Jeffrey Epstein property reaches settlement with U.S. Virgin Islands By Reuters

By Jonathan Stempel

NEW YORK (Reuters) – Jeffrey Epstein’s property has reached a nine-figure settlement with the U.S. Virgin Islands to settle claims the late financier used the territory as a base for his decades-long sex-trafficking operation.

Denise George, the territory’s legal professional common, on Wednesday mentioned the property pays $105 million in money plus half the proceeds from the sale of Little St. James, a non-public island the place Epstein had a house and allegedly carried out many crimes.

The settlement consists of the return of greater than $80 million in tax advantages that one in every of Epstein’s firms obtained fraudulently, to gas his legal exercise, George mentioned.

Daniel Weiner, a lawyer for the property, in a press release mentioned there was no admission of legal responsibility, and the property’s executors denied wrongdoing.

“The settlement is according to the co-executors’ acknowledged intent and apply since their appointments to these roles–to resolve claims associated to any misconduct by Jeffrey Epstein in a way delicate to those that suffered hurt,” Weiner mentioned. 

George first sued the property for civil penalties and asset forfeitures in January 2020. Epstein, a registered intercourse offender, had killed himself 5 months earlier in a Manhattan jail whereas awaiting trial on intercourse trafficking expenses.