Jeffrey Epstein found success by being money manager to Victoria's Secret owner Leslie WexnerBusiness | 8 Jul 2019 2:49 pm
American money manager Jeffrey Epstein went to work for as an options trader for Bear Stearns in 1976, advising rich clients on tax strategies.
Epstein was arrested over the weekend, over sex trafficking charges.
He was immensely successful, so much so that by 1980, he was a partner, and by 1982,he was able to break out with his company, J. Epstein & Co., later called Financial Trust Co, NBC News reports.
One of his routes to success, according to a long profile in Vanity Fair in 2003, was being the primary investor and money manager for Leslie Wexner, the founder of Limited Brands, now called L Brands Inc., the owner of names like Victoria’s Secret, PINK and Bath & Body Works.
Epstein, whose fortune is estimated in the hundreds of millions of dollars, parlayed his wealth and success to establish political and social contacts around the world, among them President Donald Trump and former President Bill Clinton.
"I've known Jeff for 15 years. Terrific guy," Trump said in a 2002 interview with New York magazine, adding: "He's a lot of fun to be with. It is even said that he likes beautiful women as much as I do, and many of them are on the younger side. No doubt about it — Jeffrey enjoys his social life."
Clinton, meanwhile, flew on one of Epstein's planes on several occasions, according to flight records reviewed by NBC News.
Florida court records show that Epstein maintains addresses on his own island in St. Thomas in the U.S. Virgin Islands and on the Upper East Side of Manhattan, as well as Paris, New Mexico and Palm Beach. Among the vehicles owned by or registered in his name are a Rolls Royce, a Bentley, nine Mercedes-Benzes and several Harley-Davidson motorcycles, according to law enforcement records.
Epstein came under investigation by Palm Beach police on March 15, 2005. According to a police case file obtained through a public records request, investigators sought to charge Epstein and two assistants with crimes tied to his sexual behavior with underage females at his home. Palm Beach investigators interviewed five alleged victims and 17 witnesses, according to the police files.
The investigative files alleged Epstein brought the girls to his house under the guise that they would give him massages, which police said would turn sexual. Some of the girls told police Epstein would use sex toys on them while he got a "massage." In another instance, one said she was paid to have sex with one of Epstein's female assistants, and several girls reported that Epstein touched their vaginas while he masturbated.
Epstein paid the girls US$200 to US$1,000 per "massage" in his residence, where he'd had several covert cameras installed in clocks, according to the investigative files.
A former housekeeper told investigators that Epstein would receive three "massages" a day, while another witness said that at the direction of Epstein, he had a dozen roses sent to the local high school for one of the girls who he said had given Epstein a massage, according to the documents, NBC News reports.