Forum Overview :: Motherfucking News :: How long until Epstein's mysterious suicide?

[quote name="blackwater"]Come on, there's no Epstein thread? Where did his money come from? Matt Levine writes: [quote] 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. [/quote] <a href="https://link.mail.bloombergbusiness.com/click/17440215.100139/aHR0cDovL255bWFnLmNvbS9ueW1ldHJvL25ld3MvcGVvcGxlL25fNzkxMi8/5bf332337e5554250324fc57Bff834157">The official story</a> is that he owned a hedge fund that was only open for people with a billion dollars or more. [quote] 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. [/quote] 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.[/quote]