Jeffrey Epstein’s Mystery Bank Came Alive After His Death

Authored by nytimes.com and submitted by MrPennsylvania
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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, Mr. Epstein described himself as one of the investing world’s “pioneers” and said he wanted to pursue the “dynamic discipline of international banking.”

Officials in the Virgin Islands, the United States territory where Mr. Epstein set up most of his businesses, approved a license for him in 2014 to run one of the territory’s first international banking entities, a specialized bank that can do business only with offshore clients. The approval was unusual, given Mr. Epstein’s status as a convicted sex offender.

The bank, Southern Country International, renewed its license for each of the next five years, but it’s unclear whether it conducted any business or had any customers. Mr. Epstein, who died while in federal custody last summer following his arrest on sex trafficking charges, does not appear to have done any marketing for the bank or hired much staff.

billionthtimesacharm on February 5th, 2020 at 03:20 UTC »

$635 million estate. that’s a lot of hush money.

JohnGillnitz on February 5th, 2020 at 01:00 UTC »

Amazing how millions of dollars just disappear and no one knows where it went.

kpetrie77 on February 5th, 2020 at 00:26 UTC »

Epstein’s bank didn’t kill itself either.