Bank of America(US:BAC) New York Postยท2025-10-15 20:36Core Viewpoint - A woman, referred to as Jane Doe, is suing Bank of America and Bank of New York Mellon for their alleged connections to Jeffrey Epstein, claiming the banks failed to report suspicious activities related to Epstein until after his death in 2019 [1][4][8]. Group 1: Allegations Against Banks - The lawsuits allege that Epstein could not have operated his trafficking scheme without the support of banks like Bank of America and BNY Mellon [2][9]. - The complaint details that Epstein sexually abused Jane Doe on at least 100 occasions from 2011 to 2019, including acts of forced sexual violence [4][24]. - The lawsuit claims that Jane Doe opened a Bank of America account in 2013 at Epstein's accountant's instruction, with about $14,000 transferred into it [7][8]. Group 2: Financial Transactions and Reporting - The lawsuit seeks unspecified financial damages and highlights that Epstein's operations involved significant financial transactions, including $378 million processed by BNY Mellon for women trafficked by Epstein [12][15]. - Bank of America filed reports in 2020 regarding $158 million in transactions between Epstein and billionaire investor Leon Black, indicating a history of suspicious financial activities [19][20]. - Senate investigators have demanded explanations from banks on how they managed transactions related to Epstein, emphasizing the need for accountability in financial institutions [25][26]. Group 3: Legal Context and Previous Cases - The lawsuits reference the federal Trafficking Victims Protection Act, allowing victims to sue those who knowingly benefit from sex trafficking [13]. - Previous lawsuits against banks like JPMorgan and Deutsche Bank resulted in settlements, with JPMorgan paying $290 million and Deutsche Bank $75 million to Epstein's victims [15][20]. - The House Judiciary Committee is considering sending subpoenas to banks due to delays in reporting large transfers associated with Epstein [21][25].