For Leon Black is an Honorable Man
Epsilon Theory
January 26, 2021·10 comments·Money
The board investigation was thorough. The lawyers were hired to investigate the chairman. The explanation they produced for 158 million dollars in payments to a convicted sex trafficker was legitimate business advice. The only problem is that no one who understands how wealth actually works could believe it.
- A billionaire paid a convicted sex trafficker 158 million dollars over five years. The board investigation found this was ordinary business expense. No written agreements existed. Most of the money went for tax advice that turned out to come from his regular accountants instead.
- The payments began before the conviction and accelerated afterward. Black continued visiting Epstein's homes across New York, Palm Beach, Paris, and the Caribbean even after 2008. The explanation was that Epstein was simply "a confirmed bachelor with eclectic tastes."
- The man who built his fortune on ruthless financial precision claims he paid hundreds of millions on a handshake to someone giving him advice he didn't actually need. This is not how billionaires operate. This is not how anyone operates.
- The board hired expensive lawyers to investigate their own chairman. Those lawyers found no wrongdoing, no criminal involvement, no liability. They produced a report designed to close the question permanently.
- We're supposed to accept that powerful people can transfer staggering sums to convicted criminals and face no real consequences. The question isn't whether Black believed in second chances. It's what the board's acceptance of this explanation tells us about institutional accountability at the highest levels.
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Comments
I ache, in my gut, when I let down my shields long enough for the lies of the world to penetrate my soul. I ache that deception, spin and prevarication are the rule and not the exception. Were it not for my friends, for my Pack, I would retreat to my castle and pull up the drawbridge behind me. Alone, one man can do little. Together, men may transform the world.
Hang in there, we’ll work through the turbulence separately yet together.
If you say anything enough times people will start to believe it.
Obviously Leon Black made his billions by being the type of soft touch chump who got outnegotiated by college dropout Epstein into paying $160mm for T&E advice.
Thanks for publicly pointing out the ridiculousness of this charade, Ben. There is little darkness in the hearts of men that surprises me anymore, but the degree to which Epstein was connected to the powerful shakes me awake.
One need only view the masquerade sex orgy scene in Stanley Kubrick’s final film: “Eyes Wide Shut” to understand just what was going on between Jeffrey Epstein, Leon Black, and many others. For centuries, the extremely wealthy and privileged have been free to indulge their wildest fantasies under highly secretive, vetted circumstances where all participants are bound to absolute secrecy. Adherence to such secrecy by all others is driven by the simple practical expedient that one’s own perversity might be revealed in the event of a catastrophic exposure. Secret societies with ruthless secrecy rites are as old as recorded time. SECRETS=POWER & EXPOSURE=RUIN. Leon Black and many others were enablers of a ruthless Jeffrey Epstein who, in turn, knew they would never squeal, thence to go down with the ship.
Dumbfounded. $158 million in payments from 2012 to 2017. Just one out of how many? Blackmail appears to be very lucrative for a time. But then Epstein got “suicided”. Would be a happy day for many to have everything in the Epstein vaults published on the internet. Giant flush of a lot of hypocritical elites, both parties. We could start fresh after that morality play
Oh Lordy------ https://iapps.courts.state.ny.us/nyscef/ViewDocument?docIndex=S_PLUS_b74mnonnZaRZd564Dabw==
https://iapps.courts.state.ny.us/nyscef/ViewDocument?docIndex=S_PLUS_b74mnonnZaRZd564Dabw==
Honorable indeed…
It’s crazy, right? My question is always … where do they find the time?
Nothing in the settlement however should be construed as “an admission of liability.”
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