Massive IRS Refund Restores Epstein Estate to $145 Million

Financier and convicted sex offender Jeffrey Epstein may be dead, but that doesn’t mean he’s stopped making money. His estate received a $111.6 million tax refund from the Internal Revenue Service, bringing the estate’s total value back up to $145 million after it had been depleted by victim settlements and legal costs.

The sizable refund, distributed last fall, traces back to a $190 million tax payment the estate made to federal authorities in July 2020. The payment was based on asset appraisals that turned out to be inflated compared to actual sale prices. The Manhattan property alone fetched approximately $40 million less than projected.

The development has sparked outrage from abuse survivors and their advocates, who note the refunded money cannot be claimed by victims who have already reached settlements with the estate.

“I think that it is morally objectionable for anyone other than a victim to benefit from acts of injustice or wrongdoing,” said Marijke Chartouni, who was sexually abused by Epstein and has already received a settlement payment. “Victims continue to suffer.”

Related: House Petition Tabled To Force Epstein List Release

The windfall is expected to benefit Epstein’s close associates who serve as estate executors – accountant Richard Kahn and attorney Darren Indyke – as well as other beneficiaries whose identities remain mostly confidential. Court documents have identified one known beneficiary as a woman who was Epstein’s girlfriend when he was arrested on federal sex-trafficking charges in 2019.

The estate has already distributed approximately $164 million in settlements to more than 135 of Epstein’s sexual abuse victims, plus $105 million to the U.S. Virgin Islands government and tens of millions in legal fees.

Epstein died by suicide in federal custody in August 2019 while awaiting trial on sex-trafficking charges. His estate was initially valued at around $600 million.

Large estate refunds are not uncommon when executors initially overvalue assets or underestimate debts, but of course, the timing and beneficiaries of this particular refund raise some serious ethical concerns.



Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Goliath Resources Hits 10.60 g/t Gold Over 22.82 Metres, Highest Grade Results In Third Distinct Rock Package At Surebet Discovery

Four Countries Control the Fertilizer That Feeds the World | Sage Potash

$10,000 Gold Is Just A Question of Time | Florian Grummes

Recommended

Antimony Resources Drills 5.27% Sb Over 4.95 Metres In Latest Results

Nord Precious Metals Identifies 29 Veins At Castle East Following 3D Modeling

Related News

Donald Trump Expresses Reluctance to Declassify Epstein Files: “Phony Stuff”

Former President Donald Trump has voiced his hesitation to declassify the Jeffrey Epstein files, raising...

Thursday, June 6, 2024, 02:01:00 PM

Epstein List: Clinton, Prince Andrew, “Spanish” President, And Other Prominent Names In The Released Deposition

Hundreds of pages of previously sealed documents related to a lawsuit connected to the late...

Wednesday, January 3, 2024, 09:52:15 PM

House Republicans Don’t Want Income Tax, But Is Their Alternative Better?

Last week, House Republicans announced that they will hold a vote to abolish the Internal...

Monday, January 16, 2023, 11:37:00 AM

Ghislaine Maxwell Seeks Conviction Reversal as Questions Mount Over Trump-Epstein Connections

Ghislaine Maxwell, the convicted child sex trafficker serving 20 years for facilitating Jeffrey Epstein’s abuse...

Tuesday, July 29, 2025, 04:29:00 PM

Kraken to Hand Over User Data to the IRS

Cryptocurrency exchange Kraken has begun informing its clients about a court ruling that compels them...

Friday, October 27, 2023, 12:18:24 PM