Jeffrey Epstein Advised Google Co-Founder Sergey Brin On Tax-Saving Trust, New Court Documents Reveal

Late financier and sex offender Jeffrey Epstein had advised Google co-founder Sergey Brin in 2007 on a tax-saving trust according to new court documents, Wall Street Journal reports

Epstein introduced Brin to JPMorgan Chase bankers to structure a grantor-retained annuity trust (GRAT). Brin’s representatives have yet to comment on the matter.

Epstein’s involvement in a similar trust for billionaire Leon Black has been under Senate scrutiny. Black, the co-founder of Apollo Global Management, has denied any wrongdoing and confirmed he paid his taxes.

GRATs, while common among the affluent, must adhere to specific rules. Epstein, who passed away in 2019, was known as a tax adviser to wealthy clients. Black reportedly paid him $158 million for tax and estate planning services.

The recent revelations stem from a lawsuit by the U.S. Virgin Islands against JPMorgan, accusing the bank of assisting Epstein. The lawsuit has unveiled Epstein’s extensive influence, even after his 2006 accusations and 2008 guilty plea related to minor solicitation. Brin, a significant JPMorgan client since 2004 with over $4 billion in accounts, was introduced to the bank by Epstein.

Brin’s association with JPMorgan and Epstein’s advisory role came into focus in late 2006 and early 2007, as per court documents.

Image Via Wikimedia Commons

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