(TheRedWire.com) – In 2019, billionaire financier and convicted pedophile Jeffrey Epstein died in a Manhattan prison cell from a suspected suicide. He was awaiting trial for trafficking minors for sex. In 1998, Epstein purchased two islands in the US Virgin Islands. He bought Little St. James for $7.95 million and Great St. James for $22.5 million. An attorney for Epstein’s estate confirmed the islands are now for sale. The whopping price tag is $125 million.
The money raised from the sale will resolve any outstanding lawsuits and cover the costs of the estate’s operations. The estate will also use the funds raised to pay any tax claims against the property and any creditors or other parties to whom the estate owes money. The islands are approximately 230 acres combined. The smaller one has a primary residence, four villas for guests, a helicopter pad, two swimming pools, and three beaches.
Epstein's private islands on market for $125M: report https://t.co/HZjybmzgRK pic.twitter.com/fQWpslal6y
— The Hill (@thehill) March 23, 2022
Epstein’s victims have already received approximately $121 million in compensation through the Epstein Victims’ Compensation Program, which ceased operations in August 2021. Victims of the deceased financier allege Epstein used the US Virgin Island properties to exploit underage girls sexually discreetly.
The Epstein estate also owns properties in Paris, Palm Beach, New Mexico, and the Virgin Islands.
Copyright 2022, TheRedWire.com