Update 07/08/2019 10:11pm:

On Monday (July 8), federal prosecutors charged billionaire Jeffrey Epstein with one count of sex trafficking conspiracy and one count of sex trafficking with underage females. Epstein, 66, is accused of abusing dozens of underage girls, some as young as 14.

The indictment alleges that between 2002 and 2005, Epstein recruited underage girls to engage in sex acts in exchange for hundreds of dollars. He is accused of paying the girls to recruit others to come to his New York and Florida homes. 11 years ago, Epstein cut a deal with prosecutors to avoid charges similar to what he's currently facing. 

Epstein has pleaded not guilty to the charges. 

Source: CBS News 

Original 07/07/2019 1:27pm:

According to reports, billionaire Jeffrey Epstein was arrested for allegedly sex trafficking minors in New York and Florida between 2002 and 2005.

Epstein was arrested by the FBI-NYPD Crimes Against Children Task Force, and this comes almost 12 years after he was arrested for allegedly molesting underage girls in the state of Florida. According to police, employees of Epstein along with associates would allegedly recruit girls for the billionaire, with some of Epstein’s victims eventually becoming recruiters after some time.

A new indictment set to be unsealed on Monday in a Manhattan federal court will reportedly allege that the billionaire sexually exploited underaged girls by paying them for “massages” as a means to sexually abuse or molest them. He is reportedly set to be charged with one count of conspiracy to engage in sex trafficking of minors along with one count of sex trafficking of minors. If convicted, he could face up to a max of 45 years in prison.

Source: thedailybeast.com