Jeffrey Epstein’s Palm Beach estate has sold for $18 million this week, enabling the disgraced financier’s victims to begin receiving compensation once again.
According to the New York Post, the house had been under contract with developer Todd Michael Glaser since November, and according to sources, the sale finally closed on Thursday. It was previously reported that Glaser plans to raze the house and build new.
The waterfront estate was one of the locations where Epstein sexually abused young women, some minors, for years. Epstein hanged himself in the Metropolitan Correctional Center in August 2019 while awaiting trial on federal sex trafficking charges.
The Palm Beach sale comes on the heels of the sale of Epstein’s Manhattan mansion. The New York City property sold for $51 million to an undisclosed buyer. Funds from that sale will also be transferred to the Victims’ Compensation Fund, paving the way for the pedophile’s victims to receive even more money. Payouts were previously paused in February when funds began to run low.
