How The USVI Plans On Allocating Their Jeffrey Epstein Cash Grab (10/5/24)

The U.S. Virgin Islands (USVI) is allocating the settlement money from their Jeffrey Epstein-related lawsuits to various community initiatives, but not without facing significant criticism.

1. Community and Health Projects: The funds are being used to build infrastructure such as a behavioral health facility on St. Croix, a sports complex on St. Thomas, and a cultural center on St. John. Money is also allocated for maintaining public housing and renovating health facilities. Additionally, $25 million is earmarked for constructing a new Department of Justice office on St. Croix, along with public housing improvements.
2. Human Trafficking Council: $15 million is being directed to the Virgin Islands Council on Human Trafficking, which will focus on victim services, public awareness, and training to combat human trafficking in the territory.
3. Economic Development and Recovery: Funds will also be used to create the Virgin Islands Catalyst Revolving Fund, providing loans for business growth and home renovations, and an additional $25 million will be invested for future community needs.

Despite these initiatives, the USVI government has faced backlash for what some see as prioritizing profit over the well-being of survivors. Critics argue that the government has been more focused on maximizing financial gains rather than using the settlement primarily to support survivors of Epstein's crimes. This has raised concerns about transparency and the genuine commitment to justice, as some feel the funds are being diverted to broader infrastructure projects rather than directly benefiting the victims of Epstein's actions. The criticism points to a perceived "cash grab" mentality, with more emphasis on bolstering the territory's economy and infrastructure than addressing the needs of those who suffered directly.


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source:

$137.5M Epstein Settlement to Build St. Croix Behavioral Health Facility, St. Thomas Sports Complex, and Audit Epstein’s EDA Benefits (viconsortium.com)