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Palm Beach Adult Entertainment: Is Convicted Sex Offender Jeff Epstein Running A Ponzi Scheme?

July 22nd, 2009 by adultpalmbeach

Palm Beach billionaire Jeffrey Epstein left the Palm Beach County jail just before dawn today, after serving 13 months of his 18-month sentence for soliciting prostitution.
There are still mysteries around the money manager’s sexual habits but perhaps not enough people are asking the question: is Epstein running a Ponzi scheme?
This 2002 New York magazine piece on Epstein raises several red flags. It tells us that Epstein got his start in finance when he was hired by Ace Greenberg to work at Bear Stearns.  A few years later, he launched his own money management firm, J. Epstein & Co. As with many private managers, his client list is kept secret, although there are rumors (and denials) that David Rockefeller and Linda Wachner had money with Epstein. His only confirmed client is Leslie Wexner, the founder of clothing chain The Limited. This kind of secrecy and exclusivity, viewed in the light of Bernie Madoff, is at the very least suspicious.

See the full article from “The Business Insider”

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