A private equity mogul, who says he never met Epstein, plans to develop a luxury resort on the infamous property.
Private equity mogul Stephen Deckoff, who moved to the U.S. Virgin Islands in 2011, has purchased two islands formerly owned by Jeffrey Epstein.fter more than a year on the market, Jeffrey Epstein’s infamous Caribbean islands have finally found a buyer: Stephen Deckoff, founder of private equity firm Black Diamond Capital Management, has purchased the two islands for $60 million, less than half of their initial asking price of $125 million.
“I’ve been proud to call the U.S. Virgin Islands home for more than a decade and am tremendously pleased to be able to bring the area a world-class destination benefitting its natural grace and beauty,” Deckoff tells. “I very much look forward to working with the U.S. Virgin Islands to make this dream a reality.”
Epstein’s ownership has cast a dark shadow over the islands, despite the natural beauty of their palm tree-dotted beaches and crystal clear water. The disgraced financier purchased Little St. James in 1998 for a reported $8 million. He lived in a large mansion there and constructedon the property, which has been dubbed “pedophile island” for its role in Epstein’s sex trafficking ring. Alleged victim Virginia Giuffre has claimed that Prince Andrew, Duke of York, raped her on Little St. James .
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