According toGiridharadas, Hoffman wrote in a second email that Giridharadas was making the situation "all about you" by threatening to resign. McGee attested that Milton named him and Seth members of the ETP and that decision was memorialized in the August 29, 2005 minutes of the Special Meeting. Here, defendants incorrectly analogize plaintiffs to "members of the general public" to support the dismissal of the action. Impressed by Epstein's acuity with numbers, Greenberg gave him an assistant job at Bear Stearns in 1976 and from there, Epstein quickly climbed the ladder, eventually advising some of the company's wealthiest clients. In essence, defendants opine that Karin and Hal cannot bring a claim against ETP, just as the Estate cannot, because William's gift to ETP was unrestricted and the Board of Directors was not tethered to any restrictions under the Certificate. Epstein, a former hedge-fund manager, kept his client list under wraps, but he often bragged of his elite social circle that included presidents and Hollywood stars. (Art and Fashion Group Corp. v Cyclops Prod., Inc., 120 A.D.3d 436, 438 [1st Dept 2014] [citation omitted].) v Filmat Futures USA, 290 A.D.2d 383, 383 [1st Dept 2002] [citation omitted].) Defendants offer a document from the IRS showing ETP is a current tax-exempt foundation. Copyright. (See Am. In 2008 he served 13 of his 18-month sentence in prison with a generous work release and was ordered to pay three dozen of his victims in restitution and register his name on the sex offender rolls. In their capacities as co-successor executors of their late father's estate, they bring a breach of quasi-contract (third cause of action); equitable estoppel (fourth cause of action); breach of constructive or quasi-trust (fifth cause of action); breach of fiduciary duties under N-PCL 717 and 720 (sixth and tenth cause of action) against the individual defendants and for their removal under N-PCL 706 and 714; wrongful related party transactions under N-PCL 715 against ETP (ninth cause of action). WebEpstein Teicher Philanthropies Este Lauder Companies, Inc. Michael S. Feldberg and Ruth Lazarus Fried, Frank, Harris, Shriver and Jacobson LLP G and S Technologies Gates Ventures The Genesis Prize Foundation Howard Gilman Foundation Mertz Gilmore Foundation glassybaby Margaret and Bennett Goodman J. Ira and Nicki Harris (Smithers v St. Luke's-Roosevelt Hosp. Accordingly, Karin and Hal applied for and received Successor Letters Testamentary from the Westchester County Surrogate's Court on July 6, 2020 "to perform all acts requisite to the proper administration and disposition of William A. Epstein's estate." The orb looks similar to the trophy given to winners of the Disobedience Award. (Id. (Brach v Harmony Services, Inc., 93 A.D.3d 748, 750 [2d Dept 2012] [finding the authenticity of minutes raised an issue of fact when the parties submitted affidavits attesting its authenticity].) The plaintiff, a 62-year-old massage therapist, had died in September. Epstein Teicher Philanthropies (ETP) is a not-for-profit 501(c)(3) charitable membership corporation organized under the laws of New York. WebBusiness Details of EPSTEIN TEICHER PHILANTHROPIES in New York. She was charged with six counts including transportation of a minor with intent to engage in criminal sexual activity and perjury. (Id. Although he enrolled at Cooper Union and later at New York University in the early 1970s, he never received degrees at either school. And any claim that Epstein directed any programmatic or personal grantmaking for Bill Gates is completely false.". In February, L Brands announced that Wexner would step down after nearly six decades as the company's CEO. While awaiting trial, he was found dead in his jail cell on August 10, 2019. Make your practice more effective and efficient with Casetexts legal research suite. The bank earlier this month sued former JPMorgan investment banking chief Jes Staley, claiming he is responsible for the suits related to Epstein. This earned him the nickname "Airmiles Andy," according to the Washington Post. An investigation by the Miami Herald revealed that Acosta, then a US attorney, had enough evidence against Epstein to request a life sentence. uuid:e23a7def-4542-4c6d-b383-6f32ff510662 "I've known Jeff for 15 years. Professor, UC Department of Pediatrics. "That money never appeared.". Of his 18-month prison sentence, he served 13 months. Although the investigation eventually uncovered dozens of young women and minors who had allegedly been sexually abused by Epstein, he was ultimately charged on just two counts: soliciting a minor for prostitution and procuring minors for prostitution. . 165-173.). (Id. In 1989, Wexner used a trust to buy an Upper East Side townhouse that is believed to be the largest private residence in Manhattan for $13.2 million, Vanity Fairreported. Service. ), Plaintiff McGee alleges he was made a Member of ETP and thereafter a "Lifetime Member" in 2005. Standing to enforce the terms of a charitable gift is normally limited to the Attorney General, but this general rule does not "designate the Attorney General as the exclusive representative of donors of charitable dispositions." During this period, one of Epstein's clients was the Saudi Arabian businessman Adnan Khashoggi, who was the middleman in transferring American weapons from Israel to Iran, as part of the IranContra affair in the 1980s. Khashoggi was one of several defense contractors that he knew. On November 26, 2021, in Epstein v Epstein Teicher Philanthropies, 2021 NY Slip Op 32460(U), Justice Masley held that co-successor executors of an estate that Copyright 2023 Schlam Stone & Dolan LLP | 26 Broadway | New York, NY 10004 | P 212.344.5400, Attorney Advertising | Privacy Policy | Terms & Conditions | Awards Methodology | Email Disclaimer | Site Credits, White Collar Criminal Defense & Investigations, Epstein v Epstein Teicher Philanthropies, 2021 NY Slip Op 32460(U). In the early 2000s, Epstein expanded his portfolio to include financing media companies, developing securities funding and investing in hedge funds and startups. The relationship is the subject of an investigation by the UK's Financial Conduct Authority, according to the bank. The FBI began investigating Maxwell's relationship with Epstein in 2019 as the British heiress hit out with armed guards in the United States or the United Kingdom. The future president claimed in 2002 that he had a long friendship with Epstein. William's Last Will and Testament left the lesser of one million dollars or twelve percent of his gross estate to ETP. In July 2019, Epstein was arrested again this time on federal charges of sex-trafficking minors. Thus, the court finds that Karin and Hal have sufficiently shown they have standing as co-successor executors to their father's estate to bring their claims. In Motion Sequence Number 002, defendants Epstein Teicher Philanthropies, Alan Seth Teicher, Jane E. Heffner, and Adrienne Simpson move pursuant to CPLR 3211(a)(1), (3), (10), and (11) to dismiss the action brought by plaintiffs S. Karin Epstein and Hal Epstein, as co-successor executors of the Estate of William A. Epstein, and Vincent F. McGee, Jr., as a member of Epstein Teicher Philanthropies. (Id. 2.) By clicking Sign up, you agree to receive marketing emails from Insider Soc, 179 AD 211, 213 [1st Dept 1917]. (Id.) 38.) Epstein, besides making donations through the Jeffrey Epstein VI Foundation, also made a number of charitable donations through his three private charities: Epstein Interest, the COUQ Foundation, and Gratitude American Ltd. According to federal tax filings, Epstein donated $30 million between 1998 and 2018, through these three charities. Rather, EPTL 11-1.1 authorizes plaintiffs, in their legal capacity as the representatives to their late father's estate, to bring their causes of action, despite the merits of the claim. Epstein said that MBS had visited Epstein's Manhattan mansion many times and had a framed photo of the crown prince hanging on the wall, according to New York Times reporter James B. Stewart. 37.) The lawsuit describes one15-year-old victim who was "forced into sexual acts with Epstein and others and then attempted to escape by swimming off the Little St. James island. (NYSCEF 1, Complaint 60. Karin and Hal allege that ETP was unjustly enriched when ETP accepted their father's bequest, but funded Ohio- based charities. (Id. (NYSCEF 27, William Epstein Will at 3.) Court documents reviewed by the Guardian allege that Epstein instructed Virginia Roberts Giuffre, a 15-year-old employee at Trump's Mar-a-Largo resort, to have sex with Prince Andrew on three separate occasions. described in section 501 (c)(3) of the United States internal revenue code shall be liable to any person other than such corporation, association, organization or trust based solely on his or her conduct in the execution of such office unless the conduct of such director, officer, key person or trustee with respect to the person asserting liability constituted gross negligence or was intended to cause the resulting harm to the person asserting such liability." 63-69.) Remarkably bright, Epstein skipped two grades and graduated from Brooklyn's Lafayette High School at the age of 16. (Id. With his business operations set up in the U.S. Virgin Islands, Epstein bought an adjacent 72-acre island called Little St. James for just shy of $8 million in 1998. (4) Such method, including but not limited to the foregoing, as is prescribed by the certificate of incorporation or the by-laws." N-PCL 720-a requires the court to conduct a two-part analysis. He pleaded not guilty on July 8 and was being held without bail in New York City, where he was already on suicide watch after an earlier reported suicide attempt that had led to his hospitalization, at the time of his death. as well as other partner offers and accept our, Joe Schildhorn/Patrick McMullan via Getty Images, Andrew Chin/Getty Images, Rick Friedman Photography/Corbis via Getty Images, Dimitrios Kambouris/Getty Images for Tony Awards Productions, Kevin Mazur/VF14/Contributor/Getty Images, suicide in a Manhattan jail on August 10, 2020, Visit Business Insider's homepage for more stories, wife of the US Virgin Islands' former governor, exiting his private jet in New Jersey's Teterboro Airport, after an earlier reported suicide attempt, a federal judge sentenced Maxwell to 20 years in prison, all guests at a dinner hosted by LinkedIn CEO Reid Hoffman, Business Insider's Becky PetersonandJohn Cook. However, Black had engaged Epstein as an advisor and paid him at least $50 million, The New York Times reported on October 12. (NYSCEF 1, Complaint at 51.) "Hoffman basically hid behind bureaucracy and the old 'ongoing investigation' excuse," Giridharadas said in the now-unavailable tweet. Jeffrey Epstein was known for jet-setting with the likes of Bill Gates, President Bill Clinton, and Prince Andrew. Wexner later fired Epstein as his money manager. ORDERED that plaintiff's motion to inspect ETP's books and records is granted and defendants shall provide plaintiff with access within 20 business days of this decision. The interview was widely criticized over Prince Andrew's lack of sympathy with Epstein's victims and his defense of his friendship with the convicted sex offender, Business Insider reported. In 1981 Epstein left Bear Stearns and established his own financial consulting firm, Intercontinental Assets Group Inc (IAG) in which he helped clients recover embezzled money and also assisted clients who were embezzlers. Furthermore, Article 11 of the Estates, Powers and Trusts Law (EPTL) grants fiduciaries of an estate broad powers to maintain or settle a claim on behalf of the estate. On April 29, 1976, Tom and Manny signed the Certificate of Incorporation (Certificate) establishing Epstein Philanthropies. (Id. In Thome, plaintiff sued defendant, a charity established in honor of the late sculptor Alexander Calder, and its board, for failing to appraise the purported Calder artworks plaintiff had in his possession. [Id.) The magazine reported that Wexner allowed Epstein to take an active role in L Brands, which owns Bath & Body Works, Express, and Victoria's Secret. 3, 71-72.) The attorneys at Schlam Stone & Dolan form, advise and litigate claims involving nonprofits. That includes Prince Andrew's then-wife, Sarah Ferguson, the Duchess of York; and Charles Althorp, Princess Diana's brother. On October 3, 2005, James Mulcahy, Kenneth Roth, McGee, Milton, and Seth were elected as directors. (Id. Plaintiffs counter that immunity under this provision does not apply to derivative actions where gross misconduct is alleged. . Ctr., 281 AD2d 127, 137 [1st Dept 2001] [citation omitted].) Plaintiffs also allege that Seth received a pecuniary benefit from ETP's donation to an Ohio-based charity. (NYSCEF 55, Successor Letters Testamentary at 2.) A member of the protest group Hot Mess holds up a sign of Jeffrey Epstein in front of the Metropolitan Correctional Center in New York City in July 2019. Epstein, 66, died by apparent suicide in a Manhattan jail on August 10, 2020, as he awaited trial on charges of sex trafficking of minors. If you do not agree with these terms, then do not use our website and/or services. Siegal also planned a dinner party for Epstein and Prince Andrew at his Upper East Side home. (3) Membership certificate or card or capital certificate. amasley@nycourts.gov Cases in this jurisdiction that have subsequently relied on Smithers do not read Smithers as narrowly as defendants. The emails show Epstein also worked as an in-between for other wealthy donors,including Bill Gatesand Leon Black, and that Epstein had a role in determining what his donations would be used for at MIT, contradicting previous statements from Ito and the university. Epstein's body was discovered in his jail cell at Manhattan's Metropolitan Correctional Center on the morning of August 10, 2019. Jeffrey Epstein was a New York-based financier with high-profile ties to the world's ultra-wealthy and powerful. Maxwell is a British socialite and the daughter of media tycoon Robert Maxwell. [Id. Starting in the mid-1990s, he moved his company to the U.S. Virgin Islands to avoid paying taxes. 04/10/2023 Few Listened To His Victims. It was around this time, he began telling friends and colleagues that he worked as an intelligence agent, a claim that has .css-47aoac{-webkit-text-decoration:underline;text-decoration:underline;text-decoration-thickness:0.0625rem;text-decoration-color:inherit;text-underline-offset:0.25rem;color:#A00000;-webkit-transition:all 0.3s ease-in-out;transition:all 0.3s ease-in-out;}.css-47aoac:hover{color:#595959;text-decoration-color:border-link-body-hover;}never been verified. Specifically, Defendants contend that because the Estate of William has no claim against ETP for failure to honor decedent's donative intent (as the testamentary gift to ETP was unrestricted), the Estate's personal representatives likewise have no claim. Plaintiffs are not beneficiaries of ETP, nor do they purport to be. This case was filed in New York County She pleaded not guilty and was denied bail later that month. (Id. Trustees are Seth Teicher, McGee alleges he and Seth were appointed members of ETP in August 2005 and that he was subsequently named a "Lifetime Member of ETP." More information about Wexner's relationship with Epstein may soon be revealed after US District Judge Loretta Preska ordered that Wexner's correspondence with Epstein's former lawyer Alan Dershowitz be unsealed as a part of Dershowitz and Giuffre's defamation suits against each other, Business Insider reported on August 11. McGee alleges that, at the time he was made a member in 2005, Milton was the last surviving member of ETP and thus held the majority vote. (Thome, 70 A.D.3d at 96-97.) Director, Center for ADHD. 2021-06-25, New York County Courts | Contract | 114-173.) endstream endobj 134 0 obj <> endobj 135 0 obj <> endobj 136 0 obj <> endobj 137 0 obj <> endobj 45 0 obj <> endobj 49 0 obj <> endobj 53 0 obj <> endobj 57 0 obj <> endobj 61 0 obj <> endobj 62 0 obj <>/ProcSet[/PDF/Text/ImageB/ImageC]/XObject<>>> endobj 68 0 obj <>stream Defendant Jane Heffner joined ETP as a director in 2007 and defendant Adrienne Simpson joined the Board in 2012. (W. 146-153. Epstein was arrested in New York on 6 July 2019 after flying back from Paris on his private jet. EPSTEIN TEICHER PHILANTHROPIES (DOS ID: 415962) was incorporated on 11/24/1976 in New York. Defendants challenge the applicability of Smithers due to the contractual nature between the plaintiff and defendant in that case. It is alleged that this is where he operated his sex trafficking activities and where most of his pedophilic acts occurred. WebEPSTEIN TEICHER PHILANTHROPIES Address: 666 Fifth Avenue, 14th Floor, New York, NEW YORK 10103 Business Overview EPSTEIN TEICHER PHILANTHROPIES is a business entity registered with New York State Department of State (NYSDOS). The documentary evidence defendants offer in support of their 3211(a)(1) motion to dismiss does not contradict plaintiffs' contentions that they were appointed as representatives of their father's estate to enforce the terms of the gift. Cases in this jurisdiction that have subsequently relied on Smithers do not read Smithers as narrowly as defendants.