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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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Jeffrey Epstein (mug shot)

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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Black man takes N-word spewing racist to school — and makes him promise to never do it again

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When a racist White guy at a marina shouted out the N-word at a group of Black men, he probably didn't count on their response being a history lesson, but that's precisely what happened.

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"What made you say it?" the men asked.

The white guy shrugged.

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"Uh, no, I--" the White guy tried to answer.

"Then why would you call us a n*gger?" one of the men asks.

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Lamar Alexander refuses to stand against Trump Supreme Court choice

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"Senator McConnell is only doing what Democrat leaders have said they would do if the shoe were on the other foot," said Alexander.

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The middle class reached the end of their rope during Trump’s COVID-19 crisis — and the Senate still won’t do anything

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The hold on evictions has sunset, the extra unemployment help has expired, and far too much COVID-19 bailout money went to companies and corporations instead of Americans. The middle-class that Republicans claim to support so fully has now reached the end of their rope, and the GOP's focus has shifted from the coronavirus stimulus to passing through a new Supreme Court Justice.

The Wall Street Journal walked through the way in which the pandemic has wreaked havoc on Americans who are now so far in debt as a result of the crisis that the fear they'll never come out of it.

Alysse Hopkins was a successful attorney who made a comfortable living, but now, she fears she "will never claw my way out of this situation."

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