In the years after Jeffrey Epstein registered as a sex offender, he closed his money management firm and started a business to develop algorithms and mine DNA and financial databases.Then he set up a bank.In a banking license application reviewed by The New York Times, Epstein described himself as one
In the years after Jeffrey Epstein registered as a sex offender, he closed his money management firm and started a business to develop algorithms and mine DNA and financial databases.In a banking license application reviewed by The New York Times, Epstein described himself as one of the investing world’s “pioneers” and said he wanted to pursue the “dynamic discipline of international banking.”
And yet, after Epstein’s death, his estate transferred more than $12 million to Southern Country, according to court documents. The territory had passed its international banking entity law a year earlier, in hopes of enticing investment from overseas. It modeled its law on that of Puerto Rico, where international banking entities have existed for three decades.
“For a relatively brief period, in what has otherwise been a productive and accomplished life,” the application said, Epstein “did face some legal difficulties relating to matters alleged to have taken place seven years ago.” The application noted that a federal investigation had been “discontinued.”
The application was submitted by Erika Kellerhals, a longtime tax lawyer for Epstein in the Virgin Islands. She did not return requests for comment.
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