Banks, estate & money
How about 150 survivors were paid $121 million, and what they gave up
RECORD / AT A GLANCE
Documented
Documented. The fund paid more than $121 million, and the number found eligible, about 150, is the best public measure of the scale of the abuse, though not a complete count.
THE EVENTS / THE INVESTIGATION / THE STORY
25 Jun 2020
The program begins taking claims under administrator Jordana Feldman.
9 Aug 2021
About 225 claims; about 150 found eligible; roughly $125 million awarded and over $121 million paid.
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The independent fund found about 150 eligible and paid more than $121 million; 92% accepted.
Who says it: The fund administrator.
Accepting an award meant giving up claims against the estate, not a gag order; many recipients have spoken publicly.
Who says it: Critics of the fund.
OPEN THE RECORD
Numbered citations in each article identify the relevant sources. These records have different purposes and evidentiary weight.
Report on the estate-funded, independently run compensation program.
Second report, with acceptance rates.
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Money for a release.
The program was paid for by the estate but run by an independent administrator who had worked on the 9/11 victims’ fund. Claimants did not have to prove their case in court; those who accepted an award released their claims against the estate. About 225 people applied, about 150 were found eligible and 92 percent accepted. Total awards were about $125 million. [1][2]
What we can’t tell you. Those who declined could still sue; the fund does not count every victim.
Report on the estate-funded, independently run compensation program.
Second report, with acceptance rates.
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