Epstein Abuse Victims to Receive Rp1.1 Trillion from Bank of America
Bank of America has agreed to pay US72.5million, orapproximatelyRp1.1trillion(assuminganexchangerateofRp15, 500/US), to Jeffrey Epstein’s abuse victims to settle a class-action lawsuit in a New York federal court. The lawsuit accused Bank of America of facilitating Epstein’s sex trafficking operation.
A CNBC International report states that this payment agreement is the fourth settlement by a major bank regarding legal claims from victims accusing them of aiding Epstein’s human trafficking while he was a client.
However, the payment to the victims still requires approval from US District Court Judge Jed Rakoff in Manhattan, who typically approves similar cases.
The settlement will pay “all women who were sexually abused or trafficked by Jeffrey Epstein, or by anyone connected or associated with Jeffrey Epstein or Jeffrey Epstein’s sex trafficking venture, from 30 June 2008 to 6 July 2019,” according to the filing.
Previously, in 2023, JPMorgan Chase agreed to pay US$290 million to the victims, plus an additional US$75 million to the US Virgin Islands government. In the same year, Deutsche Bank also paid US$75 million to victims.
Court documents state that the compensation will be given to “all women who experienced sexual abuse or were trafficked by Jeffrey Epstein, or by anyone associated or connected to him, between 30 June 2008 and 6 July 2019.”
Lawyers in the case stated that they are aware of at least 60 women who were Epstein’s victims during that period.
A Bank of America spokesperson said in a statement, “We stand by our previous statements in this case, including that Bank of America did not facilitate sex trafficking crimes. However, this settlement allows us to close this matter and provide certainty to the plaintiffs.”
The lawsuit was filed in October 2025 by the law firms Boies Schiller Flexner and Edwards Henderson. CNBC has requested responses from both firms.
The case is led by a lead plaintiff under the pseudonym Jane Doe, a Russian woman who met Epstein in 2011.
The lawsuit states that from then until 2019, Epstein sexually abused her at least 100 times, including forced sexual relations and exploitation with other women for Epstein’s personal gratification.
The documents also reveal that in May 2013, Jane Doe opened an account at Bank of America on the instructions of Epstein’s accountant, Richard Kahn, and an immigration lawyer, as part of a scheme to defraud immigration authorities.
The lawsuit also mentions that a recent investigation found Wall Street billionaire Leon Black paid Epstein up to US$170 million for tax consulting and estate planning services through a Bank of America account. Black paid US$62.5 million to the US Virgin Islands government in 2023 and was released from potential legal actions related to Epstein.
Court documents state that the core of the lawsuit is the accusation that Bank of America helped Epstein avoid regulatory oversight and provided withdrawal and fund transfer services, allowing the bank to profit from the relationship.
“The lead plaintiff also believes that this assistance prevented authorities from discovering Epstein’s illegal scheme and expanded his reach and control over victims, causing greater harm to class members,” the documents state.
However, the bank’s side reaffirmed that they deny all allegations. “The bank firmly denies that they participated in, aided, supported, or facilitated Epstein’s sex trafficking network in any way, or engaged in obstruction of justice,” the statement reads.
Epstein himself died in August 2019 in a federal prison in Manhattan, several weeks after being arrested on child sex trafficking charges. He was ruled to have committed suicide. Previously, in 2008, Epstein pleaded guilty to a prostitution case involving minors in Florida and served 13 months in prison.