Jeffrey Epstein’s estate has agreed to pay up to $35 million to settle a class action lawsuit that claims two of his longtime advisers helped run his sex trafficking involving young women and teenage girls.
The agreement was revealed in a court filing handed in Thursday at the federal court in Manhattan.In 2024, a lawsuit was filed against Epstein’s former personal attorney, Darren Indyke, along with his longtime accountant, Richard Kahn. Both men act as co-executors of the estate. If a judge agrees to the settlement, it would end the legal case against them. Law firm Boies Schiller Flexner, which is representing Epstein’s victims, has announced the proposed settlement.
The firm claimed that Indyke and Kahn helped build a web of companies and bank accounts that let Epstein hide his abuses and pay off victims and recruiters, all while they gained money for themselves. In a statement, Daniel H. Weiner, the lawyer for Indyke and Kahn, pointed out that neither of them admitted to doing anything wrong as part of the deal.
He said the co-executors were ready to fight the allegations in court but chose to settle in order to put an end to any possible claims against the estate.He added that the settlement would set up a confidential process for other victims who haven’t settled their claims yet. Epstein took his own life in a New York jail in August 2019 while he was waiting for his trial on federal sex trafficking charges.
The estate has already given out a lot of money to victims, with $121 million paid through a restitution fund and another $49 million in other settlements. Boies Schiller Flexner also settled for $365 million with JPMorgan Chase and Deutsche Bank after claims came up that the banks ignored warning signs when Epstein was their client.
