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Bank of America Moves to Settle Epstein Victims Lawsuit · The Epstein Chronicles

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  Speaker 1: What's up, everyone, and welcome to another episode of the
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  Epstein Chronicles. A couple of days ago, we were talking
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  a little bit about Leon Black and how he was
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  supposed to be deposed as part of the Bank of
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  America lawsuit filed by the Epstein survivors. Well as predicted,
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  Bank of America has entered into a settlement with the
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  Epstein survivors, So that also means that Leon Black obviously
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  is not going to be deposed, and honestly, I doubt
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  that we're ever gonna get Leon Black under oath. Talking
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  about Jeffrey Epstein, you know that Congress isn't going to
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  do it. And anytime there's a lawsuit that pops up
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  that has to do with Leon Black, he always finds
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  an exit because he has a big bank account. I mean,
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  he paid sixty two million down in the USVII to
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  get out of that trouble. He also paid guselle Ganieva
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  a king's ransom during their dispute. So it's not like
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  Leon Black is against spending a bunch of money to
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  try and get out from underneath the shadow of Jeffrey Epstein.
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  The problem for Leon Black, though, is there's no escape.
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  Maybe with legacy media, maybe with people that want this
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  to go away, But when it comes to people who
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  know the story, who know the people that were truly
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  involved and breaking news, it's not Ted Waite. Why Congress
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  is wasting their time opposing Ted Waite, I'll never understand,
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  especially considering they've never even spoken to Leon Black. Have
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  you guys brought in Adriana Ross or Leslie Groff? But sure,
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  let's talk to Ted Waite. But considering the way that
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  the Congressional Committee has conducted itself, is anybody surprised that
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  they're trying to waste time and bring in Ted Waite
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  instead of somebody of consequence. How about you guys talk
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  to Nicholas tartag leone put him under oath, Or how
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  about the OIG investigators that investigated what happened in that
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  jail cell. Why don't you guys talk about the NPA. Well,
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  the reason is they're not trying to get to the
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  bottom of what happened. They're trying to placate you. They
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  want you to focus on other things, certainly not this.
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  And as far as Bank of America is concerned, the
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  last thing they want to do is have some drawn
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  out lawsuit where they end up just settling like JP
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  Morgan anyway, So they took a look at the allegations,
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  they took a look at the paperwork, and they were like,
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  you know what, why don't we just settle here? And honestly,
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  that's in their best interest because if this got to discovery,
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  if it got to a point where those depositions started
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  coming in, it could have got real bad for Bank
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  of America real quick. And I think Bank of America
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  saw the writing on the wall, considering the lawsuits that
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  have been filed previously against the financial sector and settled
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  for a gigantic amount of money. So Bank of America
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  was very aware of that, and when they went into this,
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  that was probably the goal, right see what they had
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  get the initial you know, back and forth discovery process going,
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  and once they saw the evidence or the proposed evidence,
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  they decided that it's in their best interest just to
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  cut their losses here and settle up. And if I
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  was an investor at Bank of America, I'd be happy
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  about that. This article was published by ABC News and
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  the headline Bank of America reaches proposed non binding settlement
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  in pseuit alledging it aided Jeffrey Epstein's crimes. This article
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  was authored by Peter Charlembeau and James Hill. Bank of
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  America has reached a proposed, non binding settlement in a
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  lawsuit that alleged that the bank helped facilitate Jeffrey Epstein's
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  trafficking operation. According to court records, the proposed class action compliant,
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  filed in October of twenty twenty five, alleged that Bank
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  of America knowingly provided the financial support and the veneer
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  of institutional legitimacy to Abstein and ignored suspicious transactions by
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  the late disgraced financier. And look, there's a paper trail
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  for all of that, and that's why you see the
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  bank so willing to settle. Don't think for a minute
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  that Bank of America doesn't have the best lawyers, that
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  they don't have a legal team filled with high priced
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  lawyers and hotshots. And if they could have found any
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  way out of the settlement, right, anyway out of the suit,
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  that's what they would have done. A notice on the
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  case docket said the lawyers for the bank and the
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  victims reached a settlement and principle, the terms of the
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  settlement were not immediately disclosed and would need to be
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  approved by a federal judge. US District Judge Jed Raykoff
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  had previously scheduled the case to go to trial on
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  May eleventh. Well, being a bit familiar with Judge Rakoff,
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  my guess is he's going to approve this and let
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  it go through. I think it's in the best interest
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  of the court obviously, if he can have both parties
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  come to the table and find a middle ground, that's
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  obviously the goal. So I think Judge Rakoff is going
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  to okay this deal, and we should see this settlement
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  kept moving relatively quickly. A court hearing to consider the
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  settlement proposal is scheduled for April second in federal court
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  in New York, according to the docket. Bank of America
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  declined to comment on the proposed settlement. To ABC News,
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  an attorney for the victims called the proposed settlement one
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  more step on the road to much deserve justice. Well, look,
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  I agree, right, there's no doubt that there's really no
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  other avenue for the abused and the aggrieved to get
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  compensation here. Nobody's going to go to prison, so all
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  that's left is making it a financial burden on these people,
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  and I know that's not what any of us want,
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  but unfortunately that's the way the system set up. If
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  you're rich enough, you can buy your way out of
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  just about anything. The women entrapped and abused by Jeffrey
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  Epstein and Glenn Maxwell started a monumental reckoning with their
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  brave voices and fearlessness. The road to justice for these
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  women has been long and trying, Attorney Cigarett McCauley said
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  in a statement, and I look back to where this
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  started seven years ago and where it is today, and
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  I'm kind of blown away. Honestly. The amount of progress
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  that's been made as far as making people aware of
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  what's going on is monumental. Now, of course we all
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  want those arrests, we all want justice, but I think
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  one of the first steps toward that occurring is more
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  people being aware of what went on and more people
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  understanding that this most certainly is not some conspiracy theory.
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  Though the terms of the settlement are known, a proposed
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  resolution of the case would likely scuttle an upcoming deposition
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  of Apollo Global Management co founder Leon Black, who was
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  scheduled to sit for questioning on March twenty six. Black
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  resigned from his role at Apollo in twenty twenty one
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  after an inquiry into his relationship with Epstein, which found
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  that Black paid Epstein one hundred and fifty eight million
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  dollars for tax and a state planning advice. And I
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  remember when the push was on to get Leon Black out.
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  That was a concerted effort by a lot of people.
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  And the same goes for Glenn Dubin, the same goes
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  for Les Wexner, and also the beginning of the end
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  for Prince Andrew. All of them were sacked due to
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  their nonsense with Epstein during the initial investigation, after Epstein
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  was arrested and certainly after he died. So the people
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  that you see stepping down now due to their ties
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  to Epstein is just a continuation from what was going
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  on back in twenty nineteen all the way through twenty
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  twenty two or so. And when Leon Black was first
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  called on the carpet, it was a battle, right, he
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  wasn't going to go down without a fight. But again
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  the evidence is abundant, and Leon Black at Apollo, they
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  understood that Leon Black had to step down. Now, does
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  that mean that Leon Black had nothing to do with
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  the company that he wasn't still you know, in the shadows,
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  of course not. But to act like Leon Black, as
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  somebody knew in this story is absolutely insane. This man
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  has been in the center of what Epstein was up
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  to for a long ass time, and whether you believe
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  the trafficking allegations or not, I have a hard time
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  believing anybody thinks that Leon Black was giving Jeffrey Epstein
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  one hundred and fifty eight million dollars for tax advice.
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  In a statement from January, Black's attorney said his client
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  had no awareness of Epstein's criminal activity and there is
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  absolutely no truth to any of the alley against mister Black.
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  The lawsuit against Bank of America alleged that those payments
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  from Black and other transactions by Epstein should have raised
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  concern by the bank, which fell to alert law enforcement
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  as to Epstein's crimes before it was far too late. Well,
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  that's the problem when you don't file the stars. If
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  you would have filed the suspicious activity reports, you would
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  have to worry you'd be covered. You did your job,
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  You filed the stars, and the government chose to ignore them.
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  But as the financial institution, if you didn't do that.
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  If you didn't file those stars, you're now responsible. It's
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  on you. And obviously a Bank of America and all
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  of these banks that were involved were way more interested
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  in making money than protecting anybody. Epstein committed these crimes
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  by means of not only his own extraordinary wealth and power,
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  but through access to funding and financial support from both
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  individuals and institution, including Bank of America. Egregiously, Bank of
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  America had a plethora of information regarding Epstein's sex trafficking operation,
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  but shose profit over protecting victims. The lawsuit alleged, well,
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  that's exactly what they did. I don't even think that's
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  an allegation. Honestly, does anyone out there really believe that
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  the bank had no idea that these transactions were suspicious
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  and that they should have been flagged and notated. Of
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  course they knew, but again they didn't care. And now
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  it's going to cost them. But unfortunately, the damage is
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  already done and nobody's going to really be held to account.
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  It's going to cost them financially, but that's it. Bank
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  of America had unsuccessfully attempted to persuade the court to
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  dismiss the case. By arguing that the suit was based
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  on nothing more than allegations that it provided routine services
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  to customers who at the time had no known cannet
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  to Epstein's trafficking ring. Bank of America opposes trafficking in
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  all of its forms, but this suit attempts to radically
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  expand the liability for banks, holding them liable for providing
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  ordinary banking services to individuals one or more steps removed
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  from a trafficker. On November twenty twenty five, filing from
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  the bank's lawyer said, Meanwhile, they have no problem canceling
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  or closing your account if you're doing something that don't like,
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  shopping somewhere that don't like, donating somewhere that don't like.
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  But Jeffrey Epstein and his friends, Ah, come on, what
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  are you crazy. We can't miss out on that money.
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  We got to make sure that we're banking the beast.
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  And that's always been the story, right The financial sector
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  is going to do what the financial sector does, whether
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  it's Jeffrey Epstein, whether it's some god awful war, or
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  whether it's the next monster in waiting. One thing you
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  can count on is the involvement of the scoundrels in
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  the financial sector. All right, folks, that's gonna do it
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  for this one. All the information that goes with this
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  episode can be found in the description box.