Latest / The Epstein Chronicles / Epstein’s Banking Empire: A Deeper, Darker Network Than Anyone Admitted

Transcript

Epstein’s Banking Empire: A Deeper, Darker Network Than Anyone Admitted · The Epstein Chronicles

0:00
Speaker 1: What's up, everyone, and welcome to another episode of the
0:02
Epstein Chronicles. If anybody is responsible for the collective misery
0:08
of the world, it's the financial sector. These line balls
0:12
were tripping over each other to get a seat at
0:14
Epstein's table because God forbid they miss another dollar. They'll
0:19
tell you that they had no idea what he was
0:21
up to. Like the yachts, the private islands, the shady foundations,
0:24
and the swarm of underage girls around him were just
0:27
quirky lifestyle choices. Yeah, okay, they were lining up, smiling,
0:32
shaking hands and cash and checks because money talks and
0:36
in that world, morality walks. Meanwhile, those same institutions are
0:41
the ones strangling the rest of us. They treated working
0:44
people like ATMs they can kick when they're low on cash,
0:47
miss a credit card payment, boom, thirty percent interest, late fee,
0:51
stack like bricks, credit rating tanked so you can't even
0:54
finance a toaster, take out a mortgage. They own you
0:58
for thirty years, bleeding you dry every single month. And
1:02
don't even get me started with student loans. Half this
1:05
country's paying rent to the government and Wall Street just
1:08
for the privilege of trying to get ahead. Mafia level
1:11
rackets dressed up in business suits. But Epstein, that guy, well,
1:16
he was a client. He got the red carpet treatment.
1:19
Private wealth management, exclusive investments. Don't worry about the details, sir,
1:24
We'll handle it all. They bend over backwards for a
1:27
literal predator, while the rest of us can't even get
1:30
a bank to approve a car loan without offering up
1:32
our soul and first born as collateral. It's the biggest
1:36
joke in the world. The people funding and protecting a
1:39
pervert also happen to be the ones keeping your paycheck
1:42
on a leash. And you know what the cherry on
1:44
top is. They call it wealth transfer. Sound so clean,
1:48
so clinical, but what it really means is these pigs
1:52
have built a system where money flows one direction, only up.
1:56
They rake it in from overdraft fees, interest rates, balloon payments,
2:00
and fine print, and they laughed their way into executive
2:03
dinners with guys like Epstein, guys who were nothing but
2:06
walking dollar signs to them. They knew exactly who he was,
2:10
and they didn't care. Why would they. He wasn't some
2:13
middle class schmuck trying to keep the lights on. He
2:16
was their meal ticket, So yeah, forgive me if I
2:19
don't buy the We had no idea routine. These hedge
2:22
funds and banks are like mob bosses in three piece suits.
2:25
Although on predators enable criminals, destroy families and then turn
2:29
around and lecture the rest of us about responsibility, responsibility.
2:34
The only responsibility they care about is keeping their champagne
2:37
glasses full, while the rest of us are out here
2:39
deciding between paying rent or buying groceries. That's the scam,
2:44
that's the joke. That is a cynical truth. And no
2:47
matter what they tell you, Epstein was not some lone wolf.
2:50
They all fed at the trough with them, and when
2:52
the house of cards came crashing down, not one of
2:55
them went down with them. Funny how that works, huh.
2:59
Today's article is from the Wall Street Journal and the
3:02
headline the Wall Street firms that kept ties with Jeffrey
3:05
Epstein until the end. This article was authored by Kadija Saftar.
3:12
Jeffrey Epstein never got kicked out of the Wall Street
3:14
VIP Club. Epstein's banking and investment activities in the years
3:18
before his twenty nineteen death were more widespread than previously known,
3:23
including accounts at several banks as well as large transactions
3:27
with well known hedge funds, according to the documents reviewed
3:31
by The Wall Street Journal and people familiar with the matter,
3:35
and this is what I've been telling you for a
3:36
long time up until this point. The banks have taken
3:40
most of the criticism when it comes to Epstein. But
3:43
let's not forget the hedge funds, all the other people
3:46
that were helping him move money, helping him stash money,
3:48
helping him protect his fortune that was built on ill
3:51
gotten gains. And it's something I've talked about for a
3:54
very long time. I mean, just take a look at
3:56
Glenn Dubin and high Bridge Capital. The whole entire point
4:00
of Glenn Dubin selling high Bridge to JP Morgan was
4:04
because Jeffrey Epstein facilitated the whole deal. Epstein was the middleman.
4:09
And if you think that was the only hedge fund
4:11
that Epstein was involved in, think again. Epstein's estate has
4:16
turned over to Congress a list of more than twenty
4:18
banks that held accounts for Epstein and entity is related
4:21
to them. According to people familiar with the matter, the
4:24
House Oversight Committee is expected to subpoena banks for their records.
4:28
Some of the people said, Look, this is where it
4:31
gets dangerous for Epstein's friends. If this is a real investigation,
4:35
which I have my doubts about, then following the money
4:38
is exactly how you get to pay dirt. You're never
4:41
gonna know these people when it comes to human trafficking
4:45
or anything like that. If you want to get them,
4:47
you're gonna have to go after the money the same
4:50
way you went after al Capone. Because if you think
4:53
Alcalpone was protected, wait until you get a load of
4:56
people like Jeffrey Epstein. Epstein or Epstein related entities had
5:00
accounts with several of those banks in his later years,
5:03
including Walls Fargo, TD Banks, and First Bank of Puerto Rico.
5:07
According to those people, JP Morgan Chase has set it
5:11
closed Epstein's accounts in twenty thirteen, and Deutsche Banks had
5:15
it cut them off in twenty eighteen. To date, JP
5:19
Morgan and Deutsche Bank are the only banks that have
5:22
been scrutinized by regulators and sued by survivors over their
5:26
ties to Epstein. And I've been advising for years to
5:28
go after these other financial institutions, the hedge funds, these
5:33
other banks, other people that were involved, go after the mall.
5:37
The documents reviewed by the journal show that in the
5:40
years before he died, Epstein moved more than sixty million
5:44
dollars into Honeycomb Partners an investment fund, received thirteen and
5:48
a half million from a hedge fund run by Paul
5:50
Tudor Jones, and sold fifteen million dollars worth of private
5:53
company shares to crypto investor Blockchain Capital. Epstein pleaded guilty
5:58
in two thousand and eight in Florida to charges a
6:01
solicitation of prostitution and procurement of miners to engage in
6:05
prostitution under a deal with prosecutors. His activities set off
6:10
compliance concerns at JP Morgan, but he remained a prize
6:13
client until twenty thirteen. Then he moved many of his
6:17
accounts to Deutsche Bank, the oligarch's favorite bank. Has Deutsche
6:21
Bank ever met a scumbag degenerate they haven't wanted to
6:25
do business with? I mean, we're talking about a rogues
6:28
gallery of people who have had accounts with Deutsche Bank,
6:32
from every oligarch you can imagine, to the cartels, to
6:36
Jeffrey Epstein. Meanwhile, these people are smashing you with a
6:40
thirty percent finance rate for a credit card. JP Morgan
6:45
and Deutsche Bank have said they regret their relationships with
6:48
Epstein and have settled civil lawsuits brought by Epstein's survivors
6:52
without admitting wrongdoing. And that's the rub, right, they can
6:56
buy their way out, all these people can, all these
6:59
institutions can, and then that gives them the cover. Oh look,
7:02
these girls just wanted payouts. No, that's the only kind
7:05
of restitution they were going to get. They know they're
7:08
not going to get justice, so what are they supposed
7:11
to do? And unfortunately that's the way the system set up. Right,
7:15
Rich people like this can hide behind their bank accounts
7:18
and pay people off to go away, and then they'll
7:22
just do it again. And when they get caught, when
7:24
they get outed, o, their buddies are just like, oh,
7:26
we had no idea what was going on. We had
7:28
no clue. So and so was such a scumbag. Epstein
7:31
had bank accounts associated with the complex web of entities
7:34
that he used for his personal and business activities, including
7:38
sending payments to women, managing his real estate, and running
7:42
his financial advisory business. Financial advisory business. Huh, can we
7:46
see the client list? That's a client list that exists
7:50
has one or two clients on it, but it's a
7:52
list that exists. Let's see that. A spokesman for TD
7:57
Bank set account sell by Epstein's lawyer and account were
8:00
closed and relationships terminated. In twenty nineteen, a spokesman for
8:04
a First Bank Puerto Rico said Epstein was a legacy
8:07
relationship that was acquired when the bank purchase Chase banking
8:11
operations in the US Virgin Islands. In two thousand and two,
8:14
a spokesman for Wells Fargo the client to comment, Oh,
8:18
I am sure they did. Can you imagine how these
8:21
roaches are scrambling in the back room trying to get
8:23
rid of information dump documents. Having a sex crime conviction
8:29
alone wouldn't necessarily disqualify someone from a banking service. Banks
8:33
use many factors to evaluate the legal and reputational risk
8:37
of retaining clients, and are required to monitor suspicious activity,
8:41
such as frequent cash withdrawals. Hedge funds and VC firms
8:45
face lighter regulation than banks and don't typically have access
8:49
to transaction activity. The documents reviewed by the journals show
8:54
that Epstein transferred at least sixty million to Honeycomb partners
8:58
between twenty sixteen and twenty nineteen, including twenty million in
9:02
March of twenty nineteen. The firm is run by David Faizel,
9:07
who was a star portfolio manager at Steve Cohen's Point
9:10
seventy two hedge fund before he left in twenty fifteen.
9:15
Fizell recently told clients that he was returning their money,
9:18
saying he saw fewer investment opportunities. Fazell and a lawyer
9:22
for Honeycomb didn't apply to requests for comment, and look,
9:26
get used to that. None of these people are going
9:29
to reply. Why would they. It's only going to make
9:32
things worse for them, So they'll just shut up and
9:34
wait for us all to get over it. A spokesman
9:38
for Tutor Investments said one of Epstein's entities invested in
9:42
its Tutor's Future fund in two thousand and one and
9:45
redeemed its investment in twenty fourteen. He said Jones, the
9:48
billionaire investor and senior tutor personnel, didn't know Epstein personally
9:53
and didn't have any direct communication or other business with them. Again,
9:56
the whole amnesia routine. Does anyone believe it? Does anyone
10:00
really believe they have no idea who they're doing business
10:03
with that they have no idea who's bringing in millions.
10:07
Blockchain was co founded in twenty thirteen by Brock Pearce,
10:11
a serial entrepreneur and chair of the Bitcoin Foundation, to
10:15
invest in startups or cryptotokens. A spokesman for Blockchain said
10:19
three of its funds purchase steaks in private companies from
10:22
Epstein in twenty eighteen, but he wasn't an investor in
10:26
its fund. Pierce said he left the firm in twenty seventeen.
10:31
You know, the Epstein rot runs so deep that it's
10:34
almost hard to quantify, especially when we're talking about inside
10:38
of the financial sector. And this is something I've been
10:41
trying to hammer home to you folks for a very
10:43
very long time. If you're looking for a boogeyman, it's
10:46
not under your bed, it's not your neighbor. It's the
10:49
guy that's giving you a thirty percent rate on your loan.
10:53
That's the boogeyman. The documents also show that Epstein transferred
10:59
about thirty eight million in into Booth Bay funds between
11:02
twenty fourteen and twenty seventeen, and received about ten million
11:06
in January twenty seventeen. From one of them. Booth Bay
11:10
was founded in twenty eleven and is run by investor
11:13
Ari Glass. A spokesman for Booth Bay, said the fund
11:18
had no relationship with Epstein beyond its limited partner interest
11:22
and upon his twenty nineteen arrest, subjected him to a
11:26
compulsory redemption. And if that's the case, you can't get
11:29
too mad at Boothbay. Right. They found out what he
11:31
was and they dipped. That's how everybody should be conducting themselves.
11:35
The problem is they didn't. The documents also confirmed some
11:41
of Epstein's transactions that have been previously reported with well
11:44
known associates, including tens of millions of dollars in transfers
11:48
from private equity billionaire Leon Black, one of Epstein's financial clients,
11:53
more than twenty million that Epstein invested and valor ventures
11:57
of ec firm anchored by tech billionaire Peter Tide, and
12:01
twenty five million that Epstein received from the Rothschild's banking family. Oh,
12:06
I can see the conspiracy people going nuts with that one.
12:08
I'm sure I'm going to get some of those Illuminati
12:10
emails now, and guess what, you're not wrong for being suspicious.
12:16
Vallar met Epstein just once in twenty fourteen, at a
12:19
time when he was a well known advisor to world leaders,
12:22
a top university and philanthropic organizations, A spokesman said, and
12:26
he was also a child molester convicted. But sure, let's
12:30
say that all the other people were friends with them, right.
12:33
It's like when you were a kid. Hey, mom, Johnny's
12:36
going to jump off a building. Well, you're not going,
12:39
but Johnny's mom said I could. I'm not Johnny's mom.
12:42
That kind of deal right for me. I don't care
12:45
what anybody else is saying or doing. The fact that
12:47
Jeffrey Epstein is a convicted child molester should be a
12:51
full stop for everybody involved, but it wasn't. So here
12:54
we are. Valor hopes that the eventual distribute of these
13:00
investments can be put to positive use by helping victims
13:04
move forward with their lives. The New York Times previously
13:06
reported on Epstein's investment in Valor. Black has said that
13:11
he paid Epstein estate planning and tax advice. In twenty
13:15
twenty one, a law firm hired by the Apollo Global
13:18
Management Board found that Black paid Epstein one hundred and
13:21
fifty eight million dollars for work performed from twenty twelve
13:25
to twenty seventeen. Now say it with me, folks, he
13:28
was already a child molester. No problem for Leon Black, though.
13:33
Let's piece this dude off one hundred and fifty eight million.
13:38
The journal previously reported that Arion D. Rothschild negotiated a
13:43
twenty five million dollar consulting contract with Epstein in twenty
13:47
fifteen to provide services to the bank. Spokespeople for Black
13:51
and Rothschild declined to comment. Of course they did, because
13:56
it's all true. That's what we're left with, right. Oh well,
14:00
I'm not going to comment on it. I'm just gonna hide. Okay, fine,
14:03
I think it's all true. Then. The documents also reveal
14:07
some payments to know in Epstein associates that haven't previously
14:11
been reported. Joy Eto one million dollars. Epstein paid the
14:15
former MIT Media Lab director about one million dollars in
14:19
twenty fourteen and twenty fifteen, and received nearly five hundred
14:23
thousand from them in twenty fifteen. The document show. In
14:27
April of twenty fifteen, Epstein also sent one million to
14:31
NEO ten e three, an investment fund ETO created that year.
14:35
Ito resigned from his MIT role in twenty nineteen, apologized
14:39
for his association with Epstein and said he would return
14:43
the money Epstein invested into the fund. Ito didn't respond
14:47
to request for a comment. And that's exactly what I'm
14:49
talking about. These people have had ample time to come
14:52
forward and say, oh, look, I looked at my books
14:54
and I had more money from Epstein than I thought.
14:57
But they don't do it, do they. They wait until
14:59
they ge called out, and then of course it's I
15:02
had no idea. You know, I wasn't friends with them.
15:05
I never took any money. Don't believe your eyes. Believe
15:09
what I tell you. Terry Rod Larsen two hundred and
15:13
fifty gs. Epstein transferred two hundred and fifty thousand to
15:17
the Norwegian diplomat in December of twenty fifteen. The document
15:21
show Rod Larson resigned in twenty twenty from the International
15:25
Peace Institute after he acknowledged he received one hundred and
15:28
thirty thousand dollars personal loan from Epstein in twenty thirteen.
15:33
Imagine one hundred and thirty thousand dollars personal loan. Anybody
15:37
out there want to hook your boy up? One hundred
15:39
thirty thousand dollars personal loan from someone you'll hardly know.
15:42
Huh okay. A lawyer for Rod Larsen said he had
15:46
no comment. Alan Dershowitz eighty five thousand. On March twenty first,
15:52
twenty sixteen, Epstein paid eighty five thousand dollars to Alan
15:55
Dershowitz consulting. The attorney said it was an overdue payment
15:59
from representing Epstein in the two thousands during his plea negotiations.
16:04
He thought it was a terrible deal, and he fired me,
16:06
the lawyer said. All part of the plan. Huh, All
16:09
part of the cover up. All right, Jeffy, I'll get
16:12
you this deal and then afterwards you fire me, and
16:14
it'll be that smokescreen we're looking for. From two thousand
16:19
and three to twenty thirteen, Epstein paid forty six law
16:22
firms and litigation related entities, and among those the top
16:25
paid was Dershowitz, who received four million dollars during that period.
16:29
Court document show But I thought he fired you. I
16:33
thought you weren't friends. Everything Dershowitz says about his relationship
16:37
with Epstein, I find questionable. Dershowitz said that he collected
16:41
an hour leave fee for his work on the two
16:43
thousand and eight plea deal, and that he was Epstein's
16:45
longest serving lawyer on the matter. He said that he
16:48
used the sum in part to pay lawyers, researchers, travel
16:52
and other expenses over four years. I think I made
16:55
about three million dollars myself, he said, a cool three
16:59
million huh okay. Sultan Achmed Binsulium sixty two hundred bucks.
17:07
On July eighteenth, twenty seventeen. The Dubai businessman paid Epstein
17:11
sixty two hundred dollars a document show, and a day later,
17:14
Epstein paid bin Suliman the same amount. The longtime chief
17:19
executive of DP World, a ports operator, was scheduled to
17:22
visit Epstein's townhouse between twenty eleven and twenty fourteen. The
17:27
journal previously reported. The Sultan and his spokesman didn't respond
17:32
to requests for comment. Larry Summers one thousand, two hundred
17:37
and thirty two dollars and twenty five cents. In November
17:40
of twenty fourteen, Epstein paid one thousand, two hundred and
17:44
thirty two dollars and twenty five cents to LH. Summers
17:47
Economic Consulting. A spokeswoman said. Summers said the payment was
17:52
a travel reimbursement for a group meeting in New York City.
17:56
The former Treasury secretary, who had more than a dozen
17:59
meeting schedules with Epstein from twenty thirteen through twenty sixteen,
18:04
said in twenty twenty three that he deeply regrets his
18:06
contact with Epstein after his conviction. Oh, I'm sure after
18:11
the conviction, but previous it was game on. Huh. When
18:15
you guys were all riding high on the Hug with
18:16
Bill Clinton, everything was great. But when you got outed,
18:21
then it became the marathon. We have no idea. We
18:24
weren't his friend. I never took anything from him. Meanwhile,
18:29
the truth is right here in black and white for
18:31
everybody to see. And once you see it, there's no
18:33
going back. You can't pretend that it's not happening or
18:36
that it didn't happen. That these people that are in
18:38
control of basically the world were not only paling around
18:42
with this dude, but in a lot of cases enabling
18:45
them and in some cases even aiding and a betting,
18:49
and some of them, unfortunately, were taking part in the abuse,
18:53
according to survivors and witness reports. So for all the
18:56
people out there that are always looking for these lists,
18:59
why don't we still are with the names that we
19:01
have and then go from there. All of the information
19:05
that goes with this episode can be found in the
19:08
description box