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☆ JPMorgan will pay $75 million to settle US Virgin Islands Jeffrey Epstein sex-trafficking claims
▼ + stars: | 2023-09-26 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +6 min

JPMorgan is paying $75 million to settle a lawsuit from the US Virgin Islands over links with Jeffrey Epstein. JPMorgan is still pointing fingers at the US Virgin Islands, saying the funds will be used to shore up its law enforcement. AdvertisementAdvertisementJPMorgan Chase has agreed to pay $75 million to settle a civil lawsuit from the US Virgin Islands over claims that it facilitated Jeffrey Epstein's sex trafficking operation. The funds come on top of the $290 million JPMorgan Chase has already agreed to settle a separate class-action lawsuit brought by Epstein victims, to fund a compensation program. Epstein owned two islands in the US Virgin Islands, which were sold by his estate earlier this year to billionaire Stephen Deckoff for $60 million.

Persons: Jeffrey Epstein, Jes Staley, —, Chase, Jeffrey Epstein's, Motley, JPMorgan Chase, Epstein, Staley, Stephen Deckoff, Denise George, Ariel M, Smith, Patricia Wexler, Wexler, Ghislaine Maxwell Organizations: JPMorgan, US Virgin Islands, Service, US, Islands, Motley Rice LLC, Barclays, Virgin, Virgin Islands, Department, Justice, Deutsche Bank Locations: Virgin, Manhattan

Little St. James Island, one of the properties of financier Jeffrey Epstein, is seen in an aerial view near Charlotte Amalie, St. Thomas, U.S. Virgin Islands July 21, 2019. An investment firm led by the billionaire Stephen Deckoff has bought two private islands in the U.S Virgin Islands previously owned by the late notorious sex criminal Jeffrey Epstein, Deckoff confirmed to CNBC on Wednesday. One of the islands was used by Epstein to sexually abuse young women for years, according to court filings. Little St. James covers more than 70 acres, and Great St. James is more than double the size of its neighbor. Multiple women have said they were raped or sexually assaulted on Little St. James, where Epstein had a mansion.

☆ A billionaire bought Jeffrey Epstein's 2 private islands in the Caribbean for $60 million — less than half the initial asking price
▼ + stars: | 2023-05-03 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +3 min

Jeffrey Epstein's two private islands in the Caribbean have sold for $60 million. That's less than half the $125 million asking price the islands had when they hit the market last March. The islands, called Little St. James and Great St. James, together listed for $125 million in March 2022. Epstein bought the 72-acre Little St. James for $7.95 million in 1998. The FBI reportedly raided Little St. James, where Epstein was believed to have his primary residence, in the days after his death.

☆ Billionaire Investor Buys Epstein’s Private Islands for $60 Million
▼ + stars: | 2023-05-03 | by ( Matthew Goldstein | ) www.nytimes.com time to read: +1 min

A billionaire investor with ties to the U.S. Virgin Islands paid $60 million to buy Jeffrey Epstein’s island residences off the coast of St. Thomas — closing another chapter in the financial dealings of the disgraced financier who died by suicide in 2019 in a Manhattan jail while awaiting trial on sex-trafficking charges. The investor, Stephen Deckoff, paid roughly 50 percent less than the price Mr. Epstein’s estate listed for the two private islands last year. A portion of the sale proceeds will go toward a $105 million settlement that Mr. Epstein’s estate reached last year with the government of the U.S. territory in the Caribbean. Mr. Deckoff, in a news release, said he planned to build a 25-room resort on the islands. A lawyer for Mr. Epstein’s estate confirmed the sale but declined to comment further.

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