Newsdeck

Newsdeck

Epstein’s NYC Mansion Is Sold for $51 Million for Victims Fund

A residence belonging to Jeffrey Epstein at East 71st St. in Manhattan on July 8, 2019.

Jeffrey Epstein’s Manhattan mansion was sold for about $51 million to an undisclosed buyer, with the proceeds going to a compensation fund for women who accused the late financier of sexual abuse.

By Peter Jeffrey and Patricia Hurtado

Word Count: 295
(Bloomberg) — 

The East 71st Street home, where U.S. prosecutors say “hundreds if not thousands” of photos of nude and partly clothed girls were found, was sold this week, Daniel Weiner, a lawyer for the executors of Epstein’s estate, said in an email. The sale was reported earlier by the Miami Herald.

Denise George, the attorney general of the U.S. Virgin Islands, last month asked a probate judge there for an emergency freeze on the estate’s assets to make sure there’s enough for the victim payouts. The court denied the request, finding that the territory didn’t have standing in the matter. The estate completed the sale of the townhouse, at 9 East 71st Street, on March 9, Weiner said. Epstein was a longtime resident of the islands.

The value of the estate, reckoned at more than $600 million last year, has plummeted to less than $200 million, according to a lawyer for a group of women who say Epstein assaulted them. They sought to join the Virgin Islands’ effort to freeze the estate’s assets. The compensation fund has paid out more than $55 million to at least 150 eligible recipients, most of whom were assaulted as girls.

Epstein was charged with sex trafficking of minors and then found dead in his jail cell in Manhattan in August 2019 in what authorities ruled a suicide. Ghislaine Maxwell, long a close associate of Epstein, was arrested in July and is accused of luring his victims and participating in their abuse. She has pleaded not guilty.

© 2021 Bloomberg L.P.
Gallery

Comments - Please in order to comment.

Please peer review 3 community comments before your comment can be posted

We would like our readers to start paying for Daily Maverick...

…but we are not going to force you to. Over 10 million users come to us each month for the news. We have not put it behind a paywall because the truth should not be a luxury.

Instead we ask our readers who can afford to contribute, even a small amount each month, to do so.

If you appreciate it and want to see us keep going then please consider contributing whatever you can.

Support Daily Maverick→
Payment options

Daily Maverick Elections Toolbox

Feeling powerless in politics?

Equip yourself with the tools you need for an informed decision this election. Get the Elections Toolbox with shareable party manifesto guide.