The bank was located in the Virgin Islands.
By Catholics for Catholics
Right before Jeffrey Epstein was arrested in 2019, a mysterious bank that belonged to him underwent activity, bringing fresh questions about what was the goal of his financial institution and the millions of dollars that later became part of a federal investigation, according to an investigative story by the Miami Herald.
According to a story by Newsmax, just uncovered Justice Department records show that more than $45 million flowed through a little-known bank owned by Jeffrey Epstein in the months adjacent to his 2019 arrest and death.
The federal records show movement at Southern Country International, an offshore-style bank Epstein created in the U.S. Virgin Islands that had lingered mostly inactive for years before abruptly processing tens of millions of dollars in transactions right before the disgraced financier was apprehended on federal sex trafficking charges on July 6, 2019.
According to the documents, more than $20 million flowed through the bank between April and early July 2019. After Epstein’s death at a Manhattan detention facility on Aug. 10, 2019, an additional $25 million moved through Southern Country before the bank’s balance fell to less than $500,000 by the end of the year.
The federal probe records also show that the FBI and Virgin Islands authorities opened a joint wire fraud investigation in 2020 into a $15 million transfer from one of Epstein’s accounts at Deutsche Bank to Southern Country one day after his death.
Still, the probe was concluded four years later, according to an FBI memorandum released by the Justice Department. Nevertheless, the memo provides no clarification for why the case was closed or whether investigators reached any deductions.
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