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The disgraced financier who was jailed for sex trafficking charges, killed himself at New York's Metropolitan Correctional Center in August 2019. He died before standing trial.
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JPMorgan agreed to the settlement on the same day a federal judge granted class-action status to the lawsuit, saying the number of plaintiffs involved could be "well over 100 people."
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Lawyers for the unnamed woman who filed the proposed class action lawsuit called it "the culmination of two law firms conducting more than a decade-long investigation."
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Financier Stephen Deckoff paid $60 million for Great St. James and Little St. James. He hopes to open a resort on the islands by sometime in 2025.
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The U.S.V.I. says JPMorgan Chase didn't report Jeffrey Epstein's suspicious financial activities and provided him banking services after his 2008 conviction for soliciting a minor.
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The U.S. territory sought to hold the late financier accountable after he was accused of sexually abusing dozens of underage girls and of causing environmental damage on the two tiny islands he owned.
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Wealthy and powerful sex offender Jeffrey Epstein has been dead for three years, but members of the far-right keep invoking him in conspiracy theories to smear their opponents.
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Steven Hoffenberg is believed to have died at least seven days before his body was found this week in Connecticut by police, who responded to a request to check on his welfare.
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Maxwell, 60, could be sentenced to up to 55 years in prison — the most concrete punishment yet for the sex-trafficking conspiracy she operated with disgraced financier Jeffrey Epstein.
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Earlier this month, the judge refused to toss out her conviction after a juror disclosed during deliberations that he had been sexually abused as a child.