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Thu Jul 11, 2019, 05:02 PM

Jeffrey Epstein's Fortune May Be More Illusion

When federal prosecutors announced sex-trafficking charges against Jeffrey Epstein this week, they described him as “a man of nearly infinite means.” They argued that his vast wealth — and his two private jets — made him a flight risk.

Mr. Epstein is routinely described as a billionaire and brilliant financier, and he rubbed elbows with the powerful, including former and future presidents. Even after his 2008 guilty plea in a prostitution case in Florida, he promoted himself as a financial wizard who used arcane mathematical models, and he often dropped the names of Nobel Prize-winning friends. He told potential clients that they had to invest a minimum of $1 billion. At his peak in the early 2000s, a magazine profile said he employed 150 people, some working out of the historic Villard Houses on Madison Avenue.

Much of that appears to be an illusion, and there is little evidence that Mr. Epstein is a billionaire.

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.

https://www.nytimes.com/2019/07/10/business/jeffrey-epstein-net-worth.html

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Response to Zorro (Original post)

Thu Jul 11, 2019, 05:19 PM

1. " ... there is little evidence that Mr. Epstein is a billionaire." Kind of like his good friend ...

... Donald J Trump. Although both share a love for being creepy ass sexual preditors.

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Response to Zorro (Original post)

Thu Jul 11, 2019, 05:20 PM

2. Or, he has leaked that he does not have enough money to pay all the lawsuits coming his way

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Response to Tech (Reply #2)

Thu Jul 11, 2019, 05:28 PM

5. It really looks like he has spent a lifetime spending other people's money.

I have read nothing so far that makes me think that he ever was a billionaire. It is just absolutely incredible how he got away with what it seems he has been doing for so long.

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Response to Tech (Reply #2)

Thu Jul 11, 2019, 07:06 PM

10. This is more like it

Like many wealthy husbands who suddenly become poor when it's time to pay child support.

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Response to Zorro (Original post)

Thu Jul 11, 2019, 05:24 PM

3. He's not a "brilliant financier" as much as a blackmailer would be my guess.

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Response to Merlot (Reply #3)

Thu Jul 11, 2019, 05:33 PM

6. "a blackmailer"

Yup. Get rich married men in pictures and video of having sex w/underage girls and
then hit 'em up for money. He might have had Alan Dershowitz over a barrel.*


* https://www.democraticunderground.com/100212264917

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Response to Merlot (Reply #3)

Thu Jul 11, 2019, 05:36 PM

7. +1. Epstein has a lot of videotapes.


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Response to dalton99a (Reply #7)

Thu Jul 11, 2019, 07:12 PM

11. And they are as good as gold.

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Response to Zorro (Original post)

Thu Jul 11, 2019, 05:24 PM

4. When I read the unpublished Vanity Fair piece on him,

my brain kept screaming "con artist". He worked at Bear Stearn, but Greenberg and Cayne were no boy scouts when it came to above board financial dealings.

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Response to Zorro (Original post)

Thu Jul 11, 2019, 05:46 PM

8. No wonder he and trump got along...two fake billionaires.

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Response to brush (Reply #8)

Thu Jul 11, 2019, 07:01 PM

9. Never forget Trump

made statements in early 2017 as the Comey firing was about to go down. I have the dirt on tons of people.

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Response to Zorro (Original post)

Thu Jul 11, 2019, 09:25 PM

12. ...

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Response to Zorro (Original post)

Thu Jul 11, 2019, 09:28 PM

13. Gee, who else does this sound like?

Our grifter-in-chief?

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