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Leon Black Agreed to Pay $62.5 Million to Settle Epstein-Related Claims



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The billionaire investor Leon Black agreed to pay $62.5 million to the U.S. Virgin Islands in January to be released from any potential claims arising out of the territory’s three-year investigation into the sex trafficking operation of the disgraced financier Jeffrey Epstein, according to a copy of the settlement agreement.The previously undisclosed settlement came after the Virgin Islands reached a $105 million deal in November with Mr. Epstein’s estate. The next month, the territory sued JPMorgan Chase in federal court over the bank’s 15-year relationship with Mr. Epstein, a registered sex offender who killed himself in a Manhattan jail cell in 2019.The Virgin Islands government produced its settlement agreement with Mr. Black in response to a public records request by The New York Times. In January, representatives of the two parties held a private mediation session to settle clai …

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