Plans to redevelop Jeffrey Epstein's "pedophile island" into a tourist hotspot have been postponed, according to new claims.

RadarOnline.com can reveal Stephen Deckoff, a private-equity billionaire, bought two islands from the late financier's estate two years ago for the purpose of building a "state-of-the-art" holiday destination by 2025. Article continues below advertisement

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However, the U.S. Virgin Islands government said it had not received any planning applications for development and locals have been baffled by the lack of construction work since the announcement.

Satellite images show both islands, Little St James and its neighbour Great St James , have barely changed since Epstein died in pr

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