Personal equity tycoon snaps up Epstein’s ‘paedophile island’ for much less than fifty percent the initial asking value
A personal equity tycoon has bought Jeffrey Epstein’s notorious Caribbean islands for a lot less than half the first inquiring selling price.
Stephen Deckoff, the founder of Black Diamond Money Administration, paid out £48million for Small St James and Wonderful St James in the US Virgin Islands, effectively below the £100million valuation.
He options a 25-space luxurious resort to open in about two many years.
Lower-cost offer: Stephen Deckoff, the founder of Black Diamond Funds Administration, paid out £48million for Minimal St James and Good St James in the US Virgin Islands
Deckoff, who moved to the location more than a 10 years back, said he under no circumstances met Epstein or frequented what was regarded as ‘paedophile island’ thanks to its part in Epstein’s sex trafficking.
The islands ended up place on sale immediately after Epstein died even though he was awaiting trial in 2019.
‘I am tremendously happy to be ready to deliver the space a globe-course spot benefiting its purely natural grace and splendor,’ stated Deckoff.
‘I very a great deal seem forward to doing work with the US Virgin Islands to make this dream a actuality.’
He aims to travel tourism and progress ‘while respecting and preserving the critical surroundings of the islands’.