"Lawyers have estimated that as many as 75 women may have a stake in the $72.5m settlement reached with Bank of America over accusations related to convicted sex offender Jeffrey Epstein."
"The lawsuit further alleged that Bank of America knowingly benefitted from its relationship with Epstein and obstructed enforcement of the Trafficking Victims Protection Act, a federal law designed to prosecute sex trafficking."
"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."
Bank of America reached a $72.5 million settlement regarding allegations of facilitating Jeffrey Epstein's sex crimes, affecting approximately 75 women. U.S. District Judge Jed Rakoff emphasized the importance of notifying all potential victims, who may number in the hundreds. The lawsuit, initiated by a woman using the pseudonym Jane Doe, claimed that Bank of America ignored suspicious transactions linked to Epstein's operations and benefitted from their relationship. The bank maintains it did not participate in Epstein's crimes, and a final approval hearing is set for August 27.
Read at www.aljazeera.com
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