Takes a teaching job with no experience at a rich kids school, most likely to become close to students parents. He had parent teacher conferences and grew close to CEO of Bear Stearns. Later got a job at Bear Stearns with no experience. Met very powerful and rich clients of the company. Eventually became the the companies advisor to the wealthiest clients on tax avoidance. He was close to the heads of Stearns until they folded and closed shop than distance himself.
in August 1981, Epstein founded his own consulting firm, Intercontinental Assets Group Inc. (IAG) which assisted clients in recovering stolen money from fraudulent brokers and lawyers. Epstein described his work at this time as being a high-level bounty hunter. He told friends that he worked sometimes as a consultant for governments and the very wealthy to recover embezzled funds, while at other times he worked for clients who had embezzled funds. Ana Obregón was one such wealthy Spanish client, who Epstein helped in 1982 to recover her father’s millions in lost investments, which had disappeared when Drysdale Government Securities collapsed because of fraud. Not sure where he learned this process or how he recovered ppls funds.
During this period, one of Epstein’s clients was the Saudi Arabian businessman Adnan Khashoggi (his nephew journalist was recently killed by the saudi gov…same prince in epsteins black book), who was the middleman in transferring American weapons from Israel to Iran, as part of the Iran–Contra affair in the 1980s. Khashoggi was one of several defense contractors that he knew. In the mid-1980s, Epstein traveled multiple times between the United States, Europe and Southwest Asia. While in London, Epstein met Steven Hoffenberg. They had been introduced through Douglas Leese, a defense contractor, and John Mitchell, the former U.S. Attorney General. (prob got under the table money organizing iran contra affair as the middle man was worth 4 billion dollars)
Steven Hoffenberg hired Epstein in 1987, as a consultant for Tower Financial Corporation a collection agency that bought debts people owed to hospitals, banks, and phone companies. Hoffenberg set Epstein up in offices in the Villard House and paid him US$25,000 per month for his consulting work (equivalent to $55,000 in 2018). (why would epstein get paid that much a month for being a debt collector for phone bills). Hoffenberg and Epstein then refashioned themselves as corporate raiders using Tower Financial as their raiding vessel. One of Epstein’s first assignments for Hoffenberg was to implement what turned out to be an unsuccessful bid to take over Pan American World Airways in 1987. A similar unsuccessful bid in 1988 was made to take over Emery Air Freight Corp. During this period, Hoffenberg and Epstein worked closely together and traveled everywhere on Hoffenberg’s private jet.
In 1993, Tower Financial Corporation imploded as one of the biggest Ponzi schemes in American history which lost its investors over US$450 million. In court documents, Hoffenberg claimed that Epstein was intimately involved in the scheme. Epstein left the company by 1989 before it collapsed and was never charged for being involved with the massive investor fraud committed. It is unknown if Epstein acquired any stolen funds from the Tower Ponzi scheme. —- Epstein was never charged but the Hoffenberg got 20 years in jail…and only 60 million was paid back…about 400 million went missing…..
Where did his money come from? hm hm hm Where did this money go from one of the biggest ponzi schemes ever in history? He was never charged either?
Basically laid low and hustled the owner of Victoria’s Secret for million’s and housed models for fashion shows and shoots.
Went back to his old boss he met from being a teacher at a parent conference. His old company Bear Stearns to front 40% and partner with him on a creating a new financial market…the repo debt market. Epstein was creating this “industry” — This created Bear Stearn holding a large amount of collateral in regards for possible money to be paid back…which they were the first to crash during the 2008 financial collapse …but he also got Stearns to go in on another fund to invest 17 dollars for every 1 dollar he invested…. which killed Stearns over 1 billion dollars they lost from him which spiraled the entire american economy …but when this was going on…epstein quietly was making a deal for his arrest in 2008 for sex with minors…and in no way bear stearns would at the time admit to taking financial advise from not only a child rapist and accused ponzi schemer ….if that had come out that the due diligence of one of the biggest financial firms was non existent…at the same time as Bernie Madoff being arrested
Starts a security agency in Israel with the Former Prime Minister (after he already was arrested and served time for having sex with children)
This man just isn’t this smooth at selling smart and powerful people…and for them to give him money. A con man from the start..and in various industries too none the less…even owned various magazines and papers and real estate companies. (clearly to launder money hence his carribean island life) — Tax havens.