News/Commentary

Epstein estate forks over $150 million

November 15, 2023 | | Print Article

Jeffrey Epstein’s victims have received a whopping $150,000,000 from his estate in the four years since his reported suicide.

The new revelation shows just how much money is involved in the giant scandal that has rocked politicians and business people alike.

“There has been a total of $154,302,339.05 in payments to Epstein victims as of Sept. 30, according to the quarterly accounting filed in the Superior Court of the Virgin Islands as part of the estate’s ongoing probate case,” Inside Edition reported.

“Victims of Jeffrey Epstein have collected over $150 million from his estate in the four years since he passed away,” the outlet added. “A majority of those payments were made through the compensation fund that the estate created, which has paid $121,127,339.05 in ‘victim’s claims and other amounts,’ according to the most recent quarterly accounting filed by executors Darren Indyke and Richard Kahn.”

There have been a mountain of claims and Epstein’s estate is quickly being drained to compensate his alleged victims.

“An additional $33,175,000.00 has also been paid to settle claims outside the victims’ fund, according to the most recent quarterly accounting,” Inside Edition noted.

The payouts don’t stop there. His estate will also fork over $105 million in a settlement with the government of the U.S. Virgin Islands to resolve all claims in a civil case that was filed immediately following his death. The estate has transferred $10,996,054 from the sale of one of the two islands Epstein owned, Little St. James, and paid $99,477,909.25 of the settlement agreement.

There is also a $450,000 penalty for alleged environmental violations committed while he was developing one of his two islands located there. That obligation has now been paid according to estate reports.

“The latest filing also confirms the sale price of Epstein’s two islands, which sold in May to Stephen Deckoff. The billionaire investor, who plans to develop a luxury resort on the two islands, paid $27.45 million for Little St. James and $33.5 million for Great St. James,” Inside Edition noted.

“The sale of those islands means that the only piece of real estate that remains in Epstein’s portfolio is the small home in Valley Neck, New York, where two of his former employees live. The estate says that the value of that home is $585,000, despite Zillow pricing it at $680,000,” the outlet wrote.

“As of Sept. 30, the estate claims to have a total of $91,677,103.46 in assets. That is broken down as $9,513,316.68 in cash, $4,050.00 in jewelry and art, $3,432,264.00 in loans receivable, and $78,727,467.78 in entities owned by decedent,” Inside Edition detailed.

There are just a few court cases left concerning the Epstein estate that are now being adjudicated. Any remaining money left over after all the legal proceedings are finished will go to his brother Mark as directed in the billionaire’s will.

The estate will first have to repay a $30 million loan it took out to help pay off the Virgin Islands.

There is also Ghislaine Maxwell’s case. She is suing the estate for her legal bills.

The executors of Epstein’s estate are being sued as well and that will play into a potential settlement. The suit was placed by Cheri Pierson who is suing the estate and Epstein associate Leon Black, claiming that he raped her at Epstein’s home. Black denies that happened. A judge dismissed the Epstein estate as a defendant but the executors are still part of the suit.

Susan Estrich, who is Black’s attorney, said in a statement that the allegations “are categorically false and part of a scheme to extort money from Mr. Black by threatening to destroy his reputation.”

At one time there were over 50 cases against the estate. They have now been settled or dismissed except for the final three.

DONATE TO AMERICAN WIRE

If you are fed up with letting radical big tech execs, phony fact-checkers, tyrannical liberals and a lying mainstream media have unprecedented power over your news please consider making a donation to American Wire News to help us fight them.

$10
$15
$25
$50
Other
$
Thank you for your donation!
Latest posts by Terresa Monroe-Hamilton (see all)

Comment

We have no tolerance for comments containing violence, racism, profanity, vulgarity, doxing, or discourteous behavior. If a comment is spam, instead of replying to it please click the ∨ icon below and to the right of that comment. Thank you for partnering with us to maintain fruitful conversation.

Latest Articles