Jeffrey Epstein: Bank of America sued over alleged ties to convicted sex trafficker
A woman who says she was abused by the late financier and sex offender Jeffrey Epstein sued Bank of America, alleging the bank knowingly provided financial services that enabled his sex trafficking operation for years.
Bank of America declined to comment.
The lawsuit, filed in federal court on behalf of a Jane Doe, alleges Epstein committed his crimes “through access to funding and financial support from both individuals and institutions, including Bank of America.”
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By continuing you agree to our Terms and Privacy Policy.“Egregiously, Bank of America had a plethora of information regarding Epstein’s sex trafficking operation but chose profit over protecting the victims,” the lawsuit alleges.
The woman is seeking an unspecified amount of damages.
She is represented by law firms Boies Schiller and Edwards Henderson, who previously secured settlements of $US75 million and $US290 million with Deutsche Bank and JPMorgan, respectively, over their alleged financial ties to Epstein.
Epstein died by suicide in 2019 in jail while awaiting trial on sex trafficking charges.
The circumstances of his death, as well as his social relationships with wealthy and powerful individuals, fuelled theories that others were involved in his crimes.
His case has become a political headache for President Donald Trump’s administration. After pledging during the 2024 campaign to release files from the Justice Department’s investigation into Epstein, the administration reversed course this year, prompting an outcry from Trump’s conservative base and congressional Republicans.
Bank of America, headquartered in North Carolina, is not the only large bank to face litigation over financial services provided to Epstein.
A year after Epstein’s death, Deutsche Bank reached a $US150 million settlement with New York regulators for failing to adequately scrutinise his accounts for the kinds of activity that were markedly implicated by Epstein’s publicised past.
Three years later, Deutsche Bank also agreed to pay $US75 million to settle a lawsuit claiming the German lender should have seen evidence of sex trafficking by Epstein when he was a client.
JPMorgan Chase similarly reached an agreement to pay $US75 million to the US Virgin Islands to resolve a federal suit over Epstein’s underage sex trafficking, in addition to its own $US290 million settlement with victims.
with DPA and EFE
