Quantcast
Connect with us

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

Published

on

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.

ADVERTISEMENT

“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.

ADVERTISEMENT

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

Breaking Banner

New testimony adds 2 stunning — and previously unknown — details about the Ukraine extortion

Published

on

New testimony released Monday from the House Intelligence Committee’s investigation of the Ukraine scandal included at least two new stunning details about the quid pro quo scheme at the heart of the matter.

Overall, the transcripts for depositions of Catherine Croft and Christopher Anderson, who were advisers to U.S. envoy Kurt Volker, built on the story of that we already know: that President Donald Trump pushed a shadow foreign policy to pressure Ukraine into investigating his political opponents, a scheme that involved using his office and military aid as leverage over the country in opposition to the official policy.

Continue Reading

Breaking Banner

Trump blasted for his ‘Endorsement of Doom’ after Sean Spicer loses on ‘Dancing with the Stars’

Published

on

Team Trump had gone all in urging supporters to vote for former White House press secretary Sean Spicer on the game show "Dancing with the Stars."

Votes had been urged by RNC officials and Trump himself had urged his 66 million Twitter followers to vote for Spicer.

Despite the full heft of the Trump campaign, Spicer lost on Monday's show.

Trump deleted his failed tweet urging votes for Spicer -- and instead said it was a "great try" by his former advisor.

Looks like this endorsement was as successful as your last one!

Continue Reading
 

Breaking Banner

‘He’s misunderstood’: Nikki Haley tells Fox News how Trump is actually a really good listener

Published

on

Former Ambassador to the U.N. Nikki Haley defended President Donald Trump during a Monday appearance with Fox News personality Sean Hannity.

Hannity asked the former South Carolina governor if Trump was "misunderstood."

"I do think he’s misunderstood," Haley replied.

"I can tell you, from the first day to the last day that I worked for the president, he always listened, he was always conscious of hearing other voices, allowing people to debate out the issues, and then he made his decision," Haley claimed.

She argued that, "I saw a president that was very thoughtful, looked at all of the issues, made decisions, and it was a pleasure and honor to work with him."

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