Simone Biles and other Larry Nassar victims to receive $533 million in sex abuse settlement

Gold medalists Simone Biles, Aly Raisman and McKayla Maroney and a host of other gymnasts will be paid $533 million by USA Gymnastics.

USA Gymnastics and the US Olympics committee agreed Monday to give $380 million ($A 533 million) to victims of Larry Nassar’s sex abuse, the Wall Street Journal reported.

The New York Post reports gold medallists like Simone Biles, Aly Raisman and McKayla Maroney will receive money in the settlement after it was revealed that team doctor Nassar had been repeatedly abusing gymnasts like the three for decades.

Olympians Simone Biles, Aly Raisman and McKayla Maroney will receive payment in the settlement. Picture: Saul Loeb/POOL/AFP.

Nassar, 58, a former Michigan State University and USA Gymnastics doctor, has been accused of sexual abuse under the guise of medical treatment by more than 260 women.

He will rot in prison until death with sentences totalling hundreds of years for criminal sexual conduct and child pornography convictions.

Ending a five-year legal battle, the agreement is the largest ever for sex abuse victims, according to the WSJ, which said TIG Insurance Company will pay a majority of the sum.

Larry Nassar was accused of sexual abuse under the guise of medical treatment by more than 260 women. Picture: Rena Laverty/AFP.

USA Gymnastics filed for bankruptcy in 2018, unable to deal with the volume of lawsuits the organisation was facing.

Former gymnasts have since ripped the organisation for being complicit in the abuse.

The FBI also came under fire for its role in the investigation when the Department of Justice’s inspector general found the bureau made mistakes that allowed Nassar to keep abusing dozens of girls before he was finally arrested.

High-profile victims of Larry Nassar spoke about the way their abuse was ignored by USA Gymnastics and the United States Olympic and Paralympic Committee. Picture: Saul Loeb/ POOL/AFP.

In an emotional September Senate hearing, high-profile victims of Nassar spoke about the way their abuse was ignored.

“I believe without a doubt that the circumstances that led to my abuse and allowed it to continue are directly the result of the fact that the organisations created by Congress to oversee and protect me as an athlete, USA Gymnastics, and the United States Olympic and Paralympic Committee, failed to do their jobs,” Biles said, alleging the organisations knew what was going on and did nothing.

“After telling my entire story of abuse to the FBI in the summer of 2015, not only the FBI did not report my abuse, but when they eventually documented my report 17 months later, they made entirely false claims about what I said,” Maroney said.

This article originally appeared in the New York Post and was reproduced with permission.

Originally published as Simone Biles and other Larry Nassar victims to receive $533 million in sex abuse settlement