That’s about the average payout the 150 alleged victims received, according to Forbes’ calculations. ContraTaking money from the fund required alleged victims to sign broad releases ceding their ability to bring further claims against the Epstein estate, his former companies or employees. The Epstein Victims’ Compensation Fund was created out of fear that the money—tied up in a trust—could take years to reach alleged victims, dozens of whom had launched lawsuits against the disgraced financier. David H. Weiner, an attorney for Epstein’s estate, told the Wall Street Journal the value of his holdings was approximately $210 million as of March 2021, with over $140 million contributed to the Epstein Victims’ Compensation Program. Further Reading“New Mexico Ranch Where Jeffrey Epstein Allegedly Trafficked Women Is To Hit The Market For $27.5 Million” (Forbes)

Source: Forbes August 09, 2021 14:15 UTC