Jeffrey Epstein was a very wealthy man, but exactly how wealthy and where that money came from remains shrouded in mystery. Newly unearthed emails last week shone light on Epstein's role as freelance client development officer, acting as a channel between political figures and business titans, greasing up the former with lifestyles they could not afford and the latter with avenues of political influence. Figures in Epstein's network of billionaires, politicians, celebrities, royalty and intellectuals were assembled into schemes of influence. The spheres of influence Epstein created, emails showed, relied simultaneously on access and gifts Between his collection of lavish homes in New York, Palm Beach and Paris, two private Caribbean islands, two jets and helicopter, Epstein held nearly $380m in cash and investments, according to his estate. That wealth arrived suddenly. Until the end of the 90s, Epstein was living in a two-bedroom apartment on Manhattan's Upper East Side close to the river. It was only when Maxwell arrived from London that his lifestyle was dramatically elevated. Epstein moved to a townhouse on 68th Street and later to a 28,000-sq-ft mansion on 71st Street, later transferred to him by Wexner in 2011. Steven Hoffenberg, a former business partner of Epstein convicted of running a Ponzi scheme, claimed that Maxwell's father, the disgraced press baron Robert Maxwell, introduced his daughter to Epstein in the late 1980s. A 2022 Miami Herald exposé showed complex Maxwell family transactions passing through companies in Jersey, the British Virgin Islands and Panama that it called "a decades-long modus operandi of financial deception".
Latest
Latest News
Each news summary is created according to strict standards. Here's how we do it.
Each summary is created using a consistent editorial procedure. The target length is approximately 16 lines of 11-point Arial text in a 650-pixel-wide column. Up to 25% of a summary may be set in bold to emphasize the most important ideas. Summaries are composed of verbatim excerpts presented in the same sequence as they appear in the original news source, with very minor editorial additions. Where material has been omitted between excerpts, the omission is indicated with ellipses (...). Any words added by an editor for clarity or context appear in [brackets]. Our original news editor was Fred Burks. Tod Fletcher edited most summaries from 2007 through 2014, and Mark Bailey has served as news editor since 2014.