Victims of Jeffrey Epstein’s Sex Trafficking Ring Have Received $125 Million in Settlements
The Jeffrey Epstein Victims Fund on Monday finished paying out $125 million in settlements to 150 survivors of the disgraced financier’s notorious sex trafficking ring – one day before the second anniversary of his suspicious suicide inside the Metropolitan Correctional Center in New York City.
The payouts were issued in exchange for dropping lawsuits against Epstein’s post-humous estate. His net worth at the time of his death is estimated to have been around $600 million with $49 million in cash on hand.
“This was offered as a safe space and a confidential forum to resolve these disputes. And I think as people gained confidence in the program, you saw numbers increase along the way, too. Every claimant had an opportunity to be heard in a safe space, to share the intimate, personal, often harrowing accounts of what they endured and how it has affected them. I was continually struck by the resilience and courage of the victims who put their faith and trust in this process.” Jordana Feldman, the program’s independent administrator who also oversaw the September 11th Victim Compensation Fund, said in a statement to the media.
“I am proud of what we were able to accomplish with this Program, but also recognize that no amount of money will erase the years of pain these victims have endured because of Jeffrey Epstein. My hope is that the Program provided his victims a meaningful measure of justice and a step on the path toward healing,” said Feldman.
“I think the number of certified victims of Epstein’s sex trafficking is unspeakable. There really aren’t words to describe the enormity of his crimes,” said David Boies, the chairman of Boies, Schiller, and Flexner, a law firm that represented some of Epstein’s victims.
“I think the process was very sensitive to survivors. I think they were treated with respect,” Boies said. “But you’ve got to keep in mind that the number of people who actually participated in the claims process was only a portion of the girls who were abused. Many of these girls have, for one reason or another, been unwilling to come forward. So the numbers here are horrific, but that is only part of the story about how extensive and terrible Epstein’s sex trafficking was.”