His body was discovered at 07:30 local time (11:30 GMT) on Saturday at a facility in NY.
Epstein's death comes a day after a tranche of sealed legal documents were released for the first time providing new details about what prosecutors allege was Epstein's sex-trafficking operation.
Epstein was busted July 6 over the alleged sexual abuse of dozens of young girls in his Upper East Side townhouse and his waterfront mansion in Palm, Beach, Florida, between 2002 and 2005.
Epstein, 66, hung himself at the Metropolitan Correctional Center in Manhattan before his body was discovered at around 7:30 a.m. (1130 GMT), sources told some local media outlets.
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On Friday, more than 2,000 pages of documents were released related to a since-settled lawsuit against Epstein's ex-girlfriend by Virginia Giuffre, one of Epstein's accusers. He landed a gig teaching calculus and physics at Manhattan's exclusive Dalton School between 1973 and 1975, according to a 2002 NY magazine profile, where his students included the son of Bear Stearns then-Chairman Alan Greenberg. That circle, including former U.S. President Bill Clinton and billionaire Leslie Wexner, all distanced themselves from the financier after his July 2019 arrest.
In 2008, Epstein had pleaded guilty to state prostitution charges in Florida.
May 2006: Epstein is charged with unlawful sex acts with a minor. Labor Secretary Alexander Acosta, who was the lead federal prosecutor in Florida, resigned last month because of renewed public fury over the case.
The accusations and pending trial made headlines around the world and sparked separate investigations into how authorities handled the 2008 Epstein case.
She said in an appearance on MSNBC that her clients are "on the verge" of filing a civil suit against Epstein's estate.
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Attorney General William Barr said he was "appalled" to learn of Epstein's death while in federal custody.
He founded his own consulting firm, Intercontinental Assets Group, that same year and in 1988 founded his own financial management firm, J. Epstein & Company.
Ms Maxwell was alleged to have procured underage girls for her then-boyfriend Epstein and his wealthy friends, but she has always denied the allegations. The size of Epstein's estate is unknown, although prosecutors say that after his arrest, he claimed a net worth of $559 million.
Trump has claimed he has not had contact with Epstein for more than a decade.
Sigrid McCawley, an attorney representing one accuser, said in a statement that "the reckoning of accountability begun by the voices of courageous and truthful victims should not end" with Epstein's death. However, if you or someone else is in danger or endangering others, call police immediately on 111.
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