Banks Fast-Track: From Money Laundering To Moral Laundering
In a dazzling display of financial willful blindness, Bank of America and BNY Mellon now face lawsuits for ignoring Epstein's literal sex-trafficking red flags. US District Judge Jed Rakoff slapped them on a fast track with November motions to dismiss deadlines, December arguments, and a thrilling May-June 2026 trial double feature. Bank of America allegedly managed an account for Epsteinâs victim that paid rent while Epstein did the worst kind of abuse, and BNY processed $378 million in suspicious payments without batting an eye â or calling compliance. JPMorgan paid a $290 million settlement; Deutsche Bank coughed up $75 million, but these newcomers vow to 'vigorously defend,' presumably against common sense. Rakoff hopes for a real trial because, honestly, who doesnât want top lawyersâ courtroom fireworks instead of boring settlements?
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Nothing says âdiligent bankingâ like processing $378 million for sex trafficking without blinking. Bank of America and BNY might soon enjoy a front-row seat in court. Grab your popcorn, 2026âs trial season is shaping up better than most TV dramas.
If ignoring red flags were an Olympic sport, Bank of America and BNY would take gold for sponsoring Epsteinâs scandal like itâs a wholesome charity marathon.
Sure, $290 million settlement by JPMorgan and $75 million by Deutsche Bank seem pricey. But hey, who needs ethics when youâve got billion-dollar lawsuits on the calendar?
Source: Businessinsider | Published: 10/27/2025 | Author: Jacob Shamsian
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