Courtesy of Pam Martens
Jeffrey Epstein is variously called a “billionaire,” a “hedge fund manager,” or a “financier” in the hundreds of articles that have appeared in print this month. But no one can say with any certainty how Epstein obtained his wealth or exactly how much wealth he actually has. We’ve located a highly interesting ledger from one of his nonprofit tax filings which shows he was able to get his hands on highly preferential hot IPOs (Initial Public Offerings) and flipped them on their first day of trading. We’ll explore that in detail shortly, but first some background.
Jeffrey Epstein is due in Federal Court in Manhattan this morning to argue his case for being allowed to serve his time until trial under house arrest in his opulent $77 million mansion on the upper East Side rather than the drab confinements of jail. Epstein was arrested by federal prosecutors on Saturday, July 6, and charged with sex trafficking of minors and sexually abusing dozens of underage girls at his mansions in Palm Beach, Manhattan and potentially at other mansions he owns. (Read the full text of the indictment here.)
There are a multitude of strong arguments against releasing this man from jail: ostensibly Epstein should have begun serving a life sentence a decade ago after Palm Beach, Florida police compiled sexual assault and trafficking evidence from more than 40 young women and gave it to the FBI. A sweetheart deal was instead crafted in that case during a meeting by his lawyer and federal prosecutor, Alex Acosta, which resulted in Epstein serving only 13 months in a private wing of the Palm Beach county jail. Adding insult to injury, the Palm Beach County Sheriff’s Department allowed Epstein to leave the jail from 7 a.m. to 11 p.m. in a work-release program, six days a week, during the final 10 months of his incarceration.
Acosta advanced to Secretary of the U.S. Labor Department…wait for it…the Federal agency in charge of sex trafficking. Acosta resigned on Friday after widespread media reports of his involvement in the Epstein case.
Another strong reason to keep Epstein in jail is that under his plea deal in Florida, he is registered as a Level 3 Sex Offender in New York and his mansion is located just blocks from the Hewitt K-12 all girls school. When authorities raided his Manhattan mansion in conjunction with his recent arrest, they found hundreds of pictures of naked young girls in a safe in his house, according to a statement from prosecutors.
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