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'Meaningful measure' Compensation fund pays $125m to Jeffrey Epstein's victims before closing down

If victims opted to receive financial compensation, they had to sign a release agreeing not to take further legal action against Epstein’s estate.

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Disgraced financier Jeffrey Epstein

Disgraced financier Jeffrey Epstein

Disgraced financier Jeffrey Epstein

The compensation fund set up for victims of Jeffrey Epstein paid out almost $125 million before closing down on Monday.

The case’s Victims’ Compensation Program began distributing money more than a year ago to approximately 150 women, according to fund administrator Jordana Feldman.

Epstein was awaiting trial on sex-trafficking and other charges when authorities reported that he hanged himself in a jail cell in Lower Manhattan on August 10th 2019.

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Jeffrey Epstein (AP)

Jeffrey Epstein (AP)

Jeffrey Epstein (AP)

Around 225 claims were filed for the compensation programme, and at least 92pc of these were determined by administers to be credible.

Victims eligible to receive funds were then offered various compensation amounts funded by Epstein’s estate - which is valued at around $634 million.

Epstein's estate had no say in determining which cases were credible and the amounts distributed to victims.

If victims opted to receive financial compensation, they had to sign a release agreeing not to take further legal action against Epstein’s estate.

In a statement, Feldman said: “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,” Feldman said in a statement.

“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.”

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