Jeffrey Epstein got $300 mln in US Virgin Islands tax incentives, JPMorgan says

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Jeffrey Epstein got $300 mln in US Virgin Islands tax incentives, JPMorgan says
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JPMorgan Chase said the U.S. Virgin Islands gave Jeffrey Epstein more than $300 million in tax incentives and waived sex offender monitoring requirements, shielding the disgraced late financier as he gave cash and gifts to top officials.

U.S. financier Jeffrey Epstein appears in a photograph taken for the New York State Division of Criminal Justice Services' sex offender registry March 28, 2017 and obtained by Reuters July 10, 2019. New York State Division of Criminal Justice Services/Handout via REUTERSsaid the U.S. Virgin Islands gave Jeffrey Epstein more than $300 million in tax incentives and waived sex offender monitoring requirements, shielding the disgraced late financier as he gave cash and gifts to top officials.

Spokespeople for the U.S. Virgin Islands did not immediately respond to requests for comment after business hours. The territory's police department and de Jongh did not immediately respond to similar requests. Epstein died by suicide at age 66 in a Manhattan jail cell in August 2019 while awaiting trial on sex trafficking charges.JPMorgan had described a "quid pro quo" relationship between Epstein and U.S. Virgin Islands officials such as de Jongh, whose husband, John, served as governor from 2007 to 2015.for eight years and helped arrange visas for some victims, in exchange for Epstein providing a salary, bonuses and tuition for her children's schools.

JPMorgan also said the territory waived restrictions on Epstein's ability to travel, despite his sex offender status.

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