EXCLUSIVE: Bill Cosby's alleged victims create 'defense fund' to help model Beverly Johnson and other accusers he called LIARS pay for defamation lawsuits he's filed against them

• Seven women currently suing Bill Cosby in federal court in Massachusetts, accusing the 78-year-old of defaming them in the press
• Cosby called them all liars over the accusations of sexual assault so he countersued them for defamation
• The fund, which is expected to raise hundreds of thousands of dollars, was started by several other of his alleged victims
• A board, which will be decided on by the group, will determine how the money is fairly distributed
• 'Even if he can prove that one of us is lying that doesn't mean that the other 55 are,' a source tells Daily Mail Online
• For more of the latest on Bill Cosby visit baucishotel.com/cosby

Several alleged victims of Bill Cosby have banded together to start a 'defense fund' to help pay the legal bills of the female accusers being countersued by the disgraced comic.

The fund is expected to raise hundreds of thousands of dollars in donations from sympathetic supporters across America who have been shocked by the flood of allegations against Cosby.

Seven women - Tamara Green, Therese Serignese, Linda Traitz, Louisa Moritz, Barbara Bowman, Joan Tarshis and Angela Leslie are currently suing Cosby in federal court in Massachusetts, accusing the 78-year-old of defaming them in the press by calling them all liars.

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The women came forward and shared their experiences with the comedian,  alleging he drugged and sexually assaulted them.

But Cosby countersued, accusing the women of conspiring to ruin his now-cancelled entertainment projects and insisted they made up their stories of abuse.

Last month, Cosby also added former model Beverly Johnson to the list of women he is suing for defamation.

The suit was brought against Johnson 'for her false, malicious, opportunistic and defamatory accusations that Mr. Cosby drugged her.'

A lengthy court battle will land these women with hefty legal bills and that's why a group of Cosby's alleged victims and supporters want to start a fund to help cover their defense.

One alleged victim, who asked not to be named, said: 'We plan to set up a crowd funding page to raise the money to help these women and any others that Bill Cosby decides to sue.

'We think it's the right thing to do and we believe we'll raise a lot of money because there's such national interest in this.

'We're putting the mechanical pieces together right now and then we hope to use social media to get the message out there.

'Any money left over will go to a charity that supports rape victims.'

The group, which will appoint a board to decide how the money is fairly distributed, also hopes to enlist some celebrity help in spreading the word about the fund.

Cosby is accused of sexually assaulting household names such as Johnson, 63, and supermodel Janice Dickinson, 60, who claims Cosby raped her in 1982.

The source said: 'The hope is that Cosby will think twice about suing any more of his accusers.

'He'll perhaps restrain himself from such a crazy strategy. Even if he can prove that one of us is lying that doesn't mean that the other 55 are.'

Cosby was charged with felony sexual assault, accused of drugging and sexually assaulting Temple University employee Andrea Constand in January 2004.

But the shamed comedian has also been accused by more than 50 other women of drugging and attacking them.