Epstein and his DNA venture

Jeffrey Epstein mysteriously made $200 million with a new start-up after taking a hit from the financial crisis, registering as a sex offender, and losing his biggest client

Jeff Epstein
Billionaire Jeffrey Epstein in Cambridge, MA on 9/8/04.
Corbis via Getty Images
  • Financial statements and other filings obtained by The New York Times showed Jeffrey Epstein had no problem rebounding from various issues that plagued him – the 2008 financial crisis, losing his biggest client Les Wexner, and registering as sex offender after pleading guilty to two state counts of soliciting prostitution.
  • In 2012, four years after the financial crisis and Epstein’s guilty plea to soliciting prostitution (including a minor), he founded a start-up that made made more than $200 million in revenues over the next five years.
  • The Times outlined peculiar line items in the obtained documents that points to an association between Epstein’s former company, Financial Trust, and his start-up, Southern Trust.
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The late criminal financier Jeffrey Epstein made more than $200 million after he made the career switch from financial services to DNA research.
Financial statements and other filings obtained by The New York Times showed the financier had no problem rebounding from various issues that plagued him – the 2008 financial crisis, losing his biggest client Les Wexner, and registering as sex offender.
Before the financial crisis, Epstein worked in financial services with his company Financial Trust. “At Financial Trust, a company with fewer than a dozen employees, investment expenses varied widely, from $1.3 million in 2000 to $16 million in 2004 to $42 million in 2005,” The Times reported, but Epstein lost more than $150 million once the financial crisis hit in 2008

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