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The ColumnInvestigation· No. 2889

The 35-million-dollar Epstein settlement still hanging in the balance

A federal judge in the United States granted, on March 3, 2026, preliminary approval to a deal allowing Jeffrey Epstein'sestate to pay

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Key takeaways
  1. A federal judge in the United States granted, on March 3, 2026, preliminary approval to a deal allowing Jeffrey Epstein'sestate to pay
  2. Introduction: a financial deal that still has no force of law
  3. A preliminary approval, not yet final
Transparency

Facts, quotes, and cited links remain in the body. Interpretations are framed as analysis or opinion according to the format.

Introduction: a financial deal that still has no force of law

A preliminary approval, not yet final

A federal judge in the United States granted, on March 3, 2026, preliminary approval to a deal allowing Jeffrey Epstein'sestate to pay up to 35 million dollars to settle a class action lawsuit. That figure, significant as it is, represents only an intermediate step in a legal process still far from over (Reuters).

Federal judgeArun Subramanian, based in Manhattan, ruled that the deal appeared fair to the victims. But a final hearing has been set for September 16, 2026 to discuss final approval of the settlement, meaning nothing is yet guaranteed for the plaintiffs (National Today).

Two estate executors at the heart of the deal

The deal aims to end a lawsuit filed in 2024 against Darren Indyke, Jeffrey Epstein's former personal lawyer, and Richard Kahn, his former accountant, both of whom became co-executors of the deceased financier's estate. The lawsuit accused them of knowingly facilitating the sex trafficking of young women and minors orchestrated by Epstein.

According to court documents, the two men allegedly created shell companies and bank accounts designed to conceal payments made to victims and recruiters, as part of the system Epstein put in place before his death in 2019.

I will not pretend this case is simple to follow. Between the multiple settlements, the multiple banks, the multiple judges, it becomes easy to lose the thread. But one thing stays constant: the victims have waited years for concrete recognition, and every delay wears down their patience a little more.

The Boies Schiller Flexner firm and the victims' strategy

An announcement prepared weeks in advance

The law firmBoies Schiller Flexner, which represents Epstein's victims in this case, had announced the settlement as early as February 19, 2026, two weeks before the judge's preliminary approval. This early announcement reflects a commitment to transparency, but also the legal complexity of a case negotiated over several months.

The same firm has also handled other major cases tied to Epstein, notably against JPMorgan Chase, which agreed to pay 290 million dollars to victims, and against Deutsche Bank, for 75 million dollars (Boies Schiller Flexner).

A financial structure still unclear for victims

Unlike the bank settlements, where the money comes from large, solvent institutions, the deal with the Epstein estate depends directly on the value of the deceased financier's remaining assets. This factor introduces additional uncertainty about the real amount that will actually be paid to each victim once legal fees are deducted.

No precise breakdown of the number of victims covered by this specific 35-million-dollar settlement has been made public at this stage, which limits the ability to assess the real scale of individual compensation.

The silence around the exact number of victims covered by this specific settlement bothers me. Total amounts get announced freely, the actual breakdown never does. That is exactly the kind of vagueness that feeds, rightly or wrongly, public distrust of this case.

Amounts that vary considerably by institution

This 35-million-dollar settlement fits into a much larger series of financial compensation tied to Jeffrey Epstein's activities. In 2023, a judge approved a 290-million-dollar settlement between JPMorgan Chase and victims, a sum that could compensate close to 200 people (Seattle Times).

More recently, Bank of America agreed to pay 72.5 million dollars to resolve similar allegations, a settlement whose precise terms were not made public until March 2026, several weeks after it was actually finalized (BBC News).

The difficulty of identifying all potential victims

As part of the Bank of America settlement, lawyers estimated that up to 75 women could be entitled to compensation. Judge Jed Rakoff, who is overseeing this separate case, ordered the lawyers to prepare an exhaustive list of publications that could be used to notify potential victims, estimated to number in the hundreds (Al Jazeera).

This difficulty in identifying every victim, years after the fact, illustrates the scale of the network Epstein built and the inherent slowness of any judicial redress process at this scale.

Seven years after Epstein's death, people are still searching for victims who may not even know they are entitled to compensation. That should remind us just how vast this network was, and just how much the pace of justice here fails to match the moral urgency of the situation.

What American justice has established so far

Precedents weighing on this new case

The most significant precedent remains the Deutsche Bank settlement, given final approval by judge Jed Rakoff in 2023, for 75 million dollars. In that case, the lawyers representing the victims secured fees equal to 30% of the settlement amount, or 22.5 million dollars (CNN).

If a similar percentage applied to the 35-million-dollar settlement with the Epstein estate, that would mean a substantial share of the total sum would go to legal fees rather than to the victims themselves, a reality rarely highlighted in media coverage of these settlements.

No complete government report to date

It must be stated clearly: as of this writing, no exhaustive government report detailing the full network of Epstein's accomplices, clients, or facilitators has been made public by U.S. federal authorities. Civil settlements, however significant, are not a substitute for a complete and transparent criminal investigation.

This absence of a comprehensive official document has for years fueled legitimate questions about the transparency of the judicial process, without that justifying the unverified theories that sometimes circulate on social networks.

I will say it plainly: I have no proof of an organized cover-up at the top of government, and I am not going to invent one to make this article more striking. But the persistent absence of a complete report, years after the fact, legitimately fuels public distrust, and that distrust deserves to be named, not mocked.

The lasting political fallout of the case

Accusations that keep resurfacing

The Epstein case continues to send political shockwaves well beyond the civil courts. Recent articles mention accusations against prominent American political figures, without those accusations necessarily having led to formal legal proceedings so far (The Guardian).

This persistence of the topic in American public debate, seven years after Epstein's death in custody, shows just how much this case remains a major point of political tension, independent of the financial settlements underway.

The duty of rigor in a sensitive case

In a case this emotionally and politically charged, factual rigor must take precedence over sensation. Every claim made in this investigation rests on public court documents or verifiable press articles, never on rumors or unconfirmed anonymous sources.

It is this demand for evidence that must continue to guide coverage of this case, precisely because the stakes, for the victims as much as for public trust in the justice system, are considerable.

On a subject like this, the temptation toward sensationalism is enormous. I would rather be boring and accurate than spectacular and sloppy. The victims in this case deserve coverage that respects the facts, not coverage built to sell clicks.

What to watch for between now and September 2026

The final hearing, a pivotal moment in the case

The date of September 16, 2026 marks the next crucial milestone in this case. It is at that hearing that judge Arun Subramanian will have to rule on final approval of the 35-million-dollar settlement, after reviewing any objections filed by interested parties or by victims themselves.

A rejection or substantial modification of the deal at this stage cannot be ruled out, as has happened in other similar cases where judges required adjustments before finally validating the proposed financial terms.

The question of the payout timeline for victims

Even with final approval in September, the actual timeline for paying out sums to victims is generally longer than the public tends to imagine. In the JPMorgan and Deutsche Bank cases, several additional months were needed after judicial approval before the first payments actually reached the plaintiffs concerned.

This administrative reality, rarely highlighted, means that even a favorable outcome in September would not guarantee an immediate settlement for the survivors of Epstein's network.

We love headlines announcing "35 million paid to victims," but the administrative reality is far slower and far less dramatic. I would rather tell you the uncomfortable truth than sell you an ending that has not happened yet.

The media's role in covering these settlements

Information that is often fragmented

Media coverage of the multiple settlements tied to Epstein suffers from notable fragmentation: each financial announcement, whether it concerns JPMorgan, Deutsche Bank, Bank of America, or the estate itself, is treated as an isolated event rather than as one piece of a much larger puzzle.

This fragmentation complicates matters for the public trying to understand the full scale of the compensation paid out, and sometimes fuels confusion between cases that are, in fact, legally distinct from one another.

The importance of distinguishing civil from criminal proceedings

A point often misunderstood by the public concerns the fundamental difference between these civil settlements, aimed at financially compensating victims, and any potential criminal proceedings, aimed at punishing identified perpetrators. Financial settlements generally involve no admission of criminal guilt by the institutions concerned.

This legal distinction, though technical, is essential to avoid any confusion about what these settlements actually represent in terms of justice delivered to victims.

I understand the temptation to blend everything together to simplify the story, but legal precision matters here more than ever. A civil settlement is not a criminal conviction, and conflating the two undermines the very cause of transparency being demanded.

Lessons for future similar cases

A settlement model that could set a precedent

The model adopted in the Epstein case, where financial institutions and estates negotiate collective settlements rather than facing prolonged individual trials, could serve as a reference for other sex trafficking cases involving complex financial networks in the future.

This precedent, if confirmed at the September 2026 hearing, could speed up the handling of similar cases by offering a proven framework for balancing speed of compensation with rigor of process.

Financial regulators' vigilance strengthened

These multiple settlements have also pushed American regulators to tighten their vigilance requirements for financial institutions regarding suspicious transactions from high-risk clients, a lesson drawn directly from the failures identified at JPMorgan and Deutsche Bank in the Epstein case.

This regulatory shift, while positive, comes years after the fact, which once again underscores the structural slowness with which the American system responds to this kind of financial and human scandal.

It took dozens of victims, several billion dollars in cumulative settlements, and nearly a decade for regulators to tighten the rules. That is better than nothing, but it is far from a victory worth celebrating.

Conclusion: a case that demands patience and vigilance

Neither downplaying nor dramatizing

This 35-million-dollar settlement represents a real, but partial, step in Epstein victims' long quest for justice. It is neither a complete resolution nor a cover-up operation, but a civil legal process running its course, with its usual delays and gray areas.

The September 16, 2026 hearing will determine whether this deal becomes final. Until then, caution is warranted against any claim presenting this settlement as a done deal or, conversely, as a maneuver designed to bury the case.

The demand for transparency remains intact

What this case demonstrates above all is that civil justice, however useful for financially compensating victims, does not replace the need for full institutional transparency regarding the entirety of Epstein's network. That demand, voiced by many for years, remains fully justified today.

This investigation will continue to be followed, with the same rigor, until the next legal steps provide concrete answers to the questions that remain unresolved.

I will close on this: justice for Epstein's victims is not measured in dollars paid, but in truth established. Both matter, but no amount, however large, will ever replace a complete, public report on the entire network.

By Maxime Marquette, columnist

Columnist's transparency note

Who I am and my acknowledged biases

I am a columnist and analyst, not a lawyer or a specialist in American civil law. My approach to this case favors factual rigor and a categorical refusal of unsourced conspiracy theories, in keeping with the demand for transparency a case of this kind requires.

What I do not know and my method

I do not know the exact breakdown of the settlement among the victims concerned, nor the outcome of the hearing scheduled for September 2026, which had not yet taken place at the time of writing. My work relies exclusively on public court documents and verified press articles, cross-checked across multiple independent sources.

Sources

Primary sources

Reuters — judge preliminarily approves 35-million-dollar settlement with Epstein estate — March 3, 2026

United States Department of Justice — court documents related to fraud and settlement cases

Secondary sources

National Today — Epstein estate reaches 35-million-dollar settlement with accusers — March 3, 2026

The Guardian — alleged Epstein victim accuses Trump — June 30, 2026

BBC News — Bank of America reaches settlement in Epstein case — March 28, 2026

Seattle Times — judge approves JPMorgan's 290-million-dollar settlement with Epstein victims

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Cite this article

Maxime Marquette (2026). The 35-million-dollar Epstein settlement still hanging in the balance. MadMax. https://mad-max.co/en/article/le-reglement-a-35-millions-de-l-affaire-epstein-toujours-en-suspens

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Maxime Marquette
Independent columnist

Maxime Marquette writes most of the analyses and columns published on MadMax — geopolitics, technology, and current events, no filler.

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This article was generated with AI assistance, under human supervision.

Investigation2204 words11 min read