Jeffrey Epstein victims' compensation fund to finally move forward
A voluntary restitution program for alleged victims of Jeffrey Epstein's sexual abuse will finally move forward, more than six months after the program was first proposed by the executors of the late financier's $634 million estate.
"Today is a very positive step in the right direction," said Brad Edwards, an attorney for more than 50 alleged Epstein victims who led the negotiations on behalf of the survivors. "We expect that the program will be the most effective of its kind."
The plan was first proposed by Epstein's estate last November, but it has been on hold since the government of the U.S. Virgin Islands filed a civil racketeering lawsuit against the estate, along with criminal activity liens that effectively froze Epstein's assets worldwide. The territory's attorney general, Denise George, raised concerns about the fairness of the initial proposals and demanded modifications before she would agree to unlock a portion of the estate's funds. With the final details hammered out, George agreed Friday to allow the plan to proceed.
"The Attorney General's Office, working closely with Epstein's victims and their counsel, have now reached an agreement upon the terms of the fund, which include a set of reforms that provide a process that will be more fair, credible, and victim-oriented," George's office said in a statement Friday.
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