Billionaire Stephen Deckoff buys Jeffrey Epstein's private islands

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Billionaire Stephen Deckoff buys Jeffrey Epstein's private islands
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Jeffrey Epstein used his private retreat in the U.S. Virgin Islands to sexually abuse multiple women. A billionaire plans a new luxury resort there.

"Mr. Deckoff plans to develop a state-of-the-art, five-star, world-class luxury 25-room resort that will help bolster tourism, create jobs, and spur economic development in the region, while respecting and preserving the important environment of the islands," according to a"A significant portion of the sale proceeds are being paid to the Government of the U.S. Virgin Islands under a previously announced settlement agreement between the government and Mr.

Epstein's estate and related entities in November agreed to pay the government of the Virgin Islands more than $105 million to settle claims of sex trafficking and child exploitation. That deal required the estate to pay the Virgin Islands half of the proceeds of the sale of the islands, Little St. James and Great St. James, and another $450,000 to address damages on Great St.

The purchase was reported on the same day that CNBC revealed that lawyers for the U.S. Virgin Islands and an accuser of Epstein'sThe USVI and the anonymous woman accused JPMorgan in civil federal lawsuits of benefiting from Epstein's sex trafficking of young women at his Virgin Islands property. Epstein was for years a customer of JPMorgan Chase, and had millions of dollars in deposits there.

The bank denies the allegations in the lawsuits. But it kept Epstein as a customer until 2013, five years after he pleaded guilty to a Florida state court charge of soliciting sex for money from an underage girl. Multiple women have said they were raped or sexually assaulted on Little St. James, where Epstein had a mansion. They included Virginia Giuffre, who has alleged she was sexually abused there, and in other locations, by

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