Friday 5 May 2023

Billionaire Buys Epstein's Islands: For Half Price!

Billionaire Stephen Deckoff snaps up dead pedophile Jeffrey Epstein's two private islands for $60million - including one where he sexually abused children – to develop state of the art luxury resorts

  • Jeffrey Epstein's infamous Caribbean islands finally have a new owner 
  • Private equity mogul Stephen Deckoff paid less than half of initial asking price 
  • Deckoff, who said he never met Epstein, has plans to develop a 25-room resort 

Two private islands previously owned by pedophile Jeffrey Epstein have finally been snapped up by a billionaire after more than a year on the market. 

Epstein's infamous Caribbean islands - one of which is dubbed 'Pedophile Island' - have been bought by billionaire Stephen Deckoff for $60million - less than half of their $125m initial asking price.

Mr Deckoff, the founder of private equity firm Black Diamond Capital Management, has announced plans to develop a state of the art luxury 25-room resort on the land in the US Virgin Islands.

The two private islands, known as Great St. James and Little St. James, first hit the market as a package deal for $125m in March 2021, but this was cut to $55m a piece - or $110m for the pair.

Little St. James is the infamous island where Epstein - who died in a Manhattan jail in 2019 aged 66 - built his lavish compound to host orgies and traffic underage girls. 

Two private islands previously owned by pedophile Jeffrey Epstein have finally been bought after more than a year on the market

Two private islands previously owned by pedophile Jeffrey Epstein have finally been bought after more than a year on the market 

Little St. James (pictured) is the infamous island where Epstein - who died in a Manhattan jail in 2019 aged 66 - built his lavish compound to host orgies and traffic underage girls

Little St. James (pictured) is the infamous island where Epstein - who died in a Manhattan jail in 2019 aged 66 - built his lavish compound to host orgies and traffic underage girls

Great St. James Island (above) is more than double the size of Little St James but is largely undeveloped

Great St. James Island (above) is more than double the size of Little St James but is largely undeveloped

Government documents show that Little St. James Island, which sits on 70 acres of land located a little over a mile from St Thomas - a tropical island near Puerto Rico - was purchased by one of Epstein's companies in April 1998 for $7.95million. 

Nearby Great St. James, through roughly twice as big at 160-plus acres, is largely undeveloped, and Epstein purchased it primarily to keep tourists away from his hideaway. 

In 2016, Epstein spent $18million on Great St. James Island, which once was popular with locals and tourists for its main attraction, the Christmas Cove nature preserve.

Virgin Islands prosecutors in 2020 accused Epstein of bringing girls as young as 11 to the islands and sexually assaulting them.

Mr Deckoff, who has lived in the US Virgin Islands since 2011, says that he never met Epstein and had not stepped foot onto his land until they were marketed following the financier's death.

Speaking about his acquisition of the islands, Mr Deckoff, who has a net worth of $3 billion according to Forbes, said: 'I've been proud to call the U.S. Virgin Islands home for more than a decade and am tremendously pleased to be able to bring the area a world-class destination befitting its natural grace and beauty.'

Mr Deckoff made his fortune in private equity, progressing through several firms including Drexel Burnham Lambert, Bear Stearns and Kidder and Peabody & Co. before building Black Diamond Capital.

Mr Deckoff, who has lived in the US Virgin Islands since 2011, says that he never met Epstein (pictured) and had not stepped foot onto his land until they were marketed following the financier's death in 2019

Mr Deckoff, who has lived in the US Virgin Islands since 2011, says that he never met Epstein (pictured) and had not stepped foot onto his land until they were marketed following the financier's death in 2019

In 2016, Epstein spent $18million Great St. James Island (above), which once was popular with locals and tourists for its main attraction, the Christmas Cove nature preserve

In 2016, Epstein spent $18million Great St. James Island (above), which once was popular with locals and tourists for its main attraction, the Christmas Cove nature preserve

Government documents show that Little St. James Island, which sits on 70 acres of land located a little over a mile from St Thomas, was purchased by one of Epstein's companies in April 1998 for $7.95million

Government documents show that Little St. James Island, which sits on 70 acres of land located a little over a mile from St Thomas, was purchased by one of Epstein's companies in April 1998 for $7.95million

Pictured: Little St. James Island. Mr Deckoff has plans to turn the islands into a luxury resort

Pictured: Little St. James Island. Mr Deckoff has plans to turn the islands into a luxury resort

Facilities at Great St. James Island are seen in an aerial view in a picture taken in July 2019

Facilities at Great St. James Island are seen in an aerial view in a picture taken in July 2019

Little St. James Island, one of the former properties of financier Jeffrey Epstein, is seen in an aerial view in July 2019

Little St. James Island, one of the former properties of financier Jeffrey Epstein, is seen in an aerial view in July 2019

In a press release today, SD Investments LLC - a firm founded by Mr Deckoff - said that 'a significant portion of the sale proceeds are being paid to the Government of the U.S. Virgin Islands under a previously announced settlement agreement between the government and Mr. Epstein's estate.'

Under the settlement announced by the Virgin Islands Department of Justice in December, half of the proceeds from the sale of Little St. James, 'the island on which Epstein resided and on which many of his crimes occurred', will be put in a trust to provide support for sexual abuse victims.

Epstein's estate also agreed to pay $105m to the US Virgin Islands to settle sex trafficking and child exploitation claims - and and another $450,000 payment 'to remediate environmental damage around Great St. James,' where Epstein 'razed the remains of centuries'-old historical structures of enslaved workers to make room for his development.'

Mr Deckoff is currently retaining architects and engineers to develop the resort - which he hopes will open in 2025.

Epstein threw parties for the rich and famous on Little St James, with celebrities from Prince Andrew to Stephen Hawking among his guests. Pictured: Jeffrey Epstein is massaged by his assistant Sarah Kellen at his private island

Epstein threw parties for the rich and famous on Little St James, with celebrities from Prince Andrew to Stephen Hawking among his guests. Pictured: Jeffrey Epstein is massaged by his assistant Sarah Kellen at his private island

Ghislaine Maxwell is pictured having a meal at Epstein's mansion on Little St James Island in this undated photo

Ghislaine Maxwell is pictured having a meal at Epstein's mansion on Little St James Island

A picture released at Ghislaine Maxwell's trial show the idyllic island of Little St James with the sprawling Epstein mansion

A picture released at Ghislaine Maxwell's trial show the idyllic island of Little St James with the sprawling Epstein mansion

The LinkedIn co-founder Reed Hoffman, 55, went to Little St. James – which has been dubbed 'pedophile island' – on one occasion

LinkedIn co-founder Reid Hoffman, 55, went to Little St. James – which has been dubbed 'pedophile island' – on one occasion

former Harvard University president Lawrence Summers asked Epstein for $1million to fund an online poetry project for his wife
Hoffman traveled to the island with Joi Ito, the then-MIT Media Lab director, who had asked Hoffman and Epstein to help raise funds for MIT

Hoffman traveled to the island with Joi Ito (right) the then-MIT Media Lab director, who had asked Hoffman and Epstein to help raise funds for MIT. Documents also revealed that former Harvard University president Lawrence Summers (left) asked Epstein for $1million to fund an online poetry project for his wife

Oscar-winning movie director Woody Allen, attended dozens of dinners with his wife, Soon-Yi Previn, at Epstein's mansion and invited him to film screenings

Oscar-winning movie director Woody Allen, attended dozens of dinners with his wife, Soon-Yi Previn, at Epstein's mansion and invited him to film screenings

Hoffman also reportedly planned to stay the night in Epstein's townhouse in December 2014, before planning to attend a 'breakfast party' with Epstein and Bill Gates

Hoffman also reportedly planned to stay the night in Epstein's townhouse in December 2014, before planning to attend a 'breakfast party' with Epstein and Bill Gates


Jes Staley pictured in 2020 in Davos, Switzerland. Staley is accused of abusing at least one victim himself, according to a court ruling shared late on Monday

Former Barclays Boss Jes Staley pictured in 2020 in Davos, Switzerland. Staley is accused of abusing at least one victim himself, according to a court ruling shared late on Monday 

Jes Staley (left) with Jeffrey Epstein in 2011. The picture was taken after Epstein was convicted of soliciting prostitution from underage girls in 2008

Jes Staley (left) with Jeffrey Epstein in 2011. The picture was taken after Epstein was convicted of soliciting prostitution from underage girls in 2008

Jeffrey Epstein attends Launch of RADAR MAGAZINE at Hotel QT on 18 May 2005 in New York

Jeffrey Epstein attends Launch of RADAR MAGAZINE at Hotel QT on 18 May 2005 in New York

Jamie Dimon, the CEO of JPMorgan Chase, will testify at the end of May about his bank's dealings with Jeffrey Epstein
Larry Page, who co-founded Google, is also being sought for questioning. Epstein allegedly tried to convince Page to bank with JPMorgan

JPMorgan CEO Jamie Dimon (left) has agreed to testify about Epstein, while Google co-founder Larry Page (right) is being sought for questioning

Prince Andrew, who has denied all wrongdoing, is understood to be mentioned in the papers. Epstein victim Virginia Roberts (pictured with the prince and Ghislaine Maxwell) claimed she was forced to have sex with the prince when she was 17

Prince Andrew, who has denied all wrongdoing

Prince Andrew and Jeffrey Epstein were friends for years until Andrew cut ties in 2011, seven months after the pair were pictured strolling in New York's Central Park

Prince Andrew and Jeffrey Epstein strolling in New York's Central Park

Other high-profile men who have been associated with the pedophile include Bill Gates and Bill Clinton, though it is unclear if they will be mentioned

Bill Clinton

Maxwell and Epstein were lovers but then she began procuring young girls to act as masseuses for the disgraced financier

Maxwell and Epstein were lovers

Maxwell was arrested at her bolthole in New Hampshire in July 2020. She is now serving 20 years in federal prison for her role in the Epstein scandal

Maxwell is now serving 20 years in federal prison

Dozens of documents relating to Jeffrey Epstein's associate are to be unsealed, a judge ruled today

Billionaire hotel magnate Tom Pritzker objected to the unsealing of the documents

Among those whose names are mentioned in the documents are billionaire hotel magnate Tom Pritzker, who objected to the unsealing.

Former Barclays and JP Morgan exec Jes Staley
Billionaire pedophile Jeffrey Epstein

Former Barclays and JP Morgan exec Jes Staley (pictured left) has been accused of being an operative in the late billionaire pedophile Jeffrey Epstein's sex ring in a lawsuit

Staley had quit Barclays in November 2021 after the bank's board said it was 'disappointed' with the outcome of a report into his links to convicted sex offender Epstein

Staley quit Barclays in November 2021 after the bank's board said it was 'disappointed' with the outcome of a report into his links to convicted sex offender Epstein

Jes Staley (left) at Jeffrey Epstein's mansion in New York in 2011. Pictured (from left): Mr Staley; former Treasury Secretary Lawrence Summers; Epstein; Bill Gates, Microsoft's co-founder; and Boris Nikolic, who was the Bill and Melinda Gates Foundation's science adviser

Jes Staley (left) at Jeffrey Epstein's mansion in New York in 2011. Pictured (from left): Mr Staley; former Treasury Secretary Lawrence Summers; Epstein; Bill Gates, Microsoft's co-founder; and Boris Nikolic, who was the Bill and Melinda Gates Foundation's science adviser


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