Seven months after Epstein's apparent suicide, new fiscal mysteries are still emerging
Photo: New York State Sex Offender Registry/AP/Shutterstock One of the many unknowns surrounding Jeffrey Epstein’s life and death involves the peculiar circumstances of how a college dropout without any real financial bona fides could rack up a fortune worth hundreds of millions of dollars. Seven months after his apparent suicide, new fiscal mysteries are still emerging: According to a court hearing this week, documents presented to a judge in the U.S.
In August, Epstein’s bank, used to manage offshore dealings, had a little under $700,000 in assets; in December, the estate transferred in $15.5 million. All the funds, save for $500,000, were withdrawn before the end of the year. “There’s no explanation for it,” said Judge Carolyn Hermon-Purcell, who is responsible for the distribution of Epstein’s remaining assets in the Virgin Islands.
Another major oddity was reported this week: Epstein’s bank, Southern Country International, should not have existed due to his criminal history. Still, his 2014 application — in which Epstein sold himself as one of the “pioneers” in investment banking — was approved, becoming one of the U.S. Virgin Islands first international banks.
At the moment, court cases in the U.S. Virgin Islands appear to be the most promising vehicle for uncovering more information about Epstein’s alleged sex-trafficking operation and financial inconsistencies. In addition to the case overseen by Hermon-Purcell that will distribute Epstein’s assets — now estimated to be as much as $634 million — the attorney general of the U.S. Virgin Islands, Denise N.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Everything You Need to Know About Coronavirus—and Why You Shouldn't PanicCold and flu season has been turned on its head with the news of the recent coronavirus outbreak. Originating in Wuhan, China in December 2019,…
Read more »
Why the US uses the Electoral College in presidential electionsIn the U.S. democracy, the Electoral College chooses the president. That means the candidate with the most total votes may not win the election. This leads some to say the Electoral College is not a proper demonstration of the will of the people. Others feel the Electoral College ensures a fair democracy.
Read more »
Why Celebrities Were Encouraged To Re-Wear Their Clothes For The BAFTAsKate Middleton led the way.
Read more »
Why Google finally disclosed YouTube revenueAfter years of providing as little insight into the performance of its different businesses as it could, Alphabet Inc. executives finally divulged financial...
Read more »
Why 'The Rhythm Section' Was Left in the ColdAs much as critics and audiences want stories that break the rules, they seem to reject the films that do so at an alarming rate.
Read more »