Virgin Islands Once more Questions Epstein Property Transactions


A high legislation enforcement official within the U.S. Virgin Islands contends a small financial institution arrange there by the convicted intercourse offender Jeffrey Epstein engaged in a collection of unexplained transactions involving tens of thousands and thousands of {dollars} earlier than and after his loss of life.

The lawyer normal for the Virgin Islands, Denise N. George, mentioned in a court docket submitting final week that representatives for Mr. Epstein’s property “haven’t defined these irregularities” over the transactions. Ms. George provided that as one motive she was against lifting a criminal-activity lien she positioned on a lot of the financier’s $600 million property due to the federal sex-trafficking allegations in opposition to him earlier than he died.

The transactions — totaling $39 million — concerned Southern Nation Worldwide, which Mr. Epstein established in 2014. The bank was an international banking entity permitted to deal with cash solely from nondomestic clients, and Ms. George mentioned among the transactions appeared to violate the financial institution’s constitution.

Andrew Tomback, one in every of a workforce of attorneys working for the property, didn’t reply to a request for remark. However in an e mail included as an exhibit by Ms. George’s workplace, Mr. Tomback mentioned the problems raised concerning the financial institution transactions have been “primarily based upon each incomplete data and defective assumptions, and thus are incorrect.”

Within the submitting, made Thursday, Ms. George mentioned her workplace might discover no document of a $15.5 million mortgage the property mentioned Southern Nation had made to Mr. Epstein to pay for his felony protection. The property had cited the mortgage as the explanation for some $12 million in internet transfers to the financial institution in December.

Her workplace additionally mentioned there was an unexplained switch of $24 million from the financial institution to Southern Belief, an organization that Mr. Epstein based and mentioned was engaged in DNA analysis and evaluation.

In April, the property mentioned Southern Nation had repaid a mortgage late final yr to an organization related to Mr. Epstein’s property, however that submitting didn’t disclose the title of the corporate or the quantity of the cost.

“It’s perplexing that one set of transactions is confirmed by related information, however that the questioned $15.5 million mortgage isn’t,” attorneys for Ms. George’s workplace wrote in a letter included within the displays.

In the identical letter, the attorneys additionally famous that accounts managed by Darren Indyke and Richard Kahn, the coexecutors of Mr. Epstein’s property, had deposited about $9 million into the financial institution in November. Each males have been longtime enterprise advisers to Mr. Epstein.


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