The Attorney General for the Virgin Islands just made some serious waves by adding new names to her lawsuit against the estate of Jeffrey Epstein. Southern Trust was nothing but “a shell that helped hide Epstein’s perversions.” She also added the names of two estate lawyers. Darren Indyke and Richard Kahn, who “had conflicts of interest.” Big-name island officials are waiting to get splashed.
Epstein trust nothing but a shell to hide perversion
The Attorney General for the Virgin Islands, Denise George, amended her complaint against the estate of Jeffrey Epstein last week. Instead of the “cutting edge consulting service” DNA database mining operation it was supposed to be, “Southern Trust was a shell that helped hide Epstein’s perversions.” The amendment charges, “Southern Trust Company existed to secure tax benefits for Epstein, to employ individuals associated with the Epstein enterprise, and to provide a source of income to support his criminal activities.”
That started a lot of controversy. Everyone in the Caribbean is wondering if Governor Albert Bryan Jr., and former first lady de Jongh, were caught in the scandal. Probably not, but others aren’t so lucky. The AG told the Miami Herald that a couple of the estate attorneys have a serious conflict of interest to worry about, but most of the island’s top dogs were deceived. “People can only be liable for evidence that leads to them.”
Tax breaks for medical research
Cecile de Johng was an administrator of the trust, while married to former governor John de Johng. In December, 2012, Epstein approached the Economic Development Authority for tax breaks. Governor Bryan was it’s chairman at the time. He believed Epstein’s story that the company would help the medical industry. “My company’s algorithms will… digest the information as best as they can currently and then spit out its recommendations,” Epstein lied.
To grease the deal through, Epstein agreed “to make a $50,000-a-year charitable donation and support the island’s scholarship fund.” That saved him $145 million in taxes. Ms. George says that Bryan and the board members “had been duped.” Epstein lied to them like he lied to everyone else. He “made those representations to the EDA, an independent government agency. The EDA relied on those misrepresentations in order to issue the benefits. So there’s not anything on the EDA, it was Southern Trust that made the representations.”
The first thing George did when she opened her investigation was look into island “police and legal records, and there were no complaints filed against him.” You don’t blame the victim. “It’s like blaming a homeowner for a burglary because they might have left the window unlocked.” Epstein and his enterprise, she notes, “were very, very good at concealing their actions.”
Other people won’t be so lucky
Ms. George is concerned about the conflict of interest that estate lawyers have with the proposed victim compensation fund. “It’s not fair or impartial.” To get paid, victims have to promise not to sue anyone, anywhere, for anything. By the time the estate gets around to writing checks to the victims, there won’t be any money left. “Co-executors of the Epstein estate, Mr Indyke and Mr Kahn, had conflicts of interest because of their role in Epstein companies named as defendants in the case.”
In the U.K., Jes Staley, the CEO of Barclays, is under separate investigation. The Financial Conduct Authority and the Bank of England’s Prudential Regulation Authority are probing into the “professional relationship” he had with Epstein. Staley downplays the contact and Barclays is trying to give him the benefit of the doubt, because he makes so much money for them. “Accordingly, Mr. Staley retains the full confidence of the board, and is being unanimously recommended for re-election at the annual general meeting.”
Epstein was recorded on tape at “a beach-side gazebo” on his private island telling an associate, “If you need a private banker, talk to Jes Staley.” The banker doesn’t deny it. “They know they can call up and ask me, you know, there’s an opportunity here and might take a very large sum of money, $100 million or more, whatever the number may be and I can give them an answer by the end of the telephone call.” Emails suggest they may have been closer. “U.K. regulators have received a batch of emails between the men dating to the time Staley was at JPMorgan that suggested the pair’s relationship was closer than Staley has claimed.” The New York Times reports, “Staley visited while Epstein was serving his time behind bars.”
Staley and his wife even dropped into Pedophile Island for lunch one day when they just happened to be in the neighborhood. “The pair were close enough in 2015 for Staley and his wife to stop off for lunch on Epstein’s island while they were on a sailing holiday,” Bloomberg reports.