00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Bank of America agreed to pay $72.5 million to settle a lawsuit from survivors of Jeffrey
00:08Epstein's sex trafficking operation, who alleged the bank enabled and profited from his crimes,
00:14according to NBC News. The lawsuit claimed the bank provided services to Epstein and accounts
00:19linked to victims and associates, including Ghislaine Maxwell and Leon Black.
00:24U.S. District Judge Jed Rakoff will hold a hearing in April to decide whether to approve
00:29the settlement. The agreement does not include an admission of liability by B of A.
00:33The settlement covers women abused or trafficked between June 30, 2008 and July 6, 2019.
00:41Plaintiffs allege the bank failed to monitor accounts and report suspicious transactions,
00:45including $170 million in transfers from Black. For all things money, visit Benzinga.com.
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