Real Hedge-Fund Managers
Have Some Thoughts on
What Epstein Was Actually Doing
New York Magazine,
by
Michelle Celarier
Original Article
Posted By: Pluperfect,
7/12/2019 4:59:30 AM
Long before Jeffrey Epstein pleaded guilty to prostitution charges in Florida more than a decade ago, his fellow Palm Beach resident and hedge-fund manager Douglas Kass was intrigued by the local gossip about his neighbor.
“I’m hearing about the parties, hearing about a guy who’s throwing money around,” says Kass, president of Seabreeze Partners Management. While stories about young girls swarming Epstein’s waterfront mansion and the sex parties he hosted for the rich and powerful were the talk of the town, Kass was more focused on how this obscure person, rumored to be managing billions of dollars, had become so wealthy without much of a track record.
Kass was well-connected
Reply 1 - Posted by:
MissGrits 7/12/2019 5:20:37 AM (No. 121254)
This is not going to end well ... for a LOT of folks, the “friends” in high places!
21 people like this.
Reply 2 - Posted by:
Knotwyrkin 7/12/2019 6:25:41 AM (No. 121268)
Little will come of this. The real names of connected people in power will never be exposed. I have little hope that our political elite (of either party) will ever be held responsible.
55 people like this.
Reply 3 - Posted by:
bpl40 7/12/2019 6:37:51 AM (No. 121272)
Any surprise that such a steaming pile would attract the likes of the Clintons? Who knows, this time Bubba might have run out of his nine lives.
32 people like this.
Reply 4 - Posted by:
F15 Gork 7/12/2019 7:01:01 AM (No. 121292)
“Let’s make a deal. My freedom for all these videos and 8x10 glossies” - Jeff.......
17 people like this.
The twitter thread from @quantian1 is well worth reading and makes a lot of sense.
I'm on Twitter to get this kind of input from others (as well as to read President Trump's tweets of course), and I found this thread when it was 1st published.
Glad to see it's getting some recognition.
13 people like this.
So are there more sick pedophiles among the rich and famous; or do they get bold because they are rich and famous; or did they get rich and famous because they participated in these social circles?
Epstein has no degree, was tutoring a high school student when he was placed in this lucrative hedge-fund business by a parent.
15 people like this.
Reply 7 - Posted by:
LC Chihuahua 7/12/2019 7:51:32 AM (No. 121331)
Nobody will be covering for Epstein now. Besides blackmail, have to wonder if he was money laundering. Nobody makes that amount of money that fast on the merit of a product or service they are selling. Guessing his clients got tired of being forced to donate to the Epstein cause.
Epstein is going down, but the media and judicial system will coverup for all his cronies (unless they are Republican).
12 people like this.
FTA: “It’s hard to make a billion dollars quietly.” Epstein never made a peep in the financial world."
And so in light of this article, @quantian1's theory makes complete, absolute sense. I think he is spot on. This better not go away; I don't see how it can now that all of this has come out. Remember, Epstein was one of the founders/early contributors to the Clinton Foundation. And remember also, the exhoribant fees the Clintons charged for their various appearances/speaking engagements. 500K comes to mind. Did they need that money to pay off Epstein?
14 people like this.
Reply 9 - Posted by:
Peaches 7/12/2019 8:53:37 AM (No. 121372)
Blackmail is the new hedge fund.
15 people like this.
Reply 10 - Posted by:
Strike3 7/12/2019 9:19:17 AM (No. 121390)
Sometimes the simplest answer is the best and correct one. A nice mixture of real estate and stocks could provide a quickly growing investment, given the seed money available and the success of both of those markets over the past thirty years. I could even make that work.
3 people like this.
Reply 11 - Posted by:
Clinger 7/12/2019 9:24:13 AM (No. 121395)
My guess is that this is big enough for some high profile people to go down, pardon the expression, but the upper crust will skate including those with the name that ends with Clinton.
My guess is that there is a choking web of blackmail potential where everybody has something on somebody and somebody has something on everybody.
7 people like this.
Reply 12 - Posted by:
Rumblehog 7/12/2019 9:28:56 AM (No. 121402)
Why did the FBI never investigate the "charity" created and operated by infamous Penn State football coach, Jerry Sandusky? A charity for orphaned "young boys" was an ideal front for wealthy predatory homosexual pedophiles. He could pimp out young boys to wealthy, licentious pedos all over the country, yet the FBI allowed the Pennsylvania State Police and AG handle it all. Clearly, the crime was tied to sex-trafficking, but the FBI dropped the ball (again)... or did they just do the bidding of Obama to protect the wealthy elites involved? Imagine the damage control Penn State and the Pennsylvania Board of Regents must have gone through to protect their high net-worth "donors," who were involved with Coach Sandusky's "charity?"
15 people like this.
Reply 13 - Posted by:
Paper Straw 7/12/2019 9:29:05 AM (No. 121403)
The word out now is that Epstein is worth between one and
two hundred million, nowhere close to a billion. His sources
of wealth are likely illegal and his protection up to now has
probably been due to potential blackmail.
Jeff has cleverly scammed his way through life so far and now
he’s offering up $70 million to be let out of his cell. IOW, he’s
proposing a huge bribe to New York for a chance to bolt. He may
not have that much in liquid assets. He holds no cards and may
start coughing up names to stay out of Supermax.
9 people like this.
Reply 14 - Posted by:
Nevadadad46 7/12/2019 9:30:14 AM (No. 121404)
Pucker factor in more ways than one for some very elite elitists. Seems there is a real world out there, after all. They knew it, but, just stopped believing in it- now it is there on their headboard. When you do something you will later regret, you know it at the moment you are doing it. Agony! Agony!
7 people like this.
Reply 15 - Posted by:
Ida Lou Pino 7/12/2019 9:32:45 AM (No. 121407)
How did Epstein make his money?
Very simple - - he sold walnuts in the Republic of Georgia - - then he ran a gold mine in Haiti. OK? No - - wait - - wait - - that was Tony Rodham.
Oh, oh - - now I remember - - he was in the oil and gas business in Ukraine - - then he ran a hedge fund in China. Yes - - that's it! Ummm - - ummm - - wait, again - - no - - no - - that's Hunter Biden.
Gee - - how DID Epstein make his money? I'll have to get back to you.
25 people like this.
Reply 16 - Posted by:
Lawsy0 7/12/2019 9:42:45 AM (No. 121415)
I wonder sometimes if the enterprise of J. Epstein & Company is perhaps a wholly owned subsidiary of the Clinton Crime Family syndicate. Even at my advanced age, I am stille amazed to learn that so many people are into pedophilia.
16 people like this.
Reply 17 - Posted by:
gobushcheneygo 7/12/2019 9:45:49 AM (No. 121417)
With Comey's daughter as the NY prosecutor on the Epstein case, I see a cover-up and immunity for all with a (D) by their name and their powerful money donors. There is too much at stake. I see deals behind the scenes to keep every bit of evidence sealed from the public. Lawyers for the rich and famous are burning up the phones to squelch this case. Don't get your hopes up for justice in this world. But they will all answer before the White Throne in the next.
18 people like this.
Reply 18 - Posted by:
poliposter 7/12/2019 10:00:41 AM (No. 121432)
Here's the thing #11, I live in the New York area and I have known some very wealthy people (they were parents of my children's classmates). I mean really wealthy people with names that are recognizable. They own several very nice homes, they took really nice vacations across the globe with their families. The ones that are divorced, both spouses could afford to do that. But not one of them owned the most expensive town house in NYC, and a private island. This is some serious abnormal wealth for a guy who doesn't have a college degree and didn't build a landscaping business from scratch. His former partner, who served time in jail and has to pay restitution for a ponzi scheme, says Epstein stole that money and that's where his seed money came from.
7 people like this.
Reply 19 - Posted by:
Congar 7/12/2019 10:19:54 AM (No. 121464)
This story gets uglier by the day. I think we have a ways to go before we hit bottom.
6 people like this.
Reply 20 - Posted by:
NotaBene 7/12/2019 10:28:59 AM (No. 121475)
That Ms. Comey is a U. S. Attorney prosecuting this case involving Clinton is a scandal. Ms. Comey demonstrated against our President in a Pussy Hat and her entire family is consumed by hatred. That the Leftists are now mentioning Trump in the same sentence as Epstein, but not Clinton, is remarkable. All that The President did was expel the pedo from beautiful Mar-a-Lago. All that Acosta did was securing a jail sentence instead of a misdemeanor as planned by the Democrat prosecutor in Miami.
There is no justice at the DoJ. They are now extorting Flynn Jr. to get to General Flynn. Comey, McCabe, Strozk, Sally Yates, Victoria Nuland, Sydney Blumenthal, Lisa Page, Bruce Ohr, Nellie Ohr, Michael Sussman of Perkins Coie, GPS guys and Obama need to go to prison. What do we want? JUSTICE! When do we want it? NOW! S\
13 people like this.
Reply 21 - Posted by:
StormCnter 7/12/2019 10:42:54 AM (No. 121492)
My theory is that this group in New York isn't targeting any of the big names we've heard who benefitted from rides on the Lolita Express. I don't believe we'll ever get the real story on any of them, including our former president, the good ole boy. The goal is to connect Epstein with Donald Trump in any way possible, through Acosta's deal, cozy Trump family members' dinners with Epstein at his own resort or, if necessary, made-up stories. If I'm wrong (and it wouldn't be the first time), I'll be very happy.
10 people like this.
Reply 22 - Posted by:
zephyrgirl 7/12/2019 11:18:55 AM (No. 121547)
Only a few names of Heidi Fleiss', Sydney Biddle Barrows' or the DC Madam's clients leaked. Jeffrey Epstein's will be the same. Probably only the Republicans......
5 people like this.
Reply 23 - Posted by:
little guy 7/12/2019 12:54:09 PM (No. 121670)
I believe that the kind of money that sleazy Jeff is sitting on, the kind that can't be easily traced, can only come from one source: a government.
His friend Bill Clinton got some of his foreign government "friends" to fly on the plane and do all sorts of stuff on the child-molesting island. Imagine filming the head of state for an Arab/Islamic country doing something (so far, they haven't mentioned underage boys) that he'd lose his real head over in his own country. Or maybe a member of England's Royal family? H-m-m.
Old Jeff was a partner in crime ... with Bill C. Not all of that "foundation" money was donated!
4 people like this.
Reply 24 - Posted by:
msliberty1937 7/12/2019 2:12:13 PM (No. 121741)
Speaking of 'hedge' funders, whatever happened to Chelsea's mute and almost invisible spouse who lost beaucoup amounts of investors' money and never had to answer for it? At least I don't remember ever hearing that he did. So without a job, the upkeep on that $10mm pad falls on the shoulders of his poor pregnant wife ...and she doesn't have a job either.
Hopefully, someone, someday will take another look at Mark and who he might have cajoled, bribed, blackmailed to get his seed money. Nah...small potatoes.
3 people like this.
Reply 25 - Posted by:
stablemoney 7/12/2019 2:23:22 PM (No. 121752)
With all the securities and investment regulations, one would think Epstein would have been reviewed by regulatory authorities, audited by public accounting firms, and subject to IRS tax audits, especially with such operations out of the U.S. Virgin Islands. Epstein smoozes with wealthy people, probably does invest in something like 500 Index, but offers offshore obscurity, possibly lower taxes, all of which can be valuable for corrupt people. I suspect have the Democrat Congressional Caucuses have money hidden down in the Virgin Islands. Nobody is checking where all that money came from, or where it went. Ideal for the Clintons.
2 people like this.
Reply 26 - Posted by:
preciosodrogas 7/12/2019 3:00:14 PM (No. 121781)
If I know about schemes like this it must have a following. A billionaire i know of did something similar. He used prostitutes (who knows, some may have been underage) to get his products placed in the retail stores he needed. No surprise it worked. Ever deal with corporate buyers? His "sales staff" got the goods on the buyers and the buyers bought his goods.
1 person likes this.
Reply 27 - Posted by:
Strike3 7/12/2019 4:03:42 PM (No. 121811)
I totally agree, #19, the average investor does not grow a billion dollars overnight. You need to do business on an exceptionally high volume scale or have some really large investors. I'm saying that Epstein could have accomplished that over time and we have no idea how widespread his net is outside of New York. Another example of a New Yorker with a very posh townhouse and no visible means of support is Chelsea Clinton. Her husband is a loser and I would bet that her tax returns show an average income for the position that she was given. But we know what is possible having the Clinton Foundation as a piggy bank. As far as we know, there was no criminal activity on her part.
Back to Epstein, if he had invested 200 million dollars in Florida real estate at the height of the Dodd/Frank fiasco he would have doubled his money in about three years.
0 people like this.
Reply 28 - Posted by:
MickTurn 7/12/2019 6:46:25 PM (No. 121882)
It's called BLACKMail...NO racial intonations implied or made. It's called Black because it's dark and incidious.
May Epstein rot in Hades with Bubba as a Cell Mate!
2 people like this.
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