Facts (18)
Data Freshness
Fresh
Last update: 11d ago · Avg age: 45d
Confidence Tiers:
Primary Source — cross-referenced government/corporate filings
Pending Review — sourced but not independently verified
AI Inference — analytical hypothesis from cross-referencing
Documented Records (17)
Sourced from government databases, press reports, and corporate filings. Not yet independently verified.
Primary Source
VIEDA proposed FY 2025 Budget includes $5,175,616 allocated to Personnel Services with 48 full-time positions, 43 currently filled positions, and 5 vacancies including one new position
Primary Source
Wayne Biggs, Chief Executive Officer of the Virgin Islands Economic Development Authority delivered its proposed FY 2025 Budget of $6,613,000 to the Committee on Budget, Appropriations, and Finance
Primary Source
Representative Stacey Plaskett served as general counsel for the Virgin Islands Economic Development Authority prior to serving in Congress, as stated in official congressional hearing records
Primary Source
Percival E. Clouden, Chief Executive Officer of the Virgin Islands Economic Development Authority, testified before the Committee on Finance with staff members Ms. Jennifer Nugent-Hill, Assistant Chief Executive Officer and Chief Operating Officer and Mr. Ernest Halliday, Director of Administration and Finance
Primary Source
The Virgin Islands Economic Development Authority is a semi-autonomous government instrumentality created on February 1, 2001
Primary Source
Wayne Biggs, director of the Economic Development Authority, testified before legislators regarding concerns about consumption tax proposals potentially making incentive programs more difficult to sell
Primary Source
In total, Epstein received more than $300 million in tax exemptions over the 19 years between 1999 and 2018 through the Virgin Islands Economic Development Authority programs
Primary Source
Epstein's Financial Trust Company received hundreds of millions of dollars in tax incentives between 1999 and 2012 from the Virgin Islands Economic Development Authority
Primary Source
Virgin Islands Economic Development Authority had refused to release any information about the tax benefits that Jeffrey Epstein received for years, until figures were made public in 2023 as part of a lawsuit the government filed against JP Morgan
Primary Source
Wayne L. Biggs, Jr. testified for the Fiscal Year 2026 budget before the Committee with executive team members Dwayne A. Benjamin and Tracy Lynch Bhola, Esquire, General Counsel
Primary Source
Wayne Biggs, Jr., Executive Director, Virgin Islands Economic Development Authority delivered testimony to the Committee on Finance for the Fiscal Year 2014 Budget Hearing before the 30th Legislature of the Virgin Islands
Primary Source
The V.I. government responded in court that it is not a proper party to the action and that the V.I. Code identifies the EDA as a public corporation having a legal personality separate and apart from the Government of the Virgin Islands
Primary Source
EDA acknowledged it must comply with all laws of the U.S. Virgin Islands, including the Open Records Act, while being under obligation to protect confidential documents of all beneficiaries, according to CEO Biggs' attorney Henry C. Smock in answer to the New York Times suit
Primary Source
Virgin Islands Economic Development Authority CEO Wayne Biggs Jr. issued press release calling statements by Mac Private Equity about pending EDC status 'false and misleading' and stated that neither Mac Private Equity Inc. nor MPE Clearing & Holdings, Inc. has applied for tax incentives
Primary Source
Lawsuit filed Monday in U.S. District Court by attorney Michael Sheesley on behalf of plaintiff Alex Gibson, naming defendants B. Matthew McClafferty, Mac Private Equity Inc., and MPE Clearing & Holdings, Inc., with EDA denying ties to the company accused of running a Ponzi scheme
Primary Source
Superior Court marshals acting Writs-of Execution on several individuals noted in EDA 2014 Budget Hearing Presentation document
Primary Source
The New York Times filed suit against EDA CEO Wayne Biggs Jr. for failing to respond to the newspaper's public records request regarding Jeffrey Epstein-related documents
Raw Filing Records (1) — unsourced metadata
Pending Review
Search scope note: No sec filings found for "Virgin Islands Economic Development Authority (EDA)" in automated database search as of 2026-04-12. This reflects search coverage limits, not confirmed absence from public record.
Added: 12 Apr 2026
UNVERIFIED Research: Virgin Islands Economic Development Authority (EDA) — SEC filings (no …
All Connections (4)
tax_incentive_beneficiary
primary
since 1999
EDA provided Epstein's Financial Trust Company hundreds of millions in tax incentives between 1999 and 2012, with total exemptions exceeding $300 million over 19 years (1999-2018). EDA refused to release information about these benefits until 2023 when disclosed in JPMorgan lawsuit.
litigation_disclosure
primary
since 2023
Information about Epstein's tax benefits from EDA was made public in 2023 as part of a lawsuit the Virgin Islands government filed against JPMorgan Chase regarding Epstein.
tax_incentive_recipient
primary
since 1999
Epstein's Financial Trust Company received hundreds of millions of dollars in tax incentives between 1999 and 2012 from the Virgin Islands Economic Development Authority.
organizational_relationship
primary
since 2015
Both entities were identified as defendants in federal court case USCOURTS-ca3-15-01406 involving tax incentive businesses, and Wayne L. Biggs, Jr. serves as CEO of the Virgin Islands Economic Development Authority while providing testimony regarding USVIEDA operations
Sources (9)
2026
UNVERIFIED Research: Virgin Islands Economic Development Authority (EDA) — Lobbying disclos…
government_disclosure
Processed
2026
UNVERIFIED Research: Virgin Islands Economic Development Authority (EDA) — Corporate regist…
government_disclosure
Processed
2026
UNVERIFIED Research: Virgin Islands Economic Development Authority (EDA) — USASpending cont…
contract
Processed
2026
UNVERIFIED Research: Virgin Islands Economic Development Authority (EDA) — SEC filings (no …
sec_filing
Processed
Goblin House