U.S. Judge Allows Jeffrey Epstein Sex Trafficking Lawsuit Against Bank of America to Proceed - EconoTimes
A judge ruled a lawsuit accusing Bank of America of aiding Jeffrey Epstein’s sex trafficking can proceed, citing ignored warning signs.Summary
U.S. District Judge Jed Rakoff has allowed a class action lawsuit against Bank of America to move forward, alleging the bank knowingly facilitated Jeffrey Epstein’s sex trafficking. The judge determined that the plaintiff, identified as Jane Doe, presented a plausible case that Bank of America benefited from Epstein’s crimes and obstructed the enforcement of the Trafficking Victims Protection Act. The lawsuit claims the bank provided specialized banking services, including “premier” status and large financial transfers, despite clear indications of Epstein’s illegal activities.
The court highlighted that Bank of America allegedly ignored media coverage of Epstein’s misconduct and failed to investigate suspicious money transfers linked to a young woman financially dependent on Epstein. A former banker’s alleged knowledge of Epstein’s activities also contributes to the potential civil liability of Bank of America.
While some claims were dismissed, a trial is scheduled for May 11. This ruling follows similar settlements with JPMorgan Chase ($290 million) and Deutsche Bank ($75 million) regarding Epstein-related claims, though neither bank admitted wrongdoing. Epstein died in jail in 2019 while awaiting trial on sex trafficking charges.
(Source：Econotimes)