After awarding greater than $121 million to about 150 candidates, a compensation program for the survivors of Jeffrey Epstein’s sexual abuse stated on Monday that it had completed distributing funds. The late financier’s property proposed the restitution fund a couple of months after he died in federal custody in 2019, and the Epstein Victims’ Compensation Program started final 12 months. Jordana Feldman, the fund’s administrator, stated in an announcement that the variety of claims was greater than double this system’s preliminary expectation.
Brad Edwards, a Florida lawyer who labored by way of the compensation course of with greater than 50 of his purchasers, told ABC Information that the fund supplied an possibility outdoors of litigation. “Had all of these instances been litigated, clearly it will have exhausted important funds from the property, leaving much less for victims,” he stated. “For essentially the most half, I feel that it was profitable. It was positively worthwhile for everyone to take part, even those who finally rejected the dedication.”
Accepting restitution by way of the fund meant that victims couldn’t deliver further claims towards Epstein’s property or his alleged accomplices, comparable to Ghislaine Maxwell, who’s at the moment being held in a federal jail forward of her November trial on fees associated to aiding Epstein’s abuse. She has pleaded not responsible.
In keeping with the fund, 92% of eligible claimants accepted their compensation affords. “I used to be frequently struck by the resilience and braveness of the victims who put their religion and belief on this course of,” Feldman stated in an announcement. The New York Times reported that Feldman declined to say why about 75 candidates had been deemed ineligible.
Epstein’s property had been valued at roughly $578 million. As Reuters noted on Monday, some restitution had been delayed by a authorized battle between Denise George, the lawyer basic of the U.S. Virgin Islands, the place Epstein owned two islands, and the executors of Epstein’s property. George alleged that the executors, who denied any wrongdoing, had diminished the property too shortly and had been the “indispensable captains” of Epstein’s intercourse trafficking. The victims who didn’t settle for restitution by way of the fund are capable of pursue lawsuits towards Epstein’s property.
“I actually needed this course of to maneuver shortly and in a significant and purposeful approach,” Feldman told the Instances on Monday. “I actually consider these applications are as a lot about validation as compensation.”
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https://www.vanityfair.com/type/2021/08/jeffrey-epstein-victims-fund-payments | The Jeffrey Epstein Victims Fund Has Completed Paying Out $121 Million