Jeffrey Epstein’s executor, a longtime adviser to both deceased financial firms, could receive millions of dollars in payments long after his death, officials in the U.S. Virgin Islands said in a proceeding on Friday. Stated.
According to a lawyer by Denise George, Attorney General of the U.S. Virgin Islands, payments to executors Darren Indike and Richard Kahn are for Butterfly, an investment vehicle founded by Epstein in 2013. Associated with the trust.
A court filing by Virgin Island authorities raises questions about the transfer of millions of dollars from a trust originally established by Mr. Epstein to several trusts that stood to benefit the executor. did.
The remittance took place almost a year after Epstein committed suicide in a Manhattan cell and George’s office sued Epstein’s property.
The Butterfly Last According to Filing, he first received a $ 13 million wire transfer in April 2020 after the liquidation of another investment fund funded by Mr. Epstein. Part of that money was remitted a few months later to three newly established entities. Two of them list Mr. Indike, Mr. Khan, and their spouse as beneficiaries.
George and her lawyer should submit a discovery request to a Virgin Islands judge to ensure that no other real estate assets have been transferred to “enrich” the executor. I asked for real estate.
“The government has said that considerable money that had been kept secret from the government has been transferred to the interests of co-executors in a clear effort to enrich themselves and protect these assets from recovery. I found it, “said Filing.
The executor also did not disclose the multi-million dollar loan he received from Mr Epstein, Filing said.
Mr. Indike was Epstein’s private lawyer and Mr. Khan was an in-house accountant. Real estate lawyer Daniel Weiner said the executor “resolutely rejected allegations of unfounded misconduct against them” and never received $ 13 million.
“The 2013 Butterfly Last mentioned in George’s submission today has nothing to do with Epstein’s property or the funds available to it,” he added.
The U.S. Virgin Islands sued Mr. Epstein’s property in January 2020, calling for local governments to regain at least $ 80 million in tax incentives that his Southern Trust company claims received through fraud and fraud. rice field. George was fooled by U.S. territory to give favorable tax incentives, allowing Epstein to use private island dwellings as a place to sexually abuse teenage girls and young women. Insisted.
According to New York banking regulators, Bataflight Last was used to pay people who helped Epstein recruit and care for teenage girls for abuse.
Mr. Epstein’s property was worth about $ 600 million at the time of his death, after paying more than 135 victims a $ 121 million settlement and nearly $ 200 million in federal taxes. Worth less than $ 185 million.
