Epstein’s property operators allegedly concealed $13 million to avoid paying victims
Two executors of Jeffrey Epstein’s estate have been accused of transferring some of the late billionaire’s assets on charges of pedophilia into a trust that could benefit them in the amount of as little as $13 million.
Darren Indyke, Epstein’s personal attorney, and Richard Kahn, the estate’s accountant, have long been accused of mismanaging the property to avoid paying victims.
According to the New York Times, the two have been accused of transferring millions of dollars to the Butterfly Trust, which Epstein started in 2013. Epstein’s infamous Little Saint James Island – which he owned from 1998 until his death in 2019 – under the jurisdiction of the Virgin Islands.
The transfer comes almost a year after Epstein committed suicide in his Manhattan cell.
‘The government discovered that substantial funds kept secret from the government were passed on to the benefit of co-executors in an apparent attempt to enrich themselves and block these assets. from recovery,” the filing reads.
Two executors of Jeffrey Epstein’s estate have been accused of transferring some of the late billionaire pedophile’s assets into a trust that could benefit them for as little as $13 million.
Darren Indyke (pictured right), Epstein’s personal attorney, and Richard Kahn (pictured left), the estate’s internal accountants have long been accused of mismanaging assets to avoid paying victims .
Epstein’s fortune is worth about $185 million, not even a third of the $600 million it was worth when Epstein died, thanks to more than $120 million in settlement payments to victims, as well as federal taxes.
Indyke and Kahn are also accused of failing to disclose several million dollars worth of loans provided to them by Epstein.
In April 2020, the Butterfly Trust received a $13 million wire transfer, 10 months after Epstein’s death.
Part of that money was transferred again later that year to three different entities, two of which benefit Indyke, Kahn, and their spouses.
Denise George, Attorney General of the Virgin Islands, is asking a judge to force Epstein’s estate to allow them to investigate where the money is going.
Denise George, Attorney General of the Virgin Islands, is asking a judge to force Epstein’s estate to allow them to investigate where the money is going
Epstein’s infamous Little Saint James Island – which he owned from 1998 until his death in 2019 – is under the jurisdiction of the Virgin Islands
Daniel Weiner, a solicitor for the Epstein estate, denied the charges on behalf of Indyke and Kahn, saying they ‘unequivocally reject the baseless claims of misconduct made against them’ .
Weiner insists neither Indyke nor Kahn have ever seen that $13 million.
He added: ‘The 2013 Butterfly Trust mentioned in today’s filing by Ms George has nothing to do with Mr Epstein’s estate or any funds available for it.’
These latest allegations continue a lengthy legal battle between Epstein’s assets and the organized territory.
In the revised complaint filed in February 2021, George accuses Indyke and Kahn of acting like ‘captains’ in his pedophilia operation, forcing some of the foreign victims into arranged marriages with the victims. America so that they can enter the United States.
She said Epstein threatened physical harm to three of his American victims to get them to marry three foreign victims and that ‘in each case, Indyke and Kahn knowingly facilitated the fraudulent and forced marriage, performing and securing related legal and accounting work, and enabling fraud would further bind Epstein’s victims to him and allow Epstein to continue to control and abuse sexually abuse these victims. ‘
An unnamed victim cited in the lawsuit said many of the girls she saw on Epstein’s island did not speak English, which is ‘Epstein’s preference because they speak less.’
The two law enforcement officers denied any involvement in sex trafficking.
“Neither Mr Indyke nor Mr Kahn were implicated in any of Mr Epstein’s misconduct at any time,” they said.
George sought to freeze the estate’s funds after it was announced in February 2021 that the administrator of the Epstein Victims Compensation Program would temporarily suspend payments as most assets are estimated at 240, The estate’s $8 million, down from a peak of about $634 million, is illiquid.
She said her ‘worst fear’ was realized when payments stopped and the estate was being mismanaged.
An overview of Jeffrey Epstein’s private island in the US Virgin Islands
‘The Estate sought to pay for attorneys’ fees, landscaping and helicopters, but not brave women stepped forward to participate in the compensation fund.
It was, unreasonably, another promise made and broken by Epstein and now his property.
Epstein was found to have arranged his affairs just two days before killing himself.
He named Kahn and Indyke as co-executives and his brother, Mark Epstein, 65, a millionaire real estate developer, is the sole heir to the company’s estimated $577 million fortune. he.
But it is from that fortune that the victims, who have lost the chance to have a court date against Epstein since prosecutors dropped the case, are now seeking compensation.
Federal prosecutors for the Southern District of New York, who led the case against Epstein, announced at the time of the suicide that the investigation would not end with his death and would now focus focus on the financier’s network of associates.
Epstein – who boasted of a host of celebrity friends including Prince Andrew and President Bill Clinton – was arrested in July 2019, accused of arranging sex with dozens of underage girls at his residence. his mansion in New York City and Florida from 2002 to 2005 He has pleaded not guilty to the charges.
A month later, he hanged himself inside his cell in New York City.