Jeffrey Epstein estate must pay $105 million settlement in Virgin Islands sex trafficking case

Long after the death of disgraced financier, Jeffrey Epstein, in 2019, his estate has been busy cleaning up the mess he made.

Facing a series of sex trafficking charges, for which Epstein was held without bail at New York’s Metropolitan Correction Center awaiting trial, his reported death by suicide caused a hitch in justice that is about to be served, which is now all ends up in the circle of his allies.

News broke Wednesday that Epstein’s estate reached a settlement with the Virgin Islands, where Epstein kept a lavish party palace on Little St. James, to the tune of $105 million, according to CNBC. The settlement also agrees to send more than half of the proceeds from the sale of Epstein’s Little St. James, where much of his sex crimes were committed, to the Virgin Islands as part of the restitution, in addition to reversing $ 80 million in tax breaks “fraudulently obtained by Epstein and his co-defendants to fuel his criminal enterprise,” according to a statement from the Virgin Islands Justice Department.

“This settlement restores the faith of the people of the Virgin Islands that its laws will be enforced without fear or favor against those who violate them,” Virgin Islands Attorney General Denise George said in a press release that was first reported. by CNBC. “We are sending a clear signal that the Virgin Islands will not serve as a haven for human trafficking.”

Epstein, along with his companion Ghislaine Maxwell, was charged with collaborating for years to entrap young women and using them for sexual pleasure, but Epstein’s attorney, Daniel Weiner, insists this recent settlement is not an admission of guilt.

“[The settlement] does not include any admission or concession of liability or fault by the estate or other parties, and the co-executors deny all allegations of wrongdoing on their part,” Weiner said in a statement.

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“The co-executors ultimately concluded that the settlement is in the best interest of the estate, including the creditors and plaintiffs, to avoid the time, cost and inherent uncertainties of protracted litigation,” Weiner continued. “The settlement is consistent with the intent and practice of the co-executors since their appointment to those roles — to resolve claims related to any misconduct by Jeffrey Epstein in a manner that is sensitive to those harmed.”

Maxwell, who is the subject of a fairly new Netflix documentary called “Ghislaine Maxwell: Filthy Rich,” was sentenced to 20 years in prison in June 2022 for conspiring with Epstein to sexually assault women, many of whom were minors.

“Jeffrey Epstein should have gotten here before all of you,” Maxwell said at her sentencing, according to CNN. “It’s not about Epstein in the end. It’s up to me to be judged… I hope my conviction… brings you to an end.”

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