ALMONDS FUCKING COOKING
The Financial crisis 2007-2008
EPSTEIN WAS CHARGED AT THAT TIME ALSO AND LET OFF WITH A CRAPPY SENTENCE
In June 2008, after Epstein pleaded guilty to a state charge (one of two) of procuring for prostitution a girl below age 18,[57] he was sentenced to 18 months in prison.
The Financial crisis 2007-2008
Liquid Funding Ltd.
Epstein was the president of the company Liquid Funding Ltd. between 2000 and 2007.[36][37] The company was an early pioneer in expanding the kind of debt that could be accepted on repurchase, or the repo market, which involves a lender giving money to a borrower in exchange for securities that the borrower then agrees to buy back at an agreed upon later time and price. The innovation of Liquid Funding, and other early companies, was that instead of having stocks and bonds as the underlying securities, it had commercial mortgages and investment-grade residential mortgages bundled into complex securities as the underlying security. Liquid Funding was initially 40 percent owned by Bear Stearns. Through the help of the credit rating agencies – Standard & Poor’s, Fitch Ratings and Moody’s Investors Service – the new bundled securities were able to be created for companies so that they got a gold-plated AAA rating. The implosion of such complex securities, because of their inaccurate ratings, led to the collapse of Bear Stearns in 2008 and set in motion the Financial Crisis of 2007–2008 and the subsequent Great Recession.[36][38]
https://en.wikipedia.org/wiki/Financial_crisis_of_2007–2008
https://en.wikipedia.org/wiki/Jeffrey_Epstein
In a court filing last week, prosecutors said they had determined that financier Jeffrey Epstein was worth at least $500 million and earning $10 million a year—the first concrete details about his wealth to emerge in years.
But while the documents confirmed that the accused sex trafficker is fantastically wealthy, the source of Epstein’s fortune remains a mystery. How did a money manager with a single confirmed client amass riches including a $77-million Manhattan mansion and his own private Caribbean island?
Convicted financial swindler Steven Hoffenberg has offered an explanation: He claims Epstein is a Ponzi schemer who helped him bilk tens of thousands of investors in the 1980s and 1990s.
“Epstein and the corporations he formed were my co-conspirators,” Hoffenberg alleged in an affidavit for a federal lawsuit.
“Epstein has remained free and has used and benefited from the ill-gotten gains he amassed as a result of his criminal and fraudulent activities.”
https://www.thedailybeast.com/did-jeffrey-epstein-help-steven-hoffenberg-swindle-dollar460-million-in-ponzi-scheme
HOW FUCKING DEEP DOES THIS GO