Jeffery Epstein reported his own worth in assets before committing suicide in his cell last week. The convicted pedophile and then later defendant in a sex trafficking case involving minors claimed he was worth $559 million.
Fox Business reported on Epstein attempting to be released on bail.
Before his death by apparent suicide, Epstein’s lawyers appeared at a bail hearing in mid July and said the 66 year old was ready to post as much as $100 million to get out of jail before going on trial. Prosecutors had argued Epstein’s wealth and access gave him a “limitless” potential to flee.
Judges have flexibility when it comes to releasing documents involved in trials or establishing a gag order on the participants until after the case is over. In this situation, the judge released the financial documents that Epstein submitted to the court.
Epstein reported that he possessed $56 million in cash and that his fixed income was valued $14 million. Even after his 2008 conviction for soliciting sex from a minor and admitting the New York Times that he had sex with “teens and tweens, ” Epstein maintained contact with the top players in the finance world. When he died, Epstein self-reported his hedge fund and private equity amount to be $194 million.
It is well known that Epstein is being accused of having “sex parties” at his properties located all over the globe. He died in a jail cell at the Manhattan Detention Center, which was a much different environment than his Manhattan townhouse that was worth $55.9 million. When Epstein was arrested this last time, he was returning from France, where he owns an eight million dollar home. Epstein also owned an island in the U.S. Virgin Islands that is worth $85 million.
Epstein was found dead in his cell awaiting his trial after being denied bail. Epstein was described as a severe flight risk due to his financial capabilities and connections. The last time the victims were denied justice, Epstein escaped with his property intact, but not only did he die, but his properties and accounts are also going to be delicately redistributed to his victims.
The victims’ lawyers are continuing to press on in the civil matter.
Predator Jeffrey Epstein killed himself. On behalf of the victims I represent, we would have preferred he lived to face justice.
Our civil cases can still proceed against his estate. Victims deserve to be made whole for the lifelong damage he caused. We’re just getting started.
— Lisa Bloom (@LisaBloom) August 10, 2019
The U.S. Attorney’s Office will also continue to investigate Epstein’s transgressions and is currently looking for other people involved in the sex trafficking of minors. The Miami Herald reported on their press release here:
“To those brave young women who have already come forward and to the many others who have yet to do so… we remain committed to standing for you, and our investigation of the conduct charged in the indictment — which included a conspiracy count — remains ongoing.”
Victims may not be the only ones laying claim to part of the estate. Wasting no time, an organization called Morse Genealogical Services unveiled a website soliciting information regarding unknown children potentially fathered by Epstein.
“We have reason to believe that based on his [Epstein’s] behavior that there may be some unidentified children that are out there and as such, they would likely be entitled to claim against the estate,” said Ari Morse, a representative of genealogical research firm.
If anyone comes forward, the firm would combine various techniques, including DNA testing and in-depth movement histories of both Epstein and their client, to help stake the person’s claim to part of the estate.
The prosecutors admit that dividing up what Epstein owned will be difficult, but with Epstein dead, breaking down his empire and giving pieces of it to his victims is the only opportunity for justice they have left.
Do you think more people will be arrested in connection with Epstein’s sex trafficking?