Michael Daffey, a veteran Goldman Sachs trader, is seen in this undated photograph in London, UK.
Goldman Sachs via Reuters
Michael Daffey, a former senior executive at Goldman Sachs, bought a New York City mansion this month for a whopping $ 51 million from the estate of convicted sex offender Jeffrey Epstein, his spokesman said Tuesday .
“Mr. Daffey had never been to his home or ever met his landlord, but he is a great believer in the future of New York and will take the other side of all the people who say the best days in town could be in the past “. Said Stu Loeser, Daffey’s spokesman.
The sale of the 28,000-square-foot Manhattan home generated revenue for the Epstein estate, which generated a fund set up to pay the victims of the mysterious money manager who were accused of sexually abusing dozens of underage girls.
The fund had stopped offers of compensation for victims ’payments before the purchase because the estate had few cash. But last week payments resumed following the sale of the seven-story residence and 40 rooms on the Upper East Side.
A Jeffrey Epstein residence on East 71st Street is seen on Manhattan’s Upper East Side on July 8, 2019 in New York
Kevin Hagen | Getty Images
Daffey paid the mansion with cash and a bridge loan, Loeser said.
Daffey retired from Goldman this month after 28 years with the firm. He had been chairman of the investment markets ’global markets division.
Business Insider first reported that Daffey was the buyer of the property, which was initially listed at a sale price of $ 88 million.
On Monday, his mansion and property in Palm Beach, Florida, Epstein, was sold for his estate for $ 18.5 million to developer Todd Michael Glaser.
Approximately $ 10 million from the sale of the Manhattan mansion went to the Epstein Victims Compensation Fund, which last week had received more than 175 claims and paid more than $ 65 million to eligible claimants, according to fund manager Jordy Feldman. . People who have already registered their claims have until March 25 to file a claim for compensation.
“I am pleased to report that the program can now resume full operations after this unfortunate and unexpected one-month delay,” Feldman said last week.
“I look forward to continuing the important work of this program and to continuing to be committed to ensuring that all eligible claimants receive the compensation and validation they deserve.”
Jeffrey Epstein in Cambridge, MA in 1984.
Rick Friedman | Corbis News | Getty Images
British Socialist Maxwell is also accused of perjuring herself in a testimony taken as part of a lawsuit by an Epstein prosecutor.
Maxwell, who has pleaded not guilty, is being held without bail in a Brooklyn federal prison.
His trial is scheduled to begin this summer.