Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

$125M from Epstein estate awarded to approximately 150 victims

$125M from Epstein estate awarded to approximately 150 victims

Around 225 people filed claims and 92% of eligible claimants accepted offers

The estate of Jeffrey Epstein has awarded $125 million to approximately 150 victims who filed claims against the late financier.

The program has closed after providing relief to 92% of eligible claimants who accepted their compensation offers, according to a spokesman for the estate. Around 225 people filed claims, far exceeding the 100 claims the estate had estimated it would receive.

"This important, independent Program allowed victims/survivors who were sexually abused by Jeffrey Epstein to resolve their claims outside of court through a voluntary, confidential, fair, empathetic and expeditious process – beyond the glare of public proceedings and without the costs and confrontation of litigation," independent Administrator Jordana H. Feldman said.

Epstein, 66, was a hedge fund manager who hobnobbed with the rich, famous and influential, including former President Bill Clinton and a British prince.

He died in August 2019 after he was found unresponsive in his cell in the Metropolitan Correctional Center in Manhattan, N.Y., prison officials said at the time. The New York City Medical Examiner determined he committed suicide by hanging, but his death and the circumstances are still subject to investigation.

INFAMOUS DARKSIDE RANSOMWARE REBORN AS NEW CYBER THREAT: REPORTS


At the time of his death, Epstein was awaiting trial on federal charges of sex trafficking and conspiracy after investigative reporting by The Miami Herald stirred outrage over the 2008 plea bargain. He was accused of sexually abusing dozens of underage girls.

The claims process laid bare a more concrete extent to Epstein’s abuse.

TWO EX-BANK OF AMERICA TRADERS ACCUSED OF SPOOFING FOUND GUILTY


Feldman stressed that the claimants received full confidentiality in a "safe space" to share "intimate, personal, often harrowing accounts" of their experiences with Epstein.

"Given the history of the Epstein case, we were also particularly mindful of the importance of providing claimants transparency into the claims process and offering them an opportunity to tell their stories," Feldman added. "Every decision made and every action taken was rooted in these guiding principles."

Feldman stated that "no amount of money will erase the years of pain" the victims suffered, but she believes that the compensation will serve as a "measure of justice" and provide a much needed step towards healing.

AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
Satirical Sketch Sparks Political Spouse Feud in South Korea
Indonesia Quarry Collapse Leaves Multiple Dead and Missing
South Korean Election Video Pulled Amid Misogyny Outcry
Asian Economies Shift Away from US Dollar Amid Trade Tensions
Netflix Investigates Allegations of On-Set Mistreatment in K-Drama Production
US Defence Chief Reaffirms Strong Ties with Singapore Amid Regional Tensions
Vietnam Faces Strategic Dilemma Over China's Mekong River Projects
Malaysia's First AI Preacher Sparks Debate on Islamic Principles
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
Russia's Fossil Fuel Revenues Approach €900 Billion Since Ukraine Invasion
Alcohol Industry Faces Increased Scrutiny Amid Health Concerns
U.S. Goods Imports Plunge Nearly 20% Amid Tariff Disruptions
Italy Faces Population Decline Amid Youth Emigration
Trump Accuses China of Violating Trade Agreement
OpenAI Faces Competition from Cheaper AI Rivals
Foreign Tax Provision in U.S. Budget Bill Alarms Investors
Russia Accuses Serbia of Supplying Arms to Ukraine
Gerry Adams Wins Libel Case Against BBC
EU Central Bank Pushes to Replace US Dollar with Euro as World’s Main Currency
U.S. Health Secretary Ends Select COVID-19 Vaccine Recommendations
Trump Warns Putin Is 'Playing with Fire' Amid Escalating Ukraine Conflict
India and Pakistan Engage Trump-Linked Lobbyists to Influence U.S. Policy
U.S. Halts New Student Visa Interviews Amid Enhanced Security Measures
Trump Administration Cancels $100 Million in Federal Contracts with Harvard
SpaceX Starship Test Flight Ends in Failure, Mars Mission Timeline Uncertain
King Charles Affirms Canadian Sovereignty Amid U.S. Statehood Pressure
EU Majority Demands Hungary Reverse Anti-LGBTQ+ Laws
Top Hotel Picks for 2025 Stays in Budapest Revealed
Iron Maiden Unveils 2025 Tour Setlist in Budapest
Chinese Film Week Opens in Budapest to Promote Cultural Exchange
Budapest Airport Launches Direct Flights to Shymkent
Von der Leyen Denies Urging EU Officials to Skip Budapest Pride
Alcaraz and Sinner Advance with Convincing Wins at Roland Garros
EU Ministers Lack Consensus on Sanctioning Hungary Over Rule of Law
EU Nations Urge Action Against Hungary's Pride Parade Ban
Putin's Helicopter Reportedly Targeted by Ukrainian Drones
U.S. Considers Withdrawing Troops from Europe
Russia Deploys Motorbike Squads in Ukraine Conflict
Critics Accuse European Court of Human Rights of Overreach
Spain Proposes 100% Tax on Non-EU Holiday Home Purchases
German Intelligence Labels AfD as Far-Right Extremist
Geert Wilders Threatens Dutch Coalition Over Migration Policy
Hungary Faces Multiple Challenges Amid EU Tensions and Political Shifts
Denmark Increases Retirement Age to 70, Setting a European Precedent
Any trade deal with US must be based on respect not threats', says EU commissioner
UK Leads in Remote Work Adoption, Averaging 1.8 Days a Week
Thirteen Killed in Russian Attacks Across Ukraine
High-Profile Incidents and Political Developments Dominate Global News
Netanyahu Accuses Western Leaders of 'Emboldening Hamas'
Ukraine and Russia Conduct Largest Prisoner Exchange of the War
×