The New York Times reported Wednesday that Jeffrey Epstein's estate agreed to pay $105 million to the U.S. Virgin Islands to end a three-year lawsuit.
The launch of the magazine was held in New York City.
According to the Times, one of his companies received tax benefits from the territory.
The settlement will allow the Virgin Islands to get half of the proceeds from the planned sale of Little Saint James, the small island that became known as "Pedophile Island", which could go for $55 million.
It will take one year for the estate to fulfill the settlement because of the locked up assets.
The estate did not admit to wrongdoing as part of the settlement.
In 2020 the U.S. Virgin Islands attorney general brought a suit against the estate of the man who died in a New York jail. According to the Times, George claimed that the territory was tricked into giving tax benefits to the company that allowed it to abuse girls and women. Little Saint James was purchased for over $8 million. There is a strange temple-like structure on the property and it is not known what it was used for. The Great St. James Island was purchased by him in 2016 and only a small amount of work was done on it. Virginia Roberts Giuffre claimed that Prince Andrew raped her in the U.S. Virgin Islands. Giuffre dropped her lawsuit against Prince Andrew after he paid her a settlement. Ghislaine Maxwell was found guilty last year of procuring girls for prostitution and other crimes. She was sentenced to 20 years in prison after being found guilty. The properties in the U.S. Virgin Islands were put on the market.
Two women sued the financial institutions on Thursday, accusing them of profiting from and facilitating the abuse of girls and women. The claim doesn't have merit, according to the bank. A woman sued Leon Black, a billionaire and the former CEO of Apollo Global Management, on Monday, accusing him of raping her at a New York mansion in 2002. The claims are false, according to a Black spokesman.
Ghislaine was given 20 years for sex traffickers.
The sexual assault lawsuit of prince Andrew was dismissed.
The billionaire was accused of rape in a civil suit.
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