Bank Of America Sued Over Links To Jeffrey Epstein

Things don’t look good for Bank of America.

On Wednesday, Bank of America was sued over alleged ties to convicted pedophile Jeffrey Epstein

In the lawsuit which was filed from an anonymous woman, it alleges Bank of America knew about Jeffrey Epstein was sex trafficking women but decided to turn a blind eye for profits.

The Jane Doe behind the lawsuit met Epstein in Russia in 2011 and was allegedly sexually abused and trafficked by him until 2019.

CBS News provided a more in-depth report of the lawsuit against Bank of America:

Bank of America was sued Wednesday over its alleged financial ties with Jeffrey Epstein, with the lawsuit claiming the financial giant facilitated and also benefited from his alleged sex trafficking venture.

The lawsuit, filed in federal court on behalf of a Jane Doe, alleges Epstein committed his crimes “through access to funding and financial support from both individuals and institutions, including Bank of America.” Epstein died in 2019 in jail while awaiting trial on federal sex trafficking and conspiracy charges.

“Egregiously, Bank of America had a plethora of information regarding Epstein’s sex trafficking operation but chose profit over protecting the victims,” the lawsuit alleges.

Bank of America said it has no immediate comment on the lawsuit.

The lawsuit comes after Rep. Jamie Raskin, a Democrat from Maryland and the ranking member of the House Judiciary Committee, opened an investigation into four large banks, including Bank of America, over their business relationship with Epstein. The probe is seeking more information about roughly $1.5 billion in financial transactions handled by the banks on behalf of Epstein.

Jane Doe was living in Russia when she met Epstein in 2011, and was sexually abused and trafficked by him until 2019, the lawsuit alleges. It claims Epstein relied on force, threats, fraud and coercion to control her.

In 2013, Epstein’s accountant instructed her to open a Bank of America account, where money could be wired, purportedly to generate records for U.S. immigration authorities and to cover her rent, according to the lawsuit. The banking transactions should have raised red flags with the bank, the complaint alleges.

“A review of Jane Doe’s account history will show incredibly alarming and erratic banking behavior, as Epstein, through one of his loyal employees, would utilize Jane Doe’s account, often without her knowledge, to conduct business in amounts that were not typical for Jane Doe, and that would have in fact been impossible based on Jane Doe’s income or typical pattern of deposit,” the lawsuit alleges.

Banks are required by law to report suspicious activity in customer accounts to federal authorities in order to flag potential criminal activity, such as money laundering or fraud. The complaint alleges that Bank of America failed to file suspicious activity reports, known as SARs, until after Epstein’s death in 2019.

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Today @SDNYLive Bank of America got sued for "participating in adn financially benefiting from Jeffrey Epstein's widespread and well-publicized sex-trafficking operation." Inner City Press on the case(s). Maximum Maxwell book: https://t.co/CpIlbgDQlr pic.twitter.com/GXknkt4lcX

— Inner City Press (@innercitypress) October 15, 2025

PBS reported JP Morgan was also sued for enabling Jeffrey Epstein’s sex trafficking activities:

JPMorgan Chase agreed Tuesday to pay $75 million to the U.S. Virgin Islands to settle claims that the bank enabled the sex trafficking acts committed by financier Jeffrey Epstein.

JPMorgan said that $55 million of the settlement will go toward local charities and assistance for victims. Another $20 million will go toward legal fees.

The Virgin Islands, where Epstein had an estate, sued JPMorgan last year, saying its investigation has revealed that the financial services giant enabled Epstein’s recruiters to pay victims and was “indispensable to the operation and concealment of the Epstein trafficking enterprise.”

In effect, the Virgin Islands had argued that JPMorgan had been complicit in Epstein’s behavior and did not raise any red flags to law enforcement or bank regulators about Epstein being a “high risk” customer and making repeated large cash withdrawals.

The settlement averts a trial that had been set to start next month.

The bank also said it reached an confidential legal settlement with James “Jes” Staley, the former top JPMorgan executive who managed the Epstein account before leaving the the bank. JPMorgan sued Staley earlier this year, alleging that he covered up or minimized Epstein’s wrongdoing in order to maintain the lucrative account.

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JPMorgan had already agreed to pay $290 million in June in a class-action lawsuit that involved victims of Epstein’s trafficking crimes.