US News: Who will get Epstein's hundreds of millions of dollars? - PressFrom - United Kingdom
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US NewsWho will get Epstein's hundreds of millions of dollars?

13:40  13 august  2019
13:40  13 august  2019 Source:   cbsnews.com

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If Jeffrey Epstein actually had hundreds of millions of dollars at his disposal, the fight over who gets that money just got more complicated for his victims. Epstein was found dead in his New York City jail cell early Saturday morning from an apparent suicide, a month after his arrest by the federal

Are both " Hundreds of millions of dollars " VS " Hundreds of millions dollars " grammatically and semantically correct/identical?

If Jeffrey Epstein actually had hundreds of millions of dollars at his disposal, the fight over who gets that money just got more complicated for his victims.

Epstein was found dead in his New York City jail cell early Saturday morning from an apparent suicide, a month after his arrest by the federal government on sex-trafficking charges. Epstein lived a lavish lifestyle with mansions in New York and Florida and a Caribbean island he owned. A recent filing in his criminal case suggested he is worth $559 million.

Jeffrey Epstein kills himself ahead of sex trafficking trial - reports

Jeffrey Epstein kills himself ahead of sex trafficking trial - reports Disgraced financier Jeffrey Epstein has killed himself in prison ahead of facing trial on sex trafficking charges, according to US media. The 66-year-old, who was being held without bail in a Manhattan jail, was accused of abusing dozens of underage girls as young as 14 in New York and Florida. Epstein, who denied the charges, was found at 7.30am on Saturday morning according to officials, who spoke to NBC. They said he had hanged himself. Last month, he had reportedly been found unconscious with neck injuries on the floor of his cell. His lawyers declined to comment at the time.

Who will get Jeff Epstein ' s hundreds of millions of dollars ? His death makes it harder for his victims to prove guilt and collect damages through the civil courts alone. Officials say a dozen guests had tested positive for the bacteria but according to an attorney, hundreds more may have been exposed.

Epstein was worth hundreds of millions of dollars and lawyers for the alleged victims immediately called for his estate to be frozen, saying they will sue Several of Epstein ' s accusers said they were disappointed that the financier would not face them in court or serve a long prison sentence if convicted.

Related: Epstein dossier - 300 Britons named

But the line to get that money could be very long. Even before he was charged in the most recent criminal case, Epstein had settled civil lawsuits with women who claim he had abused them, and was facing the prospect of more suits. Two of the lawyers who represent women who allege they were abused as girls by Epstein say they'd been allowing the criminal case to proceed before filing civil suits against Epstein.

Related: Epstein’s accusers call her his protector and procurer. Is Ghislaine Maxwell now prosecutors’ target?

Who will get Epstein's hundreds of millions of dollars? © Getty Epstein’s accusers call her his protector and procurer. Is Ghislaine Maxwell now prosecutors’ target?

Now that Epstein is dead, prosecutors are likely to drop the criminal charges against him as early as this week. That means civil cases will proceed. And the list of accusers is likely to grow now that he is dead, legal experts said.

NYC medical examiner completes autopsy on Jeffrey Epstein’s body, says cause of death still pending

NYC medical examiner completes autopsy on Jeffrey Epstein’s body, says cause of death still pending New York City’s chief medical examiner performed an autopsy on the body of Jeffrey Epstein Sunday, but said that the cause of death was “pending further information at this time.” 

Epstein , who was charged with sexually abusing hundreds of adolescent girls in New York and Florida “The victims deserve justice and they will get it.” Attorneys for some of those victims have announced Where is Epstein ’ s financial wealth? Jeffrey Epstein had investments and accounts with Bear Stearns These included tens of millions of dollars invested in hedge funds owned by Bear.

Epstein - who once boasted an array of high-profile friends including Prince Andrew and President Epstein ' s suicide comes just two weeks after he was hospitalized following what may have been an initial attempt to take his own life. The girls were paid hundreds of dollars in cash to massage him

Epstein was not married and does not appear to have any children. But he does have a brother, who would also have a claim to Epstein's estate. Here's what know about Epstein's millions and who could get it.

How rich was Jeffrey Epstein?

It was often reported over the years that Epstein was a billionaire, but there is little evidence that has was anything more than very, very rich. Epstein owned a townhouse on the Upper East Side of Manhattan that is valued at more than $50 million. He also had a mansion in Palm Beach, Florida, with a price tag of around $12 million, a ranch in New Mexico valued at just over $17 million and an apartment in Paris worth an estimated $8.6 million. The Carribean island, Little St. James, was recently assessed at nearly $64 million.

The New York Times has reported that Epstein made more than $200 million during his a decade-plus relationship working as a financial adviser for the retail tycoon Les Wexner, the CEO of L Brands. But it's not clear if the price of the Manhattan townhouse, which was transferred to Epstein from Wexner in 2011, is part of that sum.

Jeffrey Epstein's death 'was suicide' - city official

Jeffrey Epstein's death 'was suicide' - city official New York's coroner is confident that Jeffrey Epstein's death was a suicide. The New York Times cited an anonymous city official as saying the death was by hanging, despite the chief medical examiner Dr Barbara Sampson saying the cause of death was "pending further information". Epstein, a wealthy financier who was friends with people such as Bill Clinton and Donald Trump, was arrested on 6 July and pleaded not guilty to charges of sex trafficking involving dozens of underage girls as young as 14, from at least 2002 until 2005.

Who will get Jeff Epstein ' s hundreds of millions of dollars ? His death makes it harder for his victims to prove guilt and collect damages through the civil courts alone. Officials say a dozen guests had tested positive for the bacteria but according to an attorney, hundreds more may have been exposed.

Who will get Epstein ' s hundreds of millions of dollars ? William Barr slams prison after Epstein ' s apparent suicide. Epstein may have taken "vast sums" from Victoria's Secret billionaire. How Epstein ' s alleged victims can still seek justice.

Related: 'One conspiracy theory about Epstein's death was real'

Who will get Epstein's hundreds of millions of dollars? © Getty

What's more, Wexner last week wrote in a letter to his foundation that Epstein improperly took "vast sums" of money from him in the mid-2000s and said Epstein in late 2007 and early 2008 repaid some of Wexner's money with a $46 million donation to a charity linked to Wexner's wife. It is not clear if Wexner could bring a suit against Epstein's estate.

Epstein also appears to have provided other wealthy individuals with tax and estate planning advice, including Leon Black, the billionaire chairman of private equity shop Apollo Global Management. It's not clear how much Black paid for the advice, but in 2015 a charity controlled by Black made a $10 million donation to a charity run by Epstein, according to Bloomberg News.

As part of Epstein's criminal proceedings, he filed a financial statement saying he had $559 million in assets. But the filing listed no debt, and provided little detail other than saying he had nearly $200 million in hedge fund and private equity investments. Given the number of people looking to sue him, it's likely Epstein would have wanted to understate his assets.

FBI agents swarm Jeffrey Epstein's private Caribbean island

FBI agents swarm Jeffrey Epstein's private Caribbean island "We were just trying to look at pretty fish and here we are in the middle of an FBI raid," Kelly Quinn, the owner of Salty Dog Day Sails, said.

At that time, Mr. Lance' s mismanagement of the NBG got him and the bank into trouble. Next, he introduced Mr. Lance to Saudi billionaire Gaith Pharaon, who fronted for BCCI and the Saudi royal A quick survey of the major contributors to the Carter Center reveals hundreds of millions of dollars

In total, the company has raised 9 million . A source familiar with the latest funding round says that Gingko is now They had collected around Tom Knight, a computer science pioneer who had turned his attention to hacking biology. Private money is getting excited about the idea of designing biology.

Will Epstein's victims claim parts of his fortune?

While the government can't bring a criminal case against a dead person, civil cases are allowed to be filed or proceed against a person's estate. But Epstein's death potentially introduces a new hurdle, legal experts said.

Verdicts in criminal cases are admissible in a civil case, and a guilty verdict is very good evidence of wrongdoing. Federal prosecutors said they amassed considerable amounts of evidence against Epstein. Still, his victims will have to establish his guilt on their own.

Related: FBI agents swarm Epstein's private island

Who will get Epstein's hundreds of millions of dollars? © AP The good news is that the burden of proof is a lower bar in a civil case. One must prove the evidence shows it is likely that the defendant committed the offense. The "beyond a reasonable doubt" standard only applies in a criminal case.

The other good news is creditors, and that would include anyone suing Epstein's estate, generally have a right to Epstein's money before it goes to family members or anyone named in his will -- if he even had one, which is not yet clear. Legal experts say the order of who has the right to an estate is established by each state individually. The order in New York is that the government gets to settle any tax liens first, and then comes creditors, and then named beneficiaries.

Jeffrey Epstein accuser sues British socialite and staff members

Jeffrey Epstein accuser sues British socialite and staff members A woman who accused Jeffrey Epstein of sexual misconduct has sued his estate, former associate Ghislaine Maxwell and three unnamed staff members who worked for the financier, according to a court filing. Jennifer Araoz, the plaintiff, filed the lawsuit in a New York state court in Manhattan on Wednesday. She had previously told NBC last month that she was recruited outside her New York City school to spend time with Epstein and gave him massages when she was 14.

This explains why Mr Epstein told the Statesman that “to use a technical term I think we’re screwed.” Hundreds of thousands of people travel from all over the world to attend the United States Grand Prix in Austin, which in turn pumps hundreds of millions of dollars into our economy and

“Hillary Clinton … took in hundreds of millions of dollars for a hospital in Haiti that went to the The commission was co-chaired by Bill Clinton, who became the face of many recovery efforts in Haiti. ‘She was shaking’: Court filings describe system Jeffrey Epstein allegedly used to procure girls.

Epstein's legal residence was in the U.S. Virgin Islands, and it is likely that his executor, if one is named in a will, would try to claim that residence as the jurisdiction for any claims against Epstein's estate. "I don't think it will be offered for probate in New York," said Herbert Nass, an estate lawyer in New York City. "I wouldn't." Nass said, describing the U.S. Virgin Islands as a "less formal legal domicile" for estate cases.

How long could it take until Epstein's estate is resolved?

Short answer: Years and years. The first step is finding out who is in charge. If Epstein had a will, it would name the executor. If he didn't, then the job would go to his closest next of kin, his brother, Mark Epstein.

But Epstein reportedly abused at least dozens of women, potentially creating a legal bill that is larger than what is in the estate. For that reason, Epstein's brother could take a pass on administering the money, especially if acting as executor could expose him to any liability, said Bruce Steiner, an estate lawyer in New York City.

If Mark Epstein declined to be executor, one of Epstein's creditors, namely one of his victims, could apply to be an executor of the will, Nass said. As an alternative, the court could also assign a public administrator. But that is the law in New York, the experts said. Estate law in the U.S. Virgin Islands is less clear.

The bigger issue could be finding all of Epstein's assets. After all, he sold wealthy people advice on tax shelters. His 2008 conviction in Florida for sex crimes found that most of his wealth was split between multiple corporations and offshore accounts. Unraveling all that, especially without Epstein, will take time.

That's been true with other high-profile estate cases: In 2017, nine years after the death of real estate billionaire Leona Helmsley, her children and others were still fighting over her will, which included $12 million for her dog, Trouble. The Maltese, which died in 2011, ended up getting only $2 million.

Epstein questions await Andrew as he holidays with ex-wife in Spain.
While the unanswered questions keep coming about Prince Andrew's relationship with Jeffrey Epstein, the Duke of York has been taking time out among Europe's moneyed elite with his ex-wife Sarah Ferguson in Sotogrande. © Getty The former couple flew to Spain last week. File pic According to locals, the pair are regulars in this part of southern Spain and Sarah is a familiar face at the Santa Maria polo club. Jon Clarke, who has lived here for almost two decades, says the former Duchess of York has been here 11 or 12 times and often hands out the winners' medals at the annual summer polo tournament.

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