Jeffrey Epstein’s properties on the US Virgin Island can be sold to help pay victims’ funds

Epstein maintained a home in Little St. James, which he acquired in 1998, and bought in the vicinity of Great St. James in 2016, according to a lawsuit opened last year.

Dan Weiner, the estate’s lawyer, told CNN in a written statement that the estate’s co-executors received “expressions of interest from various parties regarding the two USVI properties, and 2-3 bona fide offers to buy them. “.

The proposed sale of the properties comes after program administrators for the victims’ fund announced on Friday that they were suspending payments because the property was running low on money. Because of “uncertainty” about financing, the program said it is maintaining compensation determination offers until March 25 or later, depending on when the property can provide the funds necessary to finalize payments, according to a press release. from the bottom.

“The Estate has found its way to pay lawyers, landscaping and helicopter fees, but not the brave women who have come forward to participate in the compensation fund,” said US Virgin Islands Attorney General Denise N. George. “It is, unscrupulously, another promise made and broken by Epstein and now, his estate.”

The compensation fund for alleged victims of Jeffrey Epstein interrupts payments
The attorney general filed a pledge against Epstein’s estate in January 2020 after opening a case against the estate, court documents show.

George’s office filed an emergency motion on Friday to freeze all property assets, which was granted by a judge the same day. The order states that co-executors may not “make or approve any expenditure of funds or disposal of any asset (s)” owned by Epstein without the court approving such transactions.

In addition to the islands, Epstein’s property has several properties for sale, including a ranch in New Mexico, a Palm Beach mansion and Epstein’s seven-story, ten-bedroom mansion on Manhattan’s Upper East Side.
Described as the largest single-family home in New York City, the mansion was originally listed for $ 88 million, but the price has dropped to $ 65 million, according to a listing by the Modlin Group.
Epstein’s Victim Compensation Program was established in June 2020 after his lawyers requested to start a program to avoid litigation. It received more than 150 complaints and paid $ 55 million to the complainants, according to program administrators. Weiner says the estate funded the program with more than $ 87 million to pay applicants, in addition to separate payments that cover the fund’s ongoing operations.

The registration date for new applicants ended on February 8, and all claims must be filed by March 25. There have been no discussions to extend these deadlines yet, but an extension is not off the table if the payment break continues after March 25, a program spokesman told CNN.

Epstein is accused of transporting underage girls to their homes in the U.S. Virgin Islands and forcing them to work with sex from 2001 to 2018, according to a lawsuit filed by George’s office.
The multimillionaire had previously been charged in a federal criminal case alleging that he ran a sex trafficking company in his homes in Manhattan and Palm Beach, Florida.

Epstein, 66, died of suicide in August 2019 while awaiting federal trial at the Metropolitan Correction Center in New York City. He had pleaded not guilty to the charges.

Eric Levenson of CNN contributed to this report.

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