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Epstein Estate to Pay Over $105 Million to U.S. Virgin Islands

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The disgraced late financier was accused of using the region as a base for trafficking in women and children, according to the lawsuit.

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In order to resolve claims that the infamous late financier used the territory as a base for the trafficking of young women and children to his remote private island,

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Jeffrey Epstein's estate has agreed to pay the U.S. Virgin Islands more than $105 million in cash, according to Reuters.

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The agreement was reached over three years after Epstein, whose death in August 2019 was determined to be a suicide,

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was sued by Denise N. George, the attorney general for the U.S. Virgin Islands.

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Half of the revenues from the sale of Little St. James, a private island where Epstein reportedly lived and operated his sex trafficking business,

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are also included in the settlement. The New York Times estimates that the sale might bring in about $55 million.

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Additionally, Epstein's estate consented to pay back more than $80 million in tax benefits that one of his firms, Southern Trust Co, unlawfully received to support his criminal behaviour.

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