Epstein (6do encyclopedia)



Jeffrey Epstein was an American financier, science and education philanthropist, convicted sex offender, and accused sex trafficker who was known for his high-profile social and political connections. Born on January 20, 1953, in Brooklyn, New York, Epstein enjoyed a privileged upbringing. His father was a city parks official who turned his son on to finance and Wall Street at an early age. Epstein would go on to make a name for himself in the financial industry, but his reputation would become severely tarnished after revelations of his predatory behavior towards underage girls.

Epstein’s early career in finance began when he dropped out of New York University’s Courant Institute of Mathematical Sciences to become a physics and mathematics teacher at the Dalton School in Manhattan. It was here that he met Alan C. Greenberg, the head of Bear Stearns, who would offer Epstein a job as an options trader. Epstein quickly made a name for himself in the finance world and founded his own investment firm, J. Epstein & Co., managing assets for some of the wealthiest clients in the world.

Epstein’s personal life also garnered attention, often for his connections to powerful individuals. He owned several properties, including a private island in the Caribbean called Little St. James, where he would host guests such as Bill Clinton, Prince Andrew, and Donald Trump. Epstein was known to donate large sums of money to science and education, including $30 million to Harvard University to establish the Program for Evolutionary Dynamics.

However, Epstein’s reputation began to unravel in 2005 when a 14-year-old girl reported that he had sexually abused her. He pleaded guilty to two felony charges of prostitution in 2008 and served 13 months in prison, during which he was granted work release. This lenient sentence was widely criticized, and it was later revealed that Epstein had signed a non-prosecution agreement with federal prosecutors, which granted immunity to any potential co-conspirators in his crimes.

Epstein would once again be arrested in July 2019 and accused of sex trafficking of minors in Florida and New York. He was denied bail and was found dead in his jail cell a month later, with the official cause of death listed as suicide by hanging. Epstein’s death has been the subject of numerous conspiracy theories, with many speculating that it was a murder designed to prevent him from revealing information about his powerful associates or about his own alleged crimes.

Epstein’s history of sexual abuse and trafficking has shed light on the issue of wealthy and influential individuals using their power to exploit underage victims. His association with high-profile politicians and celebrities has also raised questions about corruption and the extent of privilege and power in American society. Epstein’s case remains a contentious topic, with ongoing investigations and lawsuits against his estate seeking justice for his victims.


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US Virgin Islands says it can't find Elon Musk to serve a subpoena in Jeffrey Epstein lawsuit

The Independent

23-05-16 00:24


The government of the US Virgin Islands is seeking to serve a subpoena on Tesla in lieu of its absent billionaire owner Elon Musk. The action relates to a lawsuit brought by the Virgin Islands against JPMorgan. The authorities want Tesla to provide documents connecting Musk and JPMorgan with Jeffrey Epstein, who was awaiting sex trafficking charges and who took his own life in 2019. The authorities believe that Epstein may have referred Musk to JPMorgan. At stake are documents stretching from the start of 2002 onwards, relating to Epstein’s involvement in human trafficking, and payment transfers connected to Musk’s relationship with JPMorgan. The government of the Virgin Islands sued JPMorgan last year. The bank has denied responsibility for Epstein’s offences in the past.

https://www.independent.co.uk/news/world/americas/jeffrey-epstein-ap-elon-musk-jpmorgan-chase-lawyers-b2339474.html
Elon Musk ordered to hand over documents in Epstein case

Telegraph

23-05-15 23:29


Elon Musk has been subpoenaed by the US Virgin Islands as part of its legal case against JP Morgan. The territory suspects Epstein attempted to refer Musk to JP Morgan, and has requested all communications between Musk and the bank and any with Epstein, documents concerning their accounts at the bank and documentation relating to Elon’s payments to Epstein. The Virgin Islands are accusing JP Morgan of facilitating Epstein’s sex trafficking by providing him banking facilities, a claim JP Morgan has dismissed. The Twitter founder has become the latest billionaire to be served a subpoena by the islands.

https://www.telegraph.co.uk/world-news/2023/05/15/elon-musk-jeffrey-epstein-jp-morgan-us-virgin-islands/
US Virgin Islands says it can’t find Elon Musk to serve a subpoena in Jeffrey Epstein lawsuit

Associated Press

23-05-15 23:02


The US Virgin Islands government is seeking to serve a subpoena on Tesla because it has not been able to access billionaire Elon Musk, or his lawyers, in a lawsuit relating to damages incurred by sex trafficking committed by Jeffrey Epstein through JPMorgan Chase. Lawyers asked a Manhattan judge to allow them to serve the subpoena on Tesla because they have tried to deliver it to Musk since 28 April without success.

https://apnews.com/article/jpmorgan-musk-epstein-lawsuit-bd53a39e1329e4616c84762a61552032
Live Markets Public sector pay grows at fastest rate in 20 years - latest updates

Telegraph

23-05-16 07:14


Public sector pay grew by 5.6% in Q1 2023, according to the Office for National Statistics, reaching its highest level since 2003, as more public sector workers demanded pay rises consistent with the 10.1% rate of inflation. The Bank of England fears that wages rising is fuelling inflation. Private sector pay grew by 7% over the same period, with average pay including bonuses falling 3% after taking inflation into account in the year to January-March, or 2% excluding bonuses. According to the Office for National Statistics, 556,000 working days were lost due to strikes in March, up from 332,000 in February. Policymakers are encouraging the public to accept that they are "worse off" due to inflation that has significantly outpaced wage growth.

https://www.telegraph.co.uk/business/2023/05/16/ftse-100-markets-live-news-ons-inflation/
Musk documents subpoenaed in Epstein lawsuit

BBC

23-05-16 04:50


Elon Musk has been subpoenaed by the US Virgin Islands in relation to a lawsuit accusing JP Morgan Chase of enabling Jeffrey Epstein to sex traffic women. The Tesla boss is being called upon to hand over any documents that reveal communication between him, JP Morgan Chase and Epstein. The Virgin Islands is suing JP Morgan Chase for allegedly enabling Epstein's alleged crimes of trafficking women who were sexually abused by Epstein and others on his private island, Little St. James. Epstein died in jail in New York in 2019 while facing trial on sex trafficking charges.

https://www.bbc.com/news/business-65606194
US Virgin Islands issues subpoena to Musk in Epstein lawsuit

Deutsche Welle

23-05-16 03:15


The US Virgin Islands has subpoenaed Tesla CEO Elon Musk for documents in an investigation into JPMorgan Chase’s role in the activities of late sex offender Jeffrey Epstein. The island is investigating Epstein’s issue in Musk’s accounts, transactions, and financial management, or any fee he may have paid Epstein. The subpoena sought documents from January 1, 2022, to the present reflecting the communication between Musk and JPMorgan or Musk and Epstein. Tesla has been served with the subpoena in Musk's absence. Musk stated that "That cretin never advised me on anything whatsoever."

https://www.dw.com/en/us-virgin-islands-issues-subpoena-to-musk-in-epstein-lawsuit/a-65632188
Elon Musk docs sought in Jeffrey Epstein case

The Sydney Morning Herald

23-05-16 03:08


The US Virgin Islands has subpoenaed Elon Musk for documents relating to his connection to the late sex offender Jeffrey Epstein in a lawsuit against JPMorgan Chase & Co, which is accused of enabling Epstein's sexual abuse. The documents demanded include any communications between Musk and JPMorgan about Epstein, communications between Musk and Epstein, and information about fees paid by Musk to Epstein or JPMorgan. According to a court filing, Epstein may have referred Musk to the US Virgin Islands. The subpoena is not seeking to implicate Musk in any wrongdoing, and the US territory is not seeking to question Musk under oath.

https://www.smh.com.au/world/north-america/elon-musk-docs-sought-in-jeffrey-epstein-case-20230516-p5d8ox.html
Elon Musk denies taking advice from ‘cretin’ Jeffrey Epstein

Telegraph

23-05-16 10:51


Elon Musk has denied receiving financial advice from Jeffrey Epstein after a court ordered him to hand over evidence relating to alleged dealings between the two men. The US Virgin Islands has demanded that Musk provide documents or payment records concerning Epstein and investment bank JP Morgan, as well as any evidence he may have regarding Epstein’s sex trafficking. The jurisdiction has sued JP Morgan, accusing the bank of facilitating Epstein’s activities on Little St James by ignoring warnings about him. Musk also claimed that Tesla had no dealings with JP Morgan.

https://www.telegraph.co.uk/business/2023/05/16/elon-musk-jeffrey-epstein-jp-morgan-us-virgin-islands/
Live Markets Public sector pay grows at fastest rate in 20 years - latest updates

Telegraph

23-05-16 07:14


Public sector pay grew by 5.6% in Q1 2023, according to the Office for National Statistics, reaching its highest level since 2003, as more public sector workers demanded pay rises consistent with the 10.1% rate of inflation. The Bank of England fears that wages rising is fuelling inflation. Private sector pay grew by 7% over the same period, with average pay including bonuses falling 3% after taking inflation into account in the year to January-March, or 2% excluding bonuses. According to the Office for National Statistics, 556,000 working days were lost due to strikes in March, up from 332,000 in February. Policymakers are encouraging the public to accept that they are "worse off" due to inflation that has significantly outpaced wage growth.

https://www.telegraph.co.uk/business/2023/05/16/ftse-100-markets-live-news-ons-inflation/
The C.E.O. of OpenAI Heads to Congress to Discuss Rules for A.I.

NY Times

23-05-16 12:14


The CEO of OpenAI will testify before a Senate judiciary subcommittee on the regulation of artificial intelligence (AI). Sam Altman will be asked about how his company and rivals are racing to create a new generation of AI technologies and how these should be regulated. This comes as US lawmakers are looking for ways to rein in the rapidly-growing sector, while allowing innovation to flourish. Lawmakers on both sides of the aisle have stressed the importance of curbing the technology, which can now generate realistic-looking text and images, along with computer code. Altman has been frank about the potential dangers of AI, having stated in March: "It’d be crazy not to be a little bit afraid, and I empathize with people who are a lot afraid." The hearing is being seen as an indicator of the future regulatory environment of the AI sector.

https://www.nytimes.com/2023/05/16/business/dealbook/altman-openai-senate.html?searchResultPosition=1
Four fixes to rescue Toronto’s downtown + a teen sues the TDSB and police

The Toronto Star

23-05-16 11:25


Auto giant Stellantis warned Canadian Prime Minister Justin Trudeau in April that it could pull out of a multibillion-dollar EV deal to build an electric vehicle battery factory in Windsor, Ontario unless the federal government raised its subsidy offer to match those given to Volkswagen in the US. Stellantis has already suspended construction work at the Windsor facility. Ontario Premier Doug Ford said the situation was a cause for concern and called on Trudeau to offer more support, while Deputy Prime Minister Chrystia Freeland called for Ontario to contribute further funds to the deal.

https://www.thestar.com/news/morning-digest/2023/05/16/four-fixes-to-rescue-torontos-downtown-a-teen-sues-the-tdsb-and-police.html
Jeffrey Epstein keeps haunting Wall Street long after his death

The Sydney Morning Herald

23-05-17 20:30


Goldman Sachs’s General Counsel, Kathy Ruemmler, has stated that she told the company about her past dealings with convicted sex offender Jeffrey Epstein before being hired by it in 2020. She explained that Epstein had offered the use of his network to help her drum up business while she was in private practice. She now claims to regret ever knowing Epstein. The revelations highlight the issue of Wall Street onlooking executives connecting with the disgraced financier. The Epstein scandal has put businesses like Citigroup, Bank of America, Barclays, Goldman Sachs and JPMorgan on an unenviable list of Wall Street names. An increasing number of court cases focus on people who worked with or through Epstein behind the scenes to benefit from his wealth and influence. Goldman Sachs has been heavily scrutinised over claims that various executives – including Ruemmler – continued to work with Epstein for many years.

https://www.smh.com.au/business/companies/jeffrey-epstein-keeps-haunting-wall-street-long-after-his-death-20230515-p5d8ct.html
Live Markets Deutsche Bank to pay £60m to settle lawsuit by Epstein accusers - latest updates

Telegraph

23-05-18 06:42


BT is planning to cut up to 42% of its workforce over the next seven years as it seeks to reduce costs and boost profit growth, according to CEO Philip Jansen. Total workers, including employees and contractors, will fall from around 130,000 to between 75,000 and 90,000 by 2030. The telecommunications company has aimed for annual savings of £3bn ($4.1bn) by the end of 2025. The firm has been reducing its workforce for the past five years, though more drastic cuts have been considered since 2019. Jansen’s planned reductions, which will come into effect over several years, reflect in part the shift towards automation and digitalisation in the telecoms industry, as well as the firm’s drive to improve its responsiveness to customers.

https://www.telegraph.co.uk/business/2023/05/18/ftse-100-markets-live-news-deutsche-bank-lawsuit-epstein/
Deutsche Bank to pay $75 million to settle lawsuit by Epstein accusers

CNN

23-05-18 04:43


Deutsche Bank has agreed to pay $75m to settle a class action-related lawsuit brought by Epstein accusers, who claim the bank enabled his sex trafficking activities. Epstein died in jail in August 2019. The former Deutsche client, who had banked with the lender from 2013 to 2018, was also a client of JPMorgan Chase between 1998 and 2013. The bank, which has faced multiple suits regarding Epstein's activities, may yet face similar legal challenges from accusers; the settlement will not prevent future claims from being brought against Deutsche or JPMorgan. The banks have not commented on the settlement.

https://edition.cnn.com/2023/05/18/business/deutsche-bank-epstein-settlement/index.html
Deutsche Bank will pay $113 million to victims of Jeffrey Epstein

The Sydney Morning Herald

23-05-18 04:23


Deutsche Bank is to pay $75m to Jeffrey Epstein's sexual abuse victims in order to settle a case against the bank in New York. The settlement awaits approval from a federal judge and is intended to bring closure to a class-action suit in which the bank was accused of either ignoring or overlooking clear warning signals in Epstein's accounts which showed he was part of a sex trafficking ring. Lawyers for the victims of Epstein have previously sued JP Morgan, while the government of the U.S. Virgin Islands have also taken legal action against the bank.

https://www.smh.com.au/business/banking-and-finance/deutsche-bank-will-pay-113-million-to-victims-of-jeffrey-epstein-20230518-p5d9g5.html
Deutsche Bank agrees to $75M US settlement with Jeffrey Epstein victims

CBC

23-05-18 14:08


Deutsche Bank has agreed to pay $75 million in a settlement over allegations that it should have seen evidence of sexual exploitation by American financier Jeffrey Epstein when he was a client. The lawsuit was launched by a woman only identified as Jane Doe and claimed the bank had profited from Epstein’s sex trafficking. Deutsche Bank was said to have chosen “profit over following the law” to earn millions of dollars from the businessman. The bank has previously acknowledged it made mistakes in taking on Epstein as a client, and has since invested over €4bn ($5.9bn) to bolster anti-financial crime processes.

https://www.cbc.ca/news/world/deutsche-bank-jeffrey-epstein-victims-lawsuit-settlement-1.6847508
Big Tech rivals enter fight over U.S. digital trade

Washington Post

23-05-18 12:30


Technology companies, including email provider Proton, review site Yelp and pricing service Kelkoo, have urged US public officials to reject industry rivals’ attempts to “overrule democratically passed anti-monopoly laws” in the Indo-Pacific negotiations currently taking place. The coalition has voiced concern that big tech companies are trying to “block policies that would prohibit their anti-competitive practices”. They claim that a “lack of transparency” about the talks has led to the views of some digital firms unfairly dominating discussions, with small and medium tech firms largely excluded. Such moves have prompted the involvement of lawmakers from both sides of the US political aisle, as well as consumer advocacy groups, but business groups have said that digital trade provisions would ensure that other countries don’t block US-generated data flows. Meanwhile, the tech industry group that includes Amazon, Google, Apple and Meta, amongst others, has called on the administration to ensure its digital trade policies address potential overseas economic barriers for American tech companies.

https://www.washingtonpost.com/politics/2023/05/18/big-tech-rivals-enter-fight-over-us-digital-trade/
Deutsche Bank to pay $75 million to settle lawsuit from Epstein victims, lawyers say

Associated Press

23-05-18 11:16


Deutsche Bank is to pay $75m to settle a lawsuit by women who say they were sexually abused by the late financier, Jeffrey Epstein. One of the firms representing women in the case called it the biggest sex trafficking settlement with a bank in US history. The lawsuit alleged that the bank knowingly benefited from Epstein's sex trafficking. Deutsche Bank has acknowledged that it was a mistake to take Epstein on as a client, but the bank had thitherto joined JPMorgan Chase, which is also being sued over links to Epstein, in fighting the claims brought by victims. Deutsche Bank said that from 2013 to 2018 it provided "routine banking services" to Epstein, and claimed the lawsuit did not prove it was "was part of Epstein’s criminal sex trafficking ring".

https://apnews.com/article/deutsche-bank-epstein-lawsuit-settlement-637de5a37de933edfefd9a98832bfa8a
Deutsche Bank to pay $75m to set­tle law­suit from Ep­stein vic­tims

Al Jazeera

23-05-18 17:09


Deutsche Bank has agreed to pay $75m to settle a lawsuit claiming the German lender failed to see evidence of sex trafficking by financier Jeffrey Epstein when he was a client. A woman only identified as Jane Doe sued the bank in federal district court in New York and sought class-action status to represent other victims of Epstein. One of the law firms representing women in the case, Edwards Pottinger, said it believed it is the largest sex trafficking settlement with a bank in US history. Deutsche Bank noted that it had invested more than $4.3bn to bolster controls against financial crime.

https://www.aljazeera.com/economy/2023/5/18/deutsche-bank-to-pay-75m-to-settle-lawsuit-from-epstein-victims