Experts say prying open the trust fund and dividing up the billionaire’s riches could take years.
When creating his will days before his death, disgraced financier Jeffrey Epstein set up a trust fund to shield his $577m fortune from those trying to collect from his estate.
The fund was added to his will just two days before his death, with experts suggesting that the opening of the fund and dividing up the billionaire’s riches could take years.
“This is the last act of Epstein’s manipulation of the system, even in death,” said attorney Jennifer Freeman, who represents child sex abuse victims.
The Guardian, the creation of the fund instantly raised suspicions that he did it to hide money from the many women who say he sexually abused them when they were teenagers.
By putting his fortune in the trust, he was able to hide the identities of his beneficiaries from the public view, and the many women trying to collect money from his estate will now have have to convince a judge to release the details.
“Wealthy people typically attempt to hide assets in trusts or other legal schemes. I believe the court and his administrators will want to do right by Epstein’s victims, and if not, we will fight for the justice that is long overdue to them,” said attorney Lisa Bloom, who represents several Epstein accusers.
Epstein died by suicide in a New York jail as he awaited trial for a number of charges, including sex trafficking and conspiracy to traffic minors for sex.