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Wednesday, 5 February 2020

Jeffrey Epstein’s Mystery Bank Came Alive After His Death

Millions of dollars that were sent from the estate of disgraced billionaire pedophile Jeffrey Epstein into a dormant bank he had opened in 2014 has raised questions from a judge overseeing a court case over his remaining assets.  
In court documents obtained yesterday regarding the billionaire's Virgin Islands assets, a judge found that in August last year, when Epstein was found hanged in his jail cell, the financier's bank in the territory - Southern County International - had no more than $693,157. 
In December, Epstein's estate transferred $15.5 million to the bank. The bank sent back $2.6 million, leaving $12.9 million. 
There was then a withdrawal of almost all funds before the end of the year, leaving the balance at around $500,000.  
Epstein's lawyers said the transfers were made in error but Judge Carolyn Hermon-Purcell has demanded the Epstein estate provides details on what happened. 
At a hearing yesterday regarding Jeffrey Epstein's remaining assets, it was discovered that millions of dollars had been sent from his estate to his bank on the US Virgin Islands after the financier's death. This March 28, 2017, file photo, provided by the New York State Sex Offender Registry, shows Jeffrey Epstein
At a hearing yesterday regarding Jeffrey Epstein's remaining assets, it was discovered that millions of dollars had been sent from his estate to his bank on the US Virgin Islands after the financier's death. This March 28, 2017, file photo, provided by the New York State Sex Offender Registry, shows Jeffrey Epstein
The pedophile also owned a 75-acre island in the US Virgin Islands, which became his high-security getaway after he bought it back in 1998
The pedophile also owned a 75-acre island in the US Virgin Islands, which became his high-security getaway after he bought it back in 1998
Epstein died in August at MCC Manhattan (above) while awaiting trial on charges he sexually abused dozens of girls as young as 14 and young women in New York and Florida
Epstein died in August at MCC Manhattan (above) while awaiting trial on charges he sexually abused dozens of girls as young as 14 and young women in New York and Florida
Southern County International, a specialized bank created for dealing with offshore clients, was set up by Epstein in the Virgin Islands in 2014.  
The bank renewed its license every year up until Epstein apparently killed himself.
Despite the renewals, there has been no indication that the bank was operating as a business in the the time it was open. 
Many of the victims were allegedly aspiring models from South America and he used fake modeling visas to fly them across international borders to his two islands - known as Little Saint James (above)and Great Saint James - a lawsuit claims
Many of the victims were allegedly aspiring models from South America and he used fake modeling visas to fly them across international borders to his two islands - known as Little Saint James (above)and Great Saint James - a lawsuit claims
Drone video reveals close up details of Epstein's secretive island
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His cell is seen above after his death. His death was ruled a suicide by hanging by the New York City medical examiner, but his attorneys have contested that finding
His cell is seen above after his death. His death was ruled a suicide by hanging by the New York City medical examiner, but his attorneys have contested that finding
The approval of Epstein's application is also highly irregular due to Epstein's reputation as a known and previously convicted pedophile, according to a report from the New York Times. 
In January, a lawsuit filed by the US Virgin Islands posthumously accused Epstein of sexually abusing and trafficking hundreds of girls and young women on his private Caribbean island as recently as 2018 and had a database to keep track of their availability.
The lawsuit, filed against the millionaire pedophile's estate last month claimed Epstein used his two private islands in the U.S. territory to engage in a nearly two-decade conspiracy to traffic and abuse girls as young as 11 or 12.
Many of the victims were allegedly aspiring models from South America and he used fake modelling visas to fly them across international borders to his two islands - known as Little Saint James and Great Saint James - the lawsuit claims. 
Epstein's net worth is estimated at $634 million - tens of millions of dollars more than first thought. 
At the time of his death last August, the disgraced pedophile's estate was said to be worth $577 million, but the revised sum ($57 million more) is now laid out in a new quarterly accounting document  obtained Monday. 
In the six months since he died, Epstein's executors have liquidated four of bank accounts and sold off his fleet of luxury cars to bolster the worth of his estate.  
Epstein, who grew up in a working class Brooklyn family, was a financier, but there is still some mystery as to how he managed to acquire such astronomical sums of money.  
According to the new documents, the executors have sold five of Epstein's cars including a $195,000 Bentley, a $133,200 Mercedes and three Chevrolet Suburbans worth a total of $112,000. 
The identities of the purchasers have not been disclosed.   
Epstein's estate also closed four bank accounts associated with his companies. The accounts held more than $500,000 in cash combined. 
The document also reveals that Epstein did his main banking through two banks in Puerto Rico - 1 First Bank and Banco Popular. 

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