Jeffrey Epstein Executors Accused Of Funneling Millions For Personal Benefit
NEW YORK CITY, NY - MARCH 15: Jeffrey Epstein and Ghislaine Maxwell attend de Grisogono Sponsors The 2005 Wall Street Concert Series Benefitting Wall Street Rising, with a Performance by Rod Stewart at Cipriani Wall Street on March 15, 2005 in New York City.
Joe Schildhorn/Patrick McMullan via Getty Images

Executors of convicted sex offender Jeffrey Epstein’s estate have been accused by authorities of funneling about $13 million of the disgraced financier’s money to a trust that could lead to payouts for the two men.

According to authorities in the U.S. Virgin Islands, Darren Indyke and Richard Kahn, both executors of Epstein’s estate, could receive payouts linked to the Butterfly Trust, an investment tool set up almost ten years ago by the accused sex trafficker.

“The government discovered that substantial funds kept secret from the government were transferred for the benefit of the coexecutors in an apparent effort to enrich themselves and shelter these assets from recovery,” said a filing from the attorney general for the Virgin Islands Denise George.

Almost a year after Epstein was found dead in his New York City jail cell and authorities ruled his death a suicide, $13 million was transferred to the Butterfly Trust in April 2020.

This transfer came after one Epstein investment was liquidated, and then some of it was transferred to other holdings from the Butterfly Trust, according to The New York Times. Two of the entities that were transferred money were tied to the executors.

Epstein estate lawyer Daniel Weiner denied that the allegations against Indyke and Kahn were true and that both “categorically reject the baseless assertions of wrongdoing made against them.”

“The 2013 Butterfly Trust mentioned in today’s filing by Ms. George has nothing whatsoever to do with Mr. Epstein’s estate or any funds available to it,” he said.

New York bank regulators have stated that Epstein utilized the Butterfly Trust to pay individuals linked to his grooming of young girls for sexual abuse.

Litigation brought by authorities in the U.S. Virgin Islands has been ongoing against Epstein’s estate for several years as litigators claimed Epstein unfairly benefited from tax benefits. The deceased financier owned two islands there, one of them known as the so-called “pedophile island.”

The new filing against Indyke and Kahn comes almost a month after longtime Epstein companion Ghislaine Maxwell was sentenced to 20 years in prison after being convicted on multiple conspiracy and sex trafficking charges.

The sentencing comes two years after Maxwell, 60, was arrested at her secretive million-dollar home in New Hampshire and was brought to New York to face justice. She has been in federal custody ever since because she was denied bail.

Maxwell was convicted in December of conspiring with Epstein to recruit, groom, and sexually abuse young girls.

Ryan Saavedra contributed to this report.

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