Southern Trust Company, Inc. (originally incorporated as Financial Informatics, Inc. in 2011) was an Epstein-controlled entity that allegedly defrauded the U.S. Virgin Islands government of over $73 million in tax incentives by falsely claiming to provide 'biomedical and financial informatics' services while actually functioning as a conduit for payments related to Epstein's criminal enterprise.

The company appears in court filings documenting allegations of tax fraud and false statements to the Virgin Islands Economic Development Commission (EDC). Documents show Southern Trust held substantial assets (~$391 million in 2015) and received tax incentives from 2013-2023, including 90% income tax exemption and 100% exemptions from gross receipts, excise, and withholding taxes. The mentions detail allegations that Epstein knowingly made false statements to the EDC about the company's business purpose, concealed material facts, and used the entity to fund his trafficking enterprise rather than perform legitimate informatics services.

Key Highlights

• •Allegedly obtained $73 million in fraudulent tax incentives by misrepresenting its business to the Virgin Islands EDC as providing 'cutting edge consulting services' in biomedical and financial informatics
• •Court documents allege the company performed no actual informatics services and instead acted as a financial conduit for Epstein's enterprise, including payments to foreign women and aircraft
• •Originally incorporated as Financial Informatics, Inc. on November 18, 2011, then renamed to Southern Trust Company, Inc. in September 2012
• •Held approximately $391 million in assets as of 2015 and was included in the $105 million settlement between Epstein's estate and the U.S. Virgin Islands

Frequently Asked Questions