Epstein Co-Executors Agree to Up to $35M Settlement in Sex-Trafficking Lawsuit
The estate of Jeffrey Epstein has agreed to pay up to $35m to resolve a class-action lawsuit alleging that two longtime advisers aided and abetted his sex-trafficking operation involving young women and teenage girls, according to a federal court filing in New York. The settlement, disclosed in a brief submitted on Thursday by Boies Schiller Flexner, which represents numerous Epstein survivors, would end a 2024 suit targeting Epstein’s former personal lawyer Darren Indyke and former accountant Richard Kahn, both co-executors of the late financier’s estate.
The deal requires judicial approval and comes after the estate previously created a restitution program that distributed $121m to victims, in addition to $49m paid through separate settlements. In a statement, attorney Daniel Weiner, representing Indyke and Kahn, said neither adviser “made any admission or concession of misconduct” in agreeing to the settlement. He added that although his clients were prepared to contest the allegations at trial, they chose to mediate to secure “finality as to any potential claims against the Epstein Estate” and to offer a “confidential avenue for financial relief” to remaining victims.
Epstein died in a New York jail in August 2019, a death ruled a suicide. The 2024 lawsuit alleged that Indyke and Kahn helped Epstein establish a labyrinth of corporate entities and financial accountsAccounting It is the process of recording, summarizing, analyzing, and reporting financial transactions of a business or individual. Types of Accounts > Assets- Things you own (cash, property) Liabilities- Things you owe (loans, bills) Equity- Owner’s stake in the business Revenue- Money you earn (sales, services) Expenses- Costs to run the business that concealed his criminal activity, facilitated payments to victims and recruiters, and left the advisers “richly compensated.”
Boies Schiller Flexner previously secured $365m in settlements from JPMorgan Chase and Deutsche Bank, after accusing the financial institutionsFinancial institutions It means any natural or legal person who conducts as a business one or more of the following activities or operations for or on behalf of a customer: 1. Acceptance of deposits and other repayable funds from the public. 2. Lending. 3. Financial leasing. 4. Money or value transfer services. 5. Issuing and managing means of payment (e.g. credit and debit cards, cheques, traveller's cheques, money orders and bankers' drafts, electronic money). 6. Financial guarantees and commitments. 7. Trading in: (a) money market instruments (cheques, bills, certificates of deposit, derivatives etc.); (b) foreign exchange; (c) exchange, interest rate and index instruments; (d) transferable securities; (e) commodity futures trading. 8. Participation in securities issues and the provision of financial services related to such issues. 9. Individual and collective portfolio management. 10. Safekeeping and administration of cash or liquid securities on behalf of other persons. 11. Otherwise investing, administering or managing funds or money on behalf of other persons. 12. Underwriting and placement of life insurance and other investment-related insurance[5]. 13. Money and currency changing. of overlooking warning signs about Epstein during his years as a lucrative client.
February 20, 2026
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