Billionaire Stephen Deckoff snaps up dead pedophile Jeffrey Epstein's two ... trends now
Two private islands previously owned by pedophile Jeffrey Epstein have finally been snapped up by a billionaire after more than a year on the market.
Epstein's infamous Caribbean islands - one of which is dubbed 'Pedophile Island' - have been bought by billionaire Stephen Deckoff for $60million - less than half of their $125m initial asking price.
Mr Deckoff, the founder of private equity firm Black Diamond Capital Management, has announced plans to develop a state of the art luxury 25-room resort on the land in the US Virgin Islands.
The two private islands, known as Great St. James and Little St. James, first hit the market as a package deal for $125m in March 2021, but this was cut to $55m a piece - or $110m for the pair.
Little St. James is the infamous island where Epstein - who died in a Manhattan jail in 2019 aged 66 - built his lavish compound to host orgies and traffic underage girls.
Two private islands previously owned by pedophile Jeffrey Epstein have finally been bought after more than a year on the market
Little St. James (pictured) is the infamous island where Epstein - who died in a Manhattan jail in 2019 aged 66 - built his lavish compound to host orgies and traffic underage girls
Great St. James Island (above) is more than double the size of Little St James but is largely undeveloped
Government documents show that Little St. James Island, which sits on 70 acres of land located a little over a mile from St Thomas - a tropical island near Puerto Rico - was purchased by one of Epstein's companies in April 1998 for $7.95million.
Nearby Great St. James, through roughly twice as big at 160-plus acres, is largely undeveloped, and Epstein purchased it primarily to keep tourists away from his hideaway.
In 2016, Epstein spent $18million on Great St. James Island, which once was popular with locals and tourists for its main attraction, the Christmas Cove nature preserve.
Virgin Islands prosecutors in 2020 accused Epstein of bringing girls as young as 11 to the islands and sexually assaulting them.
Mr Deckoff, who has lived in the US Virgin Islands since 2011, says that he never met Epstein and had not stepped foot onto his land until they were marketed following the financier's death.
Speaking about his acquisition of the islands, Mr Deckoff, who has a net worth of $3 billion according to Forbes, said:
