Latest / The Epstein Chronicles / Mega Edition: Jeffrey Epstein And The Blackhole Known As His Finances (7/31/26)

Transcript

Mega Edition: Jeffrey Epstein And The Blackhole Known As His Finances (7/31/26) · The Epstein Chronicles

0:00
Speaker 1: An article I was going to share this morning that
0:03
Speaker 1: goes a little bit into how Jeffrey Epstein was turning
0:07
Speaker 1: and burning IPOs and how that was a huge, huge
0:13
Speaker 1: source of wealth for him. Now we know he's not
0:17
Speaker 1: some financial guru. We've established that, we know that he
0:21
Speaker 1: is not some sort of oracle of Omaha, and we
0:24
Speaker 1: know that this guy isn't, you know, really out there
0:30
Speaker 1: on Wall Street with this huge name where people think, oh, yeah,
0:34
Speaker 1: it's Jeffrey Epstein, this dude's a stock whiz. That wasn't
0:37
Speaker 1: the case, and they tried to pump it to us
0:40
Speaker 1: like it was right. The narrative was he's this wealthy financier,
0:46
Speaker 1: and I just the proof really isn't in the pudding.
0:49
Speaker 1: To tell you the truth, it looks like Jeffrey Epstein,
0:55
Speaker 1: the way he was getting a lot of his money
0:57
Speaker 1: was via these underwritten ips that are basically guaranteed by
1:02
Speaker 1: the banks. So they'd toss him these hot IPOs, and
1:07
Speaker 1: Jeffrey Epstein and his shell companies like we talked about,
1:10
Speaker 1: would turn and burn him for a good profit, basically
1:14
Speaker 1: a guaranteed profit. And in the world of finance, the
1:18
Speaker 1: word guaranteed very rarely comes along. So when you have
1:24
Speaker 1: the ability to have underwritten stock options thrown your way
1:30
Speaker 1: by these institutions, you automatically have a leg up. Never
1:34
Speaker 1: mind the financial privilege that you have, but now on
1:39
Speaker 1: top of it, you're getting all of the goodies, all
1:43
Speaker 1: of the extras, even after they knew what Jeffrey Epstein was.
1:48
Speaker 1: And that's the rub here, right, I'm not talking about
1:51
Speaker 1: prior to his arrest, they'd at least be able to
1:54
Speaker 1: defend themselves then, Ah, we didn't know. Even if we
1:57
Speaker 1: don't believe that statement, they'd at least have a defensible position.
2:03
Speaker 1: But this was going on after his arrest. This was
2:06
Speaker 1: going on after everybody knew what sort of slimy scumbag
2:10
Speaker 1: this dude was. But they didn't care. They were still
2:14
Speaker 1: offering him them IPOs. They were still offering him the
2:17
Speaker 1: hot stocks for him to make a quick profit off of,
2:21
Speaker 1: and all because he was steering business back their way.
2:26
Speaker 1: It is an absolutely parasite type of relationship, the way
2:33
Speaker 1: they feed off of each other. And I really hope
2:37
Speaker 1: with the new anti money laundering regulations that were stuffed
2:42
Speaker 1: in the bill that was just past the NDAA that
2:47
Speaker 1: we start to see some teeth when it comes to
2:49
Speaker 1: money laundering and these people who were involved in this
2:53
Speaker 1: sort of thing. Let's hope that some repercussions are coming
2:58
Speaker 1: down the pipe and that we won't just get these
3:02
Speaker 1: ridiculous rulings where the companies have to pay some money
3:06
Speaker 1: like they don't. Look, I get it. It's a lot
3:09
Speaker 1: of money, right, one hundred and fifty million, nothing to
3:11
Speaker 1: sneeze at for us but for the bank pennies on
3:14
Speaker 1: the dollar. And they're not paying it anyway. The stockholders
3:17
Speaker 1: are you are? You're paying that twenty six percent finance
3:21
Speaker 1: fear right on your hondai. You're paying it, folks. So
3:27
Speaker 1: these people, they really thought that their relationships with Epstein
3:31
Speaker 1: weren't going to be put on blast, and they thought
3:33
Speaker 1: they were going to skate by for all of these
3:35
Speaker 1: years and all of this time the way they always have.
3:39
Speaker 1: But they had no idea what was in store for
3:44
Speaker 1: them in twenty twenty And they certainly have no idea
3:49
Speaker 1: what's coming down the pipe in twenty twenty one. Because
3:52
Speaker 1: the foot is just now pressing down on the accelerator. Right.
3:58
Speaker 1: We haven't even what are we in third gear an
4:00
Speaker 1: hour or so. We haven't even really seen the freeway
4:04
Speaker 1: speeds that are coming in this case, and there's going
4:07
Speaker 1: to be a lot of them. There's going to be
4:09
Speaker 1: a lot of craziness going on in this case, a
4:13
Speaker 1: lot of people being dragged into it that are going
4:19
Speaker 1: to have to answer questions that have tried to avoid
4:21
Speaker 1: it for a long time. And hopefully we'll see the
4:25
Speaker 1: legacy media do their job and start pursuing some of
4:29
Speaker 1: these leads the way that these leads should be pursued,
4:35
Speaker 1: because as of now, we know that's not the case.
4:37
Speaker 1: We know that all the way up until twenty fifteen,
4:41
Speaker 1: even Amy Roboch and her goons were killing stories at ABC,
4:49
Speaker 1: and even after you know, we had the league tape,
4:53
Speaker 1: we heard what went on. We know that they squashed
4:57
Speaker 1: it because of access to the royals. We even have
5:00
Speaker 1: Roeboch on Wax saying that she doesn't believe Epstein killed
5:05
Speaker 1: himself either. But none of that ever was going to
5:09
Speaker 1: see the air, none of that was ever going to
5:12
Speaker 1: be put out into the public sphere, because at the
5:16
Speaker 1: end of the day, the legacy media doesn't respect you,
5:19
Speaker 1: they don't care about you. They think you're stupid as hell,
5:22
Speaker 1: and they think that no matter what sort of nonsense.
5:25
Speaker 1: They pump that you're gonna buy at hook line and sinker,
5:30
Speaker 1: and for a long time we all did, right, We
5:32
Speaker 1: turned on the news and we figured, all right, this
5:34
Speaker 1: shit's on ABC, this shit's on CBS and NBC, and
5:38
Speaker 1: all right, this has to be the truth. But we
5:41
Speaker 1: know that's not the case. We know now for sure
5:45
Speaker 1: that the legacy media is playing their own game and
5:50
Speaker 1: the best interest of the public most certainly isn't their
5:54
Speaker 1: end goal. And we've seen that on steroids in the
6:01
Speaker 1: Jeffrey Epstein case time and time again. So when they
6:06
Speaker 1: don't dig into the finances, when they don't talk about
6:10
Speaker 1: things like this like they should be, well, it makes
6:13
Speaker 1: you wonder why. And I would think that the IPOs,
6:20
Speaker 1: the stock market moves Epstein was making, and the institutions
6:26
Speaker 1: that were underwriting these IPOs that Epstein was afforded, I
6:30
Speaker 1: think that that would be a bigger part of the story.
6:34
Speaker 1: You know, that is it's a huge deal. This is,
6:38
Speaker 1: in my opinion, one of the huge ways Jeffrey Epstein
6:42
Speaker 1: was bringing in money, and it is something that I
6:47
Speaker 1: think as the story moves forward, is going to come
6:52
Speaker 1: to the forefront. If the financial portion of this is
6:56
Speaker 1: truly investigated and prosecute in the manner that it should be,
7:02
Speaker 1: because everything is there for them right here, folks. It
7:05
Speaker 1: all just comes down to willpower at this point. How
7:09
Speaker 1: much further are they willing to go besides Maxwell Brunel,
7:14
Speaker 1: the core four, how much further are they willing to
7:17
Speaker 1: go to really put their boot to the neck of
7:22
Speaker 1: all of these people that were involved financially as well.
7:26
Speaker 1: They have the basis here, they have the circumstantial evidence,
7:30
Speaker 1: they have the probable cause. The question is do they
7:34
Speaker 1: have the willpower? And I guess the answer to that
7:38
Speaker 1: is undetermined. I guess we'll have to see. But today's
7:42
Speaker 1: article is from Wall Street on Parade. It's if you're
7:47
Speaker 1: not familiar with it, it's a kind of like a
7:50
Speaker 1: guide to Wall Street for citizens, like a layman's blog
7:54
Speaker 1: sort of where they cover a bunch of different things
7:57
Speaker 1: that are going on on Wall Street, a bunch of
7:59
Speaker 1: the Brooks on Wall Street, et cetera, et cetera. So,
8:02
Speaker 1: if you're not familiar with Wall Street on Parade and
8:05
Speaker 1: you're interested in this financial chase that we're on here,
8:09
Speaker 1: it's certainly a cool website to check out and put
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Speaker 1: into your rotation. So this article was authored by Pam
8:18
Speaker 1: Martin's and Russ Martin's July fifteenth of twenty nineteen headline
8:25
Speaker 1: tax filing suggests child sex offender Jeffrey Epstein made his
8:29
Speaker 1: wealth flipping hot IPOs on Wall Street. And now this
8:33
Speaker 1: plays right into our article that we read recently from
8:38
Speaker 1: Barns that was talking about the same thing, the IPOs
8:41
Speaker 1: that were afforded by Morgan Stanley and other institutions, where
8:48
Speaker 1: Jeffrey Epstein was given these IPOs of the rights to
8:53
Speaker 1: them and able to grab them up from the bank
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Speaker 1: and then he was able to flip them right away
9:00
Speaker 1: and make a guaranteed profit with basically no chance at
9:04
Speaker 1: a risk of loss. And this was something that he
9:08
Speaker 1: was doing a lot prevalently, and it's something that definitely
9:13
Speaker 1: needs to be brought to light and spoken on a
9:16
Speaker 1: bit more. Jeffrey Epstein is variously called a billionaire, a hedge,
9:25
Speaker 1: funge manager, or a financier in the hundreds of articles
9:29
Speaker 1: that have appeared in print this month. Pedophile is the
9:33
Speaker 1: correct term, by the way, but no one can say
9:38
Speaker 1: with any certainty how Epstein obtained his wealth or exactly
9:42
Speaker 1: how much wealth he actually has. We've located a highly
9:46
Speaker 1: interesting ledger from one of his nonprofit tax filings which
9:50
Speaker 1: shows he was able to get his hands on highly
9:52
Speaker 1: preferential hot IPOs initial public offerings and flip them on
9:58
Speaker 1: their first day of trading. We'll explore that in detail shortly,
10:02
Speaker 1: but first some background and this is just more context
10:07
Speaker 1: on that article from Barns. This is about the same situation, right.
10:11
Speaker 1: Like I said last night on the live stream, I
10:13
Speaker 1: wanted to talk about it a little bit more and
10:15
Speaker 1: add a little more context, and with the news being slow,
10:18
Speaker 1: this is the perfect time to do it. And when
10:22
Speaker 1: these IPOs come out, it's a big, a big deal, right.
10:28
Speaker 1: For instance, when I was promoted to a management position
10:32
Speaker 1: with Canner Fitzgerald, they were talking about taking our company
10:36
Speaker 1: public cannor Gaming. So part of my package to sign
10:43
Speaker 1: on into a management position was shares of the IPO
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Speaker 1: if it ever went public, and I was given X
10:50
Speaker 1: amount of shares as part of my package. And if
10:53
Speaker 1: the company ever went public like it was supposed to,
10:56
Speaker 1: well I would have been in the money, you know,
10:58
Speaker 1: with however many shares I had, what they were worth
11:01
Speaker 1: blah blah blah blah blah. But what happens with people
11:03
Speaker 1: like Epstein, it's that but on steroids, right, These people
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Speaker 1: are there, they're they're handpicked. Who's afforded these benefits. These
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Speaker 1: people are hand picked who's going to get these tips
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Speaker 1: and these the access to these IPOs, and Jeffrey Epstein
11:20
Speaker 1: should not have had access to these things after his arrest.
11:23
Speaker 1: Before his arrest, again, it's debatable, right, we know there's
11:26
Speaker 1: scumbags in the world, in the finance world, but until
11:31
Speaker 1: it's proven, until you have tangible evidence, you can't really,
11:35
Speaker 1: you know, go too crazy about something. But with Epstein,
11:39
Speaker 1: we're talking about a guy who had already been convicted
11:42
Speaker 1: and he was still being afforded these privileges. Jeffrey Epstein
11:49
Speaker 1: is doing federal court in Manhattan this morning to argue
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Speaker 1: his case for being allowed to serve his time until
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Speaker 1: trial under house arrest and is opulent seventy seven million
12:00
Speaker 1: dollar mansion on the Upper East Side rather than the
12:04
Speaker 1: drab confinements of jail. Now, remember this article is from
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Speaker 1: twenty nineteen, a bit older. But sometimes you have to
12:12
Speaker 1: dig back into the time machine to get the articles
12:17
Speaker 1: that are going to discuss the topics that are hot
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Speaker 1: at hand. Because once again the legacy media hasn't dug
12:24
Speaker 1: any deeper. You know. They talk about this stuff one
12:26
Speaker 1: or two articles and then that's it. Nothing, no deeper dive,
12:31
Speaker 1: no context, and certainly no explanations about what any of
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Speaker 1: it means. Epstein was arrested by federal prosecutors on Saturday,
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Speaker 1: July sixth and charge with sex trafficking of minors and
12:51
Speaker 1: sexually abusing dozens of underage girls at his mansions in
12:55
Speaker 1: Palm Beach, Manhattan and excuse me, in Palm Beach, Manhattan,
12:59
Speaker 1: and potential at other mansions he owns. Well, we know
13:03
Speaker 1: for a fact now that that's certainly the case. We
13:06
Speaker 1: know that the Virgin Islands, for sure, down at his
13:09
Speaker 1: island there was a hotspot for him to abuse people
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Speaker 1: and traffic girls, and certainly Zoro Ranch. I'm not going
13:18
Speaker 1: to go off on my usual tangent about Zoro Ranch
13:20
Speaker 1: right now, but you all know where I stand on
13:23
Speaker 1: that place. There are a multitude of strong arguments against
13:30
Speaker 1: releasing this man from jail. Ostensibly, Epstein should have begun
13:34
Speaker 1: serving a life sentence a decade ago, after Palm Beach,
13:38
Speaker 1: Florida police compiled sexual assault and trafficking evidence from more
13:43
Speaker 1: than forty young women and gave it to the FBI,
13:46
Speaker 1: And therein lies the crux of the whole entire problem.
13:51
Speaker 1: You see, a lot of people will want to point at,
13:53
Speaker 1: you know, the figureheads who have taken the forefront of
13:58
Speaker 1: this case, right like people like Virginia and Annie and Courtney,
14:02
Speaker 1: all of the girls who have come forward and have
14:04
Speaker 1: spoken up publicly. They're the de facto face of this.
14:08
Speaker 1: But we have to remember that there are other unnamed girls,
14:12
Speaker 1: girls that have never come forward or who have never
14:14
Speaker 1: had their chance to, you know, speak on it in
14:18
Speaker 1: public because they're still scared, or they're still suffering whatever
14:23
Speaker 1: sort of issues that they might be suffering due to
14:26
Speaker 1: the abuse. So I know when I speak, when I
14:30
Speaker 1: you know, talk about Virginia or Annie or you know,
14:33
Speaker 1: any of the girls, I mean every one of them,
14:38
Speaker 1: every one of them, you know, especially the ones who
14:42
Speaker 1: are unnamed who have not come forward to tell their story.
14:47
Speaker 1: And how many more are there that we don't even
14:50
Speaker 1: know about. I mean, according to accounts by some of
14:56
Speaker 1: the survivors, we're talking into the thousands folks of girls
15:00
Speaker 1: that were possibly abused by Jeffrey Epstein in company. So
15:07
Speaker 1: it's a uh It's pretty wild to think how many
15:13
Speaker 1: girls were involved in this, and I'm talking about in
15:16
Speaker 1: Palm Beach alone, even these little high school girls. And
15:22
Speaker 1: that's why I think that the NPA, the non prosecution
15:25
Speaker 1: agreement down there, it's you know, I think it's one
15:28
Speaker 1: of the many reasons. But one of the key reasons
15:31
Speaker 1: is the whole entire thing has to be blown up,
15:35
Speaker 1: and what happened in that grand jury has to be known,
15:38
Speaker 1: and everybody who put took part in making sure that
15:41
Speaker 1: Jeffrey Epstein was able to skirt out on this has
15:44
Speaker 1: to take responsibility for their part. And whatever sanctions or
15:49
Speaker 1: criminal penalties are coming their way, well they they need
15:54
Speaker 1: to start coming because what happened in Florida is a travesty.
15:58
Speaker 1: We're not talking We're talking about high schools here, folks,
16:01
Speaker 1: one hundred percent, not even a question, no debate, little
16:04
Speaker 1: girls from Palm Beach High School. A sweetheart deal was
16:17
Speaker 1: instead crafted in that case during a meeting by his
16:21
Speaker 1: lawyer and federal prosecutor Alex Acosta, which resulted in Epstein
16:26
Speaker 1: serving only thirteen months in a private wing of the
16:29
Speaker 1: Palm Beach County jail. Adding insult to injury, the Palm
16:33
Speaker 1: Beach County Sheriff's Department allowed Epstein to leave the jail
16:37
Speaker 1: from seven am to eleven pm in a work release
16:40
Speaker 1: program six days a week during the final ten months
16:44
Speaker 1: of his incarceration. So we all know how bad this is,
16:50
Speaker 1: we all know how gross this is, and we all
16:54
Speaker 1: know that none of us would ever be afforded the
16:57
Speaker 1: same rights. The fact that he was able to get
17:02
Speaker 1: out of this jail cell, even in the middle of
17:06
Speaker 1: the sweetheart deal he already had, is just another step
17:11
Speaker 1: too far, and it's just brazen at this point how
17:15
Speaker 1: they're basically throwing it in the face of the survivors
17:19
Speaker 1: and the public that no matter what Jeffrey Epstein or
17:23
Speaker 1: somebody in his class of people do, there's not going
17:27
Speaker 1: to be any repercussions for them. So why should anybody
17:31
Speaker 1: in the future who would think about doing the same
17:34
Speaker 1: thing have second thoughts? If Epstein isn't punished harshly, if
17:38
Speaker 1: Maxwell isn't punished harshly, That's why it's very important to
17:43
Speaker 1: make sure that whatever the law dictates in regards to
17:48
Speaker 1: Maxwell going forward, as far as their crimes, that she
17:51
Speaker 1: has prosecuted to the fullest extent of the law, Acosta
17:59
Speaker 1: advanced to the secretary of the US Labor Department wait
18:02
Speaker 1: for it, the federal agency in charge of sex trafficking.
18:06
Speaker 1: Acosta resigned on Friday after widespread media reports of his
18:10
Speaker 1: involvement in the Epstein case. And it was a bad
18:14
Speaker 1: look from the very beginning, Acosta being the head of
18:17
Speaker 1: the department. It is just I never understood why Trump
18:25
Speaker 1: would have all of these sort of people around him.
18:27
Speaker 1: It's just gross. It's bad leadership. It's just terrible all around.
18:32
Speaker 1: And then you add Dershowitz to the mix, and Steve Manouchin,
18:36
Speaker 1: I mean, how many fellow travelers. Another strong reason to
18:42
Speaker 1: keep Epstein in jail is under his plea deal in Florida,
18:46
Speaker 1: he is registered as a Level three sex offender in
18:49
Speaker 1: New York and his mansion is located just blocks from
18:52
Speaker 1: the Hewitt K Through twelve All Girls' school. Yep, there
18:56
Speaker 1: you go. That would plenty there for me. This dude,
18:59
Speaker 1: as a sex offender, should not be around any sort
19:02
Speaker 1: of school. In fact, he should have been buried underneath
19:06
Speaker 1: the prison like I always talk about. But since he wasn't,
19:10
Speaker 1: the least you could do is make sure that he's
19:12
Speaker 1: not around the school. Not like it would stop him,
19:15
Speaker 1: but at the very least, can we follow the rules
19:17
Speaker 1: that everybody else has to follow. Please. When authorities raided
19:24
Speaker 1: his Manhattan mansion in conjunction with his recent arrest, they
19:27
Speaker 1: found hundreds of pictures of naked young girls in a
19:30
Speaker 1: safe in his house, according to a statement from prosecutors,
19:35
Speaker 1: and I think that we'll see those pictures, not us
19:38
Speaker 1: the public, but during trial. Those pictures will probably be
19:43
Speaker 1: used to help them get their prosecution against Gilan Maxwell
19:48
Speaker 1: and others who were involved. And finally, prosecutors argued in
19:55
Speaker 1: a filing with the court on Friday that Epstein has
19:58
Speaker 1: paid two hundred and fifty thousand dollar and one hundred
20:01
Speaker 1: thousand dollars respectively to two potential co conspirators as recently
20:06
Speaker 1: as the past year, ostensibly to buy their silence. Epstein
20:11
Speaker 1: had multiple persons procuring underage women for him to abuse,
20:16
Speaker 1: including employees and others, according to multiple lawsuits against him.
20:22
Speaker 1: And last night in the live stream, we talked a
20:25
Speaker 1: little bit about this, about the bribe money, the hush money,
20:29
Speaker 1: the payoff money, and the silly ass salaries that the
20:33
Speaker 1: core four were drawing to be assistants. None of it
20:36
Speaker 1: made sense. And it's obvious that the money that was
20:39
Speaker 1: paid out to the two co conspirators during this whole
20:43
Speaker 1: entire time, one of them Vickers and the other one
20:47
Speaker 1: Leslie Groff, I believe is just absurd for anyone to think,
20:51
Speaker 1: what is this a bonus? Oh yeah, well, you know,
20:53
Speaker 1: I'm about to go to prison, and I'm you know,
20:55
Speaker 1: my finances are under investigation and this, that and the
20:58
Speaker 1: other thing. But here there's a few hundred grand for
21:01
Speaker 1: you guys to just you know, roll around. And doesn't
21:03
Speaker 1: make sense, not with Epstein. Remember who we're dealing with,
21:08
Speaker 1: this guy. You weren't going to divorce him from his money.
21:12
Speaker 1: Very cheap man, very cheap man. The public's right to
21:18
Speaker 1: know how Epstein made his money is essential to understanding
21:21
Speaker 1: just how much he has gotten away with under the
21:24
Speaker 1: nose of the FBI and the US Department of just
21:27
Speaker 1: US and a full listing of just whom his co
21:31
Speaker 1: conspirators are. Powerful men flew on his private planes, one
21:36
Speaker 1: of which was called the Lolita Express, and stayed at
21:40
Speaker 1: his private mansions. Were they paying him to secure young
21:43
Speaker 1: women for them or getting him access to hot IPOs?
21:47
Speaker 1: The Miami Herald investigative reporter Julie K. Brown, who may
21:52
Speaker 1: have forced New York prosecutors into revisiting the case against
21:55
Speaker 1: Epstein through her in depth series of articles in November
21:59
Speaker 1: of last year, stated this recently on television. So it's
22:04
Speaker 1: definitely possible, right these guys that were hooking them up
22:07
Speaker 1: with the IPOs, were they in on getting girls procured
22:11
Speaker 1: for them, possibly these unnamed girls from Eastern Europe, these
22:16
Speaker 1: girls without a voice. Who knows what they were subjected
22:19
Speaker 1: to while they were here. And while we have no
22:22
Speaker 1: reports from the survivors per se about you know, a
22:28
Speaker 1: guy like Jess Staley or Leon Black or any of
22:31
Speaker 1: these other people. At the end of the day, who
22:34
Speaker 1: the hell knows what really occurred. And that's why the
22:37
Speaker 1: investigation is so important. And that's why these people who
22:41
Speaker 1: have been subpoena or who might be involved, it's important
22:44
Speaker 1: that they come forward and speak to the authorities if
22:46
Speaker 1: they want to clear their name. If not, then they're
22:49
Speaker 1: just opening up the door for people to come to
22:54
Speaker 1: their own conclusions. According to the evidence that's available, we
23:01
Speaker 1: don't know how much how deep this went, how far
23:04
Speaker 1: reaching it went in government, but there have been a
23:06
Speaker 1: lot of names that I could see on these message
23:08
Speaker 1: pads listing clients on a regular basis as part of
23:12
Speaker 1: the evidence, these message pads where they would call and
23:18
Speaker 1: leave Epstein messages such as I'm at this hotel. Why
23:22
Speaker 1: do you do that unless you're expecting him to send
23:24
Speaker 1: you a girl to visit you at your hotel. So
23:27
Speaker 1: there are probably quite a few important people, powerful people
23:31
Speaker 1: who are sweating it out. Right now, we'll have to
23:34
Speaker 1: wait and see whether Epstein is going to name names.
23:38
Speaker 1: And it's kind of chilling to look back at that, right,
23:41
Speaker 1: That's what everybody was waiting for. Everybody was on the
23:43
Speaker 1: edge of their seat waiting for Epstein to name some names.
23:51
Speaker 1: But before that could happen, Jeffrey Epstein died in the
23:53
Speaker 1: custody of the federal government. And if you're a trusting
23:58
Speaker 1: person and you believe what Darth Barr has to say,
24:01
Speaker 1: well it was just a simple case of suicide, folks. Meanwhile,
24:07
Speaker 1: you got Julie K. Brown here, even Julie K. Brown
24:11
Speaker 1: mainstream media herself talking about how far this could reach
24:15
Speaker 1: in the government and the names on the message pads,
24:18
Speaker 1: and how people are sweating it out. You know, I'm
24:21
Speaker 1: certainly not a genius or anything but two plus two
24:24
Speaker 1: equals four to me, or Epstein may have been like
24:29
Speaker 1: Bernie Madoff, making money through numerous illegal activities, including a
24:34
Speaker 1: Ponzi scheme see JP. Morgan and Madeoff were facilitating nesting
24:39
Speaker 1: Doll style frauds. Within frauds, it's a hyperlink within this
24:43
Speaker 1: article and you can definitely click on it if you're
24:46
Speaker 1: more interested. If you're interested in finding out more about that,
24:48
Speaker 1: you can definitely click there and do that. According to
24:53
Speaker 1: an AFID David filed in court by Epstein's former business
24:56
Speaker 1: partner Steven Hoffenberg of Towers Financial, Epstein his early wealth
25:00
Speaker 1: derives from a Ponzi scheme that put Hoffenberg behind bars
25:05
Speaker 1: for twenty years. And I'm not going to rehash that.
25:08
Speaker 1: Everyone's pretty familiar with Steve Hoffenberg's story and his situation
25:13
Speaker 1: with Epstein, and it's not even a question for me
25:19
Speaker 1: how Epstein was getting his money. We know it was
25:21
Speaker 1: due to illegal activity, and I would guess I don't
25:25
Speaker 1: have evidence of this, but I would guess that he
25:27
Speaker 1: was afforded protection from the FBI and the CIA or
25:31
Speaker 1: whoever if he would help them by ratting on other
25:35
Speaker 1: people in this industry. And if you think he's above
25:38
Speaker 1: ratting on people. You're mistaken. He was an information broker,
25:42
Speaker 1: right and he would sell that information or trade it
25:46
Speaker 1: at a moment's notice. If Epstein was a hedgefunge manager,
25:53
Speaker 1: it was a big secret to other well known hedge
25:55
Speaker 1: funge managers on Wall Street. Doug Cass, who has his
25:59
Speaker 1: ear very close to this street and has managed money
26:02
Speaker 1: on Wall Street for decades, told New York Magazine last week,
26:06
Speaker 1: I went to my institutional brokers, to their trading desks,
26:10
Speaker 1: and I asked if they ever traded with them. I
26:12
Speaker 1: did it a few times. Until the date when he
26:14
Speaker 1: was arrested, not one institutional trading desk, primary or secondary
26:20
Speaker 1: had ever traded with Epstein's firm. And that is damning,
26:26
Speaker 1: very damning, folks. I've heard this from a lot of
26:29
Speaker 1: insiders within Wall Street, a lot of people who work
26:32
Speaker 1: in the sector, and a lot of people who laugh
26:36
Speaker 1: out loud when people try and posit Epstein as this
26:40
Speaker 1: great financier, this Wall Street guru, genius, because it just
26:45
Speaker 1: doesn't fit with the real facts on the ground. But
26:51
Speaker 1: there is some anecdotal evidence that Epstein may have been trading.
26:55
Speaker 1: In the twenty sixteen nonfiction book filthy rich, a powerful billionaire,
27:00
Speaker 1: the sex scandal that undid him, and all the justice
27:04
Speaker 1: that money can buy. The Shocking True Story of Jeffrey
27:08
Speaker 1: Epstein by James Patterson, John Connolly and contributor Tim molloy.
27:13
Speaker 1: There is a reference to one of the planes, when
27:15
Speaker 1: then owned by Epstein, a Boeing seven twenty seven, that
27:19
Speaker 1: the writers say was customized with its own trading floor. Yeah. No,
27:24
Speaker 1: he was doing trading. There's no doubt. He definitely was
27:28
Speaker 1: playing the market and you know, dipping his toes. But
27:33
Speaker 1: he was no guru, right, he wasn't some super intelligent
27:38
Speaker 1: financier whiz that was so smart that Leon Black and
27:44
Speaker 1: Les Wexner had to seek out his help or one
27:47
Speaker 1: of the Johnson's. Stop it all right, just stop it
27:50
Speaker 1: with that nonsense. No one's buying that. So we did
27:55
Speaker 1: some digging into one of the few financial documents involving
27:58
Speaker 1: Epstein that are not under seal, a federal nine to
28:02
Speaker 1: ninety tax filing for his nonprofit called, wait for it,
28:06
Speaker 1: Gratitude America. The last page of that document lists dozens
28:10
Speaker 1: of publicly traded stocks that were held in the portfolio,
28:14
Speaker 1: the majority of which were bought and sold on the
28:17
Speaker 1: same day in the lingo of Wall Street, trade of
28:20
Speaker 1: Wall Street. That's called day trading, and it is virtually
28:24
Speaker 1: unheard of in an investment portfolio for a taxpayer subsidized
28:29
Speaker 1: nonprofit charity. So what they're basically saying here is that
28:34
Speaker 1: this is obviously buppkis, this is obviously bs and that
28:39
Speaker 1: it is virtually unheard of for something like this to
28:43
Speaker 1: be part of the portfolio of a nonprofit. So what
28:47
Speaker 1: was Epstein really doing with Gratitude America. There are some
28:54
Speaker 1: modest losses among the day traded stocks, but there are
28:57
Speaker 1: also some eye popping gains on IPOs that's spiked on
29:01
Speaker 1: their first day of trading. The average American can't get
29:04
Speaker 1: their hands on one hundred shares of a hot IPO stock,
29:07
Speaker 1: let alone in the quantities that Epstein's ledger suggests he secured.
29:12
Speaker 1: No shit, we're not playing the game. We're not part
29:16
Speaker 1: of the game. That two tiered justice system is also
29:22
Speaker 1: the two tiered system of life that these people live on.
29:25
Speaker 1: And I said it earlier and I'll say it again.
29:29
Speaker 1: Nobody's calling you from the bank offering you a hot IPO.
29:33
Speaker 1: That shit ain't happening, Okay, But if you're Jeffrey Epstein,
29:36
Speaker 1: the child abuser, the child of a molester, the sex trafficker,
29:39
Speaker 1: the human trafficker, the money launderer, the general all around scuzbag,
29:43
Speaker 1: and companion to the bipedal serpent, it is game on folks.
29:52
Speaker 1: For example, on October eighteenth, twenty seventeen, the game loss
29:57
Speaker 1: ledger shows that someone representing the charity bought and sold
30:01
Speaker 1: two two and a half million lots for a total
30:05
Speaker 1: of five million shares of a Chinese company called Quidean Incorporated,
30:10
Speaker 1: which trades as an adr American Depository receipt on the
30:16
Speaker 1: New York Stock Exchange. Quadion went public at twenty four
30:21
Speaker 1: dollars a share on the exact same date that Epstein
30:24
Speaker 1: shows that he both bought and sold the stock, flipping
30:27
Speaker 1: a hot ipo, as it is known in the trade.
30:30
Speaker 1: Epstein's charity made a gain of thirty five thousand, six
30:34
Speaker 1: hundred and eighty nine dollars on the two lots, but
30:37
Speaker 1: the dollar amounts listed as to what he paid and
30:40
Speaker 1: what he sold the shares for indicate that the charity
30:43
Speaker 1: held just two lots of twenty five hundred each, or
30:46
Speaker 1: a total of five thousand shares, not the five million
30:50
Speaker 1: shares listed under the quantity column of the ledger. So
30:54
Speaker 1: they were cooking the books, both shitting around, quite obvious.
30:57
Speaker 1: What was going on and what you think it was
30:59
Speaker 1: just doing this? I bet you dollars to donuts that
31:03
Speaker 1: mister Endyke was involved. I don't have the evidence to
31:09
Speaker 1: prove that, but my guess would be that the in
31:12
Speaker 1: house lawyer would be very much involved in something like this.
31:17
Speaker 1: All other dollar amounts for other stock trades indicate the
31:21
Speaker 1: same thing that three extra zeros have been added under
31:24
Speaker 1: the quantity column. We don't know if this is an
31:27
Speaker 1: error in the quantity column or if Epstein was able
31:30
Speaker 1: to actually secure vast amounts of hot IPOs and simply
31:34
Speaker 1: allocated a portion of the profits to his charity. We
31:38
Speaker 1: can say this, getting any sizeable quantity of a hot
31:42
Speaker 1: ipo means you have some powerful friends somewhere with powerful
31:47
Speaker 1: connections to Wall Street. Yeah, that is definitely the case,
31:51
Speaker 1: and that's why we're doing this article today. That's why
31:55
Speaker 1: we're talking about this again. I want to drive home
31:57
Speaker 1: the point that these IPOs are not something that's offered
32:01
Speaker 1: to everybody. It's not me and you who are getting this,
32:04
Speaker 1: not your uncle Joe, not even your rich friend John.
32:08
Speaker 1: Nobody's getting this unless you're locked in and your friends,
32:11
Speaker 1: I mean really friends with the movers and the shakers
32:15
Speaker 1: on Wall Street. A sampling of other hot IPOs shown
32:20
Speaker 1: on his charity's gain loss ledger include Roku, the streaming
32:24
Speaker 1: video company that went public on September twenty eighth, twenty seventeen.
32:30
Speaker 1: Epstein acquired it at its initial listing price of fourteen
32:33
Speaker 1: dollars a share and flipped it the next day at
32:36
Speaker 1: approximately twenty six dollars and thirty three cents a share.
32:40
Speaker 1: It's not clear if trading commissions have been subtracted from
32:43
Speaker 1: the sales proceeds. That's an eighty eight percent gain for
32:47
Speaker 1: less than a twenty four hour holding period. Now, I
32:50
Speaker 1: know that's a lot for people who aren't really into
32:53
Speaker 1: the stock market, that don't really understand day trading and
32:56
Speaker 1: stuff like that. But if you're getting an eighty eight
32:59
Speaker 1: percent return on your trades, you are killing it and
33:03
Speaker 1: you're setting yourself up to have a lot of money
33:05
Speaker 1: in the long run. But this guy, Jeffrey Epstein, and
33:10
Speaker 1: the way he was getting these IPOs, it's not because
33:13
Speaker 1: he's some great financier there was some sort of quid
33:18
Speaker 1: pro quo going on here. I do for you, you
33:20
Speaker 1: do for me, and we all get rich and laugh
33:23
Speaker 1: at everybody else. That's what's going on here, in my opinion.
33:29
Speaker 1: Another IPO obtained was the email marketing company Sendrid, which
33:34
Speaker 1: he flipped on the first day of trading in November
33:36
Speaker 1: fifteenth of twenty seventeen, for a gain of thirteen point
33:40
Speaker 1: eight percent in one day. So again, these are huge gains,
33:45
Speaker 1: not the eighty eight percent, but if you can get
33:47
Speaker 1: thirteen percent on your investment and you're investing big money, folks,
33:52
Speaker 1: that's that's a big clip, and you're going to make things.
33:56
Speaker 1: You're going to be very profitable if you're reaping those
33:59
Speaker 1: kind of a reward wards. The charity's game loss ledger
34:04
Speaker 1: shows that in dollar terms, his largest profit came from
34:07
Speaker 1: a position in ten Cent Holdings, the Chinese internet company.
34:12
Speaker 1: He bought his position on two dates in twenty and sixteen,
34:16
Speaker 1: and sold both lots on August fourteenth, twenty seventeen, for
34:21
Speaker 1: a gain of six hundred and ninety three thousand, four
34:23
Speaker 1: hundred and twelve dollars. In a little over a year's time,
34:28
Speaker 1: we'll be reaching out to the accounting firm that filed
34:30
Speaker 1: his tax return to inquire why the quantity column for
34:34
Speaker 1: the shares of stock shows three extra zeros versus the
34:38
Speaker 1: dollar amounts realized in the purchase and sales columns. So
34:44
Speaker 1: this gives you just a little bit more of a look, folks,
34:46
Speaker 1: at how Epstein was conducting himself, at how he was
34:50
Speaker 1: conducting at the very least a portion of his business.
34:53
Speaker 1: And he was getting these IPOs he was they were hot,
34:57
Speaker 1: they were guaranteed, they were underwritten by the institutions, and
35:02
Speaker 1: he was burning them for huge profits at eighty eight
35:05
Speaker 1: percent a clip, or in just over a year, a
35:08
Speaker 1: six hundred and ninety three thousand plus some change profit.
35:14
Speaker 1: Not a bad year's work if you can get it, huh.
35:17
Speaker 1: Not a bad year's work with your passive money making
35:21
Speaker 1: money for you. The only problem is they were doing
35:26
Speaker 1: this business with a convicted sex offender and one of
35:31
Speaker 1: the scummiest people in the country, maybe in the whole
35:34
Speaker 1: world in fact. And now that the doors are blown
35:40
Speaker 1: off of all of this, Jeffrey Epstein's gone and dead,
35:45
Speaker 1: but these institutions still remain, and folks, it's about time
35:50
Speaker 1: they start answering some questions. If you'd like to contact me,
35:54
Speaker 1: you can do that at Bobby Kapuci at protonmeil dot com.
35:57
Speaker 1: That's Bobby c. A Cci at ProtonMail dot com. You
36:04
Speaker 1: can also find me on Twitter at Bobby underscore cap
36:09
Speaker 1: you Cci. All of the links that go with this
36:12
Speaker 1: episode can be found in the description box. All right, folks,
36:17
Speaker 1: I'll be back later on tonight and we will pick
36:20
Speaker 1: what's up everyone, and welcome back to the program. When
36:25
Speaker 1: you talk about money laundering and ways to hide money,
36:28
Speaker 1: there are many creative ways that the rich and powerful
36:31
Speaker 1: have come up with, whether it be in real estate
36:35
Speaker 1: or hiding money offshore. They always come up with a
36:39
Speaker 1: way to make sure that they're protected and that they're
36:43
Speaker 1: not getting absolutely crushed with taxes. And when you talk
36:47
Speaker 1: about a guy like Jeffrey Epstein, while he was doing
36:50
Speaker 1: a lot more, it wasn't just to avoid paying taxes.
36:54
Speaker 1: He wanted to shield all of that money from public view.
36:57
Speaker 1: He didn't want people to know where his money was
37:00
Speaker 1: tied up. He didn't want to know, he didn't want
37:02
Speaker 1: people to know where his investments were, and he wanted
37:05
Speaker 1: to keep things shadowy and all gummed up. That way,
37:09
Speaker 1: if he was ever caught, nobody could put the pieces together.
37:13
Speaker 1: And one of the best ways to do that, one
37:15
Speaker 1: of the best ways to stash your money these days
37:19
Speaker 1: is high end art. Not only do you have you know,
37:23
Speaker 1: the ritzy buying art, these days you have drug traffickers,
37:28
Speaker 1: you have you know, arms traffickers, you name it, and
37:32
Speaker 1: criminals who are a little bit more hip to what's
37:36
Speaker 1: going on anyway, Well, they're putting their money into art.
37:40
Speaker 1: You look at inflation, you look at the stock market,
37:43
Speaker 1: you look at how things are tanking. Well, guess what
37:45
Speaker 1: market is never affected, that's right, arts and antiquities. So
37:50
Speaker 1: there's a reason people like Leon Black have you know,
37:54
Speaker 1: five six, seven hundred million dollars in artwork. Very hard
37:57
Speaker 1: for the government to trace. That, very hard for the
38:00
Speaker 1: government to track that. And well, what's the biggest problem
38:05
Speaker 1: these drug dealers have bringing the money home? Right? What
38:09
Speaker 1: would be easier having your money invested in a picasso
38:13
Speaker 1: that's never gonna lose value or shoe boxes of cash
38:18
Speaker 1: that are being eaten by the rats. So it just
38:21
Speaker 1: makes sense for a high end money movers and criminals
38:25
Speaker 1: really to get involved in this game. Now, I'm not
38:29
Speaker 1: saying the whole entire high end art market is you know,
38:32
Speaker 1: a money wandering scheme, but it's certainly a vehicle that
38:35
Speaker 1: they're using the same way that they're using high end
38:38
Speaker 1: real estate. I mean, look at these buildings that we
38:40
Speaker 1: have around the country, big ass buildings built and nobody
38:44
Speaker 1: in the offices. It's because they have ways to get
38:47
Speaker 1: over on the government via tax loopholes, via write offs,
38:51
Speaker 1: whatever it might be. That's the motivation, and that's certainly
38:55
Speaker 1: the motivation with a lot of these people and their
38:59
Speaker 1: purchases of high art. They don't want to pay the
39:01
Speaker 1: money on it, they don't want to have to transport
39:04
Speaker 1: the money on it, and they want to make sure
39:06
Speaker 1: that the value of their investment stays where it's at,
39:11
Speaker 1: and the art market is certainly one of the best
39:15
Speaker 1: mediums for them to accomplish this. And in today's article
39:20
Speaker 1: from art net, we're going to keep on this topic
39:24
Speaker 1: and talk about it. So let's dive in. This article
39:29
Speaker 1: was authored by Taylor Defoe and this article was published
39:34
Speaker 1: on February two of twenty twenty two. Like I said,
39:39
Speaker 1: art net headline more than sixteen hundred works of art,
39:44
Speaker 1: including major pieces by Bankseat. We're secretly shuffled through shell companies.
39:48
Speaker 1: The Pandora Papers reveal a new report shows how the
39:52
Speaker 1: wealthy exploited the relatively unregulated art market to protect their money.
39:57
Speaker 1: Do you really think that all of these people that
39:59
Speaker 1: were in in high end art, are these like connoisseurs
40:04
Speaker 1: or are they just scumbags who know that this is
40:06
Speaker 1: the proper vehicle to stash their money. Go and talk
40:10
Speaker 1: to any high end tax accountant and they'll tell you
40:13
Speaker 1: that this is a great vehicle. More than sixteen hundred
40:19
Speaker 1: works of art by some four hundred artists were quietly
40:22
Speaker 1: shuffled through shell companies and taxavans, according to records from
40:26
Speaker 1: the Pandora Papers, a trove of eleven point nine million
40:30
Speaker 1: leaked documents that revealed the offshore accounts of numerous world leaders.
40:35
Speaker 1: And you know who else was caught up in this.
40:37
Speaker 1: You know the guy Zelenski over there in Ukraine. Everybody
40:40
Speaker 1: seems to think is this great leader. Well, up until
40:43
Speaker 1: this invasion, basically he was being looked at sideways for
40:46
Speaker 1: being a kleptocrat. You can go and find articles from
40:50
Speaker 1: twenty twenty one twenty twenty that talked about how his
40:54
Speaker 1: whole entire Mantro was coming in and getting rid of
40:56
Speaker 1: the oligarchs, getting rid of the kleptocrats, only to do
41:00
Speaker 1: the same exact thing that they were doing. In a
41:04
Speaker 1: new report by the International Consortium of Investigative Journalists ICIJ,
41:09
Speaker 1: the group that published the Pandora papers last fall, researchers
41:13
Speaker 1: show the ways in which the wealthy use their relatively
41:17
Speaker 1: unregulated art markets to secretly move their money. And look,
41:21
Speaker 1: I know it sounds crazy, right who thinks about this?
41:25
Speaker 1: When you're sitting around, you know, thinking about money laundering
41:28
Speaker 1: or whatever, the last thing people think about is the
41:31
Speaker 1: art market. Well, if you think that people like the
41:35
Speaker 1: cartels and big time narcotics movers. I'm not talking about
41:38
Speaker 1: corner boys. I'm not talking about people who are moving
41:42
Speaker 1: small amounts of weight. I'm talking about people with real work.
41:46
Speaker 1: These people are investing their money like anyone else. And
41:50
Speaker 1: one of the main vehicles, folks, I'm telling you right
41:52
Speaker 1: now for people like this is this high end art market.
41:56
Speaker 1: It is not regulated, very rarely looked at, and how
41:59
Speaker 1: are you going to track it in the first place.
42:04
Speaker 1: London financier Mauricio Fabris, for instance, has used an offshore
42:09
Speaker 1: trust in New Zealand to acquire more than a dozen
42:12
Speaker 1: works by the highly sought after street artist Banksy since
42:16
Speaker 1: two thousand and nine. Among the major he bought our
42:20
Speaker 1: flower Thrower, Grow with Balloon and Rude Copper. The latter
42:24
Speaker 1: depicts a police officer giving the middle finger. Now I'm
42:27
Speaker 1: not really too hip on art. I'll be straight up
42:31
Speaker 1: with you. I'm not somebody who follows the art scene
42:33
Speaker 1: or anything like that, but some of these pictures from Banksy,
42:36
Speaker 1: these drawings and renderings pretty cool. Again, it's terribly ironic.
42:42
Speaker 1: John zarabel, a San Francisco University professor and author, told
42:47
Speaker 1: the ICIJ the artist's work, he explained, attacks not only authority,
42:52
Speaker 1: but the political and economic structures that undergird the art world.
42:57
Speaker 1: But when you become a famous artist like Banksy, as
43:00
Speaker 1: your work gains a lot of value and then it
43:03
Speaker 1: can become a tool in these kinds of schemes by
43:05
Speaker 1: the ultra wealthy in order to hide their wealth. And
43:08
Speaker 1: it goes even further than that with some of these people. Sure,
43:12
Speaker 1: the wealthy have been looking to game the system forever,
43:16
Speaker 1: and it's hilarious that they're trying to game the system
43:19
Speaker 1: considering they created the system. But here we are with
43:24
Speaker 1: them still trying to get over stash money, hide money.
43:27
Speaker 1: They can never have enough, right, It's like gluttonous pigs
43:31
Speaker 1: at the trough. Through an agreement with a Singapore based
43:37
Speaker 1: financial service provider called Asiati Trust, Fabris was allowed to
43:42
Speaker 1: display the works at his home without paying taxes. He
43:45
Speaker 1: later sold three of the pieces to a London gallery
43:48
Speaker 1: run by Banksy's former agent, just as Fabris came under
43:52
Speaker 1: investigation for tax fraud in Italy. Well, of course you're
43:55
Speaker 1: gonna eventually get nailed in one of these countries if
43:58
Speaker 1: you're out here acting like a jerk off and Fabris nailed.
44:04
Speaker 1: You see, these people that are involved in this game,
44:07
Speaker 1: they think they're way smarter than everybody else in the room,
44:11
Speaker 1: and a lot of times they outsmart themselves. As a
44:16
Speaker 1: result of that investigation, Fabris, a former race car driver,
44:20
Speaker 1: was formally charged with tax evasion in twenty fifteen. After that,
44:25
Speaker 1: Asiati transferred ownership of the banks the artworks from the
44:28
Speaker 1: Fabris Trust back to the man himself and to shell
44:31
Speaker 1: companies in the UK and British Virgin Islands were closed.
44:36
Speaker 1: I mean, really, and this is going on? Rinse and
44:38
Speaker 1: repeat we're talking about this gentleman Fabris here. But you
44:42
Speaker 1: can insert numerous people into this conversation and they're making
44:46
Speaker 1: the same moves, acting goofy in the same way, and
44:50
Speaker 1: our government are sitting around and letting it happen. They're
44:53
Speaker 1: the ones who write the laws. Remember, they're the ones
44:55
Speaker 1: who put these loopholes in there. Do we really need
44:58
Speaker 1: a tax code that's five million pages long? Should be
45:02
Speaker 1: one page? Here's what you pay, Here's how you can
45:05
Speaker 1: write write off your expenses, done and done. But no,
45:09
Speaker 1: it has to be a whole ass fucking thing like
45:11
Speaker 1: everything else. Right. Other parties included in the ICIJ's new
45:18
Speaker 1: report include controversial Russian television CEO Constantine Ernst, members of
45:25
Speaker 1: the powerful Sri Lankan Rajapaksa family, and the Indian auction
45:29
Speaker 1: house Saffron Art. Now we know that this led directly
45:33
Speaker 1: to the Rajapaksa family losing power and basically Sri Lanka,
45:39
Speaker 1: you know, devolving into a non functional government and non
45:44
Speaker 1: functional nation at this point, and a lot of that
45:46
Speaker 1: had to do with this family, the Rajapaxas being outed
45:51
Speaker 1: as kleptocrats and the people, look, they don't want to
45:56
Speaker 1: deal with it. People have had enough, you know what.
45:57
Speaker 1: People are sick of. People are sick and tied of
46:00
Speaker 1: not being able to pay their own bills, working all day,
46:03
Speaker 1: killing themselves, coming home, not having the energy to even
46:06
Speaker 1: play with their children. And meanwhile these people are out
46:10
Speaker 1: here stealing hand over fist and there's never any sort
46:16
Speaker 1: of punishment for them, never any retribution. They caused the
46:21
Speaker 1: whole ass world economy to crash in two thousand and eight,
46:25
Speaker 1: and nobody went to prison. Each was shown to have
46:32
Speaker 1: used offshore companies to purchase art tax free, but none
46:36
Speaker 1: have been accused of illegal activity, according to The Art newspaper.
46:40
Speaker 1: A review of the Panama Papers previously revealed that the
46:43
Speaker 1: late disgraced antiquities dealer Douglas Latchford also used offshore trust
46:48
Speaker 1: to sell looted art. And that's another big deal. You
46:52
Speaker 1: have a lot of looted art on the market now.
46:55
Speaker 1: After the ISIS invasion of Iraq, the ISIS invasion of Syria,
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Speaker 1: we're talking about the levant here. There's so much history
47:02
Speaker 1: in those museums and ancient artifacts. Now those ancient artifacts
47:06
Speaker 1: they're looted and they're sold, and they find their way
47:09
Speaker 1: to the hands of people like this, and instead of
47:12
Speaker 1: doing the right thing, you know, you would think if
47:14
Speaker 1: you're some rich collector, you'd want to make sure that
47:17
Speaker 1: this gets back to the people who own it. You
47:19
Speaker 1: buy it for yourself through a shell company, and then
47:21
Speaker 1: you sit on it and you launder your money through it,
47:24
Speaker 1: rinse and repeat. But you know who else is getting
47:28
Speaker 1: into this game, folks, Narco traffickers, the cartel bosses are
47:33
Speaker 1: not stupid men, and anyone who thinks they are is
47:36
Speaker 1: not paying attention. And don't even get me started on
47:39
Speaker 1: people like the Kinahans. You know that they're in this game.
47:43
Speaker 1: So considering we're talking about money laundering this week and
47:47
Speaker 1: Jeffrey Epstein's finances, all of this stuff goes hand in hand.
47:51
Speaker 1: All of Jeffrey Epstein's biggest bag men are huge in
47:54
Speaker 1: the world of art. So ask yourselves why is that?
47:58
Speaker 1: Why are they so in art and why do they
48:01
Speaker 1: have such big collections? It couldn't be because they're hid
48:05
Speaker 1: trying to hide their finances, could it. That's gonna do
48:10
Speaker 1: it for this episode. If you'd like to contact me,
48:13
Speaker 1: you can do that at Bobby Gapuchi at ProtonMail dot com.
48:17
Speaker 1: That's b O. B B. Y c A p u
48:20
Speaker 1: c c I at ProtonMail dot com. Can also find
48:23
Speaker 1: me on Twitter at b O b B y underscore
48:27
Speaker 1: c A p u c c I. The link that
48:30
Speaker 1: I discussed can be found in the description box.