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PERSONNEL Profiles/Developments

How Jeffrey Epstein Lost $80 Million in a Hedge-Fund Bet Gone Bad

Much of convicted sex offender Jeffrey Epstein’s wealth remains a mystery — and the cursory financial disclosures he has made in his sex-trafficking case in a New York federal court haven’t shed much light on the matter.

But one thing is becoming clear: Epstein has endured some hefty financial busts along the way to amassing what prosecutors now say is a $559 million fortune that apparently also includes some diamonds tucked away in his now-cracked-open safe...