Hedge Fund Manager-Turned-Sex Offender Epstein Released

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.


In Depth

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

Compelling Opportunities In The Alternatives Space

Jul 29 2014 | 9:33am ET

In an environment where many asset classes seem expensive by historical standards...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note