How di epstein make all his money

Was he running a Ponzi scheme? He avoided a possible life sentence in prison and spent 13 months in a Palm Beach jail, where he was allowed to leave for work six days a week. New York. Brooklyn , New York City , U.

Jeffrey Epstein got his start in finance at Bear Stearns.

There are lots of gross and prurient aspects to the lurid case unfolding around Jeffrey Epstein, a mysterious, well-connectedand evidently very wealthy self-professed financier, convicted sex offender, and alleged sexual abuser and trafficker of young girlsbut there are also lots of basic questions. For one: Where did Epstein get all his money? Then a profile of Epstein in New York laid out his origin story: Born and raised in Coney Island, How di epstein make all his money attended but did not graduate from Cooper Union and NYU; was recruited to Bear Stearns while teaching high school calculus and physics at the tony Dalton School; worked his way up to partner; left Bear Stearns under mysterious circumstances in ; founded his own wealth management company in which he would take on only billionaire clients who agreed to hand him total control of their money; yada yada yada multiple mansions, a fleet of private jets, his own island, and powerful friends. Ina Vanity Fair profile by Vicky Ward tore a few holes in that story, and inWard wrote in The Daily Beast that in her extensive reporting on Epstein «no one I spoke to believed» that «the hidden source of his wealth» was «managing the money of billionaires and taking a commission. Virgin Islands, where his «black box» of a company is now incorporated, Bloomberg News reports. Nobody seems to know where Jeffrey Epstein got all his money.

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Little is known about where Epstein’s fortune comes from. Unlike other well-known financiers, Epstein kept the client list and investments of his US Virgin Islands-based firm — in addition to his own personal net worth — confidential. Read more : The famous connections of Jeffrey Epstein, the elite wealth manager who died in jail while awaiting trial on sex trafficking charges. Epstein, 66, died by suicide in a Manhattan jail on August 10, as he awaited trial on charges of sex trafficking of minors. Epstein had been in police custody since July 6; he was arrested shortly after exiting his private jet in New Jersey’s Teterboro Airport. He pleaded not guilty on July 8 and was being held without bail in New York City. In , Epstein pleaded guilty to charges of solicitation of prostitution and procurement of minors for prostitution in Florida.

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This entire story is a great example of two principles that I like to use when making decisions or figuring out situations:. I use these ideas, plus my very limited understanding of the various moving pieces, to explain how Jeffrey Epstein made his money and why this was al, suicide…. I think we first have to look at what we actually know:.

You can buy a 40,foot house, ride private planes moeny day and night, have an island. Maybe he has some money all away but probably not that much. The theory is that he was a hedge fund manager or a money manager of some sort. All we actually know is that 30 years ago he helped billionaire Leslie Wexner with some philanthropy deals and perhaps other financial advice.

There is ZERO evidence he ever tried to raise money. Hedge funds need to raise lots and lots of money. When a big hedge fund raises money they need big investors. They need people working for them to manage those clients. They need to hire marketing teams to set up meetings. The meetings are attended by a dozen or so people who are involved in making the decision.

Thousands of people would jake involved to raise that kind of money. Marketers, employees, employees of the investors, people who did due diligence, background checks. Zero people have stated that they were involved in any aspect of fundraising.

There is ZERO evidence that he actually invested in. The SEC has zero information from Jeffrey Epstein and all the top hedge funds — over a billion — are accounted. What if he invested in real estate or private companies? Again, with that kind of money, hundreds or thousands of people would have to know. Has anyone stated they know of any investments? What if he invested secretly through a third party?

Well, then the third party would know. Because you are required to know your investor by law. After he died, it turned out he had invested in two companies in the U. He invested through a third party. With everything in life, the simplest answer is probably the most accurate.

He probably pitched rich foreign billionaires sheikhs, dictators. Running a hedge fund is hard. Raising money is hard see. And these dictators could care less about investing. The hedge fund was just a story so people could explain why they mondy wiring him money. He set up the island, the procurement of young girls, ri facade of respectability, the protection from government through his massive connections and apl presence.

That is obviously not an easy product to build. Every single dictator in the world can afford. Almost every single royal person in the world can mone.

Various foreign corrupt businessmen can afford that without thinking of it. Why would billionaires, dictators, royalty. Or they would be violating their religion. Or they were married and had a public image to live up to. Or they were afraid to get arrested. Why Epstein? Epstein hung out with presidents, country leaders, philanthropists.

For decades you could have reasonable excuses to meet Epstein not after his Florida jail time but. Prince Andrew is estein over Wikileaks. Prince Andrew is all over this Epstein story.

All of these guys that have come up in other investigations seem to have spent a lot of time with Epstein. So clearly the CIA was interested in his clientele. The CIA makes deals. Epstein would have had no reason to refuse the deal. But then why epsteib he prosecuted in Florida? Was he? He spent 18 months in jail nothing and was protected from all future prosecution.

This deal was so pro-Epstein that Acosta, the prosecutor who put together the how di epstein make all his money, had to actually resign from being secretary of labor. Nobody can understand why Acosta made a deal this good for Epstein.

Epstein assumed he could not be prosecuted in N. Which is why the Fed was going through more measures: uncovering documents, raiding his island. There are three possible answers: Yes but then how? No he was killed. All three involve conspiracy. Rule No. And, for fun, is he alive? They used a fake body. They falsified the autopsy.

Again, too many complications. Why would he kill himself if he thought he was going to go free? A Prison conditions at the MCC facility have been known amke be horrible. Drawing of a prison cell from when MCC was being accused of having horrible conditions. The Fed is currently looking for his diaries. Who knows the inner mind of epstei so corrupt? People say that it is almost impossible to kill yourself in the MCC facility. How would he do it? BUT: there is evidence in the past few decades that bribing guards have had results.

Despite being one of the most important prisons in the U. The difference in this case is that the CIA a,l a vested interest not being a conspiracy theorist. This is obvious epstejn stated above and many, many billionaires around the world hkw a vested interest in making payments and making it easy.

A bribe explains all of hiis unusual things around his suicide. Have the most over-worked guards on duty slip him something he can hang himself with wait a bit. This is not about any secret knowledge I have about Epstein. In fact, the fact that I DO NOT have knowledge about him despite being around hedge fund managers for 20 years gives epsteib a lot of insight into. It always has worked for me. By submitting your email address, you will receive a free subscription to Altucher Confidential.

This daily investment newsletter delivers free independent financial forecasting and commentary along with carefully selected epsttein and services that we think might interest you. We will not share your email address and you can unsubscribe at any time. Privacy Policy. The reason I suspect he was not a billionaire is: 1. Epstien now the question is: how did mske make any money at all?

There is ZERO evidence he ever tried to raise money Hedge funds need to raise lots and lots of money. A great gow is Yasser Arafat. When I first thought about this I thought: He probably pitched rich foreign billionaires sheikhs, dictators.

What Allegedly Went on Inside Jeffrey Epstein’s Jet

Epstein said his fortune came from the fees he charged his billionaire clients, according to Vanity Fair.

Archived from the original on March 2, Epstein how di epstein make all his money hired at the prestigious Manhattan college-prep institution by the father of Attorney General William Barr, and his students included the son of Bear Stearns chairman Alan Greenberg. It is unclear if Epstein still owned the Boeingdubbed «Lolita Express. Amy Klobuchar clocked in at 11 percent. American financier and convicted sex offender — Epstein previously served 13 months in Florida for prostitution-related charges as part of a plea deal that has been widely criticized. After the accusations became public, several persons and institutions returned donations that they had dl from Epstein, including Eliot SpitzerBill Richardson[] and the Palm Beach Police Department. It said David S. Archived from the original on Hoa 25, Archived from the original on January 10, maje It also has its own heated sidewalk to melt away the snow. Epstein ended up joining the firm.