US Virgin Islands reach $105M settlement with Epstein estate
Associated PressSAN JUAN, Puerto Rico — 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. 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. A real estate company is listing the island for $55 million, noting that its features include three beaches, a helipad, a gas station and more than 70 acres of land that offer “an array of subdivision possibilities” and “a comprehensive, discreetly located, infrastructure support system.” The company also is offering Great St. James for $55 million, an island of more than 160 acres with three beaches. 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 government previously accused an Epstein-owned business known as Southern Trust Co. of making fraudulent misrepresentations to qualify for the benefits.
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