Feds move to dismiss Jeffrey Epstein's sex-trafficking indictment

Wednesday, 21 Aug, 2019

Officials say the Federal Bureau of Investigation and U.S. Inspector General's office will investigate how Epstein died in an apparent suicide, while the probe into sexual abuse allegations against the well-connected financier remains ongoing.

Epstein, 66, was being held at the Metropolitan Correctional Center in Manhattan as he awaited trial on sex trafficking and conspiracy charges.

Epstein has widely been described as a billionaire but according to court records and his will, when he died had more than $112m of equities and almost $200m in "hedge funds & private equity investments".

The assets were transferred to a trust called "The 1953 Trust", named after the year he was born.

Since his death, two women who claim to have been sexually abused by Mr Epstein have launched lawsuits again his estate.

A hedge fund manager who hobnobbed with the rich and famous, Epstein owned a Caribbean island, homes in Paris and New York City, a New Mexico ranch and a fleet of expensive cars.

Berman explained that, though Epstein will never stand trial, federal prosecutors remain committed "to doing [their] utmost to stand up for the victims who have already come forward, as well as for the many others who have yet to do so".

The Post reported that there are no details on the trust's beneficiaries, although the will notes that Epstein's brother, Mark Epstein, is the only potential heir.

A law firm representing Epstein's estate confirmed last night that the papers were filed last week in the US Virgin Islands.

He was found unresponsive in his cell on the morning of August 10.

Lisa also alleged that an Epstein associate hired her to teach a "dance-based exercise class" at his Manhattan mansion, and later Epstein solicited massages from her and demanded she recruit other girls.

One woman filed suit against the estate last week, claiming Epstein repeatedly raped her when she was a teenager.

While the list of holdings mentions Epstein's collection of fine arts and antiques, its value is not included in the total of his fortune as it is subject to further appraisal, the document says.

All said the abuse continued after Epstein reached a deal with Florida federal prosecutors in 2007.

Several of Epstein's alleged victims have sued his estate following his death. They added that all of Epstein's "identified victims" had been notified.

William Blum, an attorney for Epstein's estate, said in a statement to The Associated Press that any debts or claims against the estate will be "fairly administered". Epstein was reportedly able to leave the jail to run his business for 12 hours a day, six days a week.

When Epstein pleaded guilty to soliciting an underage girl in 2008 and served 13 months in prison, jail logs showed Indyke visited his client at least 38 times, and he was involved with almost all of Epstein's business dealings.