A perspective from the Tea Party.
https://www.teaparty.org/insider-co...y-epsteins-clients-will-be-staggering-374864/
The shoe is about the drop on prominent Democratic Party donor Jeffrey Epstein’s child sex trafficking operation that is widely suspected to implicate some of the most famous and prestigious people in the world, and insiders are claiming that the revelations will not disappoint.
good, looking forward to the carnage, I hope everyone associated burns
I've read quite a bit and the best theory i've seen for his wealth goes something like this
He made a lot of money in the late 70's and early 80's with Bear Stearns to ultimately get fired for unknown reasons, speculation is that he had set up a Ponzi scheme within Bear, so they got rid of him quietly to not scare investors.
With the money he earned doing his scam and after he built a mansion and threw insane parties while also recruiting young girls to work for him.
Next recording equipment in the house. Then drugs and alcohol.
Invite a lot of really rich men to your legendary house filled with young girls, drugs, alcohol and recording equipment and before long you've got a lot of great dirt on a lot of really wealthy people.
But how do you monetize it? Can't just take cash bribes, how do you report that? How easy does it then become to push one person too far and get caught? Or shot. So you have to do something far, far more clever.
You start a hedge fund. You don't need to actually trade anything. You can put it all in index funds or T-bills, makes no difference at all. What you are after is the fees. Take a guy that came to a party, met a hot young girl, had a great time and then learned that said hot young girl is 16. An amateur would say to that guy give me $50K and I won't tell. Epstein says, stick a million in my fund, I'll charge you 5% a year to manage it and no one will suspect a thing, funds have fees right? Stretch that over nearly 40 years and realize the fortunes we are talking about here, like the British Royal Family and suddenly that $1M in the fund becomes $100M. Think about the brilliance here, that wealthy individual doesn't even lose the money. It's still there, in their name, an assert that they can leverage, just being managed with a reportedly very favorable to Epstein Power of Attorney.
Then you rap in others with power if not as much cash. Politicians, famous people, others and suddenly you have protection of the politicians and extreme levels of access from the famous. Don't even need to bribe them. Just let them know what you've got. But they do have to give you legitimacy to their friends and provide you access to them. Invite them over to parties and the cycle perpetuates itself.
not sure this is accurate but it is where my head is now, but it explains so much. Why no one in the Hedge Fund business or trading house has dealt with him, how he can run a purportedly massive fund with so few employees as well as showing a seemingly completely legit source of wealth that seems near inexhaustible