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How long until Epstein's mysterious suicide? by blackwater 07/15/2019, 1:21pm PDT
Come on, there's no Epstein thread?

Where did his money come from?

Matt Levine writes:


I don’t know, do you? Nobody seems to. Epstein, who was arrested this weekend for alleged child sex trafficking, is a famously wealthy and successful money manager who does not visibly manage any money. Who are his clients? What does he do with their billions of dollars of assets? Who are his trading counterparties? It is all mysterious.


The official story is that he owned a hedge fund that was only open for people with a billion dollars or more.


In 1982, according to those who know Epstein, he set up his own shop, J. Epstein and Co., which remains his core business today. The premise behind it was simple: Epstein would manage the individual and family fortunes of clients with $1 billion or more. Which is where the mystery deepens. Because according to the lore, Epstein, in 1982, immediately began collecting clients. There were no road shows, no whiz-bang marketing demos – just this: Jeff Epstein was open for business for those with $1 billion–plus.

From the get-go, his business was successful. But the conditions for investing with Epstein were steep: He would take total control of the billion dollars, charge a flat fee, and assume power of attorney to do whatever he thought was necessary to advance his client’s financial cause. And he remained true to the $1 billion entry fee. According to people who know him, if you were worth $700 million and felt the need for the services of Epstein and Co., you would receive a not-so-polite no-thank-you from Epstein.

It’s nice work if you can get it. Epstein runs a lean operation, and those close to him say that his actual staff – based here in Manhattan at the Villard House (home to Le Cirque); New Albany, Ohio; and St. Thomas, where he reincorporated his company seven years ago (now called Financial Trust Co.) – numbers around 150 and is purely administrative. When it comes to putting these billions to work in the markets, it is Epstein himself making all the investment calls – there are no analysts or portfolio managers, just twenty accountants to keep the wheels greased and a bevy of assistants – many of them conspicuously attractive young women – to organize his hectic life.


So he opens a hedge fund for people with a billion dollars or more, and is immediately successful? With no advertising and a tiny staff?

This guy was an intelligence asset for somebody. Prove me wrong, Caltrops, prove me wrong.
NEXT REPLY QUOTE
 
How long until Epstein's mysterious suicide? by blackwater 07/15/2019, 1:21pm PDT NEW
    The blackmail theory by blackwater 07/15/2019, 1:45pm PDT NEW
        Doesn't work. How could I pull the trigger on my blackmail material without by endangering myself and my clients? 07/15/2019, 2:41pm PDT NEW
            Blackmail is always a dangerous game to play. Doesn't stop people from trying by blackwater 07/17/2019, 11:34am PDT NEW
                Yeah not that kind of danger, agent blackwater. by Teen Beat 07/17/2019, 2:21pm PDT NEW
                    Re: Yeah not that kind of danger, agent blackwater. by blackwater 07/17/2019, 5:19pm PDT NEW
                        Jezebel. Huh NT by Mysterio Prime 07/17/2019, 7:39pm PDT NEW
                        I'll sleep easier knowing you probably won't be the next Jeffrey Epstein. by Teen Beat 07/17/2019, 7:40pm PDT NEW
    Kaus disputes the blackmail charge by Vested Id 07/17/2019, 2:49pm PDT NEW
        Re: Kaus disputes the blackmail charge by Mysterio, "Red String Leader" 07/17/2019, 9:41pm PDT NEW
    Whoa by Ice Cream Jonsey 07/27/2019, 5:15pm PDT NEW
        The press is saying he was found unconscious with neck injuries by Blackwater 07/27/2019, 10:59pm PDT NEW
    Well that didn't take long. NT by Mischief Maker 08/10/2019, 10:51am PDT NEW
        Real tough break by SM101: A Realistic Introduction 08/10/2019, 3:26pm PDT NEW
    Less than a month NT by Ice Cream Jonsey 08/10/2019, 3:07pm PDT NEW
    He “belonged to intelligence” according to Acosta by Blackwater 08/14/2019, 4:21pm PDT NEW
 
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