Bank of America Settles Epstein Victims' Claims for $72.5 Million

Published on · Source: cnbc.com

Bank of America Settles Epstein Victims' Claims for $72.5 Million

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Summarized by AI from the source below

Bank of America has reached a $72.5 million settlement with victims of Jeffrey Epstein, as detailed in a court filing. This settlement is the fourth involving major banks concerning Epstein's trafficking allegations. Bank of America did not admit wrongdoing but stated that the resolution allows for closure for those affected. The settlement encompasses payments to women who were abused or trafficked by Epstein between June 30, 2008, and July 6, 2019. The agreement is pending approval by a judge in U.S. District Court in Manhattan.

Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.

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