Bloomberg Law
Dec. 1, 2022, 12:01 AM

Epstein Estate Settles Racketeering Suit With Virgin Islands (2)

Patricia Hurtado
Patricia Hurtado
Bloomberg News

The co-executors of Jeffrey Epstein’s estate have agreed to a $105 million settlement to resolve US Virgin Islands’ racketeering claims against the late financier and corporate entities he controlled, a lawyer for the estate said Wednesday.

Under the terms of the deal, the estate and 10 Epstein-created entities will pay the government of the US Virgin Islands $105 million in cash plus half of the proceeds from the sale of Little St. James, the secluded island on which Epstein lived, according to a statement released by Denise George.

A villa stands on Little St. James Island, owned by fund manager Jefferey Epstein, in St. Thomas, U.S. Virgin Islands, on Wednesday, July 10, 2019.
Photographer: Bloomberg/Bloomberg

The estate has also agreed to pay $450,00 to remediate ...