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

© Reuters. FILE PHOTO: Little St. James Island, one of many properties of financier Jeffrey Epstein, is seen in an aerial view close to Charlotte Amalie, St. Thomas, U.S. Virgin Islands July 21, 2019. REUTERS/Marco Bello/File Picture

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.