Jeffrey Epstein Appears In Manhattan Federal Court On Sex Trafficking Charges

Jeffrey Epstein’s Mysterious Wealth May Come From ‘Blackmail Scheme’ On Rich And Powerful, Experts Now Believe

Jonathan Vankin - Author
By

Jul. 12 2019, Updated 6:52 a.m. ET

Though newly arrested sex offender Jeffrey Epstein has frequently been described in press reports as a “billionaire,” as The Inquisitr reported, the source of his supposed wealth remains a mystery, and there is very little evidence that Epstein has ever been worth a billion dollars or more. Yet Epstein is known for an over-the-top lifestyle filled with the trappings of great wealth, including multiple mansions and private jets — as well as a roster of rich and powerful friends.

Article continues below advertisement

Epstein reputedly derived his wealth as a money manager, making big-time investments for billionaires. But according to a New York Magazine report, which surveyed actual Wall Street hedge fund operators, Epstein somehow managed to fly completely under the radar in the financial world, even while supposedly accumulating a billion dollar fortune.

“It’s hard to make a billion dollars quietly,” one fund manager told the magazine, while noting that Epstein had never attracted any attention on Wall Street for his trading activity, despite what would have been expected to be a high profile in the financial world.

Hedge fund manager Douglas Kass, who told New York that he has harbored suspicions about Epstein’s alleged wealth for years, said he repeatedly asked institutional investors on Wall Street if they had ever done business with Epstein. “Not one institutional trading desk, primary or secondary, had ever traded with Epstein’s firm,” Kass told the magazine.

Advertisement

Latest Bill Clinton News and Updates

    © Copyright 2023 The Inquisitr. The Inquisitr is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.