Epstein’s Southern Trust Company Signed Deal with Rothschild Group
The paperwork identifies the late convicted sex offender as president of Southern Trust Company Inc., a company registered in the Virgin Islands, and details a “Letter of Agreement” between the firm and Edmond de Rothschild Holding S.A., represented by Ariane de Rothschild.
Under the terms, Southern Trust Company was expected to cooperate with the Rothschild Group on “risk analysis” and the “application and use of certain algorithms,” collectively referred to as “Specified Matters.”
The contract stipulates that in return for these services, the Rothschild Group would compensate Southern Trust Company $25 million.
It further specifies that the payment was tied to unresolved issues between Edmond de Rothschild Holding S.A. and the United States, with the funds due within three days after the Rothschild Group completed its settlement with US authorities.
Beyond the $25 million fee, the agreement allows for reimbursement of all travel and miscellaneous expenses incurred by Epstein, Southern Trust Company, or its personnel, representatives, agents, or advisors while performing the assigned work.
The document also contains confidentiality clauses, mandating that any proprietary or confidential information designated by the Rothschild Group would be safeguarded according to the terms of the agreement.
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