Category Archives: International

World News Legal developments from around the world. The following is a collection of the most recent posts from other blogs addressing topics of international law.

Jeff Epstein Money and his role in the 2008 financial collapse

1970’s

 
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.
 

1980’s

 
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)

Late 1980’s

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?

The 1990’s

Basically laid low and hustled the owner of Victoria’s Secret for million’s and housed models for fashion shows and shoots.

Early 2000’s

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
 

2015’s

 
Starts a security agency in Israel with the Former Prime Minister (after he already was arrested and served time for having sex with children)
 

Conclusion

 
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. 

Meghan Markle vs Associated Newspapers: Inside the case of the century

Meghan may have suffered a legal blow but this is only round one in what looks set to be a messy courtroom skirmish. Here is what you need to know.

It should have been one of the most dramatic days in recent royal history. On April 24, a horde of the UK’s legal superstars should have descended on London’s High Court for the start of what will be one of the most closely watched, potentially damaging, legal stoushes in recent history.

On one side, Associated Newspapers, the parent company of the Daily Mail and the Mail on Sunday, and on the other, Meghan Duchess of Sussex.

It was expected to be a dramatic day.

Instead, the preliminary hearing in the case played out via Microsoft Teams with hordes of journalists signing in to witness the first round in this courtroom confrontation.

Despite the fact that it was 3.30am in Los Angeles, Meghan and husband Harry Duke of Sussex are also reported to have watched proceedings unfold.

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Federal Judge Denies Cali Drug Cartel Kingpin Early Release

A Miami federal judge has denied an early release from prison for one of the kingpins of the Cali drug cartel, ruling that his health and the threat of the COVID-19 coronavirus are not sufficient grounds to end his incarceration. The decision from U.S. District Judge Federico Moreno means that Gilberto Rodriguez Orejuela, an 81-year-old former leader of the Cali cartel, will continue to serve his 30-year sentence at a federal penitentiary in North Carolina.

Rodriguez Orejuela and his brother Miguel, former leaders of the infamous Cali drug cartel, pleaded guilty in 2006 to trafficking more than 200 tons of cocaine from Colombia to the United States during the 1980s and ‘90s. The brothers reached a plea deal with federal prosecutors in Miami that allowed dozens of family members to avoid prosecution for money laundering and obstruction of justice charges as part of the agreement.

Rodriquez Orejuela’s attorney had filed a petition with the court requesting early release for his client on compassionate grounds. Attorney David O. Markus argued that Rodriquez Orejuela’s medical history, which includes colon cancer, prostate cancer, two heart attacks, high blood pressure, skin cancer, gout, chronic anxiety and depression, qualified him for compassionate release. Markus also cited media accounts of the threat that the COVID-19 poses to prison inmates as cause to let him out of prison.

“Because there were already sufficient reasons to release him, this crisis gives the court further reasons to grant his motion,” he said.

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The dark side of Japan’s anime industry

Anime brings in more than $19 billion a year. Its artists are earning barely enough to survive.

Pikachu’s thunderbolt struck America in 1998 and changed the lives of a generation.

The US anime craze started at the turn of the century with Sailor Moon’s middle-school magical girls out to save faraway planets; One Piece’s pirates, cyborgs, and fish people seeking a legendary treasure; and Pokémon’s Ash Ketchum on a noble quest to “catch ’em all.”

These classic shows and many others led the charge; between 2002 and 2017, the Japanese animation industry doubled in size to more than $19 billion annually. One of the most influential and renowned anime, Neon Genesis Evangelion, finally debuted on Netflix this month, marking the end of years of anticipation and a new pinnacle in anime’s global reach.

But anime’s outward success conceals a disturbing underlying economic reality: Many of the animators behind the onscreen magic are broke and face working conditions that can lead to burnout and even suicide.

The tension between a ruthless industry structure and anime’s artistic idealism forces animators to suffer exploitation for the sake of art, with no solution in sight.

Anime’s slave labor problem

Anime is almost entirely drawn by hand. It takes skill to create hand-drawn animation and experience to do it quickly.

Shingo Adachi, an animator and character designer for Sword Art Online, a popular anime TV series, said the talent shortage is a serious ongoing problem — with nearly 200 animated TV series alone made in Japan each year, there aren’t enough skilled animators to go around. Instead, studios rely on a large pool of essentially unpaid freelancers who are passionate about anime.

At the entry level are “in-between animators,” who are usually freelancers. They’re the ones who make all the individual drawings after the top-level directors come up with the storyboards and the middle-tier “key animators” draw the important frames in each scene.

In-between animators earn around 200 yen per drawing — less than $2. That wouldn’t be so bad if each artist could crank out 200 drawings a day, but a single drawing can take more than an hour. That’s not to mention anime’s meticulous attention to details that are by and large ignored by animation in the West, like food, architecture, and landscape, which can take four or five times longer than average to draw.

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Convicted ‘pharma bro’ Martin Shkreli wants early release to work on coronavirus cure

Lawyers for Shkreli, who is in federal prison, claim he has “devoted countless hours” to researching a cure.

Lawyers for “pharma bro” Martin Shkreli asked a federal judge Wednesday to release him from prison so he can help find a cure for COVID-19, the disease associated with the coronavirus, court records show.

The documents, filed in U.S. District Court in Brooklyn, N.Y., say Shkreli, 37, has “devoted countless hours” to developing a cure for the disease, which has killed nearly 45,000 people in the United States and tens of thousands more around the world.

Full coverage of the coronavirus outbreak

Shkreli is serving a seven-year sentence at a federal prison in Allenwood, Pennsylvania, after being convicted in 2017 on securities fraud and conspiracy charges. His lawyers asked in the filing that he be allowed to serve the rest of his term at home with an electronic monitor.

Shkreli, a former biotech CEO and hedge fund manager, had been accused of repeatedly lying about the performance of his funds and raiding his company’s assets to provide returns to investors. He first gained notoriety in 2015 after he raised the price of a lifesaving anti-parasite drug by 5,000 percent.

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