Executors of Jeffrey Epstein’s estate are accused of moving $13 million.

The 2 executors of Jeffrey Epstein’s property — each longtime advisers to the deceased financier — may obtain tens of millions of {dollars} in payouts lengthy after his dying, the authorities within the U.S. Virgin Islands mentioned in a authorized submitting on Friday.

The payouts to the executors, Darren Indyke and Richard Kahn, are tied to the Butterfly Belief, an funding car Mr. Epstein had established in 2013, in keeping with the submitting by legal professionals for Denise George, legal professional common for the U.S. Virgin Islands.

The court docket submitting by Virgin Island authorities raised questions concerning the switch of tens of millions of {dollars} from a belief initially arrange by Mr. Epstein to a number of trusts that stood to learn the executors.

The switch of cash came about almost a yr after Mr. Epstein killed himself in his jail cell in Manhattan and after Ms. George’s workplace had sued Mr. Epstein’s property.

The Butterfly Belief initially obtained a wire switch of $13 million in April 2020 after the liquidation of one other funding fund during which Mr. Epstein had a stake, in keeping with the submitting. A few of that cash was transferred once more a number of months later to a few newly created entities — two of which listed Mr. Indyke, Mr. Kahn and their spouses because the beneficiaries, the submitting mentioned.

Ms. George and her legal professionals requested a Virgin Islands decide to order the property to undergo discovery requests to verify different property property haven’t been transferred to “enrich” the executors.

“The federal government found that substantial funds saved secret from the federal government have been transferred for the advantage of the coexecutors in an obvious effort to counterpoint themselves and shelter these property from restoration,” the submitting mentioned.

The submitting mentioned the executors additionally had not disclosed a number of million {dollars} in loans they obtained from Mr. Epstein.

Mr. Indyke was Mr. Epstein’s private lawyer, and Mr. Kahn was an in-house accountant. Daniel Weiner, a lawyer for property, mentioned the executors “categorically reject the baseless assertions of wrongdoing made in opposition to them” and mentioned they by no means obtained $13 million.

He added, “The 2013 Butterfly Belief talked about in right now’s submitting by Ms. George has nothing by any means to do with Mr. Epstein’s property or any funds accessible to it.”

The U.S. Virgin Islands sued Mr. Epstein’s property in January 2020 in search of to recoup a minimum of $80 million in tax advantages that native authorities contend his Southern Belief firm obtained by way of deception and fraud. Ms. George has argued the U.S. territory was deceived into granting profitable tax advantages that enabled Mr. Epstein to make use of his personal island residence there as a spot to sexually abuse teenage ladies and younger girls.

The Butterfly Belief had been utilized by Mr. Epstein to make funds to a few of the individuals who helped him recruit and groom teenage ladies for abuse, in keeping with financial institution regulators in New York.

Mr. Epstein’s property, valued at round $600 million on the time of his dying, is now price lower than $185 million after paying $121 million in settlements to greater than 135 victims and almost $200 million in federal taxes.