Home / NEWS / U.S. News / Former Goldman Sachs exec is mystery buyer of $51 million Jeffrey Epstein mansion, boosting victim fund

Former Goldman Sachs exec is mystery buyer of $51 million Jeffrey Epstein mansion, boosting victim fund

Goldman Sachs old-timer trader Michael Daffey is seen in this undated handout photo, in London, Britain.

Goldman Sachs via Reuters

Previous high-ranking Goldman Sachs executive Michael Daffey bought a New York City mansion this month for a extravagant $51 million from the estate of the late convicted sex criminal Jeffrey Epstein, his spokesman said Tuesday.

“Mr. Daffey had not in any degree previously been in the home nor ever met its owner, but he is a big believer in New York’s future and will take the other side of all the people who say the metropolis’s best days may be in the past,” said Stu Loeser, Daffey’s spokesman.

The sale of the 28,000-square-foot Manhattan townhouse propagated income for Epstein’s estate, jump-starting a fund set up to pay self-identified victims of the mysterious money manager who was accused of sexually tongue-lashing dozens of underage girls.

The fund had halted compensation offers to victims’ payouts before the purchase because the housing was low on cash. But the payments resumed on the heels of the sale of the seven-floor, 40-room Upper East Side residence aftermost week.

A residence belonging to Jeffrey Epstein at East 71st street is seen on the Upper East Side of Manhattan on July 8, 2019 in New York

Kevin Hagen | Getty Perceptions

Daffey paid for the mansion with cash and a bridge loan, Loeser said.

Daffey retired from Goldman this month after 28 years with the steadfast. He had been chairman of the investment bank’s global markets division.

Business Insider first reported Daffey was the customer of the property, which originally was listed with an $88 million asking price.

On Monday, Epstein’s former Palm Coast, Florida, mansion and property was sold by his estate for $18.5 million to the developer Todd Michael Glaser.

About $10 million from the vending of the Manhattan mansion went to the Epstein Victims Compensation Fund, which as of last week had received more than 175 petitions, and had paid out more than $65 million to eligible claimants, according to the fund’s administrator, Jordy Feldman. Child who have already registered their claims have until March 25 to file a request for compensation.

“I am walking on air to report that the Program can now resume full operations after this unfortunate and unexpected month-long delay,” Feldman revealed last week.

“I am eager to continue the important work of this Program, and remain deeply committed to ensuring that all worthy claimants receive the compensation and validation they deserve.” 

Jeffrey Epstein in Cambridge, MA in 1984.

Rick Friedman | Corbis Information | Getty Images

The British socialite Maxwell also is accused of perjuring herself in testimony taken as part of a lawsuit by an Epstein accuser.

Maxwell, who has pleaded not delinquent, is being held without bail in a federal jail in Brooklyn.

Her trial is scheduled to begin this summer.

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