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,=, Tue, 1 Jul 2008 at 15.
Finally
Financier Starts Sentence in Prostitution Case
Last week, Jeffrey E. Epstein, adviser to billionaires, lived in isolated splendor in the Caribbean , on palm-fringed Little St. James Island.
On Monday, he quit that Xanadu, with its 70-person staff and flamingo-stocked lagoon to report to the Palm Beach County Jail, to serve an 18-
month sentence for soliciting prostitution. "I respect the legal process," Mr. Epstein told The New York Times in a telephone interview as he
prepared to leave his 78-acre island, which he calls Little St. Jeff's. "I will abide by this."It is a stunning downfall for Mr. Epstein, who grew up in
Coney Island and went on to live the life of a billionaire, only to become a tabloid monument to an age of hyperwealth. Separately, Mr. Epstein
was confirmed as the "Major Investor No. 1"
described in a recently unsealed indictment as one of the three largest investors in two Bear Stearns hedge funds that collapsed.
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