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Mon Jul 8, 2019, 05:26 PM

What Is The Source Of Epstein's Money?

The best guess would be ‘who knows”

“For all his infamy, there are scant details of how he made his money. While he’s frequently been called a billionaire, his net worth is hard to ascertain. He ran a money management firm catering to the ultra-rich, primarily for Victoria’s Secret founder Les Wexner, but its assets were never made public and few on Wall Street have dealt with him as a financier or money manager.

According to his lawyers more than a decade ago, he had a net worth in excess of nine figures. Today, 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 Epstein’s 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.”

https://www.bloomberg.com/news/articles/2019-07-08/the-mystery-around-jeffrey-epstein-s-fortune-and-how-he-made-it

“Billionaire Jeffrey Epstein Due In Court To Face Sex Charges,” read a CNN chyron. “Jeffrey Epstein, Billionaire Long Accused of Molesting Minors, Is Charged,” said the New York Times.

Forbes has never included Epstein, 66, in its rankings of the World’s Billionaires, since there is scant proof he holds a ten-figure fortune. As we wrote in 2010, “The source of his wealth—a money management firm in the U.S. Virgin Islands—generates no public records, nor has his client list ever been released.”

Still, Epstein once mingled with billionaires, including President Trump. “I’ve known Jeff for fifteen years. Terrific guy,” Trump told New York Magazine in 2002. “He’s a lot of fun to be with. It is even said that he likes beautiful women as much as I do, and many of them are on the younger side.”

Moreover, Epstein’s former clients include Leslie Wexner, the billionaire founder of Victoria’s Secret; Epstein served as a trustee of The Wexner Foundation. A spokesperson for the retailer says that, “Mr. Wexner severed ties with Mr. Epstein more than a decade ago.”

https://www.forbes.com/sites/noahkirsch/2019/07/08/why-sex-offender-jeffrey-epstein-is-not-a-billionaire/#1d46141e15c7

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Reply What Is The Source Of Epstein's Money? (Original post)
Me. Monday OP
LiberalArkie Monday #1
volstork Monday #4
LiberalArkie Monday #5
ChicagoRonin Monday #2
localroger Monday #8
58Sunliner Monday #3
Me. Monday #9
LuvNewcastle Monday #6
Celerity Monday #7

Response to Me. (Original post)

Mon Jul 8, 2019, 05:30 PM

1. Money launderer for the Russian mob more than likely.

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Response to LiberalArkie (Reply #1)

Mon Jul 8, 2019, 05:58 PM

4. DingDingDing

We have a winner!

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Response to volstork (Reply #4)

Mon Jul 8, 2019, 06:45 PM

5. Check Video ..

But I have suspected for a very long time. Way too many wealthy people out of what used to be such a poor country

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Response to Me. (Original post)

Mon Jul 8, 2019, 05:38 PM

2. Pimping?

After all, procuring sex slaves (and keeping secrets) for the extremely rich and powerful probably carries a hefty price tag.

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Response to ChicagoRonin (Reply #2)

Mon Jul 8, 2019, 09:07 PM

8. Also the leverage you have over those whose secret you know

Discretion can get expensive, but you can still afford it if you're a billionaire.

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Response to Me. (Original post)

Mon Jul 8, 2019, 05:57 PM

3. Interesting. Are tax records public? Laundering, blackmail, procurement?

He took a position at Bear Stearns in '76, then was made a limited partner, left the firm in 81' to start his own business, based from the Virgin Islands. Supposedly he only took on billionaires for clients. His fortunes rose, but no one knows exactly how.

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Response to 58Sunliner (Reply #3)

Mon Jul 8, 2019, 09:26 PM

9. He Also Handled The Money For THe Guy Who Owned Victoria's Secret

but that was years ago.

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Response to Me. (Original post)

Mon Jul 8, 2019, 07:28 PM

6. This might be the tip of the iceberg.

His underground network might be a lot larger than what we've been told.

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Response to LuvNewcastle (Reply #6)

Mon Jul 8, 2019, 07:43 PM

7. book it nt

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