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Jeffrey Epstein
1953–2019 · 66 years
The teacher without a degree whose 2008 plea deal became a scandal
Seymour Epstein cut grass for the New York City parks department, and his older son grew up in Sea Gate, a gated pocket of Coney Island, playing piano from the age of five and tutoring classmates for pocket money. Jeffrey skipped two grades, finished Lafayette High School at 16, took advanced mathematics at Cooper Union and then at NYU's Courant Institute, and left in 1974 without a degree. Three months later, at 21, he was teaching calculus at the Dalton School on the Upper East Side, hired without credentials. Dalton dismissed him in 1976 for poor performance. By then a Wall Street executive he had impressed at a parent-teacher conference had recommended him to Bear Stearns.
What Epstein did for a living was never clear. He made limited partner at Bear Stearns by 1980, left in 1981 over a securities violation, and in 1988 founded a money management firm whose client list he refused to disclose. In 1996 he moved it to the US Virgin Islands, where tax exemptions cut his effective rate to four percent. In 2005, Palm Beach police opened an investigation after a parent reported what Epstein had done to her 14-year-old stepdaughter. Investigators eventually identified 36 girls between the ages of 14 and 17 with the same account.
By 2007 federal prosecutors in Miami had drafted a 53-page, 60-count indictment. It was never filed. Instead the US Attorney, Alexander Acosta, signed a non-prosecution agreement giving Epstein immunity from all federal charges, extending it to four named co-conspirators and to any unnamed potential co-conspirators, and closing the FBI investigation. The agreement was deliberately kept from the victims. Epstein pleaded guilty on June 30, 2008 to two state prostitution counts, served 13 months of an 18-month sentence in a private wing of the county stockade, and spent most of it on work release, 12 hours a day, six days a week. In 2018, Julie K. Brown of the Miami Herald found 80 victims, located about 60, and published the series Perversion of Justice.
Brown's reporting reopened the case. A federal judge ruled that the 2008 agreement had violated the Crime Victims' Rights Act. Federal agents arrested Epstein on July 6, 2019 on sex trafficking charges, and Acosta resigned as Labor Secretary within two weeks. Epstein was found dead in his cell at the Metropolitan Correctional Center on August 10. The New York City medical examiner ruled it a suicide by hanging. A pathologist retained for his estate said the injuries were more consistent with strangulation. The Justice Department inspector general reported in 2023 that jail staff had been negligent, and found no evidence of homicide. Ghislaine Maxwell was convicted of sex trafficking in December 2021. The files themselves are still being fought over.
Lifespan
Jeffrey Epstein's life against the full span of the corpus.
Notable works
-
Financial Trust Company
company
His money management firm, renamed and moved to St. Thomas for the tax exemption 1996 -
Federal non-prosecution agreement
case
Immunity from all federal charges — a judge later ruled it violated the Crime Victims' Rights Act 2007 -
Florida plea and 13-month sentence
case
Served in a private wing of the county stockade, most of it on daily work release 2008 -
Perversion of Justice
other
Julie K. Brown's Miami Herald series, which reopened the case 2018 -
United States v. Epstein
case
Federal sex trafficking indictment, unresolved at his death 2019
Life in brief
with age at each point- 1969 aged ~16 Graduates from Lafayette High School at 16 He had skipped two grades.
- September 1974 aged 21 Begins teaching calculus at the Dalton School He was 21 and had left NYU without a degree three months earlier.
- 1988 aged ~35 Founds his own money management firm He said he took only clients worth more than a billion dollars, and refused to name them.
- 2005 aged ~52 Palm Beach police open an investigation Investigators eventually identified 36 girls between the ages of 14 and 17.
- June 30, 2008 aged 55 Pleads guilty in Palm Beach County and is sentenced to 18 months He served 13, most of them on daily work release.
- 2011 aged ~58 Virginia Giuffre becomes one of the first accusers to be publicly identified
- 2018 aged ~65 The Miami Herald publishes Perversion of Justice Julie K. Brown identified 80 victims and located about 60 of them.
- July 6, 2019 aged 66 Arrested at Teterboro Airport on federal sex trafficking charges Acosta resigned as Labor Secretary, effective July 19.
- August 10, 2019 aged 66 Found dead in his cell at the Metropolitan Correctional Center The New York City medical examiner ruled it a suicide by hanging.
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