Bank of America has agreed to a $72.5 million settlement to resolve a class-action lawsuit alleging the institution facilitated Jeffrey Epstein’s sex trafficking operation. The deal, filed in a New York federal court on Friday, March 27, 2026, marks the third major banking settlement related to Epstein’s financial network, following previous payouts by JPMorgan Chase ($290 million) and Deutsche Bank ($75 million). Despite the agreement, Bank of America maintains that it committed no wrongdoing and made no admission of liability, stating the resolution allows the bank to “put this matter behind us.”
Bank of America agrees to pay $72.5 million to settle Epstein survivors suit https://t.co/YcQDWTmI6x
— NBC DFW (@NBCDFW) March 29, 2026
The lawsuit was initiated by a Florida woman, identified as “Jane Doe,” who alleged she was abused by Epstein on at least 100 occasions between 2011 and 2019. The complaint argued that the bank ignored “alarming and erratic” banking behavior in accounts controlled by Epstein’s team, prioritizing profit over the protection of victims. Court documents also highlighted over $150 million in payments made to Epstein by billionaire Leon Black via Bank of America accounts for “tax and estate planning advice.” While the bank previously called the claims “meritless,” the settlement now awaits final approval from a federal judge.
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