CHAPTER 26
Pay me fifty million d amount.
At first Epstein did nc asked that the payment— escrow. If his strategy wo bounced back to the clien)
In the eighties, when much, much higher than
50 percent, it was an ext
were other ways to make 1
Jeffrey Epstein: 1984
Q
ww)
ow did Jeffrey Epstein make all his money? he years about mon-
Epstein would tell stories over t d from slippery characters. Sometime: 'd suggest he had ties to the
ies recovere s, friends
and former associates would say, he government, giving listeners the i dangerous, glamorous work. Others said that what Epstein really was much more banal. According to them, Epstein spent = th creative new ways for the rich ; avoidance deals : was involved
career, most of his time coming UP wi he commission for tax- mber of deals Epstein record of successes 4% qd
to avoid paying taxes. rE was enormous, although the nu with is a matter of conjecture, as is his failures.
But Epstein’s busine fee. No fancy math. No percentages.
ss model was evolving. He'd charge flat
108
at by
mpression that he was doing q
did, at this stage in his
In 1982, Epstein sold his relatives, and others on an Michael Stroll, had run W company known for the pi Stroll put $450,000 int But in 1984, Michael $
7 q repeated demands and re . 4 Epstein owed him, he got _ ment. Eventually he sued | q ing $440,000—the case w _ Epstein told the judge tha ally the payment for a hor: a Like many cases invol c f court, the terms of the f
HOUSE_OVERSIGHT_022077
