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Bank of America to Pay $72.5M to Epstein Victims in Settlement

Bank of America has agreed to a $72.5 million settlement with victims of Jeffrey Epstein, resolving allegations that the bank facilitated his sex trafficking activities. The settlement, which does not admit wrongdoing, is the fourth involving a major bank and requires court approval. It compensates women abused by Epstein or his associates between June 2008 and July 2019, with at least 60 victims identified. The bank asserts the deal provides closure while maintaining its prior denials. Legal approval from Judge Jed Rakoff is pending, and victim representation firms have been approached for comment.

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Bank of America to Pay $72.5M to Epstein Victims in Settlement

Bank of America has agreed to pay $72.5 million to settle a class action lawsuit alleging it facilitated Jeffrey Epstein's sex trafficking operations. The settlement, which does not admit wrongdoing, requires federal court approval and compensates women abused between 2008 and 2019.

Settlement Overview

  • The $72.5 million agreement resolves claims that Bank of America aided Epstein's trafficking while he was a customer.
  • It marks the fourth settlement by a major bank in related legal actions, following similar deals with other financial institutions.
  • The bank stated it stands by its prior denials but aims to resolve the matter for plaintiff closure.

Eligibility and Victims

  • Compensation applies to all women sexually abused or trafficked by Jeffrey Epstein or his associates from June 30, 2008, to July 6, 2019.
  • Court filings indicate at least 60 identified victims within this timeframe.
  • The settlement covers a defined period, excluding incidents outside these dates.

Legal and Next Steps

  • The agreement must be approved by U.S. District Court Judge Jed Rakoff in Manhattan, a routine step in such settlements.
  • Law firms representing victims, Boies Schiller Flexner and Edwards Henderson, have been contacted for comment but details are pending.
  • This resolution follows a class action lawsuit filed in October 2025, focusing on banking's role in enabling trafficking.
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