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 lawyer common, on Wednesday stated 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 considered one of Epstein’s corporations obtained fraudulently, to gasoline his prison exercise, George stated.

Daniel Weiner, a lawyer for the property, in an announcement stated there was no admission of legal responsibility, and the property’s executors denied wrongdoing.

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

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.