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Little is known about where Epstein's fortune comes from. Unlike other well-known financiers, Epstein kept the client list and investments of his US Virgin Islands-based firm — in addition to his own personal net worth — confidential. Read more : The famous connections of Jeffrey Epstein, the elite wealth manager who died in jail while awaiting trial on sex trafficking charges. Epstein, 66, died by suicide in a Manhattan jail on August 10, as he awaited trial on charges of sex trafficking of minors.
Epstein had been in police custody since July 6; he was arrested shortly after exiting his private jet in New Jersey's Teterboro Airport. He pleaded not guilty on July 8 and was being held without bail in New York City. In , Epstein pleaded guilty to charges of solicitation of prostitution and procurement of minors for prostitution in Florida. He'd previously been a teacher at the Dalton School, an exclusive Manhattan college preparatory school. Epstein reached the level of limited partner at Bear Stearns before he left the company to launch his own firm in , Vanity Fair reported.
Epstein's firm was originally called J. Read more : Meet Jeffrey Epstein, the financier reportedly arrested on suspicion of sex trafficking who's rubbed elbows with Donald Trump, Bill Clinton, and Kevin Spacey. That type of secrecy is unusual among top financiers, the magazine reported. Epstein said he invests his client's fortunes into currency markets.
Wexner was not only Epstein's sole confirmed client but also a close friend, according to Vanity Fair. Epstein denies rumors that he owes his firm's success to Wexner, however. Wexner severed ties with Mr. Epstein more than a decade ago," an L Brands spokesperson told Forbes. The Times said that it obtained the documents through a lawsuit based on the Islands' Division of Corporations and Trademarks. Epstein referred to himself as a "bounty hunter," according to Vanity Fair. However, a review of court documents by Vanity Fair found the US attorney's office lost the case.
Epstein was also sued by Citibank in over allegations he defaulted on loans he took out to fund investments, according to Vanity Fair.