Forbes first reported that billionaire Stephen Deckoff, the founder of the private equity firm Black Diamond Capital Management, bought Jeffrey Epstein's private islands.
An investment firm led by the billionaire Stephen Deckoff has bought two private islands in the U.S Virgin Islands previously owned by the late notorious sex criminal Jeffrey Epstein, Deckoff confirmed to CNBC on Wednesday.
Forbes first reported that Deckoff, the founder of the private equity firm Black Diamond Capital Management, purchased the two islands for $60 million, less than half of their initial asking price.
One of the islands was used by Epstein to sexually abuse young women for years, according to court filings.
“Mr. Deckoff plans to develop a state-of-the-art, five-star, world-class luxury 25-room resort that will help bolster tourism, create jobs, and spur economic development in the region, while respecting and preserving the important environment of the islands,” according to a press relea...
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