Friday, 25 July 2014
Last updated 5 hours ago
Aug 2 2010 | 1:13pm ET
Former hedge fund manager and convicted sex offender Jeffrey Epstein has been a free man for little over a week, having completed his sentence for soliciting prostitutes. But the U.S. Justice Dept. is continuing its investigation of the billionaire, and is now looking into whether there is evidence that Epstein engaged in child trafficking.
Epstein served 13 months on the solicitation charges and will be registered as a sex offender for life, but child trafficking is a whole other matter, carrying a possible 20-year sentence, the Daily Beast reports. The former hedge fund manager pleaded guilty to the state charges and settled about two dozen lawsuits in exchange for federal prosecutors dropping their probe of the same crimes.
“Jeffrey Epstein has fully complied with all state and federal requirements that arise from the prior proceedings in Palm Beach,” his lawyer, Jack Goldberger, told the Daily Beast. “There are no pending civil lawsuits. There are not and should not be any pending criminal investigations, given Mr. Epstein’s complete fulfillment of all the terms of his non-prosecution agreement with the federal government.”
But that non-prosecution agreement reportedly only covers those women who have settled with Epstein.
The Federal Bureau of Investigation has reportedly also begun looking at Jean Luc Brunel, a friend of Epstein and head of the MC2 modeling agency. According to the Daily Beast, Epstein gave Brunel $1 million to start the agency and brought some of the underage models Brunel recruited to the U.S. on his private airplanes.
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…