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Jeffrey Epstein may not actually be a billionaire — and relied heavily on Trump’s favorite bank: NYT

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One of the most lingering unanswered questions about Jeffrey Epstein, the mysterious wealth manager connected to numerous high-powered politicians and institutions who is now facing indictment over child sex trafficking, is how exactly Epstein got to be a billionaire managing the accounts of the wealthiest people on earth.

According to a new investigation by The New York Times, it turns out that Epstein may not have been a billionaire at all. His investment organization has almost nothing in the way of financial reports — and it turns out he may have had the same avenue to credit that President Donald Trump had.

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“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,” reported the Times. “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.”

Another connection he enjoyed, according to the Times, was Deutsche Bank — the same international creditor that routinely did business with the Trump Organization. Deutsche Bank reportedly only cut off Epstein a few months ago, as his criminal liability mounted.

Deutsche Bank itself is facing a flurry of investigations over their relationship with Trump and with a sovereign wealth fund in Malaysia plagued with corruption and embezzlement. The company is slashing 18,000 jobs as its woes continue.


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Cheerleader barred from the University of Tennessee after racist Snapchat post surfaces

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A prospective incoming freshman to the University of Tennessee and member of the cheer-leading team has been informed that she will no longer be allowed to attend the university, thank to racist comments she made on social media, WVLT reports.

"On Wednesday, following a racist video and photo surfacing on social media, Athletics made the decision not to allow a prospective student to join the Spirit Program. She will not be attending the university this fall," a tweet from the University read.

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Bill Barr has an army of over 132,000 federal law officers at his fingertips to snuff out protests: report

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In a deep dive into how Attorney General Bill Barr took control of policing earlier in the week at Lafayette Park so that Donald Trump could have a photo-op in front of historic St. John’s Church, Politico reports that the Justice Department has a veritable army of civilian law officers at the AG's disposal should he wish to quell any more protests.

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California mayor resigns after saying no ‘good person of color’ has ever been killed by police

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A southern California mayor resigned after making a racist statement about black Americans killed by police officers.

Temecula Mayor James Stewart apologized and tried to explain his statement in an email, in which he claimed he didn't “believe there’s ever been a good person of color killed by a police officer” locally, reported The Press-Enterprise.

“Unfortunately I did not take the time to proofread what was recorded," Stewart told the newspaper. "I absolutely did not say that. What I said is, and I don’t believe there has ever been a person of color murdered by police, on context to Temecula or Riverside County. I absolutely did not say ‘good.’ I have no idea how that popped up.”

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