Jeffrey Epstein pals could get huge payout as estate swells back to $145M after massive tax refund, upsetting victims: ‘Morally objectionable’
New York PostJAN 18
Epstein Estate Swells to $145M After Tax Refund
Above: Jeffrey Epstein's former home on the island of Little St. James in the US Virgin Islands. Image copyright: Emily Michot/Contributor/Miami Herald/Tribune News Service via Getty Images
The Facts
Jeffrey Epstein's estate received a $111.6M tax refund from the Internal Revenue Service (IRS) in late 2023, increasing its total value to $145M from a previous low of $40M, the New York Times reported on Wednesday, citing probate court filings in the US Virgin Islands.
The estate has already paid approximately $164M in settlements to nearly 200 sexual abuse victims, $105M to the Virgin Islands government, and settled various other claims including a $30M loan repayment.
The tax refund resulted from an estimated $190M payment made to the IRS in July 2020, based on overvalued assets that later sold for less than expected, including Epstein's Manhattan mansion which sold for almost $40M below asking price.
The Spin
Narrative A
Epstein's victims deserved justice and compensation from his estate years ago. His 2019 death and the creation of the secretive "1953 Trust" delayed restitution, while the estate's executors prioritized asset sales over timely victim payments. Despite settlements, survivors still face hurdles, from withheld FBI records to ongoing lawsuits, obstructing transparency and closure.
Narrative B
Epstein's victims remain blocked from justice because his sex trafficking operation was fueled by a vast network of powerful individuals and institutions still protected by wealth and influence. Big banks and tech companies facilitated his operations, avoiding accountability through settlements that hide key details. Full justice requires exposing all of his enablers.
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