Sunday, January 26, 2020

Mysterious financial entanglement

"Billionaire businessman Leslie Wexner refuses to reveal full scope of Jeffrey Epstein’s alleged multimillion-dollar theft" (Remillard):
"But perhaps the most mysterious financial entanglement between Wexner and Epstein is scattered across thousands of pages of S.E.C. filings and other records identified by criminologist and ABC News contributor Tom Volscho and reviewed by financial investigative journalist and ABC News contributor Boyd.

Volscho and Boyd found nearly a dozen trusts -- with names like Health and Science Interests, Arts Interests and Community Interests -- connected to Wexner that listed Epstein as trustee and received large gifts of stock in Wexner’s company, The Limited. These trusts may help explain how Epstein’s wealth grew so quickly.

Records show that between 1991 and 2006, Epstein oversaw the sale, mostly through the New York Stock Exchange, of more than $1.3 billion of company stock held by these trusts, representing a vast pool of cash largely controlled by Epstein.

Much of the money was certainly used for charitable purposes, but according to Volscho and Boyd, a potential pattern appears to emerge, one in which Epstein liquidates large amount of stock on behalf of these trusts and then, shortly after, makes large purchases for himself, including homes, planes, even a private island."
Yep, that's how it's done. Wexner will be the beneficiary of these trusts, and will hoover up all the assets, leaving an empty shell for the victims to sue. Sorry, goyim!  Had Wexner given the money to Epstein, he would have no claim, and if he had loaned it, he would have to stand in line with other unsecured claimants, including the victims.

But (my emphasis in red):
"A pair of aspiring models have both publicly described disturbing encounters with Epstein, having being lured into a private meeting with him after he portrayed himself as a talent scout for Wexner’s flagship brand, Victoria’s Secret.

In an interview with ABC News, Alicia Arden said she met Epstein at a hotel in Santa Monica, California, in 1997, believing that Epstein could help get her photo in the Victoria’s Secret catalog. When she arrived at his hotel room, Arden said, Epstein groped her.

“He was putting his hands on my hips and my buttocks and saying, ‘Let me manhandle you,” Arden told ABC News. “So I got extremely terrified of that.”

Arden left the hotel room and later filed a report of sexual battery with the Santa Monica Police Department, one of the earliest known reports against Epstein for abusive behavior. The police, however, do not appear to have pursued the matter.

ABC News reached out to the Santa Monica Police Department about Arden’s case, but did not receive a response.

Elisabetta Tai told a similar story to New York Post last year. In 2004, she said, her booking agent set up a meeting with Epstein at his Upper East Side mansion, and she visited Epstein’s home under the impression that he was in “charge of Victoria’s Secret” and could get her into the company’s catalog.

While at Epstein’s home, Tai told the Post, Epstein stripped naked and handed her a vibrator. She threw it at his head, she said, and then left.

L Brands has since told Business Insider that it hired an outside law firm to review Epstein’s relationship with the company, but they do not believe he was ever an employee or authorized representative of the company.

But when ABC News reached out to L Brands, asking whether Epstein ever served as talent scout for Victoria’s Secret, the company did not respond to a request for comment."
I can see a good claim against Santa Monica - had the police not been bribed to fail to do their jobs, a lot of the attacks might have been averted - and a claim against Victoria’s Secret if they can show Epstein was its agent (which they probably can).  At the vary least, there was a sloppiness in allowing Wexner's interests to be mixed up with Epstein's.

"Who, exactly? Cindy McCain says ‘WE’ all knew about Epstein’s sex crimes":
"“Epstein was hiding in plain sight,” said Cindy McCain. “We all knew about him. We all knew what he was doing, but we had no one that was – no legal aspect that would go after him. They were afraid of him. For whatever reason, they were afraid of him.”"
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