The Estate of Jeffrey Epstein Agrees to Pay $35 Million to Settle Victims' Lawsuits

The estate of the convicted American financier Jeffrey Epstein has agreed to pay up to $35 million to settle lawsuits from dozens of potential victims, according to a proposed court ruling submitted on Thursday.

Settlement Details

The settlement covers women who were "sexually assaulted, exploited, or trafficked" by Epstein between January 1995 and August 2019, the date of his suicide in jail while awaiting trial.
The settlement stipulates a payment of $35 million if the number of claimants reaches 40 women or more, and $25 million if the number is lower.

Implementation of the Settlement

Epstein's former attorney Darren Indyke and accountant Richard Kahn will oversee the agreement's implementation, emphasizing that this does not constitute an admission of liability or wrongdoing.
A federal judge in New York must approve the agreement before it becomes final, amid expectations that there are at least 40 victims who have not yet reached a settlement.

Background of the Case

This settlement comes after the U.S. Department of Justice released millions of documents, photos, and videos related to the investigation into Epstein's case, who established a global network that affected the reputations of many politicians, businessmen, and celebrities associated with him.