New Jeffrey Epstein emails show disgraced – Business News
Newly obtained Jeffrey Epstein emails expose how the late convicted pedophile saved investing and advising billionaires via his deep Wall Street ties — regardless of his 2006 arrest and 2008 guilty plea for intercourse crimes, in response to a report.
The new cache of more than 18,000 messages reveals how Epstein invested $1 million in a prestigious hedge fund simply weeks after allegations of Epstein paying youngsters for intercourse first surfaced.
They additionally carry the veil on how he leveraged his relationships with prime banks, brokers and investment corporations, in response to Bloomberg News. The Post has approached people and corporations talked about within the newest doc dump for remark.
The messages show Epstein, a one-time Bear Stearns banker, pumped $1 million into Renaissance — a hedge fund famend for its secretive, high-performing methods — shortly after Epstein was charged in summer season 2006 for intercourse trafficking of minors and conspiracy to commit intercourse trafficking of minors.
The new emails show how the lifeless intercourse pest leveraged his Wall Street contacts to drum up new business, even after his first arrest for intercourse crimes. AP
Greg Hersch, then a wealth supervisor at Smith Barney, a brokerage firm owned by Citigroup, emailed Epstein’s workplace in August of that yr and urged him to invest earlier than the fund closed to new shoppers.
“I feel it would be a mistake to not make this investment,” Hersch wrote in an electronic mail quoted by Bloomberg.
That was regardless of media protection of the allegations, together with a Palm Beach Post editorial two days later, headlined “He was over 50. And they were girls.”
Epstein responded promptly via his chief investment vehicle, Financial Trust Company: “Fine.”
Hersch, who now runs his own firm, informed Bloomberg via a spokesperson that his interactions with Epstein had been solely skilled and led to 2007. That was earlier than Hersch says he realized of Epstein’s crimes.
Earlier this yr, House Democrats launched 1000’s of Epstein emails in an attempt to smear President Trump. The messages evidenced the disgraced financier’s ties to high-profile figures together with former Treasury Secretary Larry Summers however instructed zero misconduct by the president.
James Cayne, the previous CEO and chairman of Bear Stearns, is one of the financiers named within the newly launched trove of Epstein emails. REUTERS
The newest batch of emails underscored the aggressive Wall Street ways utilized by Epstein — a former math trainer with out a faculty degree who grew to become a globetrotting money supervisor together with his own personal Caribbean island, the place he threw events for the wealthy and well-known.
The messages additionally spell out threats of lawsuits in opposition to former associates and chronic pitches from investment corporations post-conviction, whilst he served about 13 months in a Florida jail for procuring minors for prostitution.
Epstein’s dealings with Bear Stearns, the investment bank the place he labored early in his profession, had been notably contentious.
After leaving the firm in 1981 amid questions over a stock loan that may have violated securities legal guidelines, Epstein later invested tens of hundreds of thousands in its funds and stock.
He managed trusts for Bear’s then-CEO James “Jimmy” Cayne and oversaw money actions for key consumer Les Wexner, the Ohio billionaire behind Victoria’s Secret.
When Bear’s hedge funds collapsed within the 2007 subprime mortgage disaster, Epstein initially joined different buyers in plotting to oust administrators and examine losses, the emails quoted by Bloomberg show.
Epstein additionally collaborated with investor Charles Fix, the inheritor to the beer fortune behind the Greek model Fix Hellas. Fix Beer
But he flipped sides, sharing intelligence with Cayne and refusing to vote in opposition to the firm, drawing ire from fellow investor Charles Fix, inheritor to a Greek beer fortune.
“It is with particular ill grace that you are trying to suggest that Mr. Epstein claims ‘surprise’ at our being angered by his (and your) misconduct today,” a colleague of Fix’s wrote in an electronic mail.
Epstein forwarded it to Cayne, who died in 2021.
By June 2008, as Epstein negotiated his controversial plea deal, a draft lawsuit within the emails sought over $70 million from Bear Stearns and executives, alleging they dumped “toxic waste” — nugatory or high-risk property — into funds and betrayed a “special continuous 32-year relationship.”
The go well with claimed fraudulent misrepresentation.
After Bear’s collapse and acquisition by JPMorgan Chase, Epstein sued in 2009 and settled for about $9 million in 2011, in response to court docket paperwork obtained by Bloomberg.
The notorious Little St. James, dubbed Esptein Island, the place the lifeless pedo allegedly held sex-charged. REUTERS
In early 2008, Yin Harbor Drive Capital pitched Epstein on benefiting from market declines, with govt Duncan Yin following up: “I hope that you found the discussion as interesting and thought-provoking as I did.”
Talks continued, together with a $5 million investment offer from former Bear govt Bruce Jaeger in June, as Epstein finalized his plea.
“It was great to see you on Monday, and I am glad to see that you are keeping such a positive attitude,” Jaeger wrote, in response to an electronic mail seen by Bloomberg.
“I am sure that you will prevail and make the right decision on how to proceed.”
Jaeger didn’t remark to Bloomberg.
Morgan Stanley contacted Epstein’s deputy in 2016 about “risk reversals,” a strategy involving shopping for one option whereas promoting one other to hedge bets.
Epstein’s function prolonged past personal investments to advising ultra-wealthy shoppers.
For Wexner, emails show Epstein dictating household workplace operations, reminiscent of time off, jet funds and govt choices.
A Wexner spokesperson declined to remark to Bloomberg.
Apollo Global Management co-founder Leon Black, seen right here of the left together with his spouse Debra earlier in 2025, can also be named within the new emails. Jason Lowrie/BFA.com/Shutterstock
With Apollo Global Management co-founder Leon Black, Epstein positioned himself as a “daddy” for Black’s household workplace in 2015 emails: “Your family office needs a daddy. children with good intentions are running around , sniping , nitpicking with little direction.”
He even demanded charges: “very serious I am wiling to continue to accommodate some of your concerns , but I am, under no circumstances , none, willing to spend my time for free. its [sic] not fair.”
Black declined to remark to Bloomberg.
In 2006, Merrill Lynch advisor Ed Spector suggested on currency trades, splitting $10 million between Epstein’s firm and Wexner.
But Epstein pressed for an unspecified favor that Spector deemed dangerous: “as innocent as the request may sound, it could result in big problems for me internally if this gentleman doesn’t think its an appropriate conversation. There is zero tolerance in the organization.”
Spector fired back: “Jeffrey, As you know, I have a great deal of respect for you. I have asked around this afternoon after receiving your email on a no name basis and have been advised that I can have significant issues approaching the topic. I hope you understand.”
The disgraced financier’s notorious madam, British socialite Ghislaine Maxwell, is at the moment serving a 20-year federal jail sentence after being convicted on intercourse trafficking expenses SDNY
Yet business continued, together with a $2.2 million Hertz payout and invites to “billionaire-only deals” requiring $20 million annual commitments. Spector died in 2009.
Epstein was even pitched to invest in a musical in 2018, by a deputy for music mogul Tommy Mottola.
Epstein was hit with federal expenses of intercourse trafficking minors a yr later, dying by suicide in New York City’s Metropolitan Correction Center earlier than his trial began.
His notorious madam, British socialite Ghislaine Maxwell, is at the moment serving a 20-year federal jail sentence after being convicted on intercourse trafficking expenses.
