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How did convicted sex offender and billionaire money manager Opens a New Window. Jeffrey Epstein receive a relatively mild sentence for a crime that involved underage girls?
As the decade-old case continues to make headlines, one rationale goes something like this: Epstein, a friend of former President Bill Clinton and President Donald Trump Opens a New Window. , was able to serve just 13 months in prison after being accused of sexually abusing more than 30 minors over a period of eight years by hiring an O.J. Simpson-like dream team of high-priced legal talent, while using his inside knowledge of Wall Street Opens a New Window. to make him a valuable informant in the government’s crackdown of abuses following the 2008 financial crisis.
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According to numerous published reports, Epstein, 66, was said to be a key witness in the prosecution of two Bear Stearns Opens a New Window. hedge fund managers, Ralph Cioffi and Matthew Tannin. Both men were charged with securities fraud after the collapse of a pair of hedge funds they oversaw – one of the events that prosecutors believed sparked the 2008 financial crisis.
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Epstein knew a lot about Bear Stearns. He worked at the firm early in his career and even invested a chunk of his enormous net worth in the hedge funds under investigation. Meanwhile, the notion that Epstein agreed to cooperate on the federal investigation of Wall Street crimes provided at least some logic behind what many legal experts believe was a sweetheart deal for sex crimes involving minors – if,...
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