Source – theeconomiccollapseblog.com
– “….Records in the defamation case contained descriptions of sexual abuse by Epstein along with new allegations of sexual abuse by ‘numerous prominent American politicians, powerful business executives, foreign presidents, a well-known prime minister and other world leaders’
Snyder: Epstein Case Has The Potential To Be The Biggest Scandal In American History
We are about to open up a can of worms that could turn our entire country completely upside down by the time it is all said and done. Billionaire Jeffrey Epstein’s horrific crimes have been well known for a very long time, and I have been writing about them for many years. In fact, there were some people that really, really didn’t like it when I wrote about Bill Clinton’s connections to Jeffrey Epstein and “the Lolita Express” during the 2016 presidential election. Flight records show that Bill Clinton took 26 trips on board Jeffrey Epstein’s infamous private plane, and Clinton also spent an enormous amount of time on Epstein’s secluded private “sex island” where underage girls were routinely abused. Of course Jeffrey Epstein had lots of other very famous friends as well, and it has been documented that his “black book” was absolutely filled with marquee names from Hollywood, Wall Street and Washington.
But despite everything that we knew about what was going on, for a very long time it looked like justice would never be served. Epstein got an absolutely ridiculous sweetheart deal from prosecutors in 2008, and none of his famous friends were ever charged with anything. They all probably thought that they had escaped the grasp of law enforcement forever, but this month everything has suddenly changed.
In recent days, authorities apprehended Epstein after his plane returned from an overseas trip, they raided his home, and they formally charged him with sex trafficking and conspiracy…
Fund manager Jeffrey Epstein used his wealth and power to sexually abuse dozens of young girls for years at one of the biggest mansions in Manhattan, paying them hundreds of dollars in cash for each encounter and hundreds more if they brought in more victims, U.S. prosecutors said.
Now, federal prosecutors are charging him with sex trafficking and conspiracy. They’re seeking to send him prison for years and seize that Manhattan home.
The indictment unsealed on Monday against the well-connected financier came days after his arrest upon returning from overseas and just hours after federal agents used a crowbar to enter the townhouse.
The U.S. Attorney’s Office for the Southern District of New York is prosecuting Epstein, and they don’t mess around. They win more than 90 percent of the cases that actually go to trial, and Epstein has good reason to be shaking in his boots at this point.
And it is also extremely interesting to note that James Comey’s daughter is one of the prosecutors on this case…
Maurene Comey, daughter of former FBI Director James Comey, is reportedly a prosecutor in the new criminal case against convicted pedophile Jeffrey Epstein. This details comes out of a new CNN report. The source is described as a person “with knowledge of the case.”
Will that turn out to be significant?
We shall see as this drama plays out.
In the legal community, everyone has an agenda, and the U.S. Attorney’s Office for the Southern District of New York certainly has an agenda in this case.
But what is their goal?
Why have they decided to pursue this specific case at this specific time?
Perhaps the primary goal is to nail Epstein to the wall once and for all. If Epstein is convicted of all the charges against him, he will spend the rest of his life in prison. And if that is all there is to this story, it won’t be an enormous national scandal.
However, it could also be possible that the U.S. Attorney’s Office for the Southern District of New York wants to use Epstein to get to one or more of his famous friends, and that is where things could get very “interesting”.
And the fact that this case “is being overseen by the Public Corruption Unit of the SDNY” would seem to indicate that something is up…
Second, what should we make of reporting that Epstein’s prosecution is being overseen by the Public Corruption Unit of the SDNY? Short answer: It’s too soon to say. It could mean that a public official is being investigated or will be charged with Epstein. That could be a minor public figure or a major one. It could mean that SDNY is investigating misconduct in the plea that Epstein was given in 2008. Or it could mean none of those things.
After everything that Epstein went through in 2008, you would think that he would clean up his life and get rid of all the stuff that got him into so much trouble in the first place.
But when authorities raided his home, they discovered a “vast trove” of photographic evidence…
Prosecutors said a search of Epstein’s Manhattan mansion after his arrest turned up a ”vast trove” of nude photos of what appeared to be underage girls. Officials said in court papers that the pictures included some on CDs with handwritten labels, including “Misc nudes 1,” “Girl pics nude” and the names of specific young women.
It has also previously been reported that in the old days Epstein would actually record “the sordid orgies he threw for VIPs at his luxury homes using cameras hidden in the walls of guest bedrooms”, but it is not known if those recordings still exist or if authorities were able to find any such recordings when they raided Epstein’s home.
In any event, there is clearly an enormous amount of evidence against Epstein already, and that means his only hope of avoiding prison for the rest of his life is to cooperate with authorities.
And as former federal prosecutor Elie Honig has pointed out, Epstein’s former friends from Hollywood, Wall Street and Washington should be quite scared right now…
We do not know if Epstein will cooperate, but even if he does not, others will very likely be implicated. It seems clear from the indictment that others helped Epstein run his alleged sex trafficking operation and otherwise participated in it. At least some of those names will come out in court proceedings, public filings, potentially trial and perhaps additional indictments. And it’s worth noting that the Epstein case is being handled by the SDNY’s Public Corruption Unit — in my experience, human trafficking cases usually are handled elsewhere in the office — which strongly suggests that public officials could be under a microscope here. Anybody who helped Epstein in any way needs to get a lawyer and get scared.
Of course Epstein could choose to sacrifice himself and protect his friends by not talking, but that isn’t likely to happen. In fact, Jack Posobiec is reporting that Epstein’s lawyers have already made it clear to the SDNY that their client will cooperate as long as he can get a reduced sentence…
SCOOP: Epstein’s lawyer has already made a proffer to SDNY. Epstein will agree to cooperate with the investigation, including giving up the names of individuals that paid for activities with underage girls in exchange for a maximum sentence not to exceed 5 years
In addition to Epstein’s potential testimony, just a few days ago a judge ordered the unsealing of records in a related case that detail allegations of “sexual abuse” by “numerous prominent American politicians, powerful business executives, foreign presidents, a well-known prime minister and other world leaders”…
This news comes just days after a judge ordered the unsealing of nearly 2,000 pages of records related to a civil case that could reveal how he and his accused accomplice Ghislaine Maxwell allegedly trafficked underage girls
The documents that will be unsealed are from a defamation case that was settled after Epstein entered a guilty plea guilty to a single charge of soliciting and procuring a person under age 18 for prostitution.
Records in the defamation case contained descriptions of sexual abuse by Epstein along with new allegations of sexual abuse by ‘numerous prominent American politicians, powerful business executives, foreign presidents, a well-known prime minister and other world leaders.’
We will talk about who some of those individuals might be in the second part of this series which I will post later tonight on The Most Important News.
I have been writing about corruption in the political world for a long time, but this could be the scandal of all scandals.
So stay tuned, because I believe that things are about to get extremely interesting.
Michael Snyder is a nationally-syndicated writer, media personality and political activist. He is the author of four books including Get Prepared Now, The Beginning Of The End and Living A Life That Really Matters. His articles are originally published on The Economic Collapse Blog, End Of The American Dream and The Most Important News. From there, his articles are republished on dozens of other prominent websites. If you would like to republish his articles, please feel free to do so. The more people that see this information the better, and we need to wake more people up while there is still time.
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.