Epstein Estate Agrees Up to $35m Settlement in Adviser Aiding Claims
The estate of Jeffrey Epstein has agreed to pay up to US$35 million to settle a class action lawsuit alleging that two of his closest professional advisers aided and abetted his sex trafficking operation, according to a federal court filing in New York.
The proposed settlement, announced by Boies Schiller Flexner, would resolve claims brought in 2024 against Epstein’s former personal lawyer Darren Indyke and longtime accountant Richard Kahn, both of whom serve as co-executors of Epstein’s estate.
If approved by a judge in the Manhattan federal court, the deal would bring to a close allegations that Indyke and Kahn helped construct a complex network of companies and bank accounts that allegedly concealed Epstein’s abuse and facilitated payments to victims and recruiters. The advisers deny wrongdoing.
In a statement, their lawyer Daniel H. Weiner said neither Indyke nor Kahn made any admission or concession of misconduct, adding that they agreed to settle to achieve finality for the estate rather than proceed to trial.
Weiner said in a statement to CBS News that the two accepted the subpoenas and intend to cooperate with the committee, but added that the allegations in the subpoena are “false.”
“It is worth emphasizing that not a single woman has ever accused either Mr. Indyke or Mr. Kahn of committing sexual abuse or witnessing sexual abuse, nor claimed at any time that she reported to them any allegation of Mr. Epstein’s abuse,” Weiner said in the statement.
The settlement is designed to provide a confidential compensation pathway for victims who have not previously resolved claims against the estate. Epstein’s estate has already distributed US$121 million through a restitution fund and paid a further US$49 million in separate victim settlements.
Epstein died in a New York jail in August 2019 while awaiting trial. His death was ruled a suicide.
The case follows earlier high-profile settlements secured by Boies Schiller Flexner, including US$365 million from JPMorgan Chase and Deutsche Bank, after the banks were accused of ignoring red flags while Epstein remained a lucrative client.
This settlement reinforces a trend lawyers are watching closely. Advisers, fiduciaries and financial gatekeepers remain squarely in the litigation crosshairs long after a principal wrongdoer is gone. Finality has a price. In this case, it’s eight figures.
