"I find ... that the government has established danger to others and the community by clear and convincing evidence", Berman said.
Attorneys for Epstein had proposed last week that he be released on a $77 million bail package secured by the mortgage on his Manhattan mansion.
Epstein, 66, had offered to put up any collateral the judge wished from his self-estimated $559 million fortune.
Authorities found possibly thousands of photographs in Epstein's home showing young women, and "at least one individual in those photos ... has self-identified as a victim of the defendant", prosecutor Alex Rossmiller told Berman during Monday's bail arguments.
"He's a scary person to be walking the streets", said Wild.
This is a developing story and CBS News will update it as more information comes in.
"He is a life-long American citizen". Prosecutors say he used employees and associates to lure the girls to his residences, and then paid some of his victims to recruit other girls for him to abuse. "This has been a sort of panoply of different powerful men covering for each other", she said. He said Epstein, as a wealthy member of the Jewish faith, acquired the passport "when hijackings were prevalent" in the Middle East.
While Trump and Epstein were known to have socialized in Palm Beach, where Trump's club is located, the president has sought to downplay the extent of their relationship and said he had a falling out with the financier and cut off their relationship 15 years ago.
Trump's Labor Secretary Alexander Acosta stepped down last week amid the tumult over his handling of a 2008 secret plea deal with Epstein. His list of friends and acquaintances included President Donald Trump and former President Bill Clinton, as well as showbiz players such as Kevin Spacey, Chris Tucker, George Stephanopoulos, Chelsea Handler, Mick Jagger, and publicist Peggy Siegal, who helped Epstein attend Hollywood screenings and premieres.
In addition, the sex trafficking charge against Epstein carries the presumption that no combination of bail conditions could guarantee the defendant's appearance in court or protect the public.
Mr Trump's predilection for parties with attractive women at the time is well-known, and none of the women in the Mar-a-Lago video appeared to be underage.