The independent review, conducted by law firm Dechert LLP, found Black was not involved in any way with Epstein’s criminal activities. Black paid Epstein $158 million for advice on tax and estate planning and related services between 2012 and 2017, according to the review.
Black, 69, said that although the review confirmed he did not engage in any wrongdoing, he “deeply” regretted his involvement with Epstein.
I'd be curious if he ever was found to be part of the Panama Papers investigation.
That's a huge amount to pay for financial advice. There is the possibility he was being blackmailed by Epstein & Co.
According to the article, it was 5% of the after-tax savings based on the advice.
One of the reasons Epstien got away with it for so long was because he really could make people money.
That would depend on whether his 2008 case was public knowledge.But this is exactly the kind of thing I'm talking about, where it seems like now it's fair game to "speculate" that anyone who ever had lunch with Jeffrey Epstein must've known about or been involved in or was being blackmailed by his prostitution racket.
Yet again, whether or not Black's a pedophile or attended Epstein's parties is neither here nor there. This report that supposedly exonerates him admits thatEpstein won Black’s trust by resolving an estate tax issue for him in 2012 potentially worth at least $500 million, the report said. He ended up advising Black on various aspects of his personal financial affairs, from his family office and airplane to his yacht and artwork.
Black believed that Epstein provided advice over the years that conferred between $1 billion and $2 billion in value to him, according to the Dechert report. Black said in his note to investors that he had paid Epstein a fee equivalent to 5% of the value he generated on an after-tax basis, and not tied to hourly rates.
Black and Epstein’s relationship deteriorated after Epstein failed to repay $20 million of the loans and Black refused to pay tens of millions of dollars in fees that Epstein demanded, according to the Dechert report.
They severed ties in October 2018, according to the report. Black knew Epstein had been convicted in Florida a decade earlier for soliciting prostitution from a minor, the Dechert report said, but there was no evidence suggesting Black had knowledge of the other alleged crimes before they were publicly reported in late 2018, culminating in Epstein’s July 2019 arrest.
but clearly he didn't see this as any sort of reason not to form a close, lasting, and mutually profitable business relationship in which he trusted Epstein to manage huge sums for him.Black knew Epstein had been convicted in Florida a decade earlier for soliciting prostitution from a minor, the Dechert report said,
They all knew, but no one thought it mattered.“I’ve known Jeff for fifteen years. Terrific guy,” Trump told New York Magazine [in 2002] for a story headlined “Jeffrey Epstein: International Moneyman of Mystery.” “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. No doubt about it — Jeffrey enjoys his social life.”
Just realize that, even being used to it, doesn't mean thinking its right or proper... its appalling.Ghislaine Maxwell is “withering to a shell of her former self” in a New York jail and has been “physically abused” by one of her guards, her lawyer claimed last night.In a letter to the judgewww.thetimes.co.uk
Evernote link because paywall
The conditions in which she's being held -- on remand, not yet having been convicted of anything -- sound oppressive and vindictive in the extreme.
It's what you're used to, I suppose. I'm horrified and ashamed at the state of British prisons, and the conditions in which vulnerable inmates are held, but the sort of treatment described in the article would be completely illegal here.