x

Society

Records: Epstein Signed Will 2 Days Before Jailhouse Suicide

August 20, 2019

NEW YORK — Jeffrey Epstein signed a will just two days before he killed himself in jail, new court records show, opening a new legal front in what could be a long battle over the financier’s fortune.

Court papers filed last week in the U.S. Virgin Islands list no details of beneficiaries but valued the estate at more than $577 million, including more than $56 million in cash.

The existence of the will, first reported by the New York Post, raised new questions about Epstein’s final days inside the Metropolitan Correctional Center, where he was awaiting trial on federal sex trafficking and conspiracy charges.

Epstein signed the document Aug. 8. Less than 48 hours later, he was found dead in his cell, prompting an investigation that has cast a harsh light on staffing shortages at the Manhattan detention center.

Prosecutors on Monday moved to dismiss the indictment against Epstein but have said they are considering charging others with facilitating his alleged abuse of dozens of girls.

The filing of the will, meanwhile, had been closely followed by lawyers representing women who claim they were sexually abused by Epstein when they were teenagers and recruited into his residences to provide him massages.

Several attorneys vowed to go after his assets even if the will had named beneficiaries, as Epstein’s death means there will be no trial on the criminal charges against him. One woman filed suit against the estate last week, claiming Epstein repeatedly raped her when she was a teenager.

“Give his entire estate to his victims. It is the only justice they can get,” one of those lawyers, Lisa Bloom, wrote in an email. “And they deserve it. And on behalf of the Epstein victims I represent, I intend to fight for it.”

Former federal prosecutor David S. Weinstein, who is now in private practice in Miami but not involved in the Epstein case, said states and U.S. territories have certain timeframes within which to make a claim against someone’s estate.

“There are certainly going to be a lot of lawyers involved,” Weinstein said. “It’s not going to be over any time soon.”

A hedge fund manager who hobnobbed with the rich and famous, Epstein owned a Caribbean island, homes in Paris and New York City, a New Mexico ranch and a fleet of high-price cars.

Epstein had more than $112 million worth of equities, according to the will, and nearly $200 million in “hedge funds & private equity investments.” Among the properties that will be subject to appraisal and valuation are his collection of fine arts, antiques and other collectibles.

As part of his 2008 plea deal to Florida state charges, Epstein made undisclosed financial settlements with dozens of his victims. It’s unclear how those settlements might affect any claims made on his estate.

William Blum, an attorney for Epstein’s estate, said in a statement to The Associated Press that any debts or claims against the estate will be “fairly administered.” He said the document was Epstein’s original last will.

___

By JIM MUSTIAN and CURT ANDERSON Associated Press

Curt Anderson reported from Fort Lauderdale, Florida.

RELATED

Despite constant efforts to show it’s not a haven for the rich and criminals to hide their cash, Cyprus was once again rebuked for money laundering and financial interests, this time by the European Commission.

Top Stories

Columnists

A pregnant woman was driving in the HOV lane near Dallas.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

Video

A Palestinian Baby in Gaza is Born an Orphan in an Urgent Cesarean Section after an Israeli Strike

RAFAH, Gaza Strip (AP) — Sabreen Jouda came into the world seconds after her mother left it.

VILLA MADERO, Mexico — As a drought in Mexico drags on, angry subsistence farmers have begun taking direct action on thirsty avocado orchards and berry fields of commercial farms that are drying up streams in the mountains west of Mexico City.

ATHENS – The world-famous humanoid robot Sophia filled the auditorium of the American Community Schools of Athens April 23, fascinating many in the audience.

ATHENS - The exact burial site of Plato has been identified, thanks to research conducted by the Italian Research Foundation, based on papyri from the site of Herculaneum, near Naples.

ATHENS - S&P credit rating agency upgraded Greece’s outlook to 'positive' from 'stable' on Friday, April 19, 2024 while maintaining the investment-grade rating of BBB-.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.