Bank of America Nears Settlement in Epstein-Linked Financial Case

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Source: PBS
Bank of America Nears Settlement in Epstein-Linked Financial Case
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TL;DR

Bank of America is reportedly close to a settlement in a federal lawsuit accusing the bank of ignoring red flags in Epstein-related transactions, including $170 million moved by Leon Black for Epstein’s purported tax and estate planning. Black is described as a key witness; his deposition was postponed as settlement talks continued. The suit, brought on behalf of a woman identified as Jane Doe and others, alleges the bank helped Epstein set up a financial structure to enable sex trafficking. Epstein died in 2019, and terms of the settlement have not been disclosed.

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