- Jeffrey Epstein, a primarily New York-based financier, died in jail at the age of 66 in August 2019.
- He had been arrested on charges of sex trafficking minors and had pleaded not guilty.
- Epstein ran a money-management firm and was connected to dozens of rich and powerful people.
Financier Jeffrey Epstein, 66, died by suicide in August 2019 while being held at Manhattan's Metropolitan Correctional Center.
He had been arrested in New York City on suspicion of sex trafficking underage girls in the early 2000s.
As a businessman and criminal, Epstein has a long documented history. He owned homes around the world, including an entire private island in the Caribbean. And he was connected to dozens of rich and powerful people, including presidents, CEOs, and billionaires.
On Wednesday, a federal judge unsealed documents naming more than 170 of his associates, again bringing the convicted pedophile into the news.
Here is a look at Epstein's life, career, criminal charges, and famous connections.
After attending Lafayette High School in Brooklyn, Epstein dropped out of Manhattan's Cooper Union in 1971. He then enrolled in New York University's Courant Institute of Mathematical Sciences but left without a degree.
Despite the gaps in his education, Epstein taught calculus and physics at Dalton between 1973 and 1975.
When he was a teacher, Epstein tutored Bear Stearns chairman Ace Greenberg's son and "was friendly" with his daughter, and left the school in 1976 to work at the firm, Vanity Fair reported.
Epstein did well at the firm and was made a limited partner before he decided to leave in 1981 to start his own firm.
New York Magazine credited "those who know Epstein" and "lore" for the only existing and still vague details of the firm's business, which for tax purposes, was run from the island of St. Thomas in the US Virgin Islands.
The firm only accepted clients with $1 billion or more of assets and has been shrouded in secrecy since its founding. Les Wexner, the founder of the clothing brand The Limited and a high-flyer in the fashion industry, has been the only identified client of the firm.
"My belief is that Jeff maintains some sort of money-management firm, though you won't get a straight answer from him," one well-known investor told New York Magazine of Epstein in 2002. "He once told me he had 300 people working for him, and I've also heard that he manages Rockefeller money. But one never knows. It's like looking at the Wizard of Oz – there may be less there than meets the eye."
By 1996, Epstein was the official owner of the largest private residence in Manhattan.
He would also later purchase homes in Paris, Miami, New Mexico, and the entire island of Little St. James in the US Virgin Islands.
Locals later called Little St. James "Pedophile Island", because rumors abounded that he flew young girls on private jets there to sexually abuse them.
Days after Epstein's death, the FBI raided Little St. James to search for evidence.
In 2020, the Virgin Islands attorney general sued Epstein's estate, alleging he lured girls and young women to the island in a "trafficking pyramid scheme."
Epstein's philanthropic efforts culminated in the Jeffrey Epstein VI Foundation, which made headlines for a 2003 donation of $30 million to Harvard University to establish a mathematical biology and evolutionary dynamics program.
The donation showed off some of Epstein's most elite connections, as he was publicly lauded as "brilliant" by then-Harvard professor Alan Dershowitz, who would later help represent him when Epstein was accused of sex crimes in 2007.
The donation joined the ranks of what some saw as Epstein's carefully calculated efforts to curate an image of himself as an elite figure.
"He is this mysterious, Gatsbyesque figure," someone familiar with Epstein told NYMag in 2002. "He likes people to think that he is very rich, and he cultivates this air of aloofness. The whole thing is weird."
Epstein's private plane took Clinton, Spacey, and comedian Chris Tucker to Africa to tour AIDS project sites.
This was one instance of Epstein getting friendly with Clinton, as the former president would reportedly take several flights on Epstein's private plane in 2002 and 2003, according to logs Gawker obtained in 2015.
His public association with Clinton seemed to be by design, as Epstein once said his elite social circle was a "collection" that he invested in.
"I invest in people, be it politics or science," Epstein said in 2002. "It's what I do."
Then a real-estate mogul, Trump described Epstein in 2002 to New York Magazine as someone who "enjoys his social life" and likes women "on the younger side."
"I've known Jeff for 15 years," Trump told the magazine at the time. "Terrific guy. He's a lot of fun to be with. It is even said that he likes beautiful women as much as I do, and many of them are on the younger side."
When he was president, Trump did his best to downplay the friendship.
Speaking to reporters in the Oval Office on July 9, 2019, Trump said he knew Epstein "like everybody in Palm Beach knew him."
Trump continued: "I had a falling out with him a long time ago. I don't think I have spoken with him for 15 years. I was not a fan. A long time ago. I'd say maybe 15 years. I was not a fan of his, that I can tell you. I was not a fan of his."
After years of fielding allegations of sexually abusing young girls, detectives in Palm Beach, Florida, acted on a tip in 2005 from a woman who said a wealthy man named "Jeff" had molested her step-daughter.
But in 2008, Epstein cut a secret deal with Acosta, who was then US attorney of Florida's Southern District. (Acosta served as Trump's labor secretary from 2017 to 2019.)
The deal granted Epstein immunity from federal prosecution, and he pleaded guilty only to solicitation of prostitution and procurement of minors for prostitution.
Epstein only ended up serving a 13-month jail sentence, during which he was allowed to leave jail six days a week to work out of his Palm Beach office.
The Herald's Julie Brown reported that court documents detailed Epstein paying underage girls to give him massages, during which he would often subject them to further abuse and later offer them money to recruit other young girls.
Joseph Recarey, the lead Palm Beach detective on the case, said Epstein was essentially operating a "sexual pyramid scheme." Brown and the Herald identified about 80 women who said Epstein molested or sexually abused them.
A team of prosecutors, including Dershowitz, fought the charges, and Epstein responded to the suits by saying the girls consented to "the acts alleged" and that he believed they were 18, the Daily Beast reported.
The Southern District of New York alleged Epstein's abuse of underage girls took place in his Manhattan and Florida homes.
Epstein was charged on July 8, 2019, with sex trafficking and conspiracy. In the indictment, prosecutors alleged that Epstein molested girls as young as 14 in a sex trafficking operation that ran from at least 2002 to 2005. Epstein pleaded not guilty.
Since Epstein's arrest, unsealed documents related to the investigation into charges alleging Epstein's revealed how the financier's network of employees facilitated his alleged sex trafficking and his close ties to high-profile figures in politics, business, and British royalty.
US District Judge Richard Berman announced in court in July 2019 that he had decided against Epstein's bail request, saying he posed a flight risk as well as a public safety risk, and that there was a potential risk of obstruction of justice.
In his decision, Berman said Epstein was a danger to himself and others and therefore shouldn't be released.
"I find that the government has established danger to others and to the community by clear and convincing evidence," he said, noting that "I doubt that any bail package can overcome danger to the community."
Epstein died while he was being held at Manhattan's Metropolitan Correctional Center.
The death came shortly after he was first hospitalized a month earlier by authorities who found him after a possible suicide attempt. Epstein was placed on suicide watch after the initial attempt.
The judge officially dismissed the case against him in August 2019.
Maxwell, a British socialite, was convicted in 2021 of recruiting victims and abusing them alongside Epstein.
She was sentenced to 20 years in prison after her conviction in 2022.
Many on social media have speculated that the unsealed documents might contain a secret cache of Epstein's friends.
But the list actually includes the identities of several powerful people connected to him as well as some of his victims, household staff, and others' names mentioned in a court case between Epstein accuser Virginia Giuffre and Maxwell. These people were previously identified as John or Jane Does in court filings.
With these newly unsealed documents, we're still learning more about the disgraced financier's life.
from All Content from Business Insider https://www.businessinsider.com/jeffrey-epstein-life-biography-net-worth-2019-7
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