The estate of convicted sex trafficker Jeffrey Epstein has reached an agreement to pay up to $35 million in a new settlement with victims, according to federal court documents filed Thursday.
The law firm Boies Schiller Flexner, which represents multiple Epstein victims, disclosed the settlement agreement in court papers submitted to a Manhattan federal court.
The proposed settlement would resolve a lawsuit filed in 2024 targeting Darren Indyke, Epstein’s former personal attorney, and Richard Kahn, his former accountant. Both men currently serve as co-executors of Epstein’s estate and were accused of helping facilitate his sex trafficking operations involving young women and teenage girls.
This latest agreement adds to the substantial payouts already made by Epstein’s estate. Previously, a victim compensation fund distributed $121 million to survivors, while an additional $49 million was paid through separate settlement agreements.
Daniel H. Weiner, the attorney representing Indyke and Kahn, emphasized that his clients denied any wrongdoing in the settlement announcement.
“Because they did nothing wrong, the co-executors were prepared to fight the claims against them through to trial, but agreed to mediate and settle this lawsuit in order to achieve finality as to any potential claims against the Epstein Estate,” Weiner stated in an email.
According to Weiner, neither Indyke nor Kahn “made any admission or concession of misconduct” in reaching this agreement.
Weiner noted the settlement creates “a confidential avenue for financial relief” for Epstein victims who haven’t previously settled claims with the estate.
Epstein was found dead in his New York jail cell in August 2019, with authorities ruling his death a suicide.
The 2024 legal action brought by Boies Schiller Flexner alleged that Indyke and Kahn assisted Epstein in establishing an intricate network of business entities and financial accounts. This system allegedly allowed him to conceal his criminal activities and compensate both victims and recruiters, while the two advisers were “richly compensated” for their services.
The Boies law firm has previously secured significant victories for Epstein victims, including $365 million in combined settlements from JPMorgan Chase and Deutsche Bank. Those financial institutions were accused of overlooking warning signs about Epstein’s activities despite his status as a profitable client.
The current settlement requires judicial approval before taking effect.
