The mansion that once belonged to Jeffrey Epstein has sold, and proceeds from the sale are going to replenish a fund for his victims.
As the New York Times reported, the sale of the seven-story Manhattan property brought in $51 million, which will go “to a fund providing restitution for the disgraced financier’s sexual abuse victims.” While that’s less than the $88 million initial asking price, the money will replenish a depleted fund for those victims, which has already paid out $55 million to dozens of Epstein’s accusers.
CNN added that the “independent administrator of the Epstein Victims’ Compensation Program (EVCP), Jordy Feldman, suspended claim payouts from the program on February 4 when she said the estate was too low on cash to support it. Feldman said she will lift the suspension once she evaluates the financial situation.”
“We are eager to resume issuing compensation offers as soon as possible,” Feldman stated in the CNN article. “Once we have more information about the amount of funds that will be made available to the Program and when, I will decide when we can lift the suspension and get back to full Program operations.”
Epstein earlier pled not guilty to federal charges stemming from an indictment accusing him of running a sex-trafficking ring of underage girls, some as young as 14. But before he could go on trial, he was found dead in his cell at the Metropolitan Correctional Center in August 2019, with New York City’s chief medical examiner ruling that Epstein’s death was a suicide.
The New York Times account added that “to date, about 150 women — most of whom claim they were sexually abused by Epstein as teenagers — have registered with the restitution fund to submit claims.”
Additional properties that once belonged to the disgraced financier, including ones in Paris and New Mexico, are being prepared for sale, while legal disputes are tying up additional Epstein properties in Florida and the U.S. Virgin Islands.