After a three-year legal battle, the US Virgin Islands reached a settlement in a sex trafficking case against the estate of Jeffrey Epstein..The settlement of more than US$105 million was reached after the US territory’s case successfully found Epstein accountable after he was accused of sexually abusing dozens of underage girls and of causing environmental damage on the two tiny islands he owned in the US Virgin Islands. .The islands will be sold as part of the agreement..“This settlement restores the faith of the people of the Virgin Islands that its laws will be enforced, without fear or favor, against those who break them,” Attorney General Denise George said..The estate will pay the territorial government the settlement amount in cash and half of the proceeds from the sale of Little St. James Island, where Epstein owned a home and authorities allege many of his crimes took place.. Jeffery Epstein home in the Virgin IslandsJeffery Epstein home in the Virgin Islands .The estate also will pay $450,000 to repair environmental damage on Great St. James, another island Epstein owned where authorities say he removed the ruins of colonial-era historical structures of slaves..The proceeds received from the sale of Little St. James Island will fund a government trust to finance projects, organizations, counseling and other activities to help residents who have been sexually abused..“We owe it to those who were so profoundly hurt to make changes that will help avoid the next set of victims,” said George, adding she met with three alleged victims who were trafficked and sexually exploited on Little St. James Island..Christie’s International Real Estate company has Little St. James listed for sale for US$55 million, noting its features include three beaches, a helipad, a gas station and more than 70 acres (28 hectares) of land that offer “an array of subdivision possibilities” and “a comprehensive, discreetly located, infrastructure support system.”.The company also has Great St. James listed for US$55 million, an island of more than 160 acres (65 hectares) with three beaches..As part of the settlement, Epstein’s estate will return more than US$80 million in economic tax benefits that US Virgin Islands officials say Epstein and his co-defendants “fraudulently obtained to fuel his criminal enterprise.”.The government previously accused an Epstein-owned business known as Southern Trust Co. of making fraudulent misrepresentations to qualify for the benefits..Daniel Weiner, an Epstein estate attorney, issued a statement saying the settlement does not include any admission or concession of liability or fault by the estate or anyone else..“The co-executors deny any allegations of wrongdoing on their part,” he wrote. “The co-executors ultimately concluded the settlement is in the best interest of the estate.”.Weiner also noted the estate has paid more than US$121 million to 136 individuals through a victims’ compensation fund..Epstein killed himself at a federal jail in New York in August 2019 while awaiting trial. He pleaded not guilty to charges of sexually abusing dozens of girls, some as young as 14 years old..Several sued Epstein and accused him and his longtime companion, Ghislaine Maxwell, of pressuring them into sexual trysts with powerful men..Maxwell, who was convicted on sex trafficking and other charges, was sentenced to 20 years in prison in June.
After a three-year legal battle, the US Virgin Islands reached a settlement in a sex trafficking case against the estate of Jeffrey Epstein..The settlement of more than US$105 million was reached after the US territory’s case successfully found Epstein accountable after he was accused of sexually abusing dozens of underage girls and of causing environmental damage on the two tiny islands he owned in the US Virgin Islands. .The islands will be sold as part of the agreement..“This settlement restores the faith of the people of the Virgin Islands that its laws will be enforced, without fear or favor, against those who break them,” Attorney General Denise George said..The estate will pay the territorial government the settlement amount in cash and half of the proceeds from the sale of Little St. James Island, where Epstein owned a home and authorities allege many of his crimes took place.. Jeffery Epstein home in the Virgin IslandsJeffery Epstein home in the Virgin Islands .The estate also will pay $450,000 to repair environmental damage on Great St. James, another island Epstein owned where authorities say he removed the ruins of colonial-era historical structures of slaves..The proceeds received from the sale of Little St. James Island will fund a government trust to finance projects, organizations, counseling and other activities to help residents who have been sexually abused..“We owe it to those who were so profoundly hurt to make changes that will help avoid the next set of victims,” said George, adding she met with three alleged victims who were trafficked and sexually exploited on Little St. James Island..Christie’s International Real Estate company has Little St. James listed for sale for US$55 million, noting its features include three beaches, a helipad, a gas station and more than 70 acres (28 hectares) of land that offer “an array of subdivision possibilities” and “a comprehensive, discreetly located, infrastructure support system.”.The company also has Great St. James listed for US$55 million, an island of more than 160 acres (65 hectares) with three beaches..As part of the settlement, Epstein’s estate will return more than US$80 million in economic tax benefits that US Virgin Islands officials say Epstein and his co-defendants “fraudulently obtained to fuel his criminal enterprise.”.The government previously accused an Epstein-owned business known as Southern Trust Co. of making fraudulent misrepresentations to qualify for the benefits..Daniel Weiner, an Epstein estate attorney, issued a statement saying the settlement does not include any admission or concession of liability or fault by the estate or anyone else..“The co-executors deny any allegations of wrongdoing on their part,” he wrote. “The co-executors ultimately concluded the settlement is in the best interest of the estate.”.Weiner also noted the estate has paid more than US$121 million to 136 individuals through a victims’ compensation fund..Epstein killed himself at a federal jail in New York in August 2019 while awaiting trial. He pleaded not guilty to charges of sexually abusing dozens of girls, some as young as 14 years old..Several sued Epstein and accused him and his longtime companion, Ghislaine Maxwell, of pressuring them into sexual trysts with powerful men..Maxwell, who was convicted on sex trafficking and other charges, was sentenced to 20 years in prison in June.
