Epstein Denied Bail; Financier Will Remain In Tiny Cell Until Hearing

Thursday, July 18, 2019
By Paul Martin

by Tyler Durden
Thu, 07/18/2019

Jeffrey Epstein was denied bail on Thursday despite his legal team’s best efforts to convince SDNY Judge Richard M. Berman that he wasn’t a flight risk.

Epstein’s attorneys offered a series of concessions and guarantees, such as ‘deregistering’ his vehicles and aircraft, wearing a GPS monitoring device, and installing surveillance cameras. Prosecutors, meanwhile, successfully argued that Epstein’s vast wealth and international connections made him a prime candidate to flee the country.

In arguing to keep Mr. Epstein detained, the government cited the fact that during a search of Mr. Epstein’s Manhattan mansion after his arrest, law enforcement agents found a locked safe containing an Austrian passport, more than $70,000 in cash and 48 loose diamonds. The passport, which is now expired, showed a photograph of Mr. Epstein but contains a different name and lists his residence as Saudi Arabia, prosecutors said.

Stamps in the passport showed it was used to enter France, Spain, the U.K. and Saudi Arabia in the 1980s, according to the government. Prosecutors said the passport shows Mr. Epstein knows how to obtain false travel documents and assume foreign identities. -Bloomberg

The 66-year-old registered sex offender will remain in the Metropolitan Correctional Center (MCC) in lower Manhattan until his trial on charges of sex-trafficking minors, where he has been held since his July 6 arrest.

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