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Epstein signed his will on Aug. 8, 2019, two days before killing himself in a Manhattan jail cell while awaiting trial on sex trafficking charges. His estate’s executors have since been selling assets to pay victims.
Once valued at around $630 million, the estate ended December with approximately $240 million of assets.
According to a statement provided by the executors’ lawyers, the “great bulk” of the remaining assets – including homes, aircraft and private investments – are illiquid, and the coronavirus pandemic has hamstrung efforts to sell them.
It also said the estate has spent heavily defending against civil litigation, including “fraudulent” ownership claims for Epstein’s home in Palm Beach, Florida.
The executors nonetheless have a “full expectation” the compensation program will soon return to normal, the statement said.
Payouts began after Denise George, attorney general of the U.S. Virgin Islands, where Epstein also had a home, received assurances that Epstein’s accusers would be treated fairly.
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