Goldman Sachs veteran trader Michael Daffey is seen in this undated handout photo in London, Britain.
Goldman Sachs via Reuters
Former Goldman Sachs chief executive Michael Daffey has bought a New York mansion this month for a whopping $ 51 million from the estate of the late sex offender Jeffrey Epstein, his spokesman said Tuesday.
“Mr. Daffey has never been in the house before and has never met his owner, but he believes a great deal of faith in the future of New York and will take the other side of all the people who say that the city’s best days can be in the past, “said Stu Loeser, spokeswoman for Daffey.
The sale of the 28,000-square-foot townhouse in Manhattan generated revenue for Epstein’s estate. It set up the start-up of a fund to pay self-identified victims of the mysterious money manager, who is accused of sexually abusing dozens of underage girls.
Prior to the purchase, the fund discontinued the compensation offer for victims’ payments because the estate had little cash. But payments were resumed on the heels of the sale of the 40-story, seven-story Upper East Side home last week.
A Jeffrey Epstein residence in East 71st street will be seen on July 8, 2019 in New York on the Upper East Side of Manhattan.
Kevin Hagen | Getty Images
Daffey paid the house with cash and a bridge loan, Loeser said.
Daffey retired from Goldman this month after 28 years at the firm. He was chairman of the investment bank’s world market division.
Business Insider first reported that Daffey was the buyer of the property, which was originally listed at a price of $ 88 million.
On Monday, the former Epstein mansion and property in Palm Beach, Florida, was sold for $ 18.5 million to its developer Todd Michael Glaser.
About $ 10 million from the sale of the Manhattan mansion went to the Epstein Victims Compensation Fund, which received more than 175 claims last week and paid out more than $ 65 million to qualifying claimants, according to the fund’s administrator, Jordy Feldman. . People who have already registered their claims can submit a request for compensation until March 25.
“I’m glad to report that the program can now start working again after this unfortunate and unexpected delay of a month,” Feldman said last week.
“I am eager to continue the important work of this program, and remain very committed to ensuring that all eligible claimants receive the compensation and validity they deserve.”
Jeffrey Epstein in Cambridge, MA in 1984.
Rick Friedman | Corbis News | Getty Images
British societalist Maxwell is also accused of taking herself along in testimony taken as part of a case by an Epstein accused.
Maxwell, who pleaded not guilty, is being held without bail in a federal jail in Brooklyn.
Her trial is expected this summer.