201d about Epstein\u2019s sex-trafficking venture to provide him with banking and investment services.<\/p>\n

The settlement, if approved in court, would avoid a potentially lengthy trial process and was deemed to be in the \u201cbest interests\u201d of the plaintiffs.<\/p>\n

It was the latest bank to settle lawsuits from Epstein\u2019s alleged victims, after a US$75 million agreement by JP Morgan and a reported US$75 million payment by Deutsche Bank, both in 2023.<\/p>\n

\"JeffreyJeffrey Epstein in March 2017. Photo: New York State Sex Offender Registry via AP<\/p>\n

Epstein, a billionaire hedge fund manager with a bevy of powerful and celebrity friends, was charged with sex trafficking of minors after being arrested in July 2019.<\/p>\n","protected":false},"excerpt":{"rendered":"Bank of America has agreed to pay US$72.5 million to settle a class-action lawsuit alleging that the bank…\n","protected":false},"author":2,"featured_media":549970,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[23,14736,81620,16848,104819,16675,4227,244859,3,49001,244858,244860,21,19,22,20,25,24],"class_list":["post-549969","post","type-post","status-publish","format-standard","has-post-thumbnail","category-united-states","tag-america","tag-bank-of-america","tag-deutsche-bank","tag-epstein","tag-jp-morgan","tag-justice-department","tag-manhattan","tag-metropolitan-correctional-center","tag-news","tag-sex-trafficking","tag-sex-trafficking-ring","tag-sex-trafficking-venture","tag-united-states","tag-united-states-of-america","tag-unitedstates","tag-unitedstatesofamerica","tag-us","tag-usa"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/549969","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=549969"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/549969\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/549970"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=549969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=549969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=549969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}