The two Caribbean islands owned by convicted pedophile Jeffrey Epstein, which were the purported headquarters of his global sex trafficking organization, were purchased by billionaire Stephen Deckoff for $60 million.
A 25-room luxury resort with a 2025 launch date is planned for the infamous islets, with the smaller of the two known as “Pedophile Island” or “Epstein Island” by the 57-year-old co-founder of the private equity firm Black Diamond Capital Management.
Three years after Epstein committed suicide in his cell at the Metropolitan Correctional Centre in 2021, both of the islands—Great St. James and Little St. James—were first put up for sale for $125 million.
The asking price was initially reduced to $110 million by 2022, or $55 million per property, and a year later Deckoff made the offer.
According to AP, a sizable percentage of the sale earnings will go towards the $105 million settlement of the US Virgin Islands government’s sex trafficking case against Epstein’s estate.
Deckoff doesn’t appear to have any plans to destroy the unsettling house where Epstein assaulted adolescents and young women sexually, either.
According to The Financial Times, his endeavor will “convert” Epstein’s estate into a hotel.
“I’ve been proud to call the US 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,” Deckoff said in a statement to the Financial Times.
When The Post contacted Deckoff for comment, no one from the company responded right away.
The 165-acre Great St. James and 70-acre Little St. James islands have been included in Deckoff’s $3 billion real estate holdings.
The owner of private equity firm is a local of Epstein’s islands, which are in the US Virgin Islands. He resides at a seaside mansion in St. John’s Peter Bay that he paid $12 million for.
Epstein notoriously took young girls and ladies to Little St. James with his then-girlfriend in order to sexually abuse them.According to recent records, Epstein also entertained wealthy and well-known acquaintances there, including the likes of Prince Andrew, Bill Clinton, and LinkedIn co-founder Reid Hoffman.
Little St. James was initially purchased by Epstein in 1998 for $7.95 million.
According to Business Insider, it eventually housed five structures, including a villa-style compound, which was believed to be the disgraced financier’s personal dwelling, a library, a cinema, a detached bathhouse, and cabanas.
In order to look for information on the sex offences against Epstein, the FBI raided Little St. James in 2019 and took Epstein’s laptop. Epstein, meanwhile, paid approximately $20 million for the acquisition of Great St. James in 2016. Although Epstein was reportedly building a compound on the 165-acre island in 2019 before receiving a stop-work order in December of the same year, the larger of Epstein’s islands remained the less developed of the two.