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How were the Central Park Five exonerated?

In 2002 Matias Reyes, a convicted murderer and rapist, confessed to the crime, and his DNA matched samples from the victim, Trisha Meili. This led to the vacating of the convictions of the Central Park Five. They were later awarded $41 million (roughly $1 million for each year they collectively spent in prison) by the city of New York.