Summary
Bank of America has agreed to pay $72.5 million to settle a lawsuit brought by victims of Jeffrey Epstein, who accused the bank of allowing his illegal activities to occur. The bank denies any wrongdoing, but the settlement awaits a judge's approval. This settlement follows similar agreements by other major banks.
Key Facts
- Bank of America will pay $72.5 million to settle the lawsuit.
- The lawsuit claims the bank helped Epstein's illegal activities.
- Bank of America denies responsibility or wrongdoing.
- The agreement awaits approval from a judge.
- This is the third major bank settlement related to Epstein, following JP Morgan Chase and Deutsche Bank.
- Jeffrey Epstein died by suicide in jail in August 2019.
- The lawsuit was filed by a woman who says Epstein abused her multiple times.
- Billionaire Leon Black, accused of paying Epstein for advice, denies any misconduct.
