Tag: Billionaire

Billionaire Jeffrey Epstein charged with sex trafficking and conspiracy

Federal prosecutors have charged financier Jeffrey Epstein with crimes related to sex trafficking of underage girls, according to reports, more than a decade after he dodged similar charges with a plea deal. Epstein was arrested in New Jersey on Saturday night and is due in federal court on Monday to hear the charges. He will…

Billionaire Ray Dalio says income inequality is an ‘existential threat’

NEW YORK—Ray Dalio, the billionaire founder of the world’s biggest hedge fund, said he believes flaws in American capitalism have created destructive and self-reinforcing gaps in education, social mobility, assets and income — and the result could be another revolution. Writing in a new essay, the Bridgewater Associates co-chair points to statistics showing the bottom…