Thread: Jeffrey Epstein arrested on sex trafficking charges.

i'd be stunned if he's let out of jail while awaiting trial.

How did Jeffery Epstein become a billionaire, anyways?

Fraud and Blackmail: Jeffrey Epstein?s Finances

a very interesting theory...

https://threadreaderapp.com/thread/1...857491968.html

Originally Posted by misskit

How did Jeffery Epstein become a billionaire, anyways?

Epstein's Elite Wall Street Ties Revealed In Filing

Jeffrey Epstein's wealth has long been a topic of discussion since becoming known as a 'billionaire pedophile' and other similar monickers. Described by prosecuitors this week as a "man of nearly infinite means," a 2011 SEC filing has provided a window into the registered sex offender's elite Wall Street links, according to the Financial Times.

Epstein, who caught a lucky break tutoring the son of Bear Stearns chairman Alan Greenberg before joining the firm, left the investment bank in 1981 to set up his own financial firm. While he reportedly managed money for billionaires for decades, most of Epstein's dealings have been done in the shadows.

A 2011 SEC filing reveals that Epstein's privately held firm, the Financial Trust Company, took a 6.1% stake in Pennsylvania-based catalytic converter maker Environmental Solutions Worldwide (ESW) backed by Leon Black, the billionaire founder of Apollo Global Management.

ESW itself has a checkered past. In 2002, its then-chairman Bengt Odner was accused by the SEC of participating with others in a $15 million "pump and dump" scheme with ESW stock. The case was settled a year later according to FT, with Odner ordered to pay a $25,000 civil penalty. Of note, ESW accepted Epstein's investment several years after he had registered as a sex offender in a controversial 2008 plea deal in Florida.

Epstein's connection to Black doesn't stop there - as the financier served as a director on the Leon Black Family Foundation for over a decade until 2012 according to IRS filings. A spokeswoman for the foundation claims that Epstein had resigned in July 2007, and that his name continued to appear on the IRS filings "due to a recording error" for five years. A 2015 document signed by Epstein provided to the Financial Times appears to confirm this.

Epstein also built his wealth with Steven J. Hoffenberg and Leslie H. Wexner, the former of whom was convicted of running a giant Ponzi scheme, and the latter a clothing magnate.

Mr. Epstein’s wealth may have depended less on his math acumen than his connections to two men — Steven J. Hoffenberg, a onetime owner of The New York Post and a notorious fraudster later convicted of running a $460 million Ponzi scheme, and Leslie H. Wexner, the billionaire founder of retail chains including The Limited and the chief executive of the company that owns Victoria’s Secret.

Mr. Hoffenberg was Mr. Epstein’s partner in two ill-fated takeover bids in the 1980s, including one of Pan American World Airways, and would later claim that Mr. Epstein had been part of the scheme that landed him in jail — although Mr. Epstein was never charged. With Mr. Wexner, Mr. Epstein formed a financial and personal bond that baffled longtime associates of the wealthy retail magnate, who was his only publicly disclosed investor. -New York Times

"I think we both possess the skill of seeing patterns," Wexner told Vanity Fair in 2003. "But Jeffrey sees patterns in politics and financial markets, and I see patterns in lifestyle and fashion trends."

Those around Wexner were mystified over Wexner's affinity for Epstein.

"Everyone was mystified as to what his appeal was," said Robert Morosky, a former vice chairman of The Limited. "I checked around and found out he was a private high school math teacher, and that was all I could find out. There was just nothing there."

As the New York Times noted on Wednesday, Epstein's "infinite means" may be a mirage, as while he is undoubtedly extremely rich, there is "little evidence that Mr. Epstein is a billionaire."

While Epstein told potential clients he only accepted investments of $1 billion or more, his investment firm reported having $88 million in capital from his shareholders, and 20 employees according to a 2002 court filing - far fewer than figures being reported at the time.

And while most of Epstein's dealings are unknown, his Financial Trust Company also had a $121 million investment in DB Zwirn & Co, which shuttered its doors in 2008, and had a stake in Bear Stearns's failed High-Grade Structured Credit Strategies Enhanced Leverage Fund - the collapse of which helped spark the global financial crisis.

Epstein was hit hard by the financial crisis a decade ago, while allegations of sexual abuse of teenage girls caused many associates - such as Wexner - to sever ties with him.

Bear Stearns — the bank that had given Mr. Epstein his start — was still among his investments when the crisis hit. According to a lawsuit he later filed against the bank, Mr. Epstein controlled about 176,000 shares of Bear Stearns, worth nearly $18 million, in August 2007.

Mr. Epstein sold 56,000 shares at $101 each that month. He sold the remaining 120,000 shares in March 2008 as the firm was collapsing — 20,000 at $35 and the rest at $3.04, losing big. He also lost about $50 million in one of Bear’s hedge funds.

By the time Bear Stearns came apart, Mr. Epstein was at the center of his first abuse case. He pleaded guilty to prostitution charges in 2008, receiving a jail sentence that allowed him to work at home during the day but also required him to register as a sex offender. -New York Times

In trying to determine what Epstein is actually worth, Bloomberg notes that "So little is known about Epstein’s current business or clients that the only things that can be valued with any certainty are his properties. The Manhattan mansion is estimated to be worth at least $77 million, according to a federal document submitted in advance of his bail hearing."

He also has properties in New Mexico, Paris and the U.S. Virgin Islands, where he has a private island, and a Palm Beach estate with an assessed value of more than $12 million. He shuttles between them by private jet and has at least 15 cars, including seven Chevrolet Suburbans, according to federal authorities. -Bloomberg

Deutsche Bank, meanwhile, severed ties with Epstein earlier this year - right as federal prosecutors were preparing to charge him with operating a sex-trafficking ring of underage girls out of his sprawling homes in Manhattan and Palm Beach, according to Bloomberg, citing a person familiar with the situation. It is unknown how much money was involved or how long Epstein had been a client.

https://www.zerohedge.com/news/2019-...evealed-filing

Deutsche Bank, meanwhile, severed ties with Epstein earlier this year

deutsche bank is sooooo shady.

Originally Posted by harrybarracuda

Then again he also said "I did not have sexual relations with that woman".

Waiting for his insurance videos to start surfacing...!

New victims come forward as Epstein asks to be released from jail to his Manhattan mansion

At least a dozen new victims have come forward to claim they were sexually abused by Jeffrey Epstein even as the multimillionaire money manager tries to convince a federal judge to allow him to await a sex trafficking trial from the comfort of the same $77 million Manhattan mansion where he’s accused of luring teenage girls into unwanted sex acts.

Following Epstein’s arrest Saturday in New Jersey, four women have reached out to New York lawyer David Boies, and at least 10 other women have approached other lawyers who have represented dozens of Epstein’s alleged victims in the past.

Jack Scarola, a Palm Beach attorney, said at least five women, all of whom were minors at the time of their alleged encounters with Epstein, have reached out to either him or Fort Lauderdale lawyer Brad Edwards.

“The people we are speaking to are underage victims in Florida and in New York. They are not individuals whose claims have previously been part of any law enforcement investigation,’’ Scarola said.

Read more here: https://www.miamiherald.com/news/nat...#storylink=cpy

US Labour Secretary Alex Acosta is resigning amid criticism of his brokering of a plea deal for financier Jeffrey Epstein in a child sex case.
Mr Acosta, a former Florida prosecutor, made the announcement from the White House lawn on Friday with President Donald Trump stood by his side.

https://www.bbc.com/news/world-us-canada-48967419

Of course baldy orange cunto is now claiming that he didn't know Acosta when he hired him.

Oh I'm fucking sure.

underage victims

??? Isn't it same as "children"???

The Mystery Surrounding Jeffrey Epstein’s Private Island

From the harbor on St. Thomas, the boat skims eastward across the crystalline Caribbean, takes a turn and there it is: the palm-fringed paradise that was the private redoubt of Jeffrey Epstein.

An American flag on a towering pole flutters in the breeze. A blue-and-white building that resembles a temple sits atop one of the hills. The pool and cabanas are visible in the distance. There’s no traffic on the winding dirt roads, no people on the dock or the beach.

It’s quiet now on the island of Little St. James. Epstein dubbed it Little St. Jeff’s. Locals have other names for it: Pedophile Island and Orgy Island.


This is where Epstein –- convicted of sex crimes a decade ago in Florida and now charged in New York with trafficking girls as young as 14 –- repaired, his escape from the toil of cultivating the rich and powerful.

Over the years, the 66-year-old crossed paths with former and future presidents, as well as a Who’s Who of wealthy business figures and celebrities. On St. Thomas, he has been a subject of lurid speculation for as long as anyone can remember. Tourists still take boats out to get a glimpse of the island, where, according to a former employee, Epstein hosted young women who flew into St. Thomas with him and were ferried over in groups aboard a 38-foot vessel called the “Lady Ghislaine,” apparently named for his friend Ghislaine Maxwell.

“It’s part of the tour and has been forever,” said Kristi Query, owner of Virgin Islands Yacht Charters in Compass Point Marina on St. Thomas, the gateway isle of the U.S. Virgin Islands.

Few here doubt that Epstein is wealthy. He routinely touched down on St. Thomas aboard his private jet before being whisked by helicopter to his 72-acre retreat. He spent many millions after buying it for $7.95 million in 1998, carving roads, planting scores of 40-foot palms, building several villas and the temple structure, which was topped by a gold-colored dome until Hurricane Irma blew it off, according to locals.



Yet the size and source of Epstein’s fortune are as much a source of speculation here as they are on Wall Street. Bankers and money managers wonder exactly what his business entailed, with theories ranging from helping the ultra-rich reduce their taxes to buying and selling currencies.

Reid Weingarten, a lawyer for Epstein, didn’t immediately return a voicemail message seeking comment for this story.

The properties Epstein owns certainly suggest he knew his way around the world of big money. He has a second private island, Great St. James, mansions in Palm Beach and Manhattan, an apartment in Paris and a ranch in New Mexico that, according to an October 2009 deposition in a civil lawsuit, has its own 4,500-foot airstrip.


The New York townhouse alone is worth more than $100 million, according to Dolly Lenz, a luxury real estate agent who has viewed it. “Literally, only billionaires have these kind of assets,” she said.

Epstein didn’t spend much time on St. Thomas, according to locals, but his business is headquartered there in a commercial plaza that’s also home to a Sami’s Mini-Mart and the Happy Nails salon. There’s no map to guide a visitor to the office and no signs on any door, though at least five Epstein entities are or have been registered in a suite there, according to public records.

Among them are companies that hold his Gulfstream jets, Financial Trust Co. and Southern Trust Co., whose business is described as “DNA database and data mining” on a government website that lists Cecile deJongh as the office manager. DeJongh, the wife of a former governor of the territory, couldn’t be reached for comment.

Before he transferred his operations two decades ago to the U.S. Virgin Islands, Epstein was based in New York. Financial Trust was then called J. Epstein & Co., a money-management firm he famously touted as catering to billionaires only. The primary client, it appears, was Victoria’s Secret mogul Les Wexner.

Wexner visited Little St. Jeff’s at least once, the former Epstein employee said, and Victoria’s Secret models were among the guests he saw there.

The move to the U.S. territory could have been for privacy, or the juicy tax benefits. Qualifying companies are eligible for a 90% reduction in corporate income tax and personal income tax if they meet certain conditions, including employing at least 10 residents and investing $100,000 in local industries. Southern Trust is listed at the Economic Development Authority as one of the beneficiaries of local tax incentives.

Back in his heyday, before his 2008 guilty plea in Florida, Epstein would visit his piece of the Virgin Islands archipelago about two or three times a month for stays of three or four days, according to the former staffer, who asked not to be named because Epstein insisted on secrecy from his employees. He described it as a Zen-like retreat when Epstein was there, padding around shirtless in shorts and flip-flops, with meditative music piped into the area around the main house, the cabanas and the pool, where women would sometimes sunbathe topless or in the nude.

The crew of groundskeepers and other workers sported black or white polo shirts when the master was in residence -- and darted away when they spied him. The former employee said they had to obey one ironclad rule: Epstein could never catch sight of them.

Among the other oddities of being employed there, the former staffer said, was Epstein’s interest in “pirate treasure.” Not gold doubloons, but old rum bottles and crockery that workers would come across. If you found an old rum bottle, Epstein would pay $100 for it. An unbroken plate was worth $1,000. A broken plate, as long as it was more than half intact, would fetch $500.

The only unusual aspect of the main residence the former worker said he was aware of were the security boxes in two offices. The level of secrecy around a steel safe in Epstein’s office, in particular, suggested it contained much more than just money, he said. Outside of an occasional visit by a housekeeper, no one was allowed in those rooms.

Whether Epstein will ever return to Little St. Jeff’s is unknown. He is incarcerated at Metropolitan Correctional Center in New York, where a federal judge is scheduled to consider his request for bail at a hearing on Monday.

https://www.bloomberg.com/news/artic...has-gone-quiet

a few years ago there was someone on this board that was banging on and on about a paedo ring in the UK that comprised of royals, politicians and celebrities. the things he posted didn't seem at all plausible, and i may have replied with what could be described as a high dose of skepticism.

Whoever that was, please accept my apology.

Tut tut how silly.

Royals, pollies and celebrities are no more equal than the peasantry and must worry about the consequences of their acts like the rest of us.

Oooh look. A flock of pigs migrating to their breeding grounds.

Quite a fascinating glimpse into the life of Epstein.
Wonder what's in that safe.

Originally Posted by raycarey

a few years ago there was someone on this board that was banging on and on about a paedo ring in the UK that comprised of royals, politicians and celebrities. the things he posted didn't seem at all plausible, and i may have replied with what could be described as a high dose of skepticism.

Whoever that was, please accept my apology.

I think they're the ones that were convinced Cliff Richard was going to some nonce's house in South London and offered some witless evidence to the effect that he had some stupid nickname and it was written on some piece of paper that purported to be a page from a sign in book.

As it turns out, they were wrong.

Which isn't to say a few Tory MPs didn't take kids back to Dolphin Square and it's been studiously covered up, but I don't think Airmiles Andy was involved. He'll go anywhere for a free game of golf.

Originally Posted by Klondyke

authorities raided his home and found “a vast trove of lewd photographs,” including girls who appeared to be underage.

What's in the safe ? Another vast trove, of course !

Originally Posted by Latindancer

What's in the safe ? Another vast trove, of course !

Jurisdictional issues I'm sure. Which is why the really juicy stuff is probably there.

Time for a little CIA burglary if you ask me. They'd fucking love to get dirt on baldy orange cunto after the way he's treated them.

Posted plenty pics of Drumpf and Epslime elsewhere...so here's another one of Pedostein's good buddies.



Fucking douches...all of them.

Douches at least have a practical application.
This pile of muppets is just a pile.

Originally Posted by SKkin

Posted plenty pics of Drumpf and Epslime elsewhere...so here's another one of Pedostein's good buddies.

obviously not a real pic.

Originally Posted by raycarey

obviously not a real pic.

Skkin is right though, it is "fair and balanced" to post pictures of Clinton with known sexual predators.

Originally Posted by Latindancer

What's in the safe ? Another vast trove, of course !

It's a decoy, the videos and other incriminating evidence are stored in far safer places.

I don't care who they are, take the fucking lot down.