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Epstein's unknown source of wealth

Jul 14, 2019

Jeffrey Epstein is a billionaire whose source of wealth is as mysterious as he himself is. He was not born wealthy, and his hedge fund never seemed to have any real clients, other than Les Wexner, the billionaire founder of Victoria’s Secret.


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 on Wall Street, where he’d worked for decades, so he began to ask around. “I went to my institutional brokers, to their trading desks and asked if they ever traded with him. I did it a few times until the date when he was arrested,” he recalls. “Not one institutional trading desk, primary or secondary, had ever traded with Epstein’s firm.”

When a reporter came to interview Kass about Bernie Madoff shortly before that firm blew up in the biggest Ponzi scheme ever, Kass told her, “There’s another guy who reminds me of Madoff that no one trades with.” That man was Jeffrey Epstein.

“How did he get the money?” Kass kept asking.

For decades, Epstein has been credulously described as a big-time hedge-fund manager and a billionaire, even though there’s not a lot of evidence that he is either….

A fund manager who knows well how that kind of fortune is acquired notes, “It’s hard to make a billion dollars quietly.” Epstein never made a peep in the financial world….

Given this puzzling set of data points, the hedge-fund managers we spoke to leaned toward the theory that Epstein was running a blackmail scheme under the cover of a hedge fund.

The Wikipedia says this about Epstein’s main benefactor (and handler?), Les Wexner:


In 1984, he established the Wexner Foundation whose goal is to strengthen the field of Jewish leadership. The foundation runs three major programs: the Wexner Heritage Program for North American Jewish volunteers: the Graduate Fellowship for students pursuing a master's degree in the rabbinate, cantorate, or Jewish studies; and an Israel Fellowship which funds Israeli public officials for a master's degree in public administration from Harvard University's John F. Kennedy School of Government.[citation needed]

Wexner served on the board of trustees of Ohio State University from 1988 to 1997. In December 2005, Wexner was appointed to his second term and was elected chairman in 2009. It was announced in June 2012 that Wexner's chairmanship was to end, eight years before his appointment would have ended....[14]

Wexner had a close relationship with Jeffrey Epstein, who managed Wexner's financial assets. Wexner and Epstein parted when Epstein went to prison.[25]Wexner was believed to be the primary source of Epstein's wealth. [26]

More about Epstein and his connection to Les Wexner is in a short comment by Dr. Steve Pieczenik in this 5-minute video:


Dr. Pieczenik was high up in the CIA and worked in government for decades. He knows how the Intelligence community works and is a good source of information in that regard. He says that the Epstein pedophilia ring is part of a Mossad operation and that Epstein is (or was) a Mossad agent. Dr. Pieczenik also says that in connection with the 911 demolition of the Twin Towers, he “put away two Mossad operatives” involved in that take-down.

Listen carefully, because he reveals many important details in a very short video.

Alexander Acosta, the Labor Secretary who pushed for a reduced sentence for Epstein ten years ago, said that he cut the generous plea deal because he had been told by higher government officials to “back off” because Epstein “belonged to intelligence.” He does not reveal which intelligence agency was handling Epstein, but Dr. Pieczenik tells us that it was the Mossad—most likely working in conjunction with a faction of the CIA.

Epstein’s name, I was told, had been raised by the Trump transition team when Alexander Acosta, the former U.S. attorney in Miami who’d infamously cut Epstein a non-prosecution plea deal back in 2007, was being interviewed for the job of labor secretary. The plea deal put a hard stop to a separate federal investigation of alleged sex crimes with minors and trafficking.

“Is the Epstein case going to cause a problem [for confirmation hearings]?” Acosta had been asked. Acosta had explained, breezily, apparently, that back in the day he’d had just one meeting on the Epstein case. He’d cut the non-prosecution deal with one of Epstein’s attorneys because he had “been told” to back off, that Epstein was above his pay grade. “I was told Epstein ‘belonged to intelligence’ and to leave it alone,” he told his interviewers in the Trump transition, who evidently thought that was a sufficient answer and went ahead and hired Acosta. (The Labor Department had no comment when asked about this.)


When Epstein was re-arrested last week, Acosta again came under fire. He tried to defend himself, but ultimately, he had to resign as Labor Secretary.


Epstein was linked with the NXIVM case, and his re-arrest is an outgrowth of the NXIVM trial that was completed a few weeks ago. This will only continue to expand, as each cooperating witness testifies against others. Q says that his arrest is the beginning of “the storm” and the beginning of much “pain.”

The story of the pedo-torture-cannibalism-sex-trafficking story is even bigger than the one about Planned Parenthood’s sale of baby body parts. As the news unfolds, watch the politicians get more and more nervous as the noose tightens around their necks. Those who scream the loudest are probably the ones who are most fearful. This has the potential of taking down a third of the US congress, but it could also set many of them free from the threat of Epstein's blackmail. So watch for political turnarounds as well.

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Category: News Commentary
Blog Author: Dr. Stephen Jones