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The legal troubles for Jeffrey Epstein, a wealthy hedge fund manager, date back to 2005 when a 14-year-old girl and her parents claimed Epstein molested her at his mansion in Palm Beach, Florida. That was the beginning of an investigation that started at a local level and ended up in the hands of the FBI.But even then, in 2008, Epstein pleaded guilty to only two prostitution charges — one for solicitation of a minor.He served 13 months in the Palm Beach County stockade, part of that out on work release, before he got out in 2009.He was required to register as a sex offender.During that time, lawsuits began pouring in: first, in 2008, from an anonymous woman seeking million, saying she was forced to have sex with Epstein when she was a teen.Epstein settled those cases out of court for an undisclosed sum.Last month he was arrested again, this time by federal agents in New York for sex trafficking charges.The FBI credited investigative reporting to their case. And as a result, numerous investigations have now been launched at the federal, state and local level.In late July Epstein was found injured in his jail cell with marks on his neck.He was placed on suicide watch following the incident.On Friday a federal appeals court unsealed nearly 2,000 pages of records related to a civil case against a victim and the woman who allegedly procured teens for Epstein. It included names of other high-profile individuals possibly tied to Epstein’s sex ring.On August 10, 1495
The International Olympic Committee said Tuesday that it "remains fully committed to the Olympic Games in Tokyo in 2020" and that now, the games will occur as scheduled on July 24 despite the coronavirus pandemic.In a 230
The Food and Drug Administration says Walgreens sells more tobacco products to minors than any other pharmacy chain. Now the agency wants to meet with the company to discuss its tobacco and e-cigarette sales policies.The FDA's request is part of the agency's 271
The average 401(k) balance rose 17% last year to 2,300 from the end of 2018, according to a review of 17.3 million accounts by Fidelity Investments. The average individual retirement account, or IRA, balance rose the same percentage to 5,400.Surging markets around the world were a big reason for the growth: The S&P 500 index had one of its best years in decades with a 31.5% return. Investments of all types logged gains, from junk bonds to stocks from developing economies.But workers’ better savings habits also played a big role.Fidelity said the average worker set aside 8.9% of their pay in their 401(k) in the fourth quarter, a record. Combined with employer matches, the average total savings rate was 13.5% in the quarter, tying its record last reached in the spring of 2019.“Nobody can control the market, so the behaviors of people contributing to their 401(k)s are what get us the most excited,” said Katie Taylor, vice president of thought leadership at Fidelity. “We have people saving 13.5%, which is really close to the 15% that we recommend. That’s a great story.”In many cases, workers may not even realize they’re saving more. Most employers give the option for workers to automatically increase their contributions each year, without having to do anything. Some employers even automatically sign up their employees for these auto-escalation programs, requiring them to opt out if they don’t want their contribution levels to steadily rise.Such features are on top of programs where employers automatically enroll new hires in the 401(k) plan. They all lean on the power of inertia to help workers build up bigger nest eggs. It’s a sharp turnaround from earlier years when workers had to take an extra step to join the 401(k) plan and fill out paperwork whenever they wanted their contribution levels to change.“There’s always a way, if you don’t want to do it, where you can unenroll, but these automatic programs have been a game changer,” Taylor said.Consistent contributions — and giving them time to grow — are keys to building bigger portfolios. Among workers who have been in their 401(k) plan for 10 straight years, the average balance rose to a record 8,200, according to Fidelity.Such figures, though, count only people who have a 401(k). Many lower-income workers, particularly at smaller employers, could not save in a 401(k) even if they wanted to because their companies don’t offer access to one. Legislation passed late last year aims to make it easier for smaller employers to band together and offer plans.Nearly half of all U.S. households aged 55 and over, 48%, had no retirement savings at all as of 2016, according to estimates from the Government Accountability Office. 2737
The apparent suicide of financier and accused sex trafficker Jeffrey Epstein early Saturday could lead to more accusers and witnesses stepping forward as well as a flurry of civil suits against the multimillionaire's estate, according to legal experts.Authorities believe Epstein, 66, hanged himself at New York's Metropolitan Correctional Center, a law enforcement official told CNN -- less than a day after a court unsealed documents detailing disturbing claims against him and associates. His attorney is calling for an investigation into his death."The federal criminal case will end with his death," CNN legal analyst Paul Callan said. "But on the civil side, those cases will continue. They'll now be converted into an action against the estate of Jeffrey Epstein."One such lawsuit could be filed as soon as Wednesday by a woman who alleges Epstein raped her when she was 15. That's the day that New York's Child Victims Act takes effect, giving adult survivors of child sexual abuse one year to sue an abuser for offenses in New York, no matter how long ago the abuse allegedly occurred.The Southern District of New York's investigation into Epstein's conduct is ongoing, a person familiar with the investigation said. Though Epstein was the only person charged, court papers described three unnamed employees who scheduled his alleged "massages" that escalated to sexual acts and paid victims with hundreds of dollars in cash."Today's events are disturbing, and we are deeply aware of their potential to present yet another hurdle to giving Epstein's many victims their day in Court," Manhattan US Attorney Geoffrey S. Berman said in a statement."To those brave young women who have already come forward and to the many others who have yet to do so, let me reiterate that we remain committed to standing for you, and our investigation of the conduct charged in the Indictment -- which included a conspiracy count -- remains ongoing."Former prosecutor: 'Fear factor' for victims goneEpstein was jailed since early July, when he pleaded not guilty to federal charges accusing him of sex trafficking dozens of underage girls, some as young as 14 years old.Federal prosecutors said the politically-connected financier used employees and associates to lure girls to his residences and then paid some of his victims to recruit other girls for him to abuse.Legal experts believe Epstein's death could eliminate the intimidation and bare-knuckle tactics that both accusers and witnesses told police they faced after Florida authorities opened a previous investigation against him."Epstein being no longer around, no longer alive, will make it easier for victims to come forward," said Elie Honig, a CNN legal analyst and former federal prosecutor."While he was locked up ... there still (was) a fear factor. Does he have other people who can help him? Does he hire someone to come harass me? And now that's gone."The push for charges against alleged accomplicesAttorneys for Epstein accusers on Saturday held out hope that federal prosecutors will pursue charges against associates who allegedly facilitated his crimes over the years."The reckoning of accountability begun by the voices of brave and truthful victims should not end with Jeffrey Epstein's cowardly and shameful suicide," said Sigrid McCawley, attorney for Virginia Roberts Giuffre, who has claimed that Epstein kept her as a teenage "sex slave.""We are hopeful that the government will continue to investigate and will focus on those who participated and facilitated Epstein's horrifying sex trafficking scheme that damaged so many." 3611