(Washington) Bank of America has agreed to pay $72.5 million to close a collective civil proceeding in which the establishment was accused of having facilitated “sex trafficking” of criminal Jeffrey Epstein, according to court documents consulted Friday by AFP.
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When contacted, the bank denied any breach and explained via a spokesperson that it wanted to “turn the page” on this affair.
The agreement reached between the parties must still be validated by a judge in New York.
The plaintiffs, presented as victims of the late financier, accused the American establishment of having “knowingly and intentionally participated in Jeffrey Epstein’s sex trafficking business” by providing him with banking services despite “red flags”.
In the text of the agreement, Bank of America recalls disputing all the allegations against it.
The bank notably denies “having participated in any way in Jeffrey Epstein’s sex trafficking enterprise.”
Jeffrey Epstein was arrested and charged in July 2019 with sexual exploitation of minors and criminal conspiracy. He was found hanging in his cell on August 10, 2019, while awaiting trial. The autopsy ruled it suicide.
The US Department of Justice has posted more than three million files online related to the investigation into the fallen financier, showing the extent of his ties to high-profile figures.
