Jed S. Rakoff

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Banks that served Epstein have now paid over half a billion dollars to trafficking survivors

Granted preliminary approval to Bank of America settlement (April 3, 2026); final hearing August 27

Bank of America agreed to pay $72.5 million to settle a lawsuit alleging it ignored red flags in Epstein's banking, including over $170 million in Leon Black payments not reported as suspicious until his 2019 death. On April 3, U.S. District Judge Jed Rakoff approved the settlement, following $290 million JPMorgan Chase and $75 million Deutsche Bank settlements in 2023.

Updated May 30