Relevance: supporting · Type: background
Confidence100%
Jeffrey Epstein died in prison in 2019 while awaiting trial on sex-trafficking charges.
Relevance: primary · Type: background
Confidence100%
In Jeffrey Epstein's last will and testament, he named personal attorney Darren Indyke and accountant Richard Kahn as co-executors of his $630 million estate.
Relevance: primary · Type: background
Confidence100%
Jeffrey Epstein did not give Darren Indyke and Richard Kahn salaries for their roles as co-executors.
Relevance: primary · Type: action
Confidence100%
Darren Indyke and Richard Kahn have sold off Epstein's islands, mansions, and ranch.
Relevance: primary · Type: action
Confidence100%
Darren Indyke and Richard Kahn have paid settlements to women who have accused Epstein of sexual abuse.
Relevance: primary · Type: action
Confidence100%
Darren Indyke and Richard Kahn have handled other legal and financial issues arising from Epstein's affairs.
Relevance: primary · Type: action
Confidence100%
Neither Indyke nor Kahn has taken a salary from Epstein's estate for their work as co-executors.
Relevance: supporting · Type: background
Confidence100%
During their depositions, both Indyke and Kahn cited the lack of payment as the reason they believed Epstein bequeathed them millions.
Darren Indyke, personal attorney
Relevance: primary · Type: quote
Confidence100%
"I am not getting paid from the estate," said Darren Indyke in his March 19 deposition.
Relevance: primary · Type: background
Confidence100%
Epstein bequeathed $50 million to Darren Indyke.
Relevance: primary · Type: background
Confidence100%
Epstein bequeathed $25 million to Richard Kahn.
Relevance: supporting · Type: background
Confidence100%
Karyna Shuliak, Epstein's fiancée at the time of his death, was to receive at least $100 million from his estate.
Relevance: primary · Type: background
Confidence100%
The money bequeathed to Indyke and Kahn was to be paid through The 1953 Trust.
Relevance: supporting · Type: background
Confidence100%
The 1953 Trust is a pour-over trust set to receive all assets from Epstein's estate that remain once its balances are settled.
Relevance: supporting · Type: background
Confidence100%
In his March 11 deposition, Richard Kahn estimated that handling the estate's affairs would take a decade.
Relevance: supporting · Type: event
Confidence100%
The estate settled a class-action lawsuit from Epstein victims for $35 million earlier this month.
Relevance: supporting · Type: background
Confidence100%
The estate has several pending lawsuits from Epstein victims and faces potential additional claims.
Relevance: supporting · Type: background
Confidence100%
The Epstein estate has about $127 million in assets, according to the most recent quarterly accounting publicly filed in the US Virgin Islands probate court.
Relevance: supporting · Type: background
Confidence100%
The estate cannot transfer its funds to The 1953 Trust until its investments are liquidated.
Relevance: supporting · Type: background
Confidence100%
The estate has investments in two funds with Peter Thiel's Valar Ventures that together are worth about $172 million.
Relevance: supporting · Type: background
Confidence100%
One of the Valar Ventures funds is set to expire in 2026 but could be extended.
Relevance: supporting · Type: background
Confidence100%
Another investment fund with a different asset manager was in the process of liquidation and was worth less than $10 million.
Relevance: supporting · Type: background
Confidence100%
The estate spends between $5 million and $10 million each year on legal fees and other expenses, according to Richard Kahn.
Relevance: supporting · Type: background
Confidence100%
Their attorneys include Daniel Weiner, chair of Hughes Hubbard & Reed's litigation practice, and Daniel Ruzumna, cochair of the white-collar defense practice at Patterson Belknap, who represent Indyke and Kahn respectively.
Relevance: supporting · Type: background
Confidence100%
Even after the estate's debts are paid, claims resolved, and investments liquidated, Shuliak would be the first in line to receive any money from The 1953 Trust, according to its terms made public through the Justice Department's Epstein files release.
Relevance: supporting · Type: background
Confidence100%
Kahn said he did not expect to receive any money from the 1953 Trust except for $250,000 once the estate's affairs are settled.
Richard Kahn, accountant
Relevance: primary · Type: quote
Confidence100%
"I believe that it's likely that I will receive zero from Epstein's 1953 Trust based on the value of its assets and its remaining obligations," said Richard Kahn.
Relevance: supporting · Type: background
Confidence100%
Richard Kahn said the $25 million bequest was roughly equivalent to the executive fee the estate would be legally required to pay him if it were based in New York or Florida, plus a few million dollars similar to what other longtime employees received.
Darren Indyke, personal attorney
Relevance: supporting · Type: background
Confidence100%
Darren Indyke said Epstein paid him a $2 million salary at the time of his death.
Darren Indyke, personal attorney
Relevance: supporting · Type: background
Confidence100%
Darren Indyke continues to make money through real estate investments and a separate legal practice.
Relevance: supporting · Type: background
Confidence100%
Darren Indyke works at the law firm of Tim Parlatore.
Darren Indyke, personal attorney
Relevance: primary · Type: quote
Confidence100%
"He always did what he did for his reasons, and he never discussed his reasons with me," said Darren Indyke.
Relevance: supporting · Type: background
Confidence90%
Epstein planned to open his own bank.
Relevance: primary · Type: background
Confidence100%
Each year Epstein incurred between $25 million and $30 million in household expenses, including payroll for staff, fuel and maintenance for his private jets, and upkeep for his five homes, according to Richard Kahn.
Relevance: primary · Type: background
Confidence100%
Darren Indyke and Richard Kahn said they did not view Epstein's large cash withdrawals as suspicious.
Relevance: supporting · Type: background
Confidence100%
JPMorgan Chase cut off Epstein in 2013 because bank employees viewed his frequent cash withdrawals as suspicious.
Relevance: supporting · Type: background
Confidence100%
In 2008, Epstein pleaded guilty to sex offenses in Florida that involved paying teenage girls hundreds of dollars in cash for massages that turned into sexual encounters.
Relevance: supporting · Type: background
Confidence100%
Both Darren Indyke and Richard Kahn said they were not personally aware of Epstein's abuse of girls or women.
Darren Indyke, personal attorney
Relevance: supporting · Type: background
Confidence100%
Darren Indyke said that when he personally withdrew cash from Epstein's accounts, he believed it would be used for household expenses.
Richard Kahn, accountant
Relevance: supporting · Type: background
Confidence100%
Richard Kahn said Epstein used a lot of cash because many places did not accept American Express.
Richard Kahn, accountant
Relevance: supporting · Type: background
Confidence100%
Richard Kahn oversaw petty cash used for expenses in Epstein's in-house accounting office.
Richard Kahn, accountant
Relevance: supporting · Type: background
Confidence100%
Richard Kahn said he understood all of the cash payments to have a legitimate use.
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