Jeffrey Epsteins Estate Got a $112 Million Tax Refund

Jeffrey Epstein’s once vast estate — art, jewelry, lavish properties and investments — was meant to be drained by settlements to his many sexual abuse victims and payments to resolve other legal claims.But now it appears that two of his most loyal business associates, who are serving as executors of his estate, stand in line to potentially reap a big benefit.At one point, one of those executors predicted the estate would shrink to less than $40 million from its original $600 million once all the payments were made.

But after a $111.6 million tax refund from the Internal Revenue Service last fall, the estate’s assets have swelled to $145 million, a probate court filing in the U.S.Virgin Islands shows.And with most large claims against the estate having been settled, that newfound cash isn’t likely to make its way to victims of the disgraced financier.

Instead some of his assets could be distributed to the coexecutors, along with other beneficiaries chosen by Mr.Epstein before his death, most of whose identities remain largely shrouded in secrecy.Court filings and depositions have revealed that beyond the coexecutors, who are Mr.

Epstein’s longtime accountant and personal lawyer, another beneficiary is a woman who was Mr.Epstein’s girlfriend at the time of his 2019 arrest on federal sex-trafficking charges.

But there are many others.Mr.Epstein, who killed himself while in prison, had one brother, Mark, who says he doesn’t know if he’s among the beneficiaries.

Regardless of who they are, the notion that this infusion of cash can’t be claimed by victims who have already settled their cases is frustrating to the women and their advocates.“I think that it is morally objectionable for anyone other than a victim to benefit from acts of injustice or wrongdoing,” said Marijke Chartouni, who was sexually abused by Mr.Epstein when she was 20 and has already received a payment from the estate.

“Victims continue to suffer.”Representatives for Mr....