2ND UPDATE, 8:57 AM: A federal judge in Manhattan today denied bail for billionaire financier Jeffrey Epstein, who is charged with multiple counts including sex trafficking of minors. Prosecutors had been arguing for Epstein to remain behind bars, saying he is a flight risk and a danger to the public. His defense team had been pushing for conditional bail, including house arrest — in his $77 million Upper East Side mansion — and an ankle monitor. The 66-year-old faces a maximum of 45 years in federal prison in convicted on all counts.
UPDATED, July 7: Billionaire financier Jeffrey Epstein has been charged with sex trafficking and sex trafficking conspiracy in a two-count indictment unsealed Monday in New York. The crimes are alleged to have occurred between 2002 and 2005, with each charge carrying a penalty of no less than 10 years in prison, with the possibility of a life sentence. Epstein is accused of abusing dozens of female minors at his Manhattan and Palm Beach, FL, homes and enlisting his victims to expand a network of possible targets, according to federal prosecutors.
PREVIOUS, July 6, 7:31 PM: Billionaire financier Jeffrey Epstein was arrested Saturday night in New York for allegedly trafficking minors for sex, NBC New York reported.
Epstein, 66, is accused of trafficking minors in Florida and New York between 2002 and 2005. He is scheduled to appear Monday in Manhattan federal court.
His lead attorney, Jack Goldberger, declined comment.
In 2006, Palm Beach police filed a probable cause complaint saying Epstein should be charged with unlawful sex with minors. The grand jury returned a single felony solicitation of prostitution charge, and Epstein pleaded not guilty. He later entered a guilty plea in Florida to state charges of soliciting and procuring a person under age 18 for prostitution, and was required to register as a sex offender.
Epstein is a politically-connected hedge fund manager, who’s been closely associated with former President Bill Clinton and Prince Andrew, the son of Queen Elizabeth II. Both Clinton and the British royal are said to have jetted around the globe on Epstein’s private plane, known as the “Lolita Express.”
The financier also has ties to President Trump, who was his neighbor in Palm Beach, Florida, and also reportedly flew on Epstein’s jet.