Jackie Fine Arts, Inc. was a New York art tax shelter company that operated in the late 1970s-1980s, selling limited partnerships in art reproductions. The company is relevant because Bernard Indyke, father of Darren K. Indyke (Epstein's longtime lawyer and estate co-executor), was associated with the firm.

IRS audits found Jackie Fine Arts partnerships had inflated valuations and were abusive tax shelters. Federal courts in Faircloth v. Jackie Fine Arts (1988) and Rose v. Commissioner (1989) found the investments lacked economic substance. The Tax Reform Act of 1986 ended the art tax shelter industry.

Bernard Indyke was associated with the company. His son Darren K. Indyke graduated Cornell Law in 1991, joined Gold & Wachtel (which represented Epstein from 1988), and became Epstein's personal attorney for 25 years and estate co-executor.

Sources

Faircloth v. Jackie Fine Arts, 682 F. Supp. 837 (1988); Rose v. Commissioner, 868 F.2d 851 (1989); The Daily Beast. "Jeffrey Epstein's Right-Hand Mystery Men" (2020); ABC News. "Virgin Islands takes aim at Epstein's lawyer, accountant" (2021)