A fund created by the executors of Jeffrey Epstein’s estate to compensate victims of the late pedophile has reportedly paid more than $30 million to Epstein’s accusers, according to the New York Times.
The fund has reportedly received more than 100 claims, and while the terms of individual settlements are kept discreet, an anonymous source said tens of millions had already gone out to Epstein’s accusers, the Times reported.
Claims take about 60 days to review, and as part of the process of filing a claim for the fund, accusers are interviewed over video.
“It gives the victims an opportunity to tell their story, and it gives me an opportunity to get to know them in a way that can’t be fully captured in a paper file,” fund administrator Jordana Feldman told the Times. “I do see some of the rawness of the emotions. There is very deep, long-lasting impact that the abuse has had on their lives.”
Plans for the compensation fund were first announced last year, and the unlimited restitution fund is being financed with money from Southern Trust, one of Epstein’s companies in the Virgin Islands. Southern Trust, which boasted billionaire private equity executive Leon Black among its top clients, has reportedly amassed more than $200 million in revenue since 2012.
In other words, “They have a lot of money to work with,” Spencer Kuvin, a Miami lawyer representing nine women who have submitted claims to the fund, told the Times.
Thanks for reading InsideHook. Sign up for our daily newsletter and be in the know.