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Me.

(35,454 posts)
Mon Jul 8, 2019, 05:26 PM Jul 2019

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

9 replies = new reply since forum marked as read
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What Is The Source Of Epstein's Money? (Original Post) Me. Jul 2019 OP
Money launderer for the Russian mob more than likely. LiberalArkie Jul 2019 #1
DingDingDing volstork Jul 2019 #4
Check Video .. LiberalArkie Jul 2019 #5
Pimping? ChicagoRonin Jul 2019 #2
Also the leverage you have over those whose secret you know localroger Jul 2019 #8
Interesting. Are tax records public? Laundering, blackmail, procurement? 58Sunliner Jul 2019 #3
He Also Handled The Money For THe Guy Who Owned Victoria's Secret Me. Jul 2019 #9
This might be the tip of the iceberg. LuvNewcastle Jul 2019 #6
book it nt Celerity Jul 2019 #7

LiberalArkie

(15,719 posts)
5. Check Video ..
Mon Jul 8, 2019, 06:45 PM
Jul 2019

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

ChicagoRonin

(630 posts)
2. Pimping?
Mon Jul 8, 2019, 05:38 PM
Jul 2019

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

localroger

(3,629 posts)
8. Also the leverage you have over those whose secret you know
Mon Jul 8, 2019, 09:07 PM
Jul 2019

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

58Sunliner

(4,386 posts)
3. Interesting. Are tax records public? Laundering, blackmail, procurement?
Mon Jul 8, 2019, 05:57 PM
Jul 2019

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.

LuvNewcastle

(16,847 posts)
6. This might be the tip of the iceberg.
Mon Jul 8, 2019, 07:28 PM
Jul 2019

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

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