Quantcast
Connect with us

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

Published

on

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.

ADVERTISEMENT

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.

ADVERTISEMENT

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

“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:

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

Report typos and corrections to: [email protected].
READ COMMENTS - JOIN THE DISCUSSION
Continue Reading

Breaking Banner

Trump has figured out how to get taxpayers to renovate one of his golf courses: MSNBC panel

Published

on

President Donald Trump has figured out how to have taxpayers pay to renovate his Trump National Doral Miami golf course, according to an analysis by MSNBC's Stephanie Ruhle.

"Before setting himself on fire on Ukraine yesterday, Mick Mulvaney came into the White House briefing room to break to the nation the fact the that the Trump Doral golf resort turns out to be -- in his estimation, organically, just sitting there -- the best possible place to have a G-7 Summit of world leaders," MSNBC's Brian Williams reported. "That was provision number one. There’s no better place that we can find. Number two was, the president will not profit from said G-7."

Continue Reading

Breaking Banner

Bill Maher reveals plan to ‘bribe’ Trump with one billion dollars — for him to leave office

Published

on

The Constitution has two mechanisms to remove President Donald Trump from office prior to his term ending on January 20, 2021: impeachment and the 25th Amendment.

HBO "Real Time" host Bill Maher noted that Trump could also choose to resign.

Maher waved around a $1 million check that he said he would give to Trump to quit.

He said he also knew 1,000 people who would do the same -- which would land Trump over $1 billion.

Maher said even poor people would pawn their wedding rings to add to the pot.

Watch:

Continue Reading
 

Breaking Banner

Trump can’t fire Mulvaney because nobody else wants to be his chief of staff: report

Published

on

White House Chief of Staff Mick Mulvaney will likely stay on at the White House despite his public confession of a quid pro quo in the Ukraine scandal at the center of the impeachment inquiry, The New York Times reported Friday.

"But Mr. Mulvaney’s job has been anything but normal since the news conference on Thursday at which he seemingly undermined the Trump administration’s strategy for avoiding impeachment by acknowledging that Mr. Trump had sought a quid pro quo for providing Ukraine with American aid," the newspaper reported. "In the chaotic aftermath, the president’s Republican allies are questioning Mr. Mulvaney’s savvy and intelligence even as the Trump campaign is defiantly turning one of his lines from the news conference into a T-shirt."

Continue Reading
 
 
Help Raw Story Uncover Injustice. Join Raw Story Investigates for $1 and go ad-free.
close-image