Sunday, June 12, 2022

Epstein Funded by Ponzi and Apollo PEU


How many times did authorities look the other way regarding Jeffrey Epstein?  Many know his ties to Leon Black, co-founder of Apollo Global Management (a private equity underwriter (PEU)).

Apollo CEO Leon Black paid child sex predator Jeffrey Epstein $158 million for financial advice from 2012 through 2017, despite knowing Epstein pleaded guilty to sexually abusing an underage girl in 2008.

Britain's Prince Andrew got squeezed out of royal duties for his dalliances with Epstein's girls.  The Royal Family is one of the highest authorities in the United Kingdom.  

The Sun reported on Epstein's earlier skate from the law.  Towers Financial Corporation CEO Steven Hoffenberg employed Epstein and became close with the predator.

According to Hoffenberg, who helped Epstein earn his first million, he was a ruthless, social-climbing psychopath with “no moral compass”.

Epstein was reportedly involved in one of the biggest investment scams, or Ponzi scheme, in US history, as Hoffenberg described him as “very manipulative, very controlling. He had no boundaries”.

In 1996, Hoffenberg was jailed for 18 years for his part in the scam which he claims Epstein was a key part of.

But, Epstein's fortune remains clouded in mystery, as the brazen paedophile was not prosecuted for his involvement in the billion-dollar Ponzi scheme.

Like many things related to Epstein, it's unclear why he was never charged for his involvement in the scam or whether he benefited financially from it.

CBS News reported in 2019:

Between 1988 and 1993, Towers raised more than $400 million by selling bonds and promissory notes to investors. Hoffenberg and his associates then used the money to cover operating costs, repay earlier investors —and enrich themselves.

 "It was a pure Ponzi scheme right from the inception," Corrigan said. "The company had different lines of business. It was selling promises to investors: Buy our notes, buy our bonds. It never had a core operating business that would have sustained the kind of payoffs that were being promised."

Epstein's connections to power were obvious back then.

Today, Hoffenberg admits he should have cooperated with the feds and implicated Epstein.

"I didn't take that opportunity and I was wrong. And others have wanted me to cooperate civilly against Jeffrey Epstein, and I didn't take up those opportunities, and that was wrong," he said, stating he did not want to take the risk of fighting Epstein in court, mainly due to his powerful relationships and political connections.

Jeffrey Epstein's crime spree occurred over three decades and was enabled by authorities charged with protecting investors and teenage girls.  

Prince Andrew settled the lawsuit from one of Epstein's victims and wants back in the Royal Family.  Saudi's Crown Prince seems to have been forgiven for killing journalist Jamal Khashoggi when he never accepted responsibility, much less apologized.  Many of the world's best golfers set aside Khashoggi's murder to play on the LIV Golf inaugural event in London.  President Biden may visit Saudi Arabia soon.  

If the world can move on regarding a violent Saudi monarch, then surely it can readmit a Randy Andy.  And that's what pisses off the common citizen.  There's justice and "just us" wealthy, connected people.

Update 11-29-22:  Reuters reported:

Leon Black, the billionaire co-founder of private equity firm Apollo Global Management Inc, was sued on Monday by a woman who said he raped her two decades ago in the late sex offender Jeffrey Epstein's Manhattan mansion.

Update  1-29-23:  Epstein died in a New York jail summer of 2019.  Many believe Epstein was a sextortionist, using images of famous people in compromised positions with his underage harem to garner power, money and influence.  Prince Andrew settled a case out of court with an Epstein victim and now wants to reverse the deal to bolster his reputation.  Does that mean Andrew will have worked both sides of sextortion, victim/perpetrator to perpetrator/victim?

A sextortion attorney said:

"I see hedge fund managers, private equity partners, big law firm attorneys, high-end physicians, especially those with active social media platforms."

Update 2-17-23:  There are over 1,000 e-mails between Epstein and Barclays CEO Jes Staley, some included pictures of young women.

Staley, who worked at JPMorgan until 2013, pressed the bank to keep Epstein as a client despite the disgraced financier’s convictions.

Will Epstein's life of crime end up like the investigation into Rep. Matt Gaetz, with no charges against child sex traffickers?  Highly likely.  

Update 2-18-23:  A JPMorgan account was used to pay 20 Epstein sex abuse victims.

Update 3-12-23:  Reuters reported:

JPMorgan Chase & Co has sued Jes Staley, its former private banking head and later Barclays Plc's chief executive, accusing him of entangling it with sex offender Jeffrey Epstein, and saying Staley himself had been accused of sexual assault.

Update 11-26-23:  The World Tribune reported:

Given all that has happened to this country over the past 35-odd years since Michael Milken, Leon Black and Jeffrey Epstein first appeared on the national scene, it is more than appropriate to ask out loud just how much influence this unholy trinity has had and continues to have over America’s political, corporate and cultural elites.

There is no crime amongst elites that cannot be forgiven.