Epstein victims get $72.5M from Bank of America settlement

Bank of America has agreed to pay victims of notorious sex offender Jeffrey Epstein $72.5 million to settle a class action lawsuit alleging that the bank facilitated his sex trafficking operation, a New York federal court filing showed Friday evening.

The settlement, in which BoA did not admit wrongdoing, is the fourth settlement by a major bank of legal claims by Epstein victims or a government entity alleging they effectively abetted his trafficking while he was a customer. The settlement with BoA must be approved by U.S. District Court in Manhattan Judge Jed Rakoff; such approval is typically granted.

The settlement would pay “all women who were sexually abused or trafficked by Jeffrey Epstein, or by any person who is connected to or otherwise associated with Jeffrey Epstein or any Jeffrey Epstein sex-trafficking venture, between June 30, 2008 and July 6, 2019, inclusive,” according to the filing.

Lawyers in the case are “aware that there are at least 60 women who were victimized by Epstein between” those dates, the filing said.

A Bank of America spokesman, in a statement, said, “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.”

CNBC has requested comment from the two law firms that represented the victims in the suit filed in October 2025, Boies Schiller Flexner and Edwards Henderson.

Deutsche Bank, however, at the time of its settlement, said, “We acknowledge our error onboarding Epstein in 2013, and the weaknesses in our processes, and have learnt from our mistakes and our shortcomings.”

Those three prior lawsuits, like the current one against BoA, were filed in Manhattan federal court.

The lead plaintiff in the Bank of America case, who filed under the pseudonym Jane Doe, is a native of Russia who met Epstein in 2011.

The complaint against BoA said that from that year, through 2019, “Epstein sexually abused Jane Doe on at least 100 occasions, including but not limited to, forcibly touching her, forcibly raping her, and forcing her to engage in sexual acts with other women for his own depraved sexual gratification.”

The suit says that in May 2013, Jane Doe opened a bank account at Bank of America at the direction of Epstein’s accountant, Richard Kahn and an immigration attorney as part of a plan to defraud immigration officials.

The lawsuit said a “recent investigation into Epstein’s crimes has revealed that billionaire Wall Street financier Leon Black paid Epstein including $170 million for purported ‘tax and estate planning advice’ from his Bank of America account.”

Black in 2023 agreed to pay the U.S. Virgin Islands $62.5 million, and in return, that…