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Stephen Deckoff

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business2 years ago•3 min saved

Jeffrey Epstein's private islands to become luxury resort under new ownership.

Financier Stephen Deckoff has purchased Jeffrey Epstein's private islands, Great St. James and Little St. James, for $60 million through his SD Investments firm, with plans to create a world-class resort. The islands were previously listed for $110 million and were a nexus in Epstein's abuse and trafficking of young women and underage girls. The sale of Little St. James will provide funds for support services and counseling for victims of sexual abuse and human trafficking.

via NPR|

#business #jeffrey-epstein #private-islands

business2 years ago•1 min saved

Billionaire buys Jeffrey Epstein's private islands for luxury resort conversion.

Billionaire Stephen Deckoff's firm has purchased two private islands in the US Virgin Islands, Little St. James and Great St. James, previously owned by Jeffrey Epstein. Prosecutors have accused Epstein of abusing hundreds of young women and girls on Little St. James. The islands were key pieces of Epstein's property portfolio and were sold for $60 million.

via The Wall Street Journal|

#business #great-st-james #jeffrey-epstein

business2 years ago•2 min saved

Billionaire purchases Epstein's islands for luxury resort development.

Billionaire investor Stephen Deckoff has purchased Jeffrey Epstein's private islands off the coast of St. Thomas for $60 million, planning to build a 25-room resort on the property. The sale proceeds will go towards a $105 million settlement that Epstein's estate reached with the government of the U.S. Virgin Islands. Deckoff, the founder of Black Diamond Capital Management, acquired the islands through an investment vehicle called SD Investments. One of the islands, Little St. James, was where Epstein lived and allegedly sexually abused teenage girls.

via The New York Times|

#business #investment #jeffrey-epstein

business2 years ago•4 min saved

Billionaire purchases Jeffrey Epstein's private islands for $60 million.

Billionaire Stephen Deckoff, founder of Black Diamond Capital Management, has purchased two private islands in the US Virgin Islands previously owned by the late sex criminal Jeffrey Epstein for $60 million. One of the islands was used by Epstein to sexually abuse young women for years. Deckoff plans to develop a state-of-the-art, five-star, world-class luxury 25-room resort that will help bolster tourism, create jobs, and spur economic development in the region, while respecting and preserving the important environment of the islands.

via CNBC|

#business #economic-development #jeffrey-epstein