“Jeffrey Epstein victims compensation fund will go into effect June 15”
June 3, 2020 | 3:05pm | Updated June 3, 2020 | 3:18pm
The fund was created after over two dozen sexual assault victims filed suit in federal and state courts against the dead pedophile’s estate seeking damages from the $634 million fortune the 66-year-old hedge-funder left behind.
But, the fund was stalled for months in a US Virgin Islands court after the attorney general there sought to ensure that the program had enough protections in place for the women.
USVI Superior Court Magistrate Judge Carolyn Hermon-Percell signed an order approving the fund Wednesday and allowing the estate executors to begin running it beginning June 15.
Jordan Merson, a lawyer representing twelve Epstein accusers, told The Post, “We are pleased that the Compensation Fund can move forward and are hopeful that it provides the awards necessary so that these women are fully compensated for a lifetime of anguish.
“All of the approximate $650 million in the estate should be distributed to the victims.”
The fund will be headed by the former head of the 9/11 Victims Compensation Fund Jordana Feldman.
Epstein committed suicide by hanging in a Lower Manhattan jail cell in August as he awaited trial on sex-trafficking charges.
A lawyer for the estate did not immediately return a request for comment.
If you want to read more News articles, you can visit our General category.