Veteran Goldman Sachs trader Michael Daffey is seen in this photo without data in London, UK.
Goldman Sachs via Reuters
Former high-ranking Goldman Sachs executive Michael Daffey bought a New York mansion this month for a whopping $ 51 million from the estate of sex offender Jeffrey Epstein, his spokesman said Tuesday.
“Mr. Daffey has never been home and never met his landlord, but he is a great believer in the future of New York and will take the other side of all those who say the best days in town might be in the past. Said Stu Loeser, a spokesman for Daffey.
The sale of the 28,000-square-foot townhouse in Manhattan generated revenue for Epstein’s estate, launching a fund set up to pay for the self-identified victims of the mysterious money manager who was accused of sexually abusing dozens of underage girls.
The fund stopped offering compensation for victims’ payments before the purchase because the estate had run out of money. But payments resumed after the sale of the 40-room, seven-story Upper East Side residence last week.
A residence belonging to Jeffrey Epstein on East 71st Street is seen on the Upper East Side of Manhattan on July 8, 2019 in New York
Kevin Hagen | Getty Images
Daffey paid the mansion with cash and a bridge loan, Loeser said.
Daffey retired from Goldman this month after 28 years with the company. 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 initially listed at a asking price of $ 88 million.
On Monday, the former mansion and property in Epstein, Palm Beach, Florida, was sold by his estate for $ 18.5 million to developer Todd Michael Glaser.
About $ 10 million from the sale of the Manhattan mansion went to the Epstein Victims Compensation Fund, which since last week had received more than 175 damages and paid more than $ 65 million to eligible claimants, according to fund administrator Jordy Feldman . People who have already registered their claims have until March 25 to file a claim.
“I am pleased to report that the Program can now resume full operations after this unfortunate and unexpected one-month delay,” Feldman said last week.
“I look forward to continuing the important work of this program and to remaining deeply committed to ensuring that all eligible claimants receive the compensation and validation they deserve.”
Jeffrey Epstein in Cambridge, MA in 1984.
Rick Friedman | Corbis News | Getty Images
British Socialist Maxwell is also accused of perjuring herself in testimony taken as part of a trial by an Epstein prosecutor.
Maxwell, who pleaded not guilty, is being held without bail in a federal prison in Brooklyn.
Her trial is scheduled to begin this summer.