Reuters: Politics: What’s the big deal about adding a citizenship question to U.S. Census?

U.S. President Donald Trump is making a last-ditch push to add a citizenship question to the 2020 U.S. Census, despite a Supreme Court ruling against it last month and criticism by some states and civil liberties groups that the question is meant to deter immigrants from participating and help Republicans gain seats in the U.S. Congress.

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PORTLAND, Ore. – This week, the Oregon FBI’s Tech Tuesday segment continues looking at building a digital defense against travel troubles. Last week, we talked about how to avoid travel scams when planning your summer vacation.
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Was #JeffreyEpstein #launderingmoney for #RussianMob? – Google Search google.com/search?newwind… Posted by mikenov on Tuesday, July 9th, 2019 4:42pm mikenov on Twitter Michael Novakhov on Twitter from Michael_Novakhov (4 sites)
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#JeffreyEpstein was #moneylaundering for #russianmob – Google Search google.com/search?newwind… Posted by mikenov on Tuesday, July 9th, 2019 4:41pm mikenov on Twitter Michael Novakhov on Twitter from Michael_Novakhov (4 sites)
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Michael Novakhov – SharedNewsLinks℠: How Did Jeffrey Epstein Make His Fortune?


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Jeffrey Epstein in 2005.
Photo: Neil Rasmus/Patrick McMullan via Getty Image

Billionaire is a word that’s often thrown around when discussing Jeffrey Epstein, but unlike some of his other common modifiers — convicted sex offender, pedophile — there’s scant proof as to his financial bona fides. The bulk of Epstein’s wealth is believed to come from his money-management firm for ten-figure investors, although his only known client is Victoria’s Secret founder Les Wexner, who reportedly ditched Epstein over a decade ago.

After sex-trafficking charges were handed down on Monday, executive-suite financiers discussed how absent Epstein was from the field: “He’s supposed to run an enormous FX [foreign-exchange] trading firm,” said Enrique Diaz-Alvarez, chief risk officer at Ebury. “But I never once heard of him or his firm or anyone who worked or traded with him.” And as Forbes wrote in a 2010 blog with a very direct title — “Sex Offender Jeffrey Epstein Is Not a Billionaire” — his money-management firm based in the U.S. Virgin Islands “generates no public records, nor has his client list ever been released.”

According to a 2002 profile in New York — the one with the Trump quote — Epstein dropped out of Cooper Union and NYU’s Courant Institute of Mathematical Sciences before finding a job teaching calculus and physics at the Dalton School in the mid-1970s. Epstein was hired at the prestigious Manhattan college-prep institution by the father of Attorney General William Barr, and his students included the son of Bear Stearns chairman Alan Greenberg. In 1976, Epstein joined Bear as a floor trader’s assistant, making partner in a mere four years. By 1981, he was out, setting up the J. Epstein & Co. money-management business the next year. New York described his business strategy in 2002:

He would take total control of the billion dollars, charge a flat fee, and assume power of attorney to do whatever he thought was necessary to advance his client’s financial cause. And he remained true to the $1 billion entry fee. According to people who know him, if you were worth $700 million and felt the need for the services of Epstein and Co., you would receive a not-so-polite no-thank-you from Epstein.

In Vicky Ward’s recent process piece on her reporting of an Epstein profile for Vanity Fair in 2003, she lays out some of her thoughts on the matter of a possible benefactor. In addition to a claim from a Ponzi schemer that Epstein was kicked out of Bear Stearns in 1981 for “getting into trouble,” Ward suggests that Wexner may have helped bankroll the financier. Ward writes: “While Epstein’s friends speculated that retailer Les Wexner was the real source of Epstein’s wealth, Wexner (who called him ‘my friend Jeffrey’) never commented on this, though he did send me an email praising Epstein’s ‘ability to see patterns in politics and financial markets.’”

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Not really. According to his lawyers, around the time of his notorious plea deal in Florida in 2008, Epstein’s net worth was over nine figures. The figure was “a bone of contention with Epstein’s lawyers,” Spencer Kuvin, an attorney representing three of Epstein’s alleged victims, told the Palm Beach Post in 2008. “In the litigation itself we were never able to get him to produce verified financial information. The ‘nine figures’ came by negotiation. It kept going up and up and up. They started at zero — they wouldn’t tell us at all.”

As Bloomberg states, “Today, so little is known about Epstein’s current business or clients that the only things that can be valued with any certainty are his properties.” According to a document submitted in advance of Epstein’s bail hearing, his Manhattan townhouse is estimated to be worth around $77 million. Then there are the properties in New Mexico, Paris, the U.S. Virgin Islands, his private jet, a fleet of 15 cars, and a Palm Beach compound estimated at $12 million.

But even the real-estate holdings have an air of mystery to them. Epstein purchased, or received, the Manhattan townhouse from Wexner around 1998. But there were no property records on the mansion’s transfer until 2011, when the company Wexner used to buy the place transferred it to an Epstein-owned company for $0. Epstein signed the document for both sides.

Because so little is known about Epstein’s wealth and his ambiguous-to-the-point-of-suspicious Financial Trust Company, pretty much any revelation would help shed light on the financial black hole. But because the Southern District of New York’s Public Corruption Unit is handling the case, the likelihood of a financial or tax-related charge is much higher than if another arm of the mother court were in charge. Gene Rossi, a trial analyst for Law & Crime, suggested that the PCU could provide more flexibility on charges, including money laundering, corruption, or tax-related crimes: “The sky’s the limit.”

This post has been updated to reflect that the picture of Jeffrey Epstein was taken in 2005, not 2003.

Michael Novakhov – SharedNewsLinks℠

1. New York and Brooklyn from Michael_Novakhov (111 sites): Brooklyn Paper: Full articles: Cuomo opens first portion of Shirley Chisholm State Park in East New York

See this story at BrooklynPaper.com.

By Kevin Duggan

Brooklyn Paper

State and federal politicians celebrated the partial opening of a sprawling, but stripped-down version of a state park announced last year honoring the country’s first black congresswoman in East New York on July 2.

The state invested $20 million to fund the first portion of Shirley Chisholm State Park — located on 407-acres of former landfill off Pennsylvania Avenue south of Starrett City — which offers 10 miles of marked hiking and biking trails, a bayside pier for picnicking and fishing along Pennsylvania Avenue, as well as water access and a colorful mural of the trailblazing legislator by Brooklyn artist Danielle Mastrion, according to the Governor’s office.

Officials claimed last year the state would solicit input from the public on the park’s second design phase this fall, with ambitious proposals including a connector bridge or cable car over the water separating the park’s two halves between the Pennsylvania Avenue and Fountain Avenue sites, along with an environmental education center, lawn patios, and an amphitheater for live events.

Since then, state parks officials have scaled back plans for the second phase, replacing the amphitheater with lawn patios — including one large enough to accommodate 200 people and host community gatherings or performances — the environmental center with pop-up education facilities, and axing plans for a connecting bridge or cable car between the two landmasses, spokesman Brian Nearing told this paper via an emailed statement.

Further design elements could still be included in future phases, if state lawmakers agree to provide additional funding during next year’s budget negotiations, according to Nearing.

“Additional design elements will be contemplated in the subsequent phase once a budget is identified,” he said.

The park is part of Cuomo’s $1.4 billion health initiative “Vital Brooklyn,” which aims to improve the quality of life for residents in some of the borough’s lower-income neighborhoods by opening nearby green spaces and playgrounds.

Cuomo dedicated the park to Chisholm, who won her seat in Congress in 1968, ran for president four years later, and fought for the health and well-being of her most disadvantaged constituents throughout her time in office, according to Cuomo.

“Shirley Chisholm fought to improve the health and wellness of underserved communities, a legacy we are carrying on through the Vital Brooklyn Initiative, so we are proud to dedicate this park in memory of her leadership and accomplishments,” he said.

Cuomo boasted that the new public green space is the largest state park in all five boroughs, but Brooklyn’s largest will remain the city-owned Marine Park, at 530 acres, followed closely by Prospect Park at 526 acres.

The new park is also one of only two state parks in the borough, along with Williamsburg’s East River State Park.

Two city leaders are planning to erect their own memorials to honor the lawmaker in the borough, including one sculpture planned for Prospect Park’s Parkside Avenue entrance by First Lady Charlene McCray and a statue in Brower Park in Crown Heights by local councilman Robert Cornegy Jr.

Reach reporter Kevin Duggan at (718) 260–2511 or by e-mail at kduggan@cnglocal.com. Follow him on Twitter @kduggan16.

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1. New York and Brooklyn from Michael_Novakhov (111 sites)

1. New York and Brooklyn from Michael_Novakhov (111 sites): Brooklyn Eagle: OPINION: When developers call upzoning a public benefit, check their bottom line

The real estate company Rabsky Development, in partnership with the consultancy group Totem, has very big plans for a 1.73-acre lot in Downtown Brooklyn: a hybrid office/apartment building far bulkier, if not taller, than the Chrysler Building.

That site, 625 Fulton St., is one block east of Flatbush Avenue and just up the street from the BAM Harvey Theater and BRIC.

“A first look at what could become one of Brooklyn’s tallest buildings,” is how the Brooklyn Eagle headlined coverage of a recent presentation before Community Board 2. But Rabsky has proposed not merely a 942-foot tower (79 stories); it seeks city permission to double the available square footage. With nearly 1.6 million square feet, it would cover far more of the lot than currently allowed.

“This project will bring exciting benefits to Brooklyn,” a developer’s representative claimed, citing “commercial space that encourages entrepreneurship, a much-needed school, new indoor and outdoor open spaces and space for the local arts community.” Plans for affordable housing and corporate-friendly floor design are said to justify the requested upzoning.

Under current zoning, the developers could build a slim, 821-foot apartment tower, with a plaza and surface parking lot. From Draft Scope of Work for an Environmental Impact Statement
Under current zoning, the developers could build a slim, 821-foot apartment tower, with a plaza and surface parking lot. Images via Rabsky Development’s draft scope of work

Unmentioned, though, is the significant private benefit Rabsky seeks, an increase in buildable square footage worth, by my estimate, well over $100 million. No wonder they’re paying at least $1,125 an hour to have attorney David Karnovsky, former general counsel to the Department of City Planning, lobby for the project.

Assessing the value created for Rabsky — or any developer asking for such a dramatic upzoning — should become a central point in the land use process, better informing communities and lawmakers facing such proposals.

Seeking FAR-reaching gains

To decipher the Rabsky strategy, consider the acronym FAR, for floor area ratio. It’s the amount of square footage calculated as a multiple of the underlying lot. Rabsky’s proposed building would have an FAR of 21.

That’s well above the standard set in the 2004 Downtown Brooklyn rezoning, an FAR of 10, which can become 12 thanks to a bonus from a public plaza or affordable housing. It’s also well more than what the city allowed last year for the two-tower 80 Flatbush project nearby, with an FAR of 15.75. The upzoning there gained favor because two schools and affordable housing were included.

In fact, if built without a plaza bonus, 625 Fulton would actually have an FAR of just 8.57, according to the draft scope of work for the project’s environmental impact statement. The adjacent residential tower, 36-story 80 DeKalb — bulkier than allowed on the underlying lot, less than one-third of an acre — had to use development rights from a parcel that Rabsky later bought.

If the developers get an upzoning, they’d build a 942-foot hybrid building, the lower segment mostly office space, and the rest for apartments. From Draft Scope of Work for an Environmental Impact Statement
If the developers get an upzoning, they’d build a 942-foot hybrid building, the lower segment mostly office space, and the rest for apartments. Image via Rabsky Development’s draft scope of work

Thanks to some maneuvering, the plaza bonus — which, like the upzoning, would apply to the lot encompassing the entire “Project Area,” including 80 DeKalb — would boost the new building’s FAR above 10.

The doubling in bulk is key to the developer’s bottom line. “Look, there’s only two legal ways to create money in the United States,” architect Vishaan Chakrabarti told Curbed in 2017, “the Federal Reserve and an upzoning. So free FAR is worth its weight in gold.”

Doing the math

How much is that 625 Fulton upzoning worth? Well, Rabsky paid increasingly higher prices for land, a total of $226 million. Simple math — and it gets more complex — suggests that, if Rabsky can double available square footage, that’s adding space worth some $226 million.

How did Rabsky spend that sum? In October 2015, Rabsky agreed to buy the main 625 Fulton site, known as Ten MetroTech, from Forest City Enterprises, for $158 million. Under current zoning, the price was about $255 per buildable square foot, the seller said. Rabsky then planned a 36-story office tower, about 618,000 square feet, according to the Real Deal.

(Unmentioned at the time: Forest City, which also owned 80 DeKalb, agreed just before the sale closed — presumably in coordination with Rabsky — that any future upzoning to the entire “Project Area,” including that apartment tower, would shift square footage only to the Rabsky property.)

First look at Rabsky Group’s 79-story Brooklyn mixed-use tower planned for 625 Fulton St. Rendering courtesy of Skidmore Owings & Merrill

Rabksy’s ambitions increased. In May 2017, it paid $68 million for a far smaller adjacent property, the modest three-story building with Dollar Deal on the ground floor. The two properties together would enable a tower containing some 770,000 square feet, the Real Deal reported.

But it made no sense for Rabsky to pay nearly $450 per additional buildable square foot (and push the overall price per square foot toward $290) unless they had bigger plans. That latest transaction was over market. After all, more than a year later, Ariel Property Advisors’ Sean R. Kelly observed (in the Commercial Observer) that “pricing for development sites in Downtown Brooklyn has increased to between $300 and $400 per buildable square foot.”

The value of upzoning: the equivalent of a new building

Without upzoning, the developers could still build a narrow, tall tower, 78 stories and 821 feet, with 889 market-rate apartments, ground-floor retail and a plaza, according to the draft scope.

Surely that’s not why Rabsky partnered with Totem, run by former Downtown Brooklyn Partnership President Tucker Reed, and hired attorney Karnovsky.

Their plan for an upzoned 625 Fulton tower would essentially stack a large apartment building — 902 units, with up to 25 percent of them affordable — on a new large office building. That’s before adding retail space, below-grade parking and space for a 640-seat elementary school. (While no documents specify the school plans, often a developer provides the “core and shell,” before the school is built out by the School Construction Authority.)

The rezoning would approximately double the square footage, to 1.83 million gross square feet and 1.56 million zoning square feet (which eliminates below-ground and other space).

A visualization of the proposed changes. Images via Rabsky Development’s draft scope of work

Simplified, they not only want to build an apartment tower, albeit with affordable units, similar to the one they could already build with that plaza bonus. They also want the public to supply a free building site — or, in this case, square footage — for a major office tower right under it.

Consider alternative math, using Kelly’s suggested valuation range. With 725,082 more zoning square feet (not counting school space), the rezoning might be worth $217.5 million, at $300/square foot, or $290 million, at $400/square foot.

All told, the rezoning as proposed by Rabsky cuts the price per buildable square foot (not counting school space) down to about $152 — a discount well below market value.

Of course, there are caveats. Office space typically isn’t as valuable as space for market-rate housing. Nor is space for affordable housing, though it should gain tax breaks and cheap financing. Hence my more cautious estimate of “well over $100 million.”

The public deserves technical assistance, perhaps from an unbiased entity like the New York City Independent Budget Office, to assess the true value of such rezonings. The discourse around developments like this one too often focuses only on height and proposed public benefits — and, of course, neighborhood impacts.

How much demand for office space?

The upzoning is justified, according to the draft scope, because it “would facilitate large-floorplate commercial office space in Downtown Brooklyn,” which offers the borough’s best transit. Karnovsky spoke similarly, according to the Eagle. That deserves consideration. Then again, Amazon, in seeking a new campus, ignored 625 Fulton and Downtown Brooklyn to choose, at least temporarily, Long Island City.

Such large floor plates in new buildings that are wide rather than narrow, such as in Williamsburg, have not attracted major companies as anchor tenants. “It’s no secret there are a number of major commercial buildings being built for the most part on spec, here in Brooklyn,” developer Jeffrey Levine said at a real estate panel in May, lamenting the lack of uptake.

Rabsky Group’s proposed 79-story tower at 625 Fulton St. would include a school and community spaces for cultural events. Shown: The school would have an entrance on Rockwell Place. Rendering courtesy of Skidmore Owings & Merrill
Rabsky Group’s proposed 79-story tower at 625 Fulton St. would include a school and community spaces for cultural events. Shown: The school would have an entrance on Rockwell Place. Rendering courtesy of Skidmore Owings & Merrill

In Downtown Brooklyn, curiously enough, developers of the 570 Fulton project across the street proclaim the opposite tactic: “The office floor plates in the project are designed to be smaller than those of other office buildings in Downtown Brooklyn — more appropriately sized for local, boutique businesses that want to remain in Brooklyn.”

Going forward

It’s likely 625 Fulton has been proposed as far larger than the developers need to earn their desired profit. After all, when the site was offered in the city/state bid for that Amazon campus, it was said to include 1.33 million square feet, some 15 percent less bulky.

If that’s a fallback figure for Rabsky and Totem — after all, developers typically position projects for a future “compromise” regarding bulk and/or affordability — the math still seems good for them.

The value of that additional bulk should be considered, as the rezoning moves toward the city’s land use process, known as Uniform Land Use Review Procedure, or ULURP. (That requires public hearings, an advisory vote by the local community board, and votes by the City Planning Commission and the City Council.)

Meanwhile, the developers and their high-paid consultants deserve skepticism when framing new FAR as a gift to — rather than from — the public.

Brooklyn journalist Norman Oder writes the Atlantic Yards/Pacific Park Report, a watchdog blog, and is working on a book about the project.

The post OPINION: When developers call upzoning a public benefit, check their bottom line appeared first on Brooklyn Eagle.

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11:24 AM 7/9/2019News: 07-09-2019 9AM ET

» realDonaldTrump on Twitter: RT @RepMarkMeadows: This was amazing news from over the weekend — 224,000 jobs created in June, blowing away expectations of 160,000 jobs!…
09/07/19 10:38 from Trump Investigations from Michael_Novakhov (32 sites)
This was amazing news from over the weekend — 224,000 jobs created in June, blowing away expectations of 160,000 jobs! That’s over 6 million jobs created since @realDonaldTrump’s election 2 1/2 years ago. The American worker has been uns…

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Michael Novakhov – SharedNewsLinks℠: 8:36 AM 7/9/2019 – Jeffrey Epstein – Tom Barrack – Paul Manafort – Elliott Broidy – The Corrupt Wing… | Trump and Trumpism – Review Of News And Opinions


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Billionaire Jeffrey Epstein arrested, accused of sex trafficking minors

8:36 AM 7/9/2019The lead chain at this point is: Jeffrey Epstein – Tom Barrack – Paul Manafort – Elliott Broidy – The Corrupt Wing of the Republican Party, the Trumpistas – Big Pro-Republican Money – Hypothetical New Abwehr.

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8:22 AM 7/9/2019 – The lead chain at this point is: Jeffrey Epstein – Tom Barrack – Paul Manafort – Elliott Broidy – The Corrupt Wing of the Republican Party, the Trumpistas – Big Pro-Republican Money – Hypothetical New Abwehr.
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8:22 AM 7/9/2019 – The lead chain at this point is: Jeffrey Epstein – Tom Barrack – Paul Manafort – Elliott Broidy – The Corrupt Wing of the Republican Party, the Trumpistas – Big Pro-Republican Money – Hypothetical New Abwehr.

Michael_Novakhov shared this story from The Trump Investigations Blog by Michael Novakhov – Review Of News And Opinions.

8:22 AM 7/9/2019 – The lead chain at this point is: Jeffrey Epstein – Tom Barrack – Paul Manafort – Elliott Broidy – The Corrupt Wing of the Republican Party, the Trumpistas – Big Pro-Republican Money – Hypothetical New Abwehr. 


M.N.: I think humbly, that there might be a connection between Jeffrey Epstein and his sudden arrival from Paris and his arrest, and Chris Cline, and his demise with his daughter, their friends, and the pilot, in the helicopter crash just several hours earlier. 

Both of them owned their private islands in the Caribbean and most likely knew each other, and knew each other well. Chris Cline might have felt that Jeffrey Epstein’s reputation and presence are insulting to him and his standing, and he might have been behind the investigations of Epstein and their publication. 

Who is behind Epstein is an interesting question with the counterintelligence aspects in it, just as the Jeffrey Epstein’s personality, life, and the lifestyle. 

Me thinks, humbly again but very, very seriously, that this helicopter crash has to be investigated very thoroughly and meticulously, by the FBI, CIA, CI, MI6, and the other related partner services, and while the traces and leads are still hot, ASAP. 

The private intelligence group, possibly Israeli, might be behind the accident; hypothetically. 

If this hypothesis is correct, it changes the perspectives, the balance of forces, the leverage system; and might become the decisive turning point. 

The lead chain at this point is: Jeffrey Epstein – Tom Barrack – Paul Manafort – Elliott Broidy – The Corrupt Wing of the Republican Party, the Trumpistas – Big Pro-Republican Money – Hypothetical New Abwehr. 

Michael Novakhov 

8:22 AM 7/9/2019

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Christine Pelosi warns it’s ‘quite likely that some of our faves are implicated’ in ‘horrific’ Epstein case | Fox News
Michael_Novakhov shared this story .

Christine Pelosi, a Democratic National Committee official and daughter of House Speaker Nancy Pelosi, warned conspicuously on Saturday evening that it is “quite likely that some of our faves are implicated” in the “horrific” sex-trafficking case against politically connected financier Jeffrey Epstein.

Christine Pelosi warns it’s ‘quite likely that some of our faves are implicated’ in ‘horrific’ Epstein case | Fox News

Michael_Novakhov shared this story .

Christine Pelosi, a Democratic National Committee official and daughter of House Speaker Nancy Pelosi, warned conspicuously on Saturday evening that it is “quite likely that some of our faves are implicated” in the “horrific” sex-trafficking case against politically connected financier Jeffrey Epstein.

Epstein is due in court following his sudden arrest Saturday in New York on new sex-trafficking charges involving allegations dating to the early 2000s, according to law enforcement officials. He has been accused of paying underage girls for massages and sexually abusing them at his mansion in Palm Beach, Fla., and in New York City. His 72-acre private estate on the Virgin Islands, a home said to be nicknamed “Orgy Island,” also has been under scrutiny.

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Michael Novakhov – SharedNewsLinks℠: Christine Pelosi warns it’s ‘quite likely that some of our faves are implicated’ in ‘horrific’ Epstein case | Fox News


Michael_Novakhov
shared this story
.

Christine Pelosi, a Democratic National Committee official and daughter of House Speaker Nancy Pelosi, warned conspicuously on Saturday evening that it is “quite likely that some of our faves are implicated” in the “horrific” sex-trafficking case against politically connected financier Jeffrey Epstein.

Epstein is due in court following his sudden arrest Saturday in New York on new sex-trafficking charges involving allegations dating to the early 2000s, according to law enforcement officials. He has been accused of paying underage girls for massages and sexually abusing them at his mansion in Palm Beach, Fla., and in New York City. His 72-acre private estate on the Virgin Islands, a home said to be nicknamed “Orgy Island,” also has been under scrutiny.

“This Epstein case is horrific and the young women deserve justice,” Pelosi tweeted. “It is quite likely that some of our faves are implicated but we must follow the facts and let the chips fall where they may – whether on Republicans or Democrats.”

It was unclear exactly to whom Pelosi was referring, but Epstein has long been connected with high-profile figures, including Britain’s Prince Andrew and former President Bill Clinton. Court documents obtained by Fox News in 2016 showed that Clinton took at least 26 trips flying aboard Epstein’s private jet, known as the “Lolita Express,” and apparently ditched his Secret Service detail on some of the excursions. Records showed that President Trump may have flown on the jet at least once.

The president previously called attention to Clinton’s dealings with the financier.

“Nice guy — uh, got a lot of problems coming up, in my opinion, with the famous island, with Jeffrey Epstein,” Trump told Fox News’ Sean Hannity in 2015, referring to Clinton’s connections with Epstein. “A lot of problems.”

Meanwhile, Trump biographer Tim O’Brien this weekend reposted an excerpt fom a 2002 profile of Epstein in New York Magazine, in which Trump told a reporter, “I’ve known Jeff for fifteen years. Terrific guy. He’s a lot of fun to be with. It is even said that he likes beautiful women as much as I do, and many of them are on the younger side.”

However, Trump’s legal team more recently has denied the two were friends.

Trump banned Epstein from his Mar-a-Lago estate “because Epstein sexually assaulted an underage girl at the club,” according to court documents filed by Bradley Edwards, the lawyer who has represented several Epstein accusers. That claim has not been confirmed by Trump or Mar-a-Lago.

EPSTEIN ONCE CLAIMED HE CO-FOUNDED THE CLINTON FOUNDATION

Miami Herald investigative reporter Julie K. Brown said following Epstein’s arrest that Trump and Epstein “went to dinner parties at each other’s houses, Trump was also on his plane. Probably not as much as a lot of other people because, you know, Trump had his own plane.”

Epstein was being held at the Metropolitan Correctional Center in Manhattan, according to the Federal Bureau of Prisons website. The wealthy hedge fund manager is slated to appear Monday in Manhattan federal court.

Flight logs showed Clinton flew on Epstein’s private jet dozens of times. (File)

Epstein’s arrest, first reported by The Daily Beast, came amid renewed scrutiny of the once-secret 2008 plea deal that ended the federal investigation against him.

He ultimately served 13 months in jail and registered as a sex offender after pleading guilty to two lesser state prostitution charges, with one involving a girl whom prosecutors called a prostitute — even though she was only 14 years old.

Epstein had faced a possible life sentence prior to that plea deal, which has been challenged in Florida federal court. The deal also required he reach financial settlements with dozens of his once-teenage victims and register as a sex offender.

CUSHY PLEA BARGAIN WITH EPSTEIN WAS SO BAD IT BROKE THE LAW, JUDGE RULES

Epstein’s deal was overseen by former Miami U.S. Attorney Alexander Acosta, who is now Trump’s labor secretary. Acosta has defended the plea deal as appropriate under the circumstances, though the White House said in February that it was “looking into” his handling of the arrangement.

Epstein’s Boeing 727 was known as the “Lolita Express.” (John Coates, airport-data.com)

“This matter has been publicly addressed previously, including during confirmation hearings,” a Labor Department spokesperson told Fox News. “The U.S. Attorney’s Office for the Southern District of Florida has defended the actions in this case across three administrations.”

U.S. District Judge Kenneth Marra of Florida ruled earlier this year that Epstein’s victims should have been consulted under federal law about the deal, and he was weighing whether to invalidate the non-prosecution agreement, or NPA, that protected Epstein from federal charges.

It was not immediately clear whether the cases involved the same accusers since nearly all have remained anonymous.

WHAT WERE THE DETAILS OF THE ORIGINAL EPSTEIN PLEA AGREEMENT?

Federal prosecutors recently filed court papers in the Florida case contending Epstein’s deal must stand.

“The past cannot be undone; the government committed itself to the NPA, and the parties have not disputed that Epstein complied with its provisions,” prosecutors wrote in the filing.

They acknowledged, however, that the failure to consult accusers “fell short of the government’s dedication to serve victims to the best of its ability” and that prosecutors “should have communicated with the victims in a straightforward and transparent way.”

Epstein’s private getaway has been dubbed “Orgy Island.” (Google Earth)

The accusers in the Florida case have until Monday to respond to the Justice Department’s filing.

Investigators said at least 40 underage girls were brought into Epstein’s Palm Beach mansion for what turned into sexual encounters after fixers looked for suitable girls locally and in Eastern Europe and other parts of the world, according to court records in Florida.

In addition, some girls allegedly were brought to Epstein’s homes in New York City, New Mexico and a private Caribbean island, according to court documents.

Saturday’s arrest also came just days after a federal appeals court in New York ordered the unsealing of nearly 2,000 pages of records in a since-settled defamation case involving Epstein.

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Nebraska GOP Sen. Ben Sasse released a statement Saturday calling for Epstein to be held without bail pending trial.

“This monster received a pathetically soft sentence last time and his victims deserve nothing less than justice,” Sasse said in the statement. “Justice doesn’t depend on the size of your bank account.”

The Associated Press contributed to this report.

Michael Novakhov – SharedNewsLinks℠

Michael Novakhov – SharedNewsLinks℠: How Much Is Jeffrey Epstein Worth? How Did He Make His Money?


Michael_Novakhov
shared this story
.

In a neighborhood of millionaires and billionaires, close to New York’s famous Museum Mile, two initials discreetly adorn the entrance of one of the city’s most opulent mansions: J.E.

The letters stand for Jeffrey Epstein, the self-described “collector’’ of rich and powerful men, who has been accused of sexually assaulting girls inside the luxurious Manhattan home.

Epstein’s home in Manhattan.

Photographer: Amanda Gordon/Bloomberg

On Monday, as federal prosecutors unsealed new charges claiming Epstein ran a sex-trafficking ring that lured dozens of young women to the house, its heavy wood doors bore crowbar marks — evidence of how authorities forced their way in over the sultry Fourth of July weekend. Prosecutors say they discovered hundreds, possibly thousands of suggestive photographs, including those of what appeared to be underage girls.

The latest turn in the long, lurid saga of Jeff Epstein comes more than a decade after a secretive plea deal enabled him to avoid similar charges in Florida. Now, familiar questions are swirling again about his possible links to a Who’s Who of prominent political and business figures.

For all his infamy, there are scant details of how he made his money. While he’s frequently been called a billionaire, his net worth is hard to ascertain. He ran a money management firm catering to the ultra-rich, primarily for Victoria’s Secret mogul Les Wexner, but its assets were never made public and few on Wall Street have dealt with him as a financier or money manager.

According to his lawyers more than a decade ago, he had a net worth in excess of nine figures. Today, so little is known about Epstein’s current business or clients that the only things that can be valued with any certainty are his properties. The Manhattan mansion is estimated to be worth at least $77 million, according to a federal document submitted in advance of Epstein’s bail hearing.

He also has properties in New Mexico, Paris and the U.S. Virgin Islands, where he has a private island, and a Palm Beach estate with an assessed value of more than $12 million. He shuttles between them by private jet and has at least 15 cars, including seven Chevrolet Suburbans, according to federal authorities.

Epstein’s early career is better documented. Born in 1953 and raised in Brooklyn, Epstein attended Cooper Union and NYU’s Courant Institute but left both without a degree. He landed a gig teaching calculus and physics at Manhattan’s exclusive Dalton School between 1973 and 1975, according to a 2002 New York magazine profile, where his students included the son of Bear Stearns Chairman Alan Greenberg.

He joined Bear Stearns in 1976 as a lowly junior assistant to a floor trader. In a swift rise, trading options, he made partner four years later, with former Chief Executive Officer Jimmy Cayne praising his skills. He left in 1981 to set up J. Epstein & Co., but one bank executive said he remained close to Cayne and Greenberg and was a client until Bear Stearns’ demise.

Epstein’s money management business had an exclusive focus: It would serve only billionaires. Epstein reportedly made all the investment calls.

Les Wexner

Photographer: Astrid Stawiarz/Getty Images

Since the 1990s, the company has been incorporated in the U.S. Virgin Islands and is now called Financial Trust Co. A person answering the phone at the Saint Thomas-based company hung up after a request for comment was made.

The main client was Wexner, the founder of underwear maker L Brands. Epstein started managing his money in the 1980s and a 2003 Vanity Fair profile noted the pair had a close relationship, close enough for Epstein to acquire the Manhattan mansion from Wexner.

It’s unclear how much Epstein paid and when he actually took ownership.

Wexner had purchased the property from the Birch Wathen School, a Manhattan prep school in 1989, according to city records. He sold it in 1998 to a Virgin Islands entity called NES LLC, according to a person familiar with the matter. Epstein is affiliated with NES, public records show.

There are no New York property records documenting a transfer until 2011, when the company that Wexner used to purchase the townhouse transferred it to Epstein’s Virgin Islands-based Maple Inc. for $0. Epstein signed for both sides of the transaction.

“People have said it’s like we have one brain between two of us: each has a side,” Epstein said in the 2003 profile.

Wexner, who has a $6.7 billion fortune on the Bloomberg Billionaires Index, declined to comment. He cut ties with Epstein more than a decade ago as suspicions about Epstein swirled, with alleged victims saying Epstein used his employees to bring local teen girls to his Florida mansion for sex and paid them to recruit new victims. The girls were as young as 13-years-old.

Epstein’s front door in Manhattan. 

Photographer: Amanda Gordon/Bloomberg

None of Epstein’s other clients have been identified. But while his money management firm remains a black box, the same can’t be said of Epstein himself.

Even before the weekend, the non-prosecution deal he cut in 2008 has come under growing criticism in recent months, with critics calling for Labor Secretary Alexander Acosta, who was the lead prosecutor in the case, to resign since the Miami Herald revisited the case and the plea deal in a November report.

Today, lurid details were splashed across the media as prosecutors detailed the alleged crimes that occurred at Epstein’s homes in Manhattan and Palm Beach, Florida, from 2002 to 2005 involving minors as young as 14 and accused Epstein of “creating a vast network of victims.”

Epstein paid victims hundreds of dollars in cash after sex acts, prosecutors said. They were initially recruited to give Epstein massages, which became increasingly sexual in nature. At least three of Epstein’s employees were involved in recruiting and scheduling minors for sexual encounters with him, as well as other unspecified “associates,” the U.S. said. One was based in New York, while two other assistants based at his mansion in Palm Beach were responsible for scheduling the encounters there and escorting victims to a room in the house, according to the indictment.

Prosecutors are attempting to seize the Manhattan townhouse through forfeiture proceedings, on the grounds that his spacious property was used for the sex trafficking. The townhouse was built in 1932 for Herbert Straus, whose parents owned R.H. Macy & Co. and is said to be one of the largest in Manhattan.

Epstein’s future address could be far less comfortable. The charges he faces carry a maximum 45 year prison term.

— With assistance by Amanda L Gordon, and Yalman Onaran

(Updates with details on house ownership in 14th paragraph.)

Michael Novakhov – SharedNewsLinks℠