Bank of America Reaches $72.5 Million Settlement with Epstein Victims
Bank of America has agreed to a $72.5 million settlement with victims of Jeffrey Epstein, addressing allegations that the bank ignored suspicious transactions linked to his sex-trafficking operations.
Bank of America has agreed to a $72.5 million settlement to resolve a lawsuit filed by victims of Jeffrey Epstein, who alleged the bank ignored suspicious financial transactions linked to his sex-trafficking activities. The lawsuit, initiated in October 2025 by a woman identified as Jane Doe, claimed that the bank provided services to Epstein despite numerous red flags.
U.S. District Judge Jed Rakoff granted preliminary approval to the settlement and scheduled a final approval hearing for August 27, 2026. He emphasized the importance of notifying all potential victims and requested a broader list of publications for outreach.
Attorney David Boies, representing the plaintiffs, estimated that 60 to 75 women might be eligible to participate in the settlement.
Bank of America, while denying any wrongdoing, stated that the settlement allows the bank to move forward and provides closure for the plaintiffs.
This settlement follows similar agreements by other financial institutions. In 2023, JPMorgan Chase and Deutsche Bank settled with Epstein's victims for $290 million and $75 million, respectively.
Jeffrey Epstein died by suicide in 2019 while awaiting trial on sex-trafficking charges.
