Speaker 1: What's up, everyone, and welcome to another episode of the
Epstein Chronicles. About a month ago, we were talking about
a lawsuit that was brought by some survivors of Jeffrey
Epstein against Bank of America. And when we were having
that conversation, I told you that the likeliest scenario would
be that the bank settles with these survivors, And according
to the new reporting coming out, that's exactly what happened.
And the amount that they agreed to settle on is
seventy two and a half million dollars. And while that's
certainly a lot of money, it's just a drop in
the bucket for a Bank of America means nothing to them.
And what I find the most interesting about all of
that is the fact that Leon Black himself paid sixty
two and a half million, ten million less to wiggle
off the hook down in the USVII. So if the
bank's paying seventy two and a half million and Leon
Black himself is paying sixty two and a half million,
what does that tell you about the shit they had
on Leon Black? Can you imagine the damning information that
the USVII had on Leon Black to get that dude
to settle for sixty two and a half million. I mean,
you're not paying sixty two and a half million if
they don't have the goods on you, right, you're not
just gonna pony up that dough. Oh yeah, I had
nothing to do with any of this, But how about
I piece you guys off a cool sixty two and
a half million and then you flip up here at
a Bank of America and the whole last bank is
only on the hook for seventy two and a half million.
So it really puts things into perspective as far as
what Leon Black was probably up to down in the USVII.
And today we have an article from CNBC talking about
the Bank of America settlement headline Epstein victims to get
seventy two and a half million from Bank of America settlement.
This article was authored by Dan Mangen. Bank of America
has agreed to pay the victims of notorious sex offender
Jeffrey Epstein seventy two and a half million dollars to
settle a class action lawsuit alleging that the bank facilitated
his sex trafficking operation. A New York federal court filing
showed Friday evening and this is how it always shakes
out for the financial sector. They pay a couple of fines,
nobody goes to prison, and they just move on to
the next disaster. Because there's nowhere in the world where
shit's going south that doesn't include the financial sector in
some degree. Whether it's war, whether it's poverty, whatever it
might be, the financial center is dick deep. The settlement
in which Boa did not admit wrongdoing is the fourth
settlement by a major bank of legal claims by Epstein
victims or a government entity alleging that they effectively abetted
his trafficking while he was a customer. I thought it
was all a big hoax, though. Has anyone ever heard
of banks paying out this kind of money for a hoax?
And if so, I need to get in on a hoax.
Two and a half millions seems like a nice payday
to me. But we all know it's not a hoax, right,
The bank doesn't pay this kind of money out if
it's a hoax. JP Morgan goes to the mattresses. Bank
of America goes to the mattresses. They're not doling out
money like your grandpa. In fact, they're doing everything they
can to claw money back. So when they're paying out
a settlement like this, you know that there's real exposure,
especially when it moves this quickly. We didn't even discuss
discovery right now. They might have did some preliminary sharing
of information, and I'm sure they had a conference where
the survivor's lawyers laid out all of the evidence, and
once Bank of America's lawyers took a look, their next
stop was directly to the executive offices to tell the
executives it's time to settle. It's the same thing with Brettler, right,
Prince Andrew goes to Andrew Brettler, the lawyer. Bretler takes
one look at the case, and a couple days later
we have a settlement. And it's the same pattern that
we've seen time and time again with Jeffrey Epstein. And
it's because people do not want to go to discovery.
When you're not on the right side of truth. The
last thing you want to do is have some pitbull
lass lawyer grilling you. Under oath, the settlement with Boa
must be approved by US District Court in Manhattan Judge
Jed Raykoff. Such approval is typically granted and Judge Raykoff
is pretty liberal with this sort of thing, so I
don't see there being an issue with Judge Raykoff stopping this.
He seems like the kind of guy that wants to
get things moving and if both sides can come to
an agreement, not really the kind of guy that's going
to step in and try and screw things up. The
settlement would pay all women who are sexually abused or
trafficked by Jeffrey Epstein or by any person who is
connected to or otherwise associated with Jeffrey Epstein or any
Jeffrey Epstein sex trafficking venture between June thirtieth, two thousand
and eight July sixth, twenty nineteen inclusive. According to the filing,
good PC's women off some more money. They deserve it back.
That brings truck up. If anybody is getting money, it
should be them. Nobody else should be benefiting or profiting
off of their suffering. They're the ones that went through
the bullshit, They're the ones that were abused. There are
the ones that have to live with this. Pay them.
Lawyers in the case are aware that there are at
least sixty women who were victimized by Epstein between those
dates the filing said. A Bank of America spokesman in
a statement said, while we stand by our prior statements
made in the filings in the case, including that Bank
of America did not facilitate sex trafficking crimes, this resolution
allows us to put the matter behind us and provides
further closure for the plaintiffs. Oh it's all about the plaintiffs,
is it. Translation? We were cooked, and if we went
to trial, we'd be even more cooked. Can you imagine
the stuff coming out during discovery? Oh? Yeah, Bank of
America knew that Jeffrey Epstein was molesting and trafficking women
and girls, and they just went on their merry way.
I'm sure people will love that. I'm sure the stock
price won't absolutely tank over that. Of course, they're going
to settle. CNBC has requested comment from the two law
firms that represented the victims in the suit filed in
October of twenty twenty five, Boys Schiller Flexner and Edwards
and Henderson. And of course those are the lawyers that
have been dealing with a lot of these Epstein related issues. Now.
Of course they aren't the only lawyers, but there are
some of the most prominent lawyers dealing with these issues.
JP Morgan Chase in June twenty twenty three agreed to
pay victims of Epstein two hundred and ninety million to
settle a similar lawsuit. The settlement came a month after
Deutsche Bank agreed to pay victims seventy five million. Now,
the reason the JP Morgan suit was so much more
is because of the intimate relationship that Jeffrey Epstein had
with JP Morgan and with people like jess Day, And
due to the nature of those relationships and how deep
they were and how close they were. JP Morgan was
on the line for more money and they should have been.
And as far as Deutsche Bank goes, they already knew
certainly not their first rodeo when it comes to issues
with regulators. JP Morgan in August twenty twenty three separately
agreed to pay the government of the US Virgin Islands
seventy five million. A legend the bank facilitated and benefited
from the sex trafficking of young women by Epstein, who
owned a private island in the USVII, which is absolutely
crazy considering the USVII was involved. How many officials from
the USVII that were elected at the time, were helping
Jeffrey Epstein, five six of them, and were talking about
big wigs. We're talking about the governor, we're talking about
Stacey Plaskett, We're talking about high end lawyers. And never
mind the fact that Jeffrey Epstein was showing up and
handing out turkeys and shit and computers to the police
department down there. No wonder, nobody saw anything, No wonder
nobody ever stepped in. Everybody was wet in their beak
like b away. JP Morgan did not admit wrongdoing in
the settlements. Of the settlements alone admit wrongdoing. In my opinion,
if you have the goods, you'd fight it, you have
the money, you have the lawyers, fight it, and if
you don't, I'm gonna believe that you're guilty. Deutsche Bank, however,
at the time of its settlement, said we acknowledge our
error on boarding Epstein in twenty thirteen and the weaknesses
in our processes, and have learned from our mistakes and
our shortcomings. Yeah, until the next time, until we find
out that insert dictator or scumbag was moving money through
Deutsche Bank. Those three prior lawsuits, like the current one,
against Boa were filed in Manhattan Federal Court. The lead
plaintiff in the Bank of America case, who filed under
the pseudonym Jane Doe, is a native of Russia who
met Epstein in twenty eleven. I'm telling you there's going
to be a lot more of this while people are
leading you down rabbit holes about nonsense. When it comes
to Jeffrey Epstein, the real story is hidden over in Russia,
it's hidden down in Brazil, it's hidden in South America
and Eastern Europe. That's where the story is now. And
these women who were abused by them, if they start
coming forward, it's going to add a whole different angle
when it comes to investigation. The complaint against Boa said
that from the year through twenty nineteen, Epstein's sexually abused
Jane Doe on at least one hundred occasions, including but
not limited to, forcibly touching her, forcibly raping her, and
forcing her to engage in sexual acts with other women
for his own depraved sexual gratification. The suit says that
in May of twenty thirteen, Jane Doe opened a bank
account at Bank of America at the direction of Epstein's
account and Richard Kahan and an immigration attorney as part
of a plan to defraud immigration officials. Well, well, well,
what have I been telling you for years now about
the immigration fraud? And nobody's been interested to look at it.
Nobody's diving deep. None of your preferred congressmen or women
have anything to say about it. Huh. I wonder why
could it be that they don't care about the real
story and that they're just trying to string you along.
Sure seems that way to me. And as far as
Richard khn goes, guy's an obvious liar who perjured himself.
Anything going to happen to him? Or are we just
going to ignore it? The lawsuit said that a recent
investigation in Debstein's crimes has revealed that billionaire Wall Street
financier Leon Black paid Epstein, including one hundred and seventy million,
for purported tax and state planning advice from his Bank
of America account. Nobody had anything to say about it. Huh. Now,
I dare you to go and try and take out
seventy five hundred bucks from the bank right now and
see the song and dance that you get. Why do
you need it? What are you doing with that money?
Et cetera, et cetera. Meanwhile, these comebags, well, they can
do whatever they want. Black in twenty twenty three agreed
to pay the US Virgin Islands sixty two and a
half million, and in return, the government released him from
any potential legal claims related to Ebstein. It was a shakedown.
The USVII government was shaking people down. And as much
as I hate Leon Black, and I do hate them,
there's no doubt that he was shaken down by the government.
And if I was him, i'd be pissed. But the
problem is he can't be pissed right because he knows
he's guilty. So for him it was a good escape patch.
But let's not act like the USVII government. Here are
the good guys. They're not, they never have been. At
the heart of the amended complaint, lead plaintiff alleges that
Jeffrey Epstein's sex trafficking venture was facilitated and enabled by
Bank of America, helping Epstein avoid regulators scrutiny and providing
Epstein withdrawal and wire services. Also, defendant could profit from
Epstein and his associates. The filing about the settlement says
lead plaintiff for the alleges that defendant's assistance to Epstein's
sex trafficking enterprise prevented the authorities from discovering his illegal
scheme and increased the size and scale of Epstein's access
to and control of victims, causing damage to members of
the class. The filing said the bank has expressly denied
and continues to deny, that it participated in or otherwise assisted, supported,
or facilitated the Epstein sex trafficking venture in any way
engaged in obstruction. Epstein, sixty six, killed himself in a
federal jail in Manhattan, allegedly in August of twenty nineteen,
weeks after being arrested on child sex trafficking charges. He
previously had pleaded guilty to soliciting an underage girl for
prostitution in Florida State Court in two thousand and eight
and ended up serving thirteen months in jail. If you
want to call it that thirteen months in jail, you
mean the stockade where he got to go home, Right,
that's what you're talking about. And look, as far as
the settlement goes, nothing surprising here as far as I'm concerned,
besides maybe the fact that it happened so quickly. But
I guess when you're cooked, you just got to settle, right.
Bank of America knew that fighting it was not in
her best interest, so they came to the table and
they settled up. And I expect to see more of
this as we move forward. All Right, folks, that's gonna
do it for this one. All the information that goes
with this episode can be found in description box.