Bank of America to pay $72.5 million to settle Epstein lawsuit

Source: New York Post

Bank of America is paying $72. 5 million to settle a federal lawsuit accusing the bank of turning a blind eye to Jeffrey Epstein’s alleged sex-trafficking operations, a dramatic move that critics say is more about avoiding courtroom drama than admitting guilt. The Manhattan federal lawsuit, filed under a pseudonym, alleges Bank of America continued providing accounts and processing transactions for Epstein and his associates despite “obvious red flags,” including massive transfers linked to billionaire Leon Black Plaintiffs claim the bank failed to report suspicious activity that could have helped law enforcement intervene years earlier.