Federal judge approves Bank of America's $72 million settlement with alleged Epstein victims

A federal judge on Thursday approved Bank of America's $72.5 million settlement with Jeffrey Epstein's victims, after they accused the bank of ignoring suspicious transactions from the late-financier.

The women sued the bank collectively under the pseudonym Jane Doe in order to remain anonymous and the bank agreed to settle the case in March, though it maintained that it did not facilitate Epstein's sex trafficking crimes.

"The settlement class has been properly served," U.S. District Court Judge Jed Rakof said.

Doe's lawyers reached ​settlements of $290 million with JPMorgan Chase and $75 million with ​Deutsche Bank ⁠in 2023 on behalf of Epstein's accusers.

The bank previously attempted to dismiss the case, claiming there was no reason to believe the transactions were suspicious because the actions were routine and the recipients had no known connection to Epstein's sex-trafficking operations.

Bank of America said it denies the claims in the case, but the settlement allows the victims and the bank to move forward. 

“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," a Bank of America spokesperson told ABC News.

Misty Severi is a news reporter for Just The News. You can follow her on X for more coverage.