Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Sunday, May 31, 2020

Epstein estate reaches deal with US Virgin Islands attorney general on victims compensation fund

OriginalAfter months of negotiations, Jeffrey Epstein's estate and the attorney general of the U.S. Virgin Islands have reached a deal regarding a fund to compensate the dozens of alleged sex-trafficking victims of Jeffrey Epstein. The negotiations and agreement followed legal action by U.S. Virgin Islands Attorney General Denise George to block the executors of Epstein's $600 million estate from setting up their own compensation fund with provisions she had objected to. According to George, the new fund has safeguards to protect the victims. 

George opposed demands from the estate that would have required victims to sign a release that would prevent them form suing others who may have participated in Epstein's alleged abuse scheme. The agreement includes funding to ensure that victims who have not yet come forward or are not satisfied with the monetary award can opt out without jeopardizing the chance of a court judgment. The agreement also includes a provision that prevents the estate from using information provided by the women to defend itself against other claims or lawsuits. 

Attorney Gloria Allred, who represents some of Epstein's alleged victims, said that her clients will consider using the compensation fund if it appears fair. 

Epstein was accused of sexually abusing sizes of underage girls at his various homes as well as his private island. Authorities claimed that Epstein lured his girls onto his properties and trafficked them into sexual servitude. Epstein was facing multiple sex-trafficking charges when he was found dead in his jail cell at Metropolitan Correctional Center in New York City. The death was ruled a suicide. 

Daniel Wiener, one of the lawyers representing the estate said the fund will help the victims resolve their claims in a process that "is sensitive to the experiences and concerns of claimants and treats them with compassion, dignity, and respect."

See Louis Casiano & Bryan Llenas Epstein estate reaches deal with US Virgin Islands attorney general on victims compensation fund, Fox News, May 29, 2020. 

https://lawprofessors.typepad.com/trusts_estates_prof/2020/05/epstein-estate-reaches-deal-with-us-virgin-islands-attorney-general-on-victims-compensation-fund.html

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