In December 2022, the government of the U.S. Virgin Islands (USVI) reached a settlement with the estate of Jeffrey Epstein and related entities. Under the deal, the estate agreed to pay $105 million in cash plus one-half of the proceeds from the sale of the island known as Little St. James (owned by Epstein) to the USVI. The settlement resolved civil claims brought by the USVI under its Criminally Influenced and Corrupt Organizations Act (CICO) and laws dealing with sex trafficking, child exploitation and fraud, tied to Epstein’s operations in the territory.
As part of the agreement the estate also agreed to pay $450,000 for environmental remediation of another Epstein-owned island, Great St. James, where Epstein’s activities allegedly included the destruction of historic structures tied to enslaved workers. The terms specify that the proceeds from the settlement must be dedicated to a trust administered by the USVI for projects aiding victims of sexual abuse, human trafficking and supporting related services. The estate did not admit liability or wrongdoing in the settlement.
to contact me:
[email protected]
Become a supporter of this podcast: https://www.spreaker.com/podcast/the-epstein-chronicles--5003294/support.