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Who was Jeffrey Epstein? Elon Musk revives link with Donald Trump

Who was Jeffrey Epstein? Elon Musk revives link with Donald Trump

India Today06-06-2025
One name is currently making headlines -- Jeffrey Epstein. This renewed attention began when Elon Musk shared a video on X that appears to show Donald Trump spending time with Epstein. Epstein, who died in 2019, was widely held responsible for a vast sex-trafficking operation involving underage girls and powerful individuals.The son of working-class parents and the grandson of Jewish immigrants, Jeeferey Epstein was born in 1953. He showed early promise in mathematics and music.advertisementHis first real job -- teaching at Manhattan's elite Dalton School -- opened doors he could never have imagined. It was here that he met the man who would change his fortunes: a student's father, Alan "Ace" Greenberg, CEO of Bear Stearns. Epstein soon left the classroom behind for Wall Street, where he climbed quickly, even as details of his financial methods grew hazy.THE MONEY MANAGER WITHOUT A DEGREE
Epstein founded J Epstein and Co. in 1988. He claimed to only take on clients worth more than a billion dollars. The secrecy around his firm was near-total, but it is known that he managed the wealth of retail tycoon Leslie Wexner for decades.This partnership brought him influence, access -- and staggering wealth.He built a global portfolio of mansions, private jets, and even private islands in the US Virgin Islands.advertisementIn Palm Beach in 2005, the veil began to lift. Police began investigating claims that Epstein had abused a 14-year-old girl. What followed was a series of shocking discoveries: hidden cameras, ledgers, and a growing list of young girls who said they had been lured to his mansion under the guise of offering massages.The case should have ended then. But in 2008, Epstein struck a secretive plea deal with federal prosecutors. He served just 13 months in jail -- with a daily work-release provision.It would later be revealed that US attorney Alexander Acosta was advised to go lightly, allegedly due to Epstein's ties to intelligence or powerful individuals. The plea deal silenced many voices for a time, but not forever.THE ISLAND, THE JET AND THE ELITEEpstein's network was unlike any other. His guests included politicians, academics, royals, and presidents. Bill Clinton, Donald Trump, Prince Andrew -- these were not fringe associates, but regular names in his travel logs.He flew them aboard his private jet, often referred to by locals as the 'Lolita Express.' The island of Little St. James became a place of interest to investigators and journalists alike. Survivors would later describe a world where influence and abuse collided with chilling regularity.advertisementIn 2018, an investigation by the Miami Herald reignited public interest. Journalist Julie K. Brown tracked down over 80 women who alleged abuse by Epstein or his associates. It was a tidal wave that could not be held back. In July 2019, Epstein was arrested at Teterboro Airport in New Jersey. He was charged with sex trafficking minors.Held without bail in a Manhattan jail, Epstein was reportedly despondent. On July 23, he was found injured in his cell. Though labelled a suicide attempt, questions lingered. Within weeks, he was taken off suicide watch. On August 10, 2019, Epstein was found dead in his cell.MYSTERIOUS DEATHThe autopsy ruled it suicide by hanging. But faulty security cameras, missing guards, and the removal of his cellmate on the night of his death fed a storm of speculation. His lawyers insisted he was murdered. Others said the truth died with him.In the end, Epstein died as he had lived -- behind closed doors, surrounded by secrets. But the survivors, the journalists, and the public refused to let the silence win. His case reshaped conversations around sexual abuse, justice, and how power hides in plain sight.Must Watch
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The country banned cryptocurrency trading and mining in 2021 due to concerns about the stability of the financial has long aspired for the yuan to achieve global currency status, akin to the dollar or euro, reflecting its weight as the world's second-biggest economy. However, its tight capital controls and its trillion-dollar annual trade surpluses have worked against that restrictions are likely to be a key hurdle to the development of stablecoins as well, market participants have are a type of cryptocurrency designed to maintain a constant value. They are usually pegged to a fiat currency such as the U.S. dollar and are commonly used by crypto traders to move funds between yuan's share as a global payment currency fell to 2.88% in June, its lowest in two years, according to payment platform SWIFT. In contrast, the U.S. dollar commanded a 47.19% market places strong capital controls to manage flows in and out of the border, with a few connect schemes permitting capital to be deployed in some key offshore market such as Hong the U.S., President Donald Trump backed stablecoins days after his inauguration in January and is establishing a regulatory framework that helps legitimise dollar-pegged underlying blockchain technology enables instant, borderless and round-the-clock transfer of funds at low cost, giving stablecoins the potential to disrupt traditional daily money moves and cross-border payment innovation, specifically stablecoins, is viewed by Beijing as a promising tool for yuan internationalisation amid the growing influence of U.S. dollar-linked cryptocurrencies in global finance, said the of the plan are expected to be unveiled in the coming weeks, with Chinese regulators, including the central bank, the People's Bank of China (PBOC), being assigned implementation duties, said the sources declined to be named as they were not authorised to speak to the State Council Information Office (SCIO) did not immediately respond to Reuters requests for comment. The PBOC could not be immediately be contacted for comment outside of normal business backed by the U.S. dollar currently dominate the market, accounting for over 99% of the global stablecoin supply, according to the Bank for International Asia, South Korea has pledged to allow companies to introduce won-based stablecoins and develop the necessary infrastructure, while similar initiatives are underway in latest push comes amid mounting geopolitical tensions with Washington, and the growing use of dollar-backed stablecoins by Chinese latest plans come after a Shanghai regulator last month said it had held a meeting for local government officials to consider strategic responses to stablecoins and digital a recent interview, PBOC advisor Huang Yiping told local media that an offshore yuan stablecoin in Hong Kong is "a possibility".Separately, Hong Kong's long-awaited stablecoin ordinance took effect on August 1 and positions the Chinese-controlled territory as one of the first markets globally to regulate fiat-backed stablecoin commercial hub Shanghai is also establishing an international operation centre for the digital to the sources, Hong Kong and Shanghai will be the main cities to fast-track local implementation of the latest is expected to discuss expanding the use of yuan and possibly stablecoins for cross-border trade and payments with some countries at the Shanghai Cooperation Organisation (SCO) Summit to be held Aug. 31-Sep. 1 in Tianjin, said the global stablecoin market is currently small at about $247 billion, according to crypto data provider CoinGecko. 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