Virgin Islands Gov’t Subpoenas Multiple Banks For Epstein’s Financial Records

Palm Beach County Sheriff's Department

Sarah Shaiman

Ten banks have been subpoenaed for their alleged dealings with Epstein and Epstein-related enterprises.

The government of the US Virgin Islands has subpoenaed a number of banks including JPMorgan Chase and Citibank for the late financier Jeffrey Epstein’s financial records, according to an ABC News report.

  • Epstein’s records with ten financial institutions have been issued subpoenas by USVI Attorney Denise George seeking account records, transaction details, and communications concerning Epstein’s financial dealings. 
  • A number of banks are being asked for records concerning “The Butterfly Trust,” an Epstein-adjacent entity with a number of “suspicious transactions”. Epstein allegedly wired 120 transactions totalling $2.65 million through the trust. 
  • George issued a civil forfeiture lawsuit against Epstein’s estate in January alleging that the financier’s convoluted network of companies and business dealings was meant to obscure his alleged sex-trafficking of young girls to Little St. James off the coast of St. Thomas. 
  • The suit says, "Epstein, through and in association with defendants, trafficked, raped, sexually assaulted and held captive underage girls and young women at his properties in the Virgin Islands.” 
  • The attorney general’s office is also scrutinizing the role of Ghislaine Maxwell in Epstein’s operation. Maxwell was arrested July 2 and charged with a federal indictment in New York for allegedly enabling abuse between 1994 and 1997.

However, Epstein’s estate lawyers are unrelenting. ABC reports:

Lawyers for Epstein's estate are seeking to dismiss the government's lawsuit as an untimely action that is interfering with the estate's ability to preserve its assets and to pay claims to its creditors, including alleged victims of Epstein's decades-long pattern of abuse. A voluntary claims restitution program established by the estate began accepting claims from survivors last month.

"Mr. Epstein is not continuing his alleged criminal enterprise, as he is dead," wrote Christopher Kroblin, an attorney for the estate in a court filing in May. "The Government sat on its hands while Mr. Epstein was alive -- notwithstanding that he registered as a sex offender with the Government ten years ago -- and continued to do nothing even months after Mr. Epstein's death," Kroblin wrote.

  • It is wholly unclear how Epstein amassed his fortune. He first purchased Little St. James for $8 million. Eventually, he accrued enough wealth to purchase Great St. James, a neighboring island. 

None of the subpoenaed banks were available for comment. 

Read the full report here.

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