CNN —Billionaire investor Leon Black struck a multi-million dollar settlement with the government of the US Virgin Islands to avoid any legal claims tied to a Jeffrey Epstein sex-trafficking investigation.
According to a settlement document obtained by CNN, Black agreed in January to pay the Virgin Islands government $62.5 million in cash.
In exchange, the Virgin Islands released Black from any current and future legal claims related to Jeffrey Epstein.
There is no suggestion in the USVI settlement that Mr. Black was aware of or participated in any misconduct.”Black has faced a number of accusations and lawsuits over his ties to Jeffrey Epstein.
Last month, the Virgin Islands government said it is seeking $190 million in penalties and disgorgement from JPMorgan Chase, alleging that the bank benefited financially from Epstein’s sex trafficking operation.
Persons:
Leon Black, Jeffrey Epstein, Black, ” Whit Clay, ” Black, Epstein, Epstein —, —, ”, Clay, “, JPM
Organizations:
CNN — Billionaire, CNN, Virgin, Virgin Islands, New York Times, ”, Apollo Global Management, Apollo, ” Forbes, Finance, US, US Virgin Islands, JPMorgan Chase, JPMorgan
Locations:
U.S, US Virgin