A major donation to the U.S. military has sparked viral misinformation. Billionaire Timothy Mellon donated $130 million to fund military salaries during the recent government shutdown. The New York Times revealed his identity this week. This revelation triggered false online claims linking Mellon to a separate lawsuit involving the Bank of New York Mellon and Jeffrey Epstein.
Timothy Mellon BNY Mellon Lawsuit Links Are False
The viral claims are unfounded. Timothy Mellon is the heir to the historic Mellon banking fortune. However, he and his family have no ties to the current Bank of New York Mellon corporation.
The modern BNY Mellon was formed by a merger in 2007. It is a publicly traded company. The Mellon family holds no controlling stake. According to Reuters, institutional investors like Vanguard and BlackRock are the primary shareholders. There is no known association between Timothy Mellon and the late financier Jeffrey Epstein.
The Real BNY Mellon Epstein Lawsuit Explained
A separate lawsuit was filed against Bank of New York Mellon on October 16. An alleged victim of Jeffrey Epstein, identified as Jane Doe, is the plaintiff. The suit claims the bank processed over $378 million in suspicious payments. These payments allegedly went to women and girls trafficked by Epstein.
The lawsuit states the bank had information about the sex trafficking operation. It accuses BNY Mellon of choosing profit over protecting victims. A bank spokesperson has publicly called the lawsuit’s allegations meritless. They stated the institution will defend itself vigorously in court.
The timing of this lawsuit and Mellon’s donation created a false connection. The two events are entirely unrelated. The confusion highlights how complex corporate histories can be misconstrued online.
The facts are clear. The Timothy Mellon BNY Mellon lawsuit narrative is a baseless conflation of two separate news events, underscoring the speed at which financial misinformation can spread.
Info at your fingertips
Who is Timothy Mellon?
Timothy Mellon is an heir to the Mellon banking fortune. He is a reclusive billionaire who recently donated $130 million to support U.S. military salaries during a government funding gap.
What is the lawsuit against BNY Mellon about?
The lawsuit alleges BNY Mellon processed hundreds of millions of dollars for Jeffrey Epstein’s sex trafficking operation. The bank has denied these claims and is contesting the case.
Does the Mellon family own BNY Mellon?
No. The Mellon family does not own or control BNY Mellon. It became a publicly traded company after a 2007 merger, and the family holds no stake.
Was Timothy Mellon connected to Jeffrey Epstein?
There is no public evidence or reporting from major news outlets linking Timothy Mellon to Jeffrey Epstein or his criminal activities.
Why did Timothy Mellon donate $130 million?
He donated the funds to a government gift fund specifically to pay military salaries during a recent lapse in federal government funding.
Trusted Sources: The New York Times, Reuters, Associated Press.
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