BY MIRABEL ODETA
The estate of disgraced financier Jeffrey Epstein has agreed to pay as much as $35 million to resolve a class action lawsuit accusing two of his longtime advisers of helping facilitate his sex trafficking of young women and teenage girls, according to a court filing submitted Thursday in federal court in Manhattan.
The proposed settlement was disclosed by the law firm Boies Schiller Flexner, which represents a number of Epstein’s victims. In a brief filing, the firm informed the court that an agreement had been reached that, if approved by a judge, would conclude litigation brought in 2024 against Epstein’s former personal attorney, Darren Indyke, and his longtime accountant, Richard Kahn. Both men serve as co-executors of Epstein’s estate and were accused in the lawsuit of aiding and abetting his years-long scheme of sexual exploitation.
The lawsuit alleged that Indyke and Kahn played key roles in managing Epstein’s financial affairs and structuring his wealth through a complex network of corporations, trusts, and bank accounts. According to the complaint, this intricate system allowed Epstein to conceal his activities, move funds discreetly, and make payments to victims and recruiters while maintaining the outward appearance of legitimacy. Attorneys for the plaintiffs argued that the advisers were “richly compensated” for their services and either knew or should have known that the financial structures they helped create were being used to support criminal conduct.
Under the terms of the agreement, neither Indyke nor Kahn admitted to any wrongdoing. Their attorney, Daniel H. Weiner, said in a statement that the co-executors “made no admission or concession of misconduct” as part of the settlement. He emphasized that both men maintain they did nothing wrong and were prepared to defend themselves at trial. However, he said they ultimately agreed to mediation and settlement in order to bring finality to potential claims involving the estate and avoid prolonged legal battles.
Weiner added that the settlement would provide what he described as a “confidential avenue for financial relief” for individuals who have not yet resolved claims against the estate. If approved by the court, the deal is expected to streamline compensation for additional victims while shielding the estate from further costly litigation.
This latest settlement adds to the substantial sums already distributed following Epstein’s death. After he was found unresponsive in a New York jail cell in August 2019, authorities ruled his death a suicide. In the aftermath, his estate established a voluntary restitution program that paid out approximately $121 million to victims who came forward with claims of abuse. In addition, the estate has paid roughly $49 million in other settlements to resolve separate claims.
Epstein’s financial and professional network has faced intense scrutiny in the years since his arrest and death. Victims and their advocates have sought accountability not only from the financier himself but also from institutions and individuals they say enabled his conduct. In previous litigation, Boies Schiller Flexner played a central role in securing a combined $365 million in settlements from major financial institutions, including JPMorgan Chase and Deutsche Bank, after accusing them of ignoring warning signs while maintaining lucrative banking relationships with Epstein.
The proposed $35 million settlement marks another significant chapter in the ongoing effort by victims to obtain financial redress and legal closure. While the agreement does not include any admission of liability by the co-executors, it reflects the continuing legal and financial consequences stemming from Epstein’s extensive network and the institutions and advisers that were once closely associated with him. A federal judge must now review and approve the settlement before it becomes final.
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