US Virgin Islands reach $105M settlement with Epstein estate

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US Virgin Islands reach $105M settlement with Epstein estate
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The settlement ends a nearly three-year legal saga for officials in the U.S. territory, which sought to hold Epstein accountable after he was accused of sexually abusing dozens of underage girls.

FILE - This July 25, 2013, file image provided by the Florida Department of Law Enforcement shows financier Jeffrey Epstein. The U.S. Virgin Islands has reached a settlement announced on Wednesday, Nov. 30. 2022, of more than $105 million in a sex trafficking case against the estate of financier Jeffrey Epstein.– The U.S. Virgin Islands announced Wednesday that it reached a settlement of more than $105 million in a sex trafficking case against the estate of financier Jeffrey Epstein.

Epstein’s estate agreed to pay the territorial government $105 million 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. “We owe it to those who were so profoundly hurt to make changes that will help avoid the next set of victims,” said George, who added that she met with three alleged victims who were trafficked and sexually exploited on Little St. James island.

In addition, the estate will return more than $80 million in economic tax benefits that U.S. Virgin Islands officials say Epstein and his co-defendants “fraudulently obtained to fuel his criminal enterprise.” “The co-executors deny any allegations of wrongdoing on their part,” he wrote. “The co-executors ultimately concluded that the settlement is in the best interest of the estate.”

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