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Grand Rising
>Farkas’ Caribbean businesses.
Jeffrey Epstein was deep into legal trouble when he cut a deal near his private Caribbean island with a titan of New York real estate, Andrew Farkas. The scion of the family that built Alexander’s department store, Farkas made Epstein a partner in a small marina on St. Thomas in the U.S. Virgin Islands, not far from where Epstein was developing a 70-acre island.
The May 2007 arrangement gave Epstein an entree to the high-end world of luxury yachting, a business befitting his lifestyle and the wealthy people he spent decades courting. It united Epstein — who would soon become a convicted sex offender and is now accused of abusing and trafficking girls as young as 14 — with a key figure in New York’s business and political scene.
And it provided near anonymity. For more than a decade since the partnership was formed, the public records of Farkas’s port company have glossed over the involvement of the convicted felon.
The marina deal, though a modest venture for a Farkas company, is the latest example of an arrangement between Epstein and a wealthy partner that’s been largely under wraps. Epstein long described himself as a financier who catered to the needs of the mega-rich. Until recently, his financial ties have been traced mostly to retail mogul Leslie Wexner.