Thursday, 5 March 2015
Last updated 1 hour ago
Jul 22 2010 | 1:16pm ET
Former hedge fund manager and convicted sex offender Jeffrey Epstein has completed his sentence for soliciting prostitutes.
Epstein’s 13-month long house arrest—the Financial Trust Co. chief and billionaire was granted work release six days a week, and only served a little more than a year of his 18 month sentence—ended yesterday. Epstein pleaded guilty to two felony counts of soliciting prostitutes, but the accusations against him were much more damning.
Epstein allegedly had as many as 40 young women, including teenagers, give him nude, sexually-charged massages at his Palm Beach, Fla., mansion. He has since settled about two dozen lawsuits stemming from those accusations.
But federal prosecutors ended their probe of his behavior as part of his plea deal with Florida prosecutors.
Epstein still faces several more lawsuits. He must remain registered as a sex offender for the rest of his life.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…