EPISODE · Mar 4, 2026 · 30 MIN
How Jeffery Epstein got so rich college dropout who started off teaching math and physics, make a huge fortune
from Jeffrey Epstein Files Originals Podcasts · host opendesk.tech -Gold Host
Where did Jeffrey Epstein's initial wealth come from?Epstein had stolen or misappropriated several hundred million dollars belonging to Wexner, according to a report by US prosecutors recently made public."That misconduct, together with fees that Epstein paid himself for his services to Wexner, appears to account for virtually all of Epstein's wealth," according to lawyers in the report. Epstein sold himself a private jet that belonged to Wexner for a fraction of the cost. He did the same with a townhouse in New York City. Epstein also bought property on behalf of Wexner and then resold it to himself at discounted prices, the report adds.How Epstein exploited Wexner's linksBut Wexner gave Epstein something else, too. If Wexner was perceived as trusting Epstein, others could reasonably trust him and his financial advice. Epstein used this credibility to access a growing list of who's who.He was not afraid to throw around names like Clinton and Rockefeller. It seemed to work, and prominent individuals were pulled into his personal network, such as private equity billionaire Leon Black.Over the years, there were quiet allegations of excessive fees or exploitation, but it appears Wexner is the only one to publicly claim outright theft.The role of JP Morgan and Deutsche BankEven after Epstein became a registered sex offender in 2008 and spent time in jail, many still came to him for advice, a fact underscored by the latest Department of Justice document release.Many companies were also happy to get his business. His banks have come under special scrutiny.Epstein used JPMorgan from 1998 until 2013, when it closed his accounts. A decade later, without admitting any wrongdoing, the bank paid $75 million to settle claims by the US Virgin Islands and $290 million to settle a lawsuit by a group of Epstein's victims.After he was forced out of JPMorgan, Deutsche Bank let Epstein open an account in 2013. Later, he had approximately 40 accounts before the bank ended its relationship shortly before his death.The bank has said it regrets its connection with Epstein and agreed to pay a $75-million settlement to a group of his victims without admitting wrongdoing.
What this episode covers
Where did Jeffrey Epstein's initial wealth come from?Epstein had stolen or misappropriated several hundred million dollars belonging to Wexner, according to a report by US prosecutors recently made public."That misconduct, together with fees that Epstein paid himself for his services to Wexner, appears to account for virtually all of Epstein's wealth," according to lawyers in the report. Epstein sold himself a private jet that belonged to Wexner for a fraction of the cost. He did the same with a townhouse in New York City. Epstein also bought property on behalf of Wexner and then resold it to himself at discounted prices, the report adds.How Epstein exploited Wexner's linksBut Wexner gave Epstein something else, too. If Wexner was perceived as trusting Epstein, others could reasonably trust him and his financial advice. Epstein used this credibility to access a growing list of who's who.He was not afraid to throw around names like Clinton and Rockefeller. It seemed to work, and prominent individuals were pulled into his personal network, such as private equity billionaire Leon Black.Over the years, there were quiet allegations of excessive fees or exploitation, but it appears Wexner is the only one to publicly claim outright theft.The role of JP Morgan and Deutsche BankEven after Epstein became a registered sex offender in 2008 and spent time in jail, many still came to him for advice, a fact underscored by the latest Department of Justice document release.Many companies were also happy to get his business. His banks have come under special scrutiny.Epstein used JPMorgan from 1998 until 2013, when it closed his accounts. A decade later, without admitting any wrongdoing, the bank paid $75 million to settle claims by the US Virgin Islands and $290 million to settle a lawsuit by a group of Epstein's victims.After he was forced out of JPMorgan, Deutsche Bank let Epstein open an account in 2013. Later, he had approximately 40 accounts before the bank ended its relationship shortly before his death.The bank has said it regrets its connection with Epstein and agreed to pay a $75-million settlement to a group of his victims without admitting wrongdoing.
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How Jeffery Epstein got so rich college dropout who started off teaching math and physics, make a huge fortune
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