October 27, 2021

Vision Cim

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$125M from Epstein estate awarded to close to 150 victims

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

The program has shut after offering relief to 92% of suitable claimants who accepted their compensation gives, according to a spokesman for the estate. About 225 persons submitted claims, considerably exceeding the 100 statements the estate experienced approximated it would obtain. 

“This essential, independent System allowed victims/survivors who ended up sexually abused by Jeffrey Epstein to solve their claims exterior of court docket by a voluntary, confidential, reasonable, empathetic and expeditious procedure – over and above the glare of general public proceedings and with out the fees and confrontation of litigation,” impartial Administrator Jordana H. Feldman mentioned. 

Jeffrey Epstein in Cambridge, Mass., Sept. 8, 2004. (Rick Friedman/Rick Friedman Photography/Corbis by way of Getty Visuals)

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

He died in August 2019 following he was located unresponsive in his cell in the Metropolitan Correctional Heart in Manhattan, N.Y., jail officials explained at the time. The New York City Medical Examiner established he dedicated suicide by hanging, but his dying and the situation are still subject to investigation.

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At the time of his loss of life, Epstein was awaiting demo on federal prices of sex trafficking and conspiracy soon after investigative reporting by The Miami Herald stirred outrage more than the 2008 plea bargain. He was accused of sexually abusing dozens of underage girls.

The promises approach laid bare a a lot more concrete extent to Epstein’s abuse. 

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Feldman pressured that the claimants obtained whole confidentiality in a “secure house” to share “intimate, own, normally harrowing accounts” of their encounters with Epstein. 

“Provided the record of the Epstein scenario, we have been also especially aware of the great importance of supplying claimants transparency into the promises system and featuring them an possibility to inform their stories,” Feldman additional. “Each and every decision produced and each action taken was rooted in these guiding principles.” 

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Feldman said that “no quantity of money will erase the years of ache” the victims experienced, but she thinks that the payment will serve as a “measure of justice” and provide a a great deal required phase toward therapeutic. 

FOX Business’ Stephanie Pagones contributed to this report.