Jeffrey Epstein (6do encyclopedia)



Jeffrey Epstein was a convicted sex offender and financier who rose to national attention for his connections to numerous high-profile individuals, including politicians, businesspeople, and celebrities. Born on January 20, 1953, in Brooklyn, New York, Epstein grew up in a working-class family and attended public schools before attending Cooper Union for the Advancement of Science and Art and later New York University.

Epstein’s career in finance began in the 1970s when he became a teacher at the Dalton School in Manhattan. It was during this time that he began to establish connections with wealthy and powerful individuals, including Alan Greenberg, the head of Bear Stearns investment bank. In the early 1980s, Epstein founded his own financial management company, J. Epstein & Co., which specialized in managing assets for wealthy clients.

Over the next several decades, Epstein became increasingly involved in philanthropy and charity work. He established the Jeffrey Epstein VI Foundation, which supported scientific research and education, and was a generous donor to numerous organizations and universities, including Harvard University and the Massachusetts Institute of Technology. Epstein rose to national prominence in 2002 when he was accused of sexually abusing underage girls at his Palm Beach, Florida, mansion.

Epstein eventually pleaded guilty to the charges, serving 13 months in jail and registering as a sex offender. However, controversy continued to swirl around him, with many individuals alleging that he had access to vast wealth and powerful connections that allowed him to avoid more serious legal consequences. Some of these allegations were supported by newly released court documents in July 2019, which revealed that Epstein had sexually exploited and abused dozens of underage girls at his various properties.

Epstein’s connections to powerful elites, including politicians and businesspeople, have led to widespread speculation and conspiracy theories about his life and crimes. His ties to former President Bill Clinton, for example, have been the subject of intense scrutiny, with rumors circulating that Epstein had provided Clinton with underage girls. Clinton has denied these allegations, but the relationship between the two men remains a subject of interest for many observers.

Epstein’s death in August 2019 while in jail awaiting trial has only added to the mystery surrounding his life and crimes. Although his death was ruled a suicide by hanging, many individuals have questioned the circumstances that led to his demise, with some suggesting that Epstein was killed to prevent him from testifying and revealing information about his powerful associates.

Overall, Jeffrey Epstein’s life and crimes have had a profound impact on American society’s perception of sexual exploitation and the ways in which wealthy and powerful individuals are able to evade justice. His case has served as an important example of the insidious ways in which power and privilege can operate, and continues to resonate in the public consciousness.


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Judge rejects bid to disqualify JPMorgan law firm in Epstein litigation

The Globe and Mail

23-05-12 01:44


A judge has rejected a request to disqualify WilmerHale from defending JPMorgan Chase in a lawsuit brought by women over Jeffrey Epstein's alleged sex trafficking and the bank's alleged aid of such trafficking. The request was made by Brad Edwards, representing Epstein accusers in the class action against JPMorgan. WilmerHale had previously represented the anti-sex trafficking group ECPAT-USA, which supported an ultimately unsuccessful bid by one of Epstein's accusers to void a 2007 agreement padding out Epstein from federal prosecution. Epstein was a JPMorgan client from 1998 to 2013.

https://www.theglobeandmail.com/world/article-judge-rejects-bid-to-disqualify-jpmorgan-law-firm-in-epstein/
Judge rejects bid to disqualify JPMorgan's law firm in Epstein litigation

Reuters

23-05-12 00:43


A US federal judge has dismissed a request to disqualify WilmerHale as law firm for JP Morgan Chase against a lawsuit by women claiming to have been abused by Jeffrey Epstein. The women allege that the bank aided Epstein's sex trafficking efforts. Judge Jed Rakoff stated that there was no conflict of interest as WilmerHale once represented an anti-sex trafficking group that supported one of Epstein's accusers. Rakoff added that JP Morgan would suffer "great prejudice" if it was disqualified five months prior to the trial. Wilmington is also representing JP Morgan in a lawsuit launched by the US Virgin Islands, where Epstein allegedly abused women on one of his private islands.

https://www.reuters.com/legal/judge-rejects-bid-disqualify-jpmorgans-law-firm-epstein-litigation-2023-05-12/
Court: Records of Florida grand jury’s Jeffrey Epstein investigation can be made public

The Toronto Star

23-05-11 21:12


An appeals court in Florida has unanimously ruled that transcripts of a grand jury investigation into the lenient plea deal awarded to Jeffrey Epstein nearly two decades ago can be made public under state law. The appellate judges ordered Circuit Judge Donald W. Hafele to review the transcripts and release those which could further justice, restricted to redacting the names of victims, witnesses and individuals not criminally charged. A tradition in the US, older than the country itself, has seen proceedings before a grand jury generally kept secret.

https://www.thestar.com/news/world/2023/05/11/court-records-of-florida-grand-jurys-jeffrey-epstein-investigation-can-be-made-public.html
JPMorgan claims Staley thwarted efforts to sever ties with Epstein

Financial Times

23-05-09 02:19


Former Barclays CEO, Jes Staley, repeatedly protected the late sex offender Jeffrey Epstein by frustrating his then-employer JPMorgan Chase’s attempts to break ties with Epstein, alleges JPMorgan. The bank has launched a lawsuit against Staley in an attempt to make him liable for any penalties that the bank may be forced to pay. Staley denies any wrongdoing. JPMorgan itself is being sued by two plaintiffs over allegations that it facilitated Epstein’s sexual trafficking crimes.

https://www.ft.com/content/4fbd7271-2c08-49d9-99f0-ce26b4ea9a4a
Law firm for JPMorgan in Epstein case fights disqualification bid

Reuters

23-05-08 23:35


Law firm WilmerHale has rejected an effort to stop it from representing JPMorgan in a case alleging it aided the late financier Jeffrey Epstein in his abuse of young women. The pursuer claimed WilmerHale has a conflict of interest, as it supported an anti-trafficking organisation that had assisted one of Epstein’s victims. WilmerHale said the two incidents were unrelated and called the actions of the pursuer “gamesmanship”. The bank has denied any involvement in Epstein’s history of abuse.

https://www.reuters.com/legal/law-firm-jpmorgan-epstein-case-fights-disqualification-bid-2023-05-08/
Sexual harasser should not receive one cent in defamation case: Pauline Hanson

The Sydney Morning Herald

23-05-16 05:23


Former Australian senator Brian Burston has won a defamation payout over accusations of sexual abuse and physical assault made by fellow politician Pauline Hanson. However, Hanson is seeking to overturn the $250,000 damages order, arguing that Burston should never have been awarded a cent as the allegations of sexual harassment, not abuse, were proven in court. During the trial, it was found that Burston had sexually propositioned a member of staff by saying “I can come around to your place. No one would need to know. It will be the best f--- you’ve ever had”.

https://www.smh.com.au/national/sexual-harasser-should-not-receive-one-cent-in-defamation-case-pauline-hanson-20230516-p5d8oh.html
Elon Musk documents subpoenaed in Jeffrey Epstein lawsuit by U.S. Virgin Islands

Japan Times

23-05-16 05:54


The US Virgin Islands has subpoenaed Elon Musk to obtain documents in a lawsuit against JP Morgan concerning the financier and convicted sex offender Jeffrey Epstein. The US territory has accused the bank of overlooking warning signs indicating that Epstein was using St James Island, which he owned, as a hub for the sexual exploitation of women. The subpoena, dated 28 April, requested that Musk provide any documents relating to Epstein’s procurement of women for commercial sex, and any communication between Musk and JP Morgan concerning Epstein. The Virgin Islands’ request does not suggest that Musk is implicated in the allegations. Musk, who has an estimated net worth of over $190bn, has not commented publicly on the subpoena.

https://www.japantimes.co.jp/news/2023/05/16/world/elon-musk-documents-subpoenaed/
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
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/
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
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 to pay $75 mln to settle Jeffrey Epstein accusers’ suit - WSJ

Reuters

23-05-18 02:26


Deutsche Bank has settled a proposed class-action lawsuit for $75 million alleging it facilitated Jeffrey Epstein's sex-trafficking ring. The lawsuit was filed in New York last year by an anonymous woman on behalf of herself and other accusers, alleging the bank did business with Epstein for five years knowing he was engaged in sex-trafficking activity. Deutsche Bank has not yet commented on the settlement.

https://www.reuters.com/legal/deutsche-bank-pay-75-mln-settle-jeffrey-epstein-accusers-suit-wsj-2023-05-18/
European shares rise on US debt ceiling optimism

Reuters

23-05-18 07:17


European stocks rose on Thursday, following the positive sentiment on Wall Street due to signs that the US was nearing a deal to raise the debt ceiling and avoid default. The STOXX 600 index rose 0.4%, with automakers and technology stocks leading gains. German carmaker Volkswagen gained 2.6% on plans to overhaul its brand for higher efficiency and returns, while Deutsche Bank slipped 1.3% following a $75m settlement with women who claim they were abused by Jeffrey Epstein and accused the bank of facilitating his sex trafficking. Luxury fashion brand Burberry fell 4.9% despite stronger-than-expected fourth-quarter sales.

https://www.reuters.com/markets/europe/european-shares-rise-us-debt-ceiling-optimism-2023-05-18/
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 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 will pay US$75-million to victims of Jeffrey Epstein

The Globe and Mail

23-05-18 10:56


Deutsche Bank will pay $75m to settle a class-action lawsuit alleging that the bank helped enable the sex trafficking of young women by convicted sex offender Jeffrey Epstein, according to lawyers representing the victims. If approved by a federal judge, the settlement will resolve the lawsuit filed in New York last year. Deutsche Bank denied comment on the proposed settlement but said that it had taken strides to amend past issues while investing in bolstering its internal controls. This is not the first time Deutsche Bank has been involved in legal action relating to Epstein. In 2020, the bank agreed to pay $150m to New York regulators after it was claimed it repeatedly overlooked suspicious transactions involving Epstein.

https://www.theglobeandmail.com/business/international-business/article-deutsche-bank-will-pay-us75-million-to-victims-of-jeffrey-epstein/
Prescription Drug Shortages

NY Times

23-05-18 10:19


The US is struggling with a shortage of major drug treatments, with some cancer patients struggling to get chemotherapy and many ADHD patients struggling to obtain medications for their condition. Some parents have also been struggling to find children's Tylenol as supplies have been low. Experts have called the ADHD shortage a "public health emergency." The shortages reflect generic drug supply chain issues, where drug companies are often under pressure to offer the lowest prices possible, leading them to cut corners to reduce costs and keep prices low, endangering supply chains. The shortages also hit some brand-name products, leading even more people to be without the drugs they depend on. Demand for ADHD medication has surged in recent years as more people accept the importance of mental health issues and policy changes due to COVID-19 that increased the use of telemedicine.

https://www.nytimes.com/2023/05/18/briefing/drug-shortages-adderall-prescription.html?searchResultPosition=1
J.P. Morgan seeks documents from Manhattan DA in Epstein case

Reuters

23-05-18 14:55


JPMorgan is seeking documents from Manhattan District Attorney Alvin Bragg as part of a lawsuit against the bank by women who say they were abused by Jeffrey Epstein. It is not clear why Bragg took part in a conference in the case, but U.S. District Judge Jed Rakoff instructed him to provide JPMorgan with a privilege log by Friday. The bank's request became known after Deutsche Bank agreed to pay $75m to settle a lawsuit by women who accuse it of facilitating Epstein's sex trafficking.

https://www.reuters.com/legal/manhattan-da-took-part-conference-epstein-related-jp-morgan-suit-court-records-2023-05-18/