Judge Approves BofA’s $72.5 M Deal With Epstein Victims

A federal judge in New York approved Bank of America Corp’s $72.5 million settlement with Jeffrey Epstein victims who claimed the bank aided in the late financier’s sex-trafficking. 

At a hearing Thursday, US District Judge Jed Rakoff called the agreement “fair, reasonable and adequate,” clearing the way for lawyers to begin distributing money to about 90 women who were sexually abused or trafficked by Epstein and the people around him.

Bank of America disclosed the proposed deal in March, resolving a



lawsuit filed the previous October. The women accused the bank of actively concealing “details and evidence concerning its assisting and facilitating Epstein’s sex trafficking.” 

Bank of America admitted no wrongdoing as part of the settlement. “While we stand by our prior statements made in the filings in this case, including that Bank of America did not facilitate sex trafficking crimes, this resolution allows us to put this matter behind us and provides further closure for the plaintiffs,” the bank said in a statement Thursday.