Wednesday, 30 July 2014
Last updated 10 hours 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.
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…