Bank of America has agreed to pay $72.5 million to settle a civil lawsuit brought by women who accused the bank of enabling sexual abuse and sex trafficking linked to convicted pedophile Jeffrey Epstein. The settlement was disclosed in court filings on Friday and still requires approval from a federal judge.
The lawsuit was filed in October in the United States District Court in Manhattan by a plaintiff using the pseudonym Jane Doe on behalf of herself and others who allege they were abused by Epstein. They claimed that the bank ignored suspicious financial transactions tied to Epstein and continued to provide services that helped support his criminal activities.
