2019-08-10 15:12:18 UTC
himself in jail
Epstein committed suicide in his Lower Manhattan jail cell, according to
three law enforcement officials
effrey Epstein, the investor who faced federal charges of molesting teenage
girls, has died, according to multiple news reports.
Epstein committed suicide in his Lower Manhattan jail cell, ABC News
reported, citing three law enforcement officials. A gurney carrying a man
who looked like Epstein was wheeled out of the Manhattan Correctional
Center around 7:30 a.m., the New York Post reported. The ambulance went to
New York Downtown Hospital.
Epstein had previously been moved to a suicide-watch unit after being found
unconscious in his cell with marks on his neck on July 23, a week after his
bail request had been rejected.
Epstein, a self-described collector of rich and powerful people, had
links to a Whos Who of prominent political and business figures. That
circle, including former U.S. President Bill Clinton and billionaire Leslie
Wexner, all distanced themselves from the financier after his July 2019
U.S. prosecutors said Epstein used his wealth and power to sexually abuse
dozens of young girls for years at his homes, paying them hundreds of
dollars in cash for each encounter and hundreds more if they brought in
The alleged crimes occurred at Epsteins residences in Manhattan and Palm
Beach, Florida, from 2002 to 2005, involving minors as young as 14. The
U.S. accused Epstein of creating a vast network of victims.
Epstein pleaded not guilty to charges of sex trafficking in minors and
conspiracy and said he fully complied with the law for more than 14 years.
His latest arrest came after he pleaded guilty in 2008 to Florida state
charges of soliciting prostitution and served 13 months in prison, after
U.S. prosecutors in that state agreed not to charge him with federal
The agreement provoked outrage after the Miami Herald published an
investigative series on it in late 2018 that led to the resignation of
President Donald Trumps labor secretary, Alexander Acosta, who as U.S.
attorney in Miami at the time worked out the deal with Epsteins lawyers.
His business operations attracted less attention even as federal
prosecutors put his net worth at more than $500 million, and said he had an
income of more than $10 million a year.
Wall Street Connections
Epstein left little imprint on the financial markets but leveraged his
connections with Wall Street to secure a steady flow of commissions and
engagements that supported a lifestyle that included properties in New
Mexico, Paris and the U.S. Virgin Islands, where he bought two private
islands. He liked to shuttle between them by private jet and had at least
15 cars, according to federal authorities.
Epstein based much of his empire in the Virgin Islands, including Financial
Trust Co., which he started in New York in 1981 as a money management firm
called J. Epstein & Co. that he claimed catered only to billionaires.
Born on Jan. 20, 1953, and raised in Brooklyn, Epstein attended Cooper
Union and NYUs Courant Institute but left both without a degree. He landed
a gig teaching calculus and physics at Manhattans exclusive Dalton School
between 1973 and 1975, according to a 2002 New York magazine profile, where
his students included the son of Bear Stearns then-Chairman Alan Greenberg.
He joined Bear Stearns in 1976 as a lowly junior assistant to a floor
trader. In a swift rise, trading options, he made partner four years later,
with former Chief Executive Officer Jimmy Cayne praising his skills. He
left in 1981 to set up J. Epstein & Co., but one bank executive said he
remained close to Cayne and Greenberg and was a client until Bear Stearns
Much of its operations remain unclear. His main client was Wexner, the
founder of apparel maker L Brands. Epstein started managing Wexners money
in the 1980s and a 2003 Vanity Fair profile noted the pair had a close
relationship, so much so that Epstein acquired Wexners Manhattan mansion
Epstein was a subject of fascination at the L Brands headquarters in
Columbus, Ohio. He served as a sort of charge daffaires for Wexner, the
chairman and CEO, on matters ranging from suburban planning to yacht
design. Wexner said through a spokeswoman in July that he had severed ties
with Epstein almost 12 years earlier, around the time of the financiers
arrest in Florida on charges he had sex with a minor.
Rich and Famous
Epsteins links to the rich and famous were extensive. Clinton, Apollo
Global Management LLC co-founder Leon Black and Glenn Dubin, co-founder of
hedge fund Highbridge Capital Management, have all said they regret
associating with him.
Epstein paid victims hundreds of dollars in cash after sex acts,
prosecutors said. They were initially recruited to give Epstein massages,
which became increasingly sexual in nature. At least three of Epsteins
employees were involved in recruiting and scheduling minors for sexual
encounters with him, as well as other unspecified associates, authorities
One was based in New York, while two other assistants based at his mansion
in Palm Beach were responsible for scheduling the encounters there and
escorting victims to a room in the house, according to the indictment.