The late financier Jeffrey Epstein allegedly through his Southern Trust Company Inc. signed a $25 million deal with the Rothschild Group to provide risk analysis and algorithm-related services, records released by the US Department of Justice have revealed.
The “Letter of Agreement,” unconfirmed by Mint, identifies the deceased convicted sex offender as president of Southern Trust Company Inc., a firm incorporated in the Virgin Islands.
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She outlined the agreement between the company and Edmond de Rothschild Holding SA, represented by Ariane de Rothschild.
What did the letter say?
According to the purported letter, Southern Trust Company was to work with the Rothschild Group on “risk analysis” and “the application and use of certain algorithms,” collectively referred to as “Specified Matters.”
A screenshot of the letter shared by RT News on X read: “Dear Jeffrey: You, on behalf of Southern Trust Company, Inc., a Virgin Islands corporation (“STC”), are working with Ariane de Rothschild on behalf of Edmond de Rothschild Holding, SA (collectively, “Rothschild Group and certain Rothchil Risk Analysis Group”) regarding the application and risk analysis. algorithms with respect to the same (“Specified Matters”).”
“The purpose of this letter agreement (this ‘Agreement’) is to set out the terms under which you will continue to work with the Rothschild Group on behalf of STC on specified matters (the ‘Work’),” he said.
The agreement states that Rothschild Group would pay Southern Trust Company $25 million in consideration for the work.
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In addition to the $25 million fee, the agreement provides for reimbursement of all travel and out-of-pocket expenses incurred by Epstein, Southern Trust Company or its employees, representatives, agents or consultants in connection with the work.
At one point, the letter states: “For work specifically related to outstanding matters between Edmond de Rothschild Holding. SA (“EDRH”) and the United States, Rothschild Group will make a payment of $25,000,000 to STC no later than 3 days after EDRH makes the payment to the US.”
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The agreement further reads: “The Rothschild Group shall reimburse STC for all travel and other out-of-pocket expenses incurred by you, STC or your employees, representatives, agents or consultants of STC in connection with the performance of work under this Agreement.”
The Mint could not authenticate the letter.
The deal was reportedly signed several years after Epstein pleaded guilty to sex crimes charges in Florida in 2008.
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Epstein was found dead in his New York City jail cell in 2019 while awaiting trial on sex-trafficking charges.
He pleaded guilty to and was convicted in a Florida court of procuring a minor for prostitution in 2008, but critics call the conviction a “sweetheart.”
De Rothschild’s connection to Epstein
Reuters reviewed a sample of more than 4,400 times de Rothschild’s name appeared in online searches of the Justice Department. Many of the included files are duplicate links to the same emails. The de Rothschild-Epstein emails mostly date from the mid to late 2010s.
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Ariane de Rothschild, head of the Edmond de Rothschild family’s private Swiss bank, corresponded dozens of times with the late sex offender Jeffrey Epstein and agreed to several meetings in the five years before his arrest and imprisonment in 2019, US Justice Department files showed.
The documents, released by the US Justice Department on Friday, do not appear to contain any signs of criminal activity.
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But they raise questions about an earlier characterization of their relationship by the bank, which was cited by the Wall Street Journal in 2023 as saying she met with Epstein as part of her regular duties at the bank, Reuters reported.
A spokesman said in an emailed statement, according to Reuters, that De Rothschild was unaware of Epstein’s behavior and “unequivocally condemns his behavior and the crimes he committed.”
(With inputs from Reuters)