Goldman Sachs veteran dealer Michael Daffey can be seen in this undated flyer photo in London, UK.
Goldman Sachs via Reuters
Former senior Goldman Sachs executive Michael Daffey bought a mansion in New York City this month for a whopping $ 51 million from the estate of late-convicted sex criminal Jeffrey Epstein, his spokesman said Tuesday.
“Mr. Daffey has never been home and has never met his owner, but he is a firm believer in the future of New York and will take the other side of anyone who says the city’s best days may be in the past.” ” said Stu Loeser, Daffey’s spokesman.
The sale of the 28,000-square-foot Manhattan townhouse raised revenue for Epstein’s estate and started a fund set up to pay self-identified victims of the mysterious money manager accused of sexually abusing dozens of underage girls.
The fund had stopped offering compensation for the victims’ payouts prior to the purchase because the estate was tight. However, payments resumed following the sale of the 40-room, seven-story Upper East Side residence last week.
A Jeffrey Epstein residence on East 71st Street is located on July 8, 2019 in New York on the Upper East Side of Manhattan
Kevin Hagen | Getty Images
Daffey paid for the villa with cash and a bridging loan, Loeser said.
Daffey retired this month after 28 years with Goldman. He was chairman of the investment bank’s global markets division.
Business Insider first reported that Daffey was the buyer of the property, which was originally listed at $ 88 million.
On Monday, Epstein’s former mansion and property in Palm Beach, Florida, was sold from his estate to developer Todd Michael Glaser for $ 18.5 million.
About $ 10 million from the sale of the Manhattan mansion went to the Epstein Victims Compensation Fund, which had received more than 175 applications and paid out more than $ 65 million to eligible applicants as of last week, according to fund administrator Jordy Feldman. Individuals who have already filed their claims have until March 25 to file an application for compensation.
“I am pleased to announce that after this unfortunate and unexpected month-long delay, the program is fully operational again,” Feldman said last week.
“I am committed to continuing the important work of this program and continuing to work hard to ensure that all eligible applicants receive the compensation and reassurance they deserve.”
Jeffrey Epstein in Cambridge, MA in 1984.
Rick Friedman | Corbis News | Getty Images
British celebrity Maxwell is also accused of becoming engaged in testimony given in the context of a lawsuit brought by an Epstein prosecutor.
Maxwell, who pleaded not guilty, is being held bail in a federal prison in Brooklyn.
Your trial is scheduled to begin this summer.