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Federal prosecutors in New York unsealed a criminal indictment Monday charging billionaire Jeffrey Epstein with having operated a sex trafficking ring in which he sexually abused dozens of underage girls, CNN reports. Epstein, 66,  ran a sex trafficking ring spanning from 2002 to 2005, luring girls as young as 14 years old into his Manhattan and Palm Beach homes, paying them hundreds of dollars in exchange for sex, according to an indictment. Epstein reportedly worked with his employees, recruiting them to help him find and lure in different women. Police arrested the billionaire hedge-fund manager in Teterboro, New Jersey on Saturday evening. Epstein had received similar charges back in 2008 when he pleaded guilty to two state prostitution charges. He was then registered as a sex-offender and served 13 months in prison. Epstein is set to appear in Manhattan federal court this week being charged with one count of sex trafficking of minors and one count of conspiracy to engage in sex trafficking of minors.