❓WHAT HAPPENED: Newly reported documents have revealed Jeffrey Epstein’s extensive banking activities and transactions before his death.
👤WHO WAS INVOLVED: Jeffrey Epstein, several banks, hedge funds, and known associates, including the former Bill Clinton-era Treasury Secretary and Barack Obama-era National Economic Council Director Larry Summers.
📍WHEN & WHERE: Before Epstein’s death in 2019, involving banks and entities across the U.S. and Puerto Rico.
🎯IMPACT: The House Oversight Committee may issue subpoenas for bank records, potentially leading to further investigations.
Pedophile financier Jeffrey Epstein‘s banking and investment activities were more extensive than previously known, involving multiple banks and major transactions with hedge funds. The true extent of Epstein’s investment portfolio and banking ties was revealed after his estate provided Congress with a list of over 20 banks where he held accounts.
Among the banks were Wells Fargo, TD Bank, and FirstBank Puerto Rico. JPMorgan Chase and Deutsche Bank have already faced scrutiny and lawsuits due to their past associations with Epstein, although they claim to have severed ties in 2013 and 2018, respectively.
Documents reveal Epstein transferred significant sums, including $60 million to Honeycomb Partners and $13.5 million from a hedge fund led by Paul Tudor Jones. He also sold $15 million in shares to Blockchain Capital. These transactions occurred in the years leading up to his 2019 death, after his 2008 conviction for procuring a child for prostitution.
Epstein’s financial dealings involved a complex network of entities. Payments were made to known associates like Larry Summers, the former Bill Clinton-era Treasury Secretary and Barack Obama-era National Economic Council Director, who received $1,232.25 as a travel reimbursement.
The House Oversight Committee is expected to subpoena banks for further records, potentially uncovering more about Epstein’s financial network.
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