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‘Epstein was running a blackmail scheme under the cover of a hedge fund’: NY magazine reports on Wall St speculation

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Convicted sex offender Jeffrey Epstein claims to be a billionaire hedge fund manager. But his real business may have been a blackmail scheme that could end up implicating many of his powerful friends.

“Given this puzzling set of data points, the hedge-fund managers we spoke to leaned toward the theory that Epstein was running a blackmail scheme under the cover of a hedge fund,” New York Magazine reported Thursday.

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The magazine spoke with multiple Wall Street insiders for the story, including Douglas Kass of Seabreeze Partners Management.

“I’m hearing about the parties, hearing about a guy who’s throwing money around,” Kass, who lives in Palm Beach, Florida. “I went to my institutional brokers, to their trading desks and asked if they ever traded with him. I did it a few times until the date when he was arrested. Not one institutional trading desk, primary or secondary, had ever traded with Epstein’s firm.”

“How did he get the money?” Kass kept investigating.

“I don’t know anyone who’s ever invested in him; he’s never talked about by any of the allocators,” a billionaire hedge-fund manager told the magazine.

Kass was one hedge-fund manager who emailed around a Twitter thread explaining how such blackmail would work.

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“This actually sounds very plausible,” former hedge-fund manager Whitney Tilson said while emailing the thread around to Wall Street colleagues.

Here is the full thread by Quantian1:

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Dr. Anthony Fauci given Secret Service protection after threats and ‘fervent admirers’

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Dr. Anthony Fauci was nothing more than a run-of-the-mill infectious-diseases expert at the National Institute of Health until the coronavirus hit and he was brought into the task force. Now he's getting threats against his life.

Americans might be dodging the contagious COVID-19 but Dr. Fauci is facing an additional threat, the Washington Post reported Wednesday. As a result, he's been giving security protection while he's trying to save lives.

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Trump blows up at Fox News reporter for asking him about disbanding pandemic team

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On Wednesday, President Donald Trump lost his temper at a coronavirus press briefing when Fox News correspondent John Roberts asked him about his administration disbanding the pandemic response team.

"We didn't do that. That turned out to be a false story," said Trump. (It is not a false story.) "Now you're starting to go — are you working for CNN?"

"I'm pointing out what they have said and what you have said, that's all," said Roberts.

"Fox isn't so easy either, don't kid yourself," whined Trump. "Look, John, let me tell you something. You know that's a false story. What you just said is a false story, this doctor knows it better than anybody ... you shouldn't be repeating a story that you know is false."

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More than 1 in 5 ventilators in federal government stockpile is holding for emergencies don’t work

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As the coronavirus is raging through the United States, President Donald Trump has begun releasing personal protective equipment from federal stockpiles as well as much-needed ventilators. Unfortunately, however, one in five ventilators from the government don't work.

The New York Times reported Wednesday that there are 10,000 ventilators that the government is holding back for the next wave of the emergency.

"But what federal officials have neglected to mention is that more than 2,000 of the lifesaving devices are unavailable after the contract to maintain the government’s stockpile lapsed late last summer, and a contracting dispute meant that a new firm did not begin its work until late January. By then, the coronavirus crisis was already underway."

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