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Epstein Estate reaches $105 million settlement with Virgin Islands

While disgraced financier Jeffrey Epstein has passed away, many of his assets are not — most notably the two privately owned United States Virgin Islands (USVI) he owns, called Great St. James and Little St. James.

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This week, the USVI reached a settlement with Epstein’s estate by ordering a $105 million cash disbursement to the government from the USVI.

“This settlement restores the faith of the people of the Virgin Islands that the laws will be enforced, without fear or favor, against those who violate them,” said Attorney General Denise George. Associated Press.

The agreement also sees half of the proceeds from the sale of Little St. James going into a trust to help victims of sexual abuse on the island through counseling and other special projects.

Epstein’s estate must also pay more than $450,000 to offset environmental damage on the larger island, Great St. James, where the financier is said to be tinkering with historic ruins.

Each of the two islands is up for sale for $55 million each, and while they offer enviable amenities such as multiple private beaches and a helipad, the offenses associated with their existence make up for the hefty price that many are still unwilling to pay. are payable.

One of Epstein’s other properties, a luxury apartment in Paris, was recently sold to a plastic surgeon for a whopping $10.4 million as the Epstein estate continues to liquidate the criminal’s real estate portfolio.

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