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The co-executors of Jeffrey Epstein’s estate have agreed to a payout of up to $35 million to resolve allegations that they facilitated his extensive sex trafficking network for nearly 20 years. This development was announced on Thursday, following the public release of a settlement agreement in Manhattan federal court, which awaits judicial approval.
The lawsuit, originally filed in February 2024, targeted Epstein’s lawyer, Darren Indyke, and his accountant, Richard Kahn. Both were named as co-executors in Epstein’s will, which he finalized just two days before his 2019 death in a New York jail while awaiting trial.
Daniel H. Weiner, the attorney representing Indyke and Kahn, stated to Reuters that his clients have not admitted to any wrongdoing as part of this settlement. While The Hill reached out for additional comments, no immediate response was received from Weiner.
According to the court documents, the co-executors assert they have strong defenses against the accusations but are opting for the settlement to provide relief to Epstein’s victims and to conclude all outstanding claims against the estate. “The Co-Executors maintain that they have meritorious defenses to the claims alleged in the Litigation and are entering into this Settlement Agreement to provide relief to those victims of Epstein’s sexual abuse, assault, and trafficking… and further to bring finality to any and all claims against the Estate,” the filing states.
The initial class action lawsuit accused Indyke and Kahn of orchestrating the intricate financial operations that enabled Epstein to compensate victims and recruiters in exchange for their silence, all while ensuring substantial financial benefits for himself and his collaborators.
The original complaint also accused Epstein’s former lawyer and accountant of facilitating “arranged and forced sham marriages” to get at least three of Epstein’s victims’ immigration status “so that they could continue to be available to Epstein for his abuse,” the documents show.
The victims will have to agree to drop any future claims and cannot have received prior settlements from the Epstein estate or the Epstein Victims Compensation Fund, in order to be eligible for payment.
The latest deal, which could include payments from $25 million to $35 million — depending on how many women are eligible — will be paid for by the estate’s remaining fortune, according to the settlement.
The news comes after another Epstein associate, billionaire retail mogul Les Wexner, testified before the House Oversight Committee and denied firsthand knowledge of Epstein’s crimes. Indyke and Kahn have also been issued subpoenas in lawmakers’ probe of the case.