Jeffrey Epstein wasn't even a competent investor: report

[Judi Lynn]

Published 2 hours ago on July 17, 2019 By Matthew Chapman

There can be no doubt that high-powered hedge fund manager Jeffrey Epstein would rather the public know him for his prominence and success as an investor than for the allegations of child sex trafficking, for which he has now been indicted and faces life in prison. And there has for years been mystique surrounding Epstein’s business — his wealth fund is so exclusive that it reportedly requires a billion dollars up front from clients.

But according to the Dow Jones’ periodical Barron’s, Epstein may not even be good at that.

Barron’s looked at the tax returns of one of Epstein’s foundation, which generated investment income for its charitable causes through day-trading and flipping of initial public offerings, and found that the foundation enjoyed a return of only 14 percent in the 21-month period they looked at. To put that in perspective, the stock market itself rose 34 percent in that time.

Questions have swirled about Epstein’s finances, including how exactly he makes his money and whether he is even really a billionaire. Regardless, it seems likely that much of whatever fortune he does have will be stripped away by prosecutors, victims, and his own defense lawyers.

https://www.rawstory.com/2019/07/jeffrey-epstein-wasnt-even-a-competent-investor-report/?utm_source=push_notifications

(Short article, no more at link.)

[Loki Liesmith]

1. This is true of many investment fund managers

It’s almost impossible to beat the market.

[silentEcho]

2. He didn't buy the mansion in NY.

Epstein also obtained his Manhattan residence — a seven-story, 21,000-square-foot mansion that’s been called one of the city’s largest private homes — through Wexner, who purchased the property in 1989 for $13.2 million, furnished it lavishly, and yet “never spent more than two months there,” according to a 1996 interview Epstein gave to the New York Times.

At the time, Epstein told the paper that the home was his, though property records show that the deed wasn’t officially transferred until December 2011. Records also indicate that no money was exchanged in the transaction, which transferred ownership of the property to Maple Inc., a Virgin Islands-based trust controlled by Epstein. There were rumors that Epstein purchased the mansion from Wexner for just one dollar.

https://www.vox.com/the-goods/2019/7/10/20689134/jeffrey-epstein-les-wexner-l-brands-victoria-secret-limited

[MFM008]

3. Know what I think

Pure opinion.
He made ALOT of his money through BLACKMAIL.
Thats why he wont talk about it.

[lunatica]

5. I'm sure you're right

It would require a degree of ethical behavior to provide the rich and famous with underage girls for sex and not blackmail them too. You can’t be a sleaze ball pervert AND an upright ethical person at the same time. It’s just not possible. It’s like you’re a liar or you aren’t. It’s not possible to be both.

[DeminPennswoods]

7. That's what I think also

If he had the goods on the super rich, he could be taking a little off each one to sustain his a lavish lifestyle. Getting the largest private home in NYC for a nominal price or living there rent free is a great example.

[uponit7771]

9. +1, Epstein, "...that girl you were with last night Donald, she wasn't 19 (smirk).."

[struggle4progress]

4. "If you like young girls and can put a billion up front, talk to me about investing!"

[Hugin]

6. It would be difficult to screw up with people handing you a billion Dollars.

Not for King Shat Midas Trump, but, for anybody else.

I doubt Epstein's funds are little more than an obfuscated offshore scam.

[blogslut]

8. Here's the Barron's article

https://www.barrons.com/articles/jeffrey-epstein-was-no-market-wizard-his-returns-lagged-behind-the-market-51563381839

[Nay]

10. He calls himself an 'investor' for tax/IRS purposes -- you gotta call yourself something.

His real jobs are as a "sex slaver" and "blackmailer."