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USVI Bank $20M, Tax Break Spark $105M Epstein Settlement

7/11/2026

29 4 Full Breakdown

Summary

Story summary

A dormant U.S. Virgin Islands bank processed over $20 million in transactions weeks before Jeffrey Epstein’s 2019 arrest.
Governor John de Jongh approved a tax break for Epstein’s Southern Trust Company, which earned about $300 million in six years.
After Epstein’s death Southern Country transferred millions to his estate, prompting a $105 million lawsuit settlement and redaction of suspicious activity reports.

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Story summary

A dormant U.S. Virgin Islands bank processed over $20 million in transactions weeks before Jeffrey Epstein’s 2019 arrest.
Governor John de Jongh approved a tax break for Epstein’s Southern Trust Company, which earned about $300 million in six years.
After Epstein’s death Southern Country transferred millions to his estate, prompting a $105 million lawsuit settlement and redaction of suspicious activity reports.