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October 16, 2020

Wall Street Mogul Leon Black Paid Jeffrey Epstein $50 to $75 Million For Vague, Unspecified "Services" -- All After Epstein's Pedophile Conviction, When All the World Knew That Epstein's Main Business Was Renting Child Sex Slaves to Wealthy Pedos

This is fine.

The billionaire financier Leon Black, one of Wall Street's most powerful executives, was facing questions from clients after Jeffrey Epstein was arrested last year on federal sex trafficking charges. The two men had known each other for decades, and investors of Mr. Black’s investment company, Apollo Global Management, wanted to know how close they had been.

Such questions were valid, Mr. Black said, according to a transcript of a call with analysts in July 2019. He said in a letter that same day to investors that he had had a 'limited relationship" with Mr. Epstein, a convicted sex offender, and had consulted him "from time to time" on personal financial matters.

But their connection was deeper than Mr. Black let on: The two men often socialized and dined together, and Mr. Black was a lucrative client for Mr. Epstein over the final decade of his life.

Mr. Black wired Mr. Epstein at least $50 million in the years after Mr. Epstein's 2008 conviction for soliciting prostitution from a teenage girl,
according to documents reviewed by The New York Times and interviews with four people with knowledge of the transactions. The transfers included $10 million to a foundation started by Mr. Epstein and consulting fees that were sufficiently unusual to draw scrutiny from Deutsche Bank, where Mr. Epstein kept his accounts. Two of the people said the total amount sent by Mr. Black to Mr. Epstein could be as high as $75 million.

It was not clear what kind of services Mr. Epstein provided to Mr. Black, whose $9 billion fortune can buy him access to the best lawyers and accountants in the world. Mr. Epstein, though he styled himself as a "financial doctor" to wealthy clients, was a college dropout who had worked on Wall Street for just a few years, demonstrated no great skill as an investor and had no formal training in tax and estate planning.

So, what "services" did known convicted pedophile Jeffrey Epstein provide to billionaire Leon Black for $50 to $75 million over six years...?

Prepare for a bunch of deliberately vague verbal fog -- thick smoke laid down to obscure what's really going on.

"Mr. Black received personal trusts and estates planning advice as well as family office philanthropy and investment services from several financial and legal advisers, including Mr. Epstein, during a six-year period, between 2012 and 2017," said Stephanie Pillersdorf, a spokeswoman for Mr. Black. "The trusts and estate planning advice was vetted by leading auditors and law firms."

Black is a 9 billion dollar tycoon with his own legal team permanently on staff and of course any lawyer in the world would jump to work for him.

But instead, Black paid convicted pedophile Epstein-- post his pedophilia conviction, mind you-- $50 to $75 million for vague "advice."

Does anyone believe this?

Here is what appears to be a disguised payment from Black to Epstein -- specifically, to the company that managed Epstein's famous Pedo Express jet.

Some of the payments from Mr. Black are described in an internal report by Deutsche Bank, which served as Mr. Epstein's primary banker from 2013 into 2019. The report was provided to regulators who fined the German bank over the summer for its failure to catch numerous red flags in Mr. Epstein's financial activities.

Portions of the report reviewed by The Times describe a payment of $22.5 million in 2017 by a company called BV70 LLC, which the bank said owned Mr. Black's yacht, to Plan D, the company that managed Mr. Epstein's Gulfstream jet. When an employee in Deutsche Bank’s anti-financial-crime division inquired about the payment, she was told by another bank employee that it was a fee for consulting services provided by Southern Trust Company, one of the dozens of entities Mr. Epstein operated in the Virgin Islands. There was no explanation for why the payment went to Plan D.

Oooh, oooh! I have an explanation!


Because he didn't want to write "Payment for sex with children forced into sex slavery."

128 Heard a good joke the other day (here maybe?) Worth repeating:

You know what Joe Biden and Jeffrey Epstein have in common?

Neither can complete a sentence.
Posted by: Zod

They also both like touching children from behind.


digg this
posted by Ace at 02:00 PM

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