Latest / The Vault: The Epstein Files / The Contentious Nature Of The Battle Over Epstein's Estate (6/23/26)

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The Contentious Nature Of The Battle Over Epstein's Estate (6/23/26) · The Vault: The Epstein Files

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Speaker 1: What's up everyone, and welcome back to the Epstein Chronicles.
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Hope you're all having a great Monday out there, and
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hopefully you had a great weekend as well. Down in
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the Virgin Islands, Jeffrey Epstein's estate and the Attorney General
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of the Virgin Islands, Denise George. They have been engaged
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in this ongoing battle over finances and how the estate
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is allegedly spending the money, and there doesn't seem to
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be any quit in this fight anytime soon, as they
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continue to trade filings in court and continue to trade
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barbes in the news. So let's get into this article
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from the Virgin Islands Daily News and let's see what
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Suzanne Carlson has found out for us, headlined ag Epstein
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Co Executors still fighting over one hundred and fifty million
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dollars that's left in the estate. So the crazy part
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is that there's any money left in this estate at all.
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It should have all been dispersed to the survivors, but
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somehow the biggest winner here ends up being Uncle Sam.
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Like usual, they're gonna get their peace right, the government's
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getting their tax dollars, and there's no two ways about it.
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But the rest of the money that was left over,
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it shouldn't even be a discussion. Every last dollar should
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go to these survivors. But instead we've had Denise George
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out here for quite a while now trying to get
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money for the Virgin Islands. And for me, that would
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be a little more palpable, a bit more acceptable if
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it wasn't for government officials in the Virgin Islands facilitating
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Jeffrey Epstein's nonprofits and all the other stuff he was
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doing down there. It wasn't like he just came down there,
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showed up and you know, planted his flag and was like, look,
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I'm here, I'm gonna do whatever I want. There were
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people that were in the bureaucracy that were getting doled out,
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that were on the arm and because they were getting
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hooked up obviously Epstein had all of these beneficial you know,
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tax loopholes and the rest of it. And now for
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the Virgin Islands to think that they should get some
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of this money, I find it to be absurd. Honestly,
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every last dollar should have went to these survivors. The end.
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Virgin Island's Attorney General, Denise George continues to spar in
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court with attorneys for Jeffrey Epstein's co executors over what
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remains of the wealthy sex offender pedophiles the state. George
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is arguing that the co executors, Epstein's longtime attorneys, Richard
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Kahn and Darren and are trying to hide a state
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assets for themselves and maneuver millions through the twenty and
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thirteen Butterfly Trust. Now, the Butterfly Trust is pretty interesting
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because it was one of more than forty accounts that
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Epstein had over at Deutsche Bank, and through this Butterfly Trust,
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according to the authorities, he paid off co conspirators and
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he also paid off some of the people who were
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allegedly abused through this very trust. So it's interesting that
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they're bringing this up now. According to authorities who looked
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into Deutsche Bank and slapped them with the regulation penalties,
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they were saying that this created a risk of payments
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that could be used for Epstein to further cover up
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his crimes and in danger more women. But Deutsche Bank
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they never really cared, did they. They were in business
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with some of the worst of the worst. I mean,
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look at every oligarch around the world, the ones in
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America and elsewhere. How many of them had their money
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parked over at Deutsche Bank. There are no assets in
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the twenty thirteen Butterfly trusts that are assets of the estate,
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and accordingly, it is false to allege that the co
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executors have dissipated or concealed any estate assets, Reyes said
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in an email to the Daily News. And we all
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know that that's a bunch of bs, right. We all
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know that Epstein's attorneys here in dike Kan, they were
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a crucial part of what Epstein had going on. Jeffrey
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Epstein said it himself. So to think that these guys,
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you know, aren't moving money around or trying to play
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games is a bit of a stretch for me anyway.
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A wealthy sex offender pedophile, Epstein died by suicide allegedly
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in August twenty nineteen while awaiting trial on sex crimes.
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His estate was initially valued at over six hundred thirty
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six million dollars, but was worth one hundred and forty
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nine zero point fifty four million as of June thirtieth,
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according to the eleventh quarterly accounting of the estate filed
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and probate court on August first. So remember out of
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all that money that Epstein had that they knew about anyway,
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the survivors got roughly what one hundred and thirty million
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of it or so, So what happened to the other
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roughly four hundred million? Government got their piece, But where's
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the rest of this money? At Conn and Endeicker both
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named defendants in a lawsuit George filed against Epstein's estate
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in twenty twenty pursuant to the Criminally Influenced and Corrupt
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Organizations Act or CICCO, which claims they helped fund Epstein's
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sex trafficking with eighty million dollars in tax benefits Southern
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Trust Company received from the Virgin Islands Economic Development Commission.
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And that's crucial. Epstein didn't just pull them out of
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a hat, right, he received them from the Economic Development Commission. Now,
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what Denise George will say, and proponents of the Virgin
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Islands getting money will say, is that they did it
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on false pretenses. They came in there and they fooled
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these bureaucrats into thinking that Epstein was gonna do something
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to help the community. Blah blah blah, blah blah blah blah.
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But the reality is this all of these bureaucrats had
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their hands out, and then they took to Epstein's money
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and let him create all of these tax havens, basically,
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and they didn't get anything on the flip side for
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the community. And now when it's all been exposed, why
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should that money come out of the survivor's kitty. Why
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should that come out of their pot to fix what
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happened in the Virgin Islands breaking news The Virgin Islands
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let them down. The survivors didn't let the Virgin Islands down.
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The civil claim also includes environmental finds assessed by the
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Virgin Island Department of Planning and Natural Resources, which issued
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penalties around two point eight to three million dollars for
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illegal building projects on Epstein's private islands Little and Great
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Saint James, located off east end of Saint Thomas. So
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I can see that. Look, if you're building illegally down
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there and you're gonna get fined, that's how it goes.
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They should find them for that. But as far as
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taking money from the survivors themselves to give to the
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Virgin Islands, I don't understand how that's logical at all,
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considering that it was the Virgin Island bureaucrats who set
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this all up in the first place. A judge order
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to stay in the SECO case to facilitate mediation, but
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Chief Deputy Virgin Island Attorney General Carol Thomas Jacobs filed
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an emergency motion to lift this day on July twenty second,
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claiming Cohn and Indyke moved thirteen million out of the
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estate for their own benefit. Now we talked about that
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when it happened, and it wouldn't surprise me in the least. Now,
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I don't have all the facts, right, I'll tell you
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straight up, right up front. I don't have all the facts.
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But it fits in with the way Indike and Khan
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have been going about their lives ever since they've been
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in the employee of Jeffrey Epstein. You mean to tell
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me two people who are that close to Epstein have
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no idea what happened, have no idea what went down?
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Give me a break. The filing called for discovery to
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begin and mention the twenty thirteen Butterfly Trust, implying it
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is essentially a way for executors to transfer money into
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their personal accounts. Raya slammed the claims as demonstrably false
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and Indyke's attorney, Christopher Kroblin, wrote in an eighteen page
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response that the Attorney General's Office filed illegally, meritless, factually misleading,
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and inflammato inflammatory motion to take discovery of co executors
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Darren Endyke and Richard Kahan. Can someone answer this question
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for me? How is it that the only Attorney General
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in the whole country that's looking at Endyke and con Well,
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at least that we know of, is down here in
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the Virgin Islands. You mean to tell me these two
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dudes didn't commit any crimes in New York. I know
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the SDN why is very busy right now in all
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but you know they might want to take a look
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at some of Epstein's co conspirators. The response called for
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sanctions against the government, and Thomas Jacobs filed on eleven
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page response on Thursday, saying that there was a surprisingly
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abrupt end to the mediation, which was the sole purpose
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for this stay, so the government moved to lift it.
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The Epstein estates meritless claims for sanctions for doing so
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is absurd, Thomas Jacobs wrote, so basically, Thomas Jacobs, Carol
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Thomas Jacobs is telling the court that the estate here
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is just being absolutely absurd with their requests. The government
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has placed criminal activity leans on the estate as a
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matter of statutory right and out of concerns over the
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administration of what are and should be Epstein's estate, property
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or funds. She wrote, the government's concerns are well founded
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because defendants have refused to provide documentation of trust related
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to Jeffrey Epstein, while substantial evidence shows that con and
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Indyke were both deeply involved in Epstein's financial activities. According
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to Thomas Jacobs, well yeah, obviously, Look, if you're the
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in house lawyer and you're the in house accountant for
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a dude like Epstein, chances are you know about where
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all the secrets are, you know about all of the
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financial deals. And again I ask you, how is it
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that r. Kelly and Keith Rainiery both get slapped with
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RICO charges but Gallaine Maxwell does not. What are they
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so worried about uncovering? Here? Conn and Indyke failed to
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disclose millions of dots and loans made by Epstein to them,
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which should be reflected and collected as assets of the estate.
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According to Thomas Jacobs and our beneficiaries of Epstein's Epstein
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created trust that in the year after Epstein's death received
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over thirteen million dollars that was then transferred not to
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the Epstein estate but to separate trust created for the
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benefit of defendants in Dike and Khan, their spouses and others,
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with recognition that these funds were being insulated from the
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beneficiaries of the claimants against the estate. So the same old,
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same old, right, If you have a couple of bucks,
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you have a couple of decent lawyers, you can find
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a way to hide your money, but the rest of
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us now will. If you transfer more than six hundred
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bucks digitally, you are now on the radar. Folks, must
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be nice to be one of these rich criminals comebacks
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where there's never any penalties for being a dirt back.
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Better pay your taxes though, and to the very penny nowadays.
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Despite the co Executor's statements that the allegations and evidence
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are misleading and inflammatory, she added that they notably do
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not rebut the truth of the government's compelling allegations. Instead,
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they turn their fire to making baseless procedural arguments seemingly
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designed to distract from the evidence of wrongdoing and their
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deliberate refusal to provide the government with any discovery from
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the inception of this case. So again, why are you
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guys messing around with the Sicco case here? Why not
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just hit them with a criminally liable Rico case. What
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is everybody so scared of? You know what's funny. The
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government loves to throw Rico around. They sure love to
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throw it around. If you're engaging in illegal gambling or
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maybe you're selling some pot out of your mom's house, yeah,
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then it's Rico's city. But if you're Glenn Maxwell, you're
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Darren Indyke, you're Richard Kahan, and you know where the
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bodies are buried, and you might embarrass the government a
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little bit. Yeah, we're gonna avoid that Rico folks at
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all costs. Reya said that parties held a brief conference
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before Superior Court Judge Harold WILLOCKX on Friday. The court
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did not rule on the government's motion, notwithstanding the government's
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claim that the need for discovery was an emergency, and
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instead combined argument on the motion with the argument on
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the estate's motion to vacate the government's lean, scheduled for
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October fourth. Therefore, this stay remains in effect, according to Raya.
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According to the Co Executors filing on August first, the
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government continues to make the well worn, yet demonstrably false
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allegations that the co Executors are improperly dissipating as state assets.
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The government does not does so fully aware of the
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actual effects, but with the intention of generating fantastical headlines
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that it perceives will offer some tactical yet unfair advantage
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in this lawsuit. Well, when you can't win on the
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merits of your argument, you got to rely on loopholes
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and technicalities, right, And it's been a tried and true
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strategy for the Epstein criminal organization for this whole entire run.
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Might as well keep it up. The government said in
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a previous filing that the estate's value has plummeted over
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seventy five percent in two years. The bulk of the
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estate's remaining assets are nearly one hundred and twenty million
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in legal entities Epstein owned, and there is nearly twenty
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two million in cash on hand. For the period of
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April first to June thirtieth of this year, the estate
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paid eight point four million in settlement of survivor claims
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outside the Epstein Victims Compensation Fund according to the most
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recent probate account filings. So there are hundreds, literally hundreds
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of cases pending, and a lot of these girls, at
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least a handful of them anyway, decided not to use
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the compensation fund. So there are all of those lawsuits
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pending as well. And as we see here, eight point
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four million in settlements to survivors have been paid through
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the period of April first to June thirtieth of this year,
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according to the numbers that we're getting here. Putting aside
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that the estate has been in operation for close to
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three years, the government chooses to ignore that the reduction
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in the estate's value is not only expected in common
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but necessary to comply with the law in the form
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of over one hundred and eighty million in various taxes
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in multiple jurisdictions, and to compensate those who claim mister
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Epstein sexually abused them those who claim, huh, how about
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those who were sexually abused by Jeffrey Epstein. Don't play
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games with your words here, mister Kroblin. The estate has
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already taken liability and accepted liability for this abuse don't
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stay alleged in the form of over one hundred and
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fifty million paid to claimants through the u Epstein Victims
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Compensation Fund or other settlements, Kroblin wrote. Further, Croblin wrote,
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all other reductions in value are a result of either
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expenditures inspected by the Special Master in Ernst and Young
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and reviewed and approved by the Attorney General, or changes
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in property values based upon date of death independent real
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estate appraisals as compared to initial evaluations done on a
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cost basis as reflected in the estate's quarterly accountings. So
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it's more of the same. You have the estate saying
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one thing, and then you have the Attorney General's Office
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of the Virgin Island saying something completely different. So I say,
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to hell with all of it, and let's see a real,
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full on reco case here, not a seak O case,
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and let's really get to the bottom of this once
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and for all. If you'd like to contact me, you
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can do that at Bobby Kapuci at ProtonMail dot com.
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That's Bobby C A p U C c I at
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ProtonMail dot com. You can also find me on Twitter
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at b O B B Y underscore c A p
17:10
U C C I. The link that I discussed can
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be found in the description box. All right, everybody, I'll
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be back with a little bit more. Hope all of
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you are having a good morning.