The executors of the estate of Jeffrey Epstein said on Thursday they had asked a judge to approve the creation of a proposed fund to compensate women the financier was accused of having sexually abused.
The executors, Darren Indyke and Richard Kahn, said in a statement that the fund would create a “voluntary, confidential, non-adversarial alternative to litigation”.
Epstein, 66, died by hanging himself in his Manhattan jail cell on 10 August, two days after signing a will and putting his estimated $577m estate into a trust. He had been arrested in July on federal sex trafficking charges, to which he pleaded not guilty.
His estate is facing about a dozen lawsuits from women who say Epstein sexually abused them, many while they were underage.
The proposed compensation fund, which must be approved by a US Virgin Islands court, would be overseen by administrators including Jordana Feldman and Kenneth Feinberg, who have worked on compensation funds for victims affected by 9/11.
Women who choose not to take part in the…