NEW YORK (AP) — Bank of America has tentatively settled a lawsuit claiming it ignored suspicious financial transactions involving Jeffrey Epstein while he was sexually abusing hundreds of girls and women.
The proposed settlement was revealed in filings in Manhattan federal court on Monday, the same day that billionaire financier Leon Black was originally scheduled to be deposed in the case. Terms were not disclosed. The bank declined to comment through a spokesperson.
Though not a defendant, Black was recently described as a “critical witness” in the case by Sigrid McCawley, a lawyer for Epstein victims.
During a hearing last week, a lawyer for Black persuaded Judge Jed S. Rakoff to postpone Black's deposition for 10 days on the grounds that the parties were close to settling. The lawyer, Michael Carlinsky, did not immediately respond to a request for comment Tuesday.
In a statement, McCawley paid tribute to the “brave and fearless voices” of Epstein victims, saying their “road to justice” has been long and trying, but the Bank of America settlement “is one more step on the road to much deserved justice.”
The October lawsuit accused the bank of ignoring $170 million Black paid from a Bank of America account to Epstein purportedly for “tax and estate planning advice.”
It said the bank ignored “numerous red flags” of improper financial dealings, and “went far beyond what a non-complicit bank would have done and instead assisted Epstein in setting up the necessary financial structure to operate his sex-trafficking venture.”
The lawsuit, brought on behalf of a woman identified in court papers only as Jane Doe and “all others similarly situated,” said the woman was living in Russia when she met Epstein in 2011 and was “coerced into a cult-like life.”
It said she was paid by Epstein through a Bank of America account as she was controlled “financially, emotionally, and psychologically” by Epstein from 2011 through 2019 as he sexually abused her on at least 100 occasions, including raping her and forcing her to engage sexually with other women for his sexual gratification.
The lawsuit alleged that Epstein paid her rent and income from a phony job through a Bank of America account, and held her immigration status “over her head, until her ultimate escape when Jeffrey Epstein died.”
Epstein died in a federal jail in August 2019 as he awaited trial on sex trafficking charges. His death was ruled a suicide. He was known for his connections with wealthy and powerful men, and the lawsuit said he used it to his advantage in his attacks on women.
The recent Justice Department release of millions of pages of documents from law enforcement probes of Epstein show he had regular contact with CEOs, journalists, scientists and prominent politicians long after his 2008 conviction in state court in Florida on sex crimes charges.
A review of the documents by The Associated Press and other news organizations showed Black’s name appeared 8,200 times, though that figure likely includes some duplicate records.
In March 2021, Black stepped down as CEO of Apollo Global Management, saying he wanted to focus on his family, health, and “many other interests.”
A committee of the company's board had issued a report two months earlier concluding that Epstein had advised Black personally on estate planning, tax issues, charitable giving and running his “family office,” but provided no services to Apollo or invested in no Apollo funds.
The report also said the review — which Black requested — found “no evidence” that he was involved with Epstein’s alleged criminal activities “in any way” or “at any time.”
In a statement Tuesday, Sen. Ron Wyden, an Oregon Democrat who sits on the Senate Finance Committee, said the bank's decision to settle was a “step towards justice and a vindication of my staff's investigation into how major Wall Street banks enabled Epstein's crimes.”
He said the bank “willfully looked the other way” as Black paid Epstein the $170 million through “huge wire transfers,” often in $10 million or $20 million installments.
Associated Press Writer Martha Bellisle in Washington contributed to this report.
FILE - This photo provided by the New York State Sex Offender Registry shows Jeffrey Epstein, March 28, 2017. (New York State Sex Offender Registry via AP, File)
WASHINGTON (AP) — Joe Kent, the director of the National Counterterrorism Center, announced his resignation on Tuesday, citing his concerns about the justification for military strikes in Iran and saying he “cannot in good conscience” back the Trump administration’s war.
“Iran posed no imminent threat to our nation, and it is clear that we started this war due to pressure from Israel and its powerful American lobby,” Kent said in a statement posted on social media, making claims President Donald Trump has denied.
Kent, a former political candidate with connections to right-wing extremists, was confirmed to his post last July on a 52-44 vote. As head of the National Counterterrorism Center, he was in charge of an agency tasked with analyzing and detecting terrorist threats.
His resignation reflects unease within Trump’s base about the war and shows that questions about the justification for the use of force in Iran extend to at least one senior member of Trump's Republican administration.
The leadership change at one of the nation's top counterterrorism offices comes at a time of heightened concern about terrorism in the homeland following recent attacks at a Michigan synagogue and a Virginia university.
Kent's decision came down to the reasoning behind the strikes on Iran, or what he said was the lack thereof, he wrote in his resignation letter.
Trump has offered shifting reasons for the strikes and has pushed back on claims that Israel forced the U.S. to act. House Speaker Mike Johnson has suggested the White House believed Israel was determined to act on its own, leaving the Republican president with a “very difficult decision.”
In an exchange with reporters in the Oval Office on Tuesday, Trump said he always thought Kent was "weak on security” and if someone in his administration did not believe Iran was a threat, “we don’t want those people.”
“They’re not smart people, or they’re not savvy people,” Trump said. “Iran was a tremendous threat.”
A spokesperson for Director of National Intelligence Tulsi Gabbard did not immediately respond to questions about Kent’s resignation.
Democrats strongly opposed Kent’s confirmation, pointing to his past ties to far-right figures and conspiracy theories. But following his resignation, Sen. Mark Warner of Virginia, the top Democrat on the Senate Intelligence Committee, said Kent's concerns about the war in Iran were justified.
“I strongly disagree with many of the positions he has espoused over the years, particularly those that risk politicizing our intelligence community," Warner said. “But on this point, he is right: There was no credible evidence of an imminent threat from Iran that would justify rushing the United States into another war of choice in the Middle East.”
Johnson, though, pushed back on Kent's claims when asked about the resignation at a press conference on Tuesday.
“I got all the briefings. We all understood that there was clearly an imminent threat that Iran was very close to the enrichment of nuclear capability and they were building missiles at a pace no one in the region could keep up with,” Johnson said.
Johnson said he is convinced that if Trump had waited “we would have mass casualties of Americans, service members and others, and our installation would have been dramatically damaged.”
In New York City, two men who federal authorities say were inspired by the Islamic State group took powerful homemade bombs to a far-right protest outside the mayoral mansion.
In Michigan, a naturalized citizen from Lebanon rammed his vehicle into a synagogue, where he was shot at by security before he fatally shot himself.
And in Virginia, a man previously imprisoned on a terrorism conviction was heard yelling “Allahu akbar,” an Arabic phrase meaning "God is the greatest,” before opening fire in a university classroom in an attack that officials said ended when he was killed by students.
Gabbard, CIA Director John Ratcliffe and FBI Director Kash Patel are scheduled to testify before lawmakers this week about threats facing the U.S., an annual hearing that this year is likely to be taken up by questions about the Iran war and in particular the revelation that outdated intelligence likely led to the U.S. firing a missile that hit an elementary school in Iran and killed more than 165 people.
A veteran and former congresswoman from Hawaii, Gabbard has in the past criticized talk of military strikes in Iran. Six years ago she said that "an all out war with Iran would make the wars that we’ve seen in Iraq and Afghanistan look like a picnic. It will be far more costly in lives, American lives, and American taxpayer dollars — and all towards accomplishing what goal? What objective?”
Gabbard's office did not respond when asked if she supported the strikes, and she has not posted about Iran on her social media accounts since the strikes began on Feb. 28.
Kent's background in the military and his personal story of loss and sacrifice made him a leading figure among Trump supporters.
Before entering Trump's administration, Kent ran two unsuccessful campaigns for Congress in Washington state. He served in the military, seeing combat in 11 deployments as a Green Beret before retiring to join the CIA. He also endured tragedy: His wife, a Navy cryptologist, was killed by a suicide bomber in 2019 while fighting the Islamic State group in Syria, leaving him to raise their two young sons. Kent, 45, has since remarried.
During the United States’ chaotic withdrawal from Afghanistan in 2021, Kent criticized what he said was a misguided desire for nation building by some in Washington, D.C.
“It speaks to our hubris,” Kent told reporters while campaigning for Congress. “For us not to have learned from all this just shows that there are people making money and making their careers at the other end of it. They’ve been doing it on the backs and dead bodies of U.S. soldiers.”
During his 2022 congressional campaign, Kent paid Graham Jorgensen, a member of the far-right military group the Proud Boys, for consulting work. He also worked closely with Joey Gibson, the founder of the Christian nationalist group Patriot Prayer, and attracted support from a variety of far-right figures.
Early during his first campaign, Kent acknowledged that a political consultant set up a call that was joined by Nick Fuentes, a popular right-wing influencer who has said that Jews are holding the U.S. “hostage” and once proclaimed that “Hitler was awesome, Hitler was right.”
During his Senate confirmation hearing, Kent refused to distance himself from a conspiracy theory that federal agents instigated the Jan. 6, 2021, attack at the Capitol, as well as false claims that Trump won the 2020 election over Democrat Joe Biden.
Kent later disavowed those ties and stated that he rejected all “racism and bigotry.”
Still, Republicans praised Kent’s counterterrorism qualifications, pointing to his military and intelligence experience.
Sen. Tom Cotton, the GOP chair of the Intelligence Committee, said in a floor speech that Kent had “dedicated his career to fighting terrorism and keeping Americans safe.”
Associated Press writers Kevin Freking and Brian Slodysko contributed to this report.
FILE - Joseph Kent, director of the National Counterterrorism Center and Homeland Security Secretary Kristi Noem appear before the House Committee on Homeland Security on Capitol Hill in Washington, Dec. 11, 2025. (AP Photo/Mark Schiefelbein, File)
FILE - From left, Joseph Kent, director of the National Counterterrorism Center, Homeland Security Secretary Kristi Noem, and Michael Glasheen, operations director of the National Security Branch of the FBI, raise their arms before the House Committee on Homeland Security on Capitol Hill in Washington, Dec. 11, 2025. (AP Photo/Mark Schiefelbein, File)
FILE - Joseph Kent, director of the National Counterterrorism Center, speaks during the House Committee on Homeland Security on Capitol Hill in Washington, Dec. 11, 2025. (AP Photo/Mark Schiefelbein, File)
President Donald Trump pauses after signing an executive order in the Oval Office of the White House, Monday, March 16, 2026, in Washington. (AP Photo/Julia Demaree Nikhinson)
FILE - Joe Kent, Director of the U.S. National Counterterrorism Center, speaks during a congressional debate at KATU studios Oct. 7, 2024, in Portland, Ore. (AP Photo/Jenny Kane, File)
