The lawsuit alleged that the disgraced late financier used the U.S. territory as a base for trafficking women and children.
Epstein’s estate also agreed to repay more than $80 million cash in tax benefits that one of his companies, Southern Trust Co, obtained fraudulently to fund his criminal activity.
“The coexecutors ultimately concluded that the settlement is in the best interests of the estate, including its creditors and claimants, to avoid the time, expense and inherent uncertainties of protracted litigation,” a lawyer for the estate, Daniel Weiner, said in an email to theThe lawsuit settlement broadens the scope of Epstein’s alleged wrongdoing and marks the first brought by a government. Other jurisdictions where he owned property, like New Mexico, Florida or New York, may follow suit.
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