Bank of America Settles Epstein Lawsuit; New Mexico Truth Commission, Harvard Ties Emerge
Major settlement reached with Epstein accusers while new investigations launch and institutional ties surface.
Bank of America Reaches Major Settlement in Epstein Case
Bank of America has agreed to settle a lawsuit brought by Jeffrey Epstein accusers, according to multiple reports from The Wall Street Journal and other outlets. The proposed settlement is non-binding at this stage, but Business Insider reports that it would scuttle a planned deposition of Leon Black, the private equity billionaire who had financial ties to Epstein. The lawsuit alleged that the bank facilitated Epstein's operations despite red flags about his activities. For more on banking relationships, see our documents section.
New Mexico Establishes Epstein Truth Commission
Source New Mexico reports that New Mexico's Jeffrey Epstein "truth commission" is actively seeking to hire a law firm to investigate the financier's connections to the state. This represents a significant new governmental effort to examine Epstein's activities and potential victims in New Mexico, where he owned the Zorro Ranch property. The commission's formation marks one of the first state-level official investigations into Epstein's operations outside of federal efforts.
Institutional Ties Continue to Surface
Several institutions are taking steps to distance themselves from Epstein-linked funds. Artnet News reports that the New York Academy of Art has donated $66,000 that was connected to Jeffrey Epstein, demonstrating ongoing efforts by cultural institutions to address their historical ties. Meanwhile, The Boston Globe reveals that Jeffrey Epstein's connections to Harvard University run deeper than previously known, suggesting more extensive institutional relationships may continue to emerge.
Religious and Personal Connections Under Scrutiny
The Kansas City Star reports that a former North Kansas City pastor who worked for Jeffrey Epstein has been suspended by a Missouri church, highlighting how Epstein's network extended into religious communities. Additionally, The Portland Press Herald published a column examining "The Epstein files and the Maine connection," indicating that new regional ties are still being investigated and documented. These developments underscore the breadth of Epstein's network across different sectors and geographic regions.