By Jonathan Stempel
NEW YORK (Reuters) – The top of a fund offering restitution to victims of Jeffrey Epstein’s sexual abuses stated on Monday she has completed the claims course of, and awarded practically $125 million to about 150 eligible claimants.
In a press release, the Epstein Victims’ Compensation Fund stated 92% of eligible claimants accepted their compensation provides, and have obtained greater than $121 million.
The fund obtained about 225 claims, greater than double the 100 it anticipated. It turned away about 75 claimants, although they will nonetheless pursue claims towards Epstein’s property.
Jordana Feldman, the fund’s administrator, in a press release stated “each claimant had a possibility to be heard in a secure area, to share the intimate, private, usually harrowing accounts of what they endured and the way it has affected them.”
Feldman introduced the payouts in the future earlier than the second anniversary of Epstein’s demise.
The financier killed himself at age 66 in a Manhattan jail cell on Aug. 10, 2019 whereas awaiting trial on intercourse trafficking expenses. He had signed his will two days earlier.
Some payouts had been delayed by litigation between the executors of Epstein’s property, which as soon as held $634 million, and Lawyer Basic Denise George of the U.S. Virgin Islands, the place Epstein owned two islands.
George accused the executors of depleting property belongings too rapidly, and likewise being the “indispensable captains” of Epstein’s intercourse trafficking.
The executors have denied any misconduct.
George and a lawyer for the executors didn’t instantly reply to requests for remark.
The fund opened in June 2020, following negotiations between attorneys for the executors and victims in addition to George.
Feldman additionally helped lead the compensation fund for victims of the Sept. 11, 2001 assaults. She was not instantly obtainable for added remark.
Ghislaine Maxwell, Epstein’s longtime affiliate, has pleaded not responsible to expenses she groomed and trafficked underage women for Epstein. Her trial in Manhattan may start in November.
(Reporting by Jonathan Stempel in New York; Modifying by Howard Goller)