← The Epstein Chronicles
The Epstein Chronicles
Mega Edition: Jeffry Epstein And His Side Hustle As A "Banker" (4/12/26)
00:42:14
Jeffrey Epstein, a financier and convicted sex offender, was known to have engaged in illicit activities, including the operation of a vast sex-trafficking network involving underage girls. However, specific details on how he may have navigated or...
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And welcome back to the Epstein Chronicles. As we continue to watch the lawsuit down in the US Virgin Islands make its way through the court, I think it's important to remember that the US Virgin Islands itself played a part in helping Jeffrey Epstein maintain his criminal enterprise. And not only that, but he was given all kinds of advantages down in the U.S. virgin Islands. And as far as taxes and other business type of arrangements go, meanwhile, the US Virgin Islands is over here yelling and screaming that everybody else is complicit while they are the arbiters of justice and the only ones who really care about making sure people are held responsible. But is that really the case? Is the US Virgin Islands really in this for justice? Or is. Are they just in it to make some more money? Today's episode. We're going to go back to a New York Times article that was originally posted in February of 2020. Headline, Jeffrey Epstein's mystery bank came alive after his death, receiving millions of dollars from his estate. This article was authored by Matthew Goldstein and Steve Etter. In the years after Jeffrey Epstein registered as a sex offender, he closed his money management firm and started a business to develop algorithms and mine DNA and financial databases. Then he set up a bank. In a banking license application reviewed by the New York Times, Epstein described himself as one of the investing world's pioneers and said he wanted to pursue the dynamic discipline of. Of international banking. One of the pioneers, huh? The pioneers of degeneracy. The pioneers of diddling children. Is that what you mean, Egg Dick. Officials in the Virgin Islands, the US Territory where Epstein set up most of his businesses, approved a license for him in 2014 to run one of the territory's first international banking entities, a specialized bank that can do business only with offshore clients. The approval was unusual given Epstein's status as a convicted sex offender. Well, not really. When you pull the layers back and you start looking at the people who were involved, you had all of the powerful people that were working with Epstein, the Bryants, the de Jongs, and they were all benefiting from his patronage. And then all of a sudden, he's able to set up the first bank of its kind within the territory of the US Virgin Island. And nobody has any other questions for the territory here. Nobody's going to ask them what their role was. It was up to JP Morgan to do that. Where's the legacy media? The bank called Southern Country International, renewed its license for each of the next five years, but it's unclear whether it conducted any business or had any customers. Epstein, who died while in Federal custody last summer following his arrest on sex trafficking charges, does not appear to have done any marketing for the bank or hired much staff. You want to talk about a wash shop, a place to go and wash money, you're looking at it. And when you look at Epstein for what he really is, besides a diddler, besides a molester, he's a money mover. He's a man who knows how to hide money. He's a man who knows how to wash money, and he's a man who knows how to make sure that. That the government has no idea where you're parking it. So you don't have to be a brainiac to figure out what he needed his own bank for. The bank was created under a territorial law that lacked many of the oversight requirements banks are usually subject to, and its regulatory file is largely empty. A lawyer for Epstein told officials in the U.S. virgin Islands in 2018 that that the Southern country had not commenced operations, and regulators in the territory said they did not exercise oversight of the bank because it did not appear to be doing any business. Why did you guys set it up in the first place? The US Virgin Islands still has not answered that question, but yet they get $105 million. And I hate to keep beating on that dead horse, but I think it's very important that we all understand just how ridiculous that that move is. They're legit taking food off the table of girls who were actually abused by Jeffrey Epstein. And for what purpose? What are they going to do? Help out the next scumbag that comes to the island and starts throwing money around? And yet, after Epstein's death, his estate transferred more than $12 million to southern country, according to court documents. On Tuesday, at a court hearing in the Virgin Islands on motions involving Epstein's estate, a magistrate, judge, Carolyn Herman Purcell, questioned the estate's lawyers about the transfers to Southern country, saying the disclosure was not satisfactory. The judge said she did not know why Southern country would be receiving checks from the estate. There's no explanation for that, she said. Of course there is. You know what? It was money Washington. We'll send it here, then we'll bounce it there, then it'll go everywhere. And even though the government might know what happened, they're not going to be able to prove it. And this is the cycle that Epstein was caught in. For how long? The way he moved money should have raised so many red flags to so many people who should have been watching that. All of those people, in my opinion, are culpable. The sad part is most of them who were at the levers of power have moved on to other institutions, other entities. And they've never had to answer for the bullshit they were involved in when it comes to Jeffrey Epstein. Now we're starting to see a little bit of that change with the J.P. morgan lawsuit. But really I've had my fill of financial settlements. I think it's time for some real justice. And I think it's time that some of these scumbags ended up in bracelets. A lawyer for the estate responded that some of the payment was made in error. But the judge was not satisfied with the response and asked him to follow up with a fuller accounting. Now the real question should be from the judge. Why the hell did my colleagues even let this bank get set up in the first place? Who benefited? Follow the money. How many payments were made out when this bank popped up? How many people cashed big checks from Epstein? Well, we know a lot of people down in the Virgin Islands were eating from Epstein's palm. They were taking things from them, gifts and all, all sorts of other stuff. So how many of them had money sent to their accounts in the wake of this bank opening? Because we all know if you follow the money, eventually you're going to end up in some dirty ass politician's office. The checks listed in the estate's transactions for routine payments such as cable TV bills and phone service for Epstein's many properties stand out. The list of payments was filed with Herman Purcell, who is overseeing the 635 million dollar estate, including the possible establishment of a compensation fund for his victims. Now we know that that happened and we know that the compensation fund paid out roughly $125 million to the survivors and $105 million to the U.S. virgin Islands. And you would think that would be enough and their greed would stop there, but it's not. They have to have their hand in the cookie jar a little longer and they have to try and get some some more money here. Well, they're running into a buzzsaw and that buzzsaw is J.P. morgan. Because J.P. morgan is not going to just write a check to the U. S Virgin Islands when they know that the U. S. Virgin Islands was complicit and duplicitous when it comes to their relationship with Epstein. That Epstein was able to get a banking license in the first place is unusual. His 2008 conviction in Florida on a charge of soliciting prostitution for from an underage girl required him to register as a sex offender. Most bank operators doing business in The United states are required to undergo rigorous background checks, and most banking institutions are subject to oversight by the arm of the treasury that investigates suspicious financial transactions. It's called the fincen division. Neither was required by the virgin islands when epstein submitted the application in 2013. So who makes the rules down there in the u. S. Virgin islands? Oh, that's right. The government of the u. S. Virgin islands. And they were the ones who put these laws on the books to make it so that epstein could set up this bank so that they could profit. And that's what the evidence shows us. The territory had passed its international banking entity law a year earlier in hopes of enticing investment from overseas. It modeled its law on that of puerto Rico, where international banking entities have existed for three decades. Such organizations are attractive to offshore investors because the banks are able to offer more favorable tax treatment than the investors owned countries can. In return, the territories expect local residents to manage the banks even though they cannot use its services. And under normal circumstances, if you're using these banks for the right purposes, they. There's no issue here. But we know epstein wasn't. Everything this man touched, he corrupted. These specialized banks have drawn scrutiny because of their potential for abuse, including money laundering. The federal reserve bank of new york describes international bank entities in the virgin islands and puerto rico as high risk institutions. Last year, it temporarily suspended applications for them to obtain financial services from the fed until it can issue stricter rules for them. And keep in mind, Epstein could have chosen to go anywhere in the world. He chose to go to the u. S. Virgin islands and set up shop because the rules were favorable to him and the rules that weren't favorable to him. Well, he had enough money to pay people off to get those rules changed. Epstein was carefully evasive in answering a question on the application that was meant to reveal information about an applicant's claim criminal record. His response mentioned his guilty plea to stay charges in florida, but played down other elements of the case. Why was he allowed to play it down? Let's not let the virgin islands off here. Sure, he's gonna try and play it down, but it's up to the regulators and the people in the virgin islands who are in these positions of power to stop this man from doing his. And they did not. They failed. There's no other explanation for it. They failed. And in doing so, they helped epstein continue his criminal enterprise for decades. For a relatively brief period in what has otherwise been a productive and accomplished life. The application said Epstein did face some legal difficulties relating to matters alleged to have taken place seven years ago. The application noted that a federal investigation had been discontinued and that's why it was so important for him to get rid of those federal charges back in the day. He had to be able to continue to operate on this level and he could smooth over the state charges. But if it was federal and we're talking about the man act or we're talking about human trafficking at the federal level, he would have been toast and there's no way that he could have operated the way he did. So once again he was being enabled, and this time by the broken ass legal system here in the United States that people like Epstein continuously manipulate. But the answer was misleading, said Richard Scott Carnal, a former assistant secretary for financial institutions at the Treasury Department. The application did not reflect that Epstein's plea deal included an agreement with federal prosecutors who promised not to bring their own charges. The agreement acknowledged that federal authorities had compiled a long list of other possible underage victims. Think about that. They had all of these victims, a whole list of them, amount of evidence, and they were all children and they decided not to prosecute him for anything but solicitation of a minor bank regulators expect applicants to be candid, said Carnal, now an associate professor at Fordham Law School. You'd never suspect there was a non prosecution agreement. As a bank regulator, I'd be outraged to learn that an applicant has misled me in that way. But they didn't care. They all knew what you thought, that the regulators down in the U.S. virgin Islands weren't hip to what was going on. They were. They knew exactly what was up. They chose to do the Helen Keller and not see what was going on. In his application, Epstein listed as references James Staley, the chief executive of Barclays who had cultivated a relationship with Epstein was while at JPMorgan Chase. Another reference was Andrew Farkas, a New York real estate tycoon and co owner of a marina and office complex on St. Thomas with Epstein. Spokesman for both men said they had been unaware they were listed as references along with JP Morgan and First Bank, a Puerto Rico based lender with branches in the Virgin Islands that long held some of Epstein's accounts. Now, going back and looking at this with hindsight, we all know that Jeff Staley is obviously lying here. He knew what was up and he was helping Epstein every step of the way as far as the financials go. And I called Jeff Staley a liar back then and I'll continue to call him one now. Dude bullshitted everybody about his relationship with Epstein and Now that shit's boomeranging back around to hit him directly in his head. The application was submitted by Erica Kellerhals, a longtime tax lawyer for Epstein in the Virgin Islands. She did not return requests for comment. Southern country had not commenced doing business as of April 2018, according to correspondence between Keller Halls and the territory's banking department. Regulators said the bank was a self reporting company and did not require additional regulatory oversight and if it was not operational. But court documents show Southern country was active for some of last year. If I was J.P. morgan, I'd be focusing on this right now. And also if I was the survivors, I'd be zeroing in on the US Virgin Islands. How dare they take money out of my pocket, Take food off my table. That's the way I'd look at it.
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Pepperoni lovers.
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Records filed by the estate on Friday indicate the Southern country and had $693,157 in assets when Epstein died Aug. 10. Then in mid December, the estate transferred 15.5 million to Southern Country. In two checks. Southern country sent back 2.6 million, leaving the total it received at 12.9 million. The documents filed by the estate do not give a reason for the transfers. It is also not clear what Southern country did with that money. Two weeks later. The year end value of Southern country's assets was $499,759, according to the estate's filings. So where'd that money go? I guess it just disappeared, right? I guess it's just unaccounted for and fell into a black hole. What really happened is it's in somebody's offshore account and nobody's the wiser for it. The estate has told officials in the Virgin Islands that it does not intend to renew the bank's license again. Around the time the Territory granted Epstein his banking license, it also gave a lucrative tax break to Southern Trust, a company Epstein said was developing sophisticated algorithms to mine DNA and financial databases. Boy, that's reassuring, huh? This idiot wants to mine DNA databases and compile records of people's DNA. Sounds like a fantastic plan. The tax break came from the territory's Economic Development Authority, which was approved by the territory's former governor, John de Jong Jr. While his wife, Cecile worked for Epstein, neither Cecile De Jong nor her husband returned messages seeking comment. Oh, of course they won't. They have nothing to say about this. They want to stay under the radar. But I think a big problem here is the fact that the USVI is greedy. That's Just what it comes down to. And I think their greed is going to undo them when all is said and done. Because if you think JP Morgan is writing a check to the US Virgin Islands, I have some beachfront property to sell you in the middle of the Nevada desert. The tax break granted in 2013 was a boon for Epstein. Southern Trust generated about $300 million in profit in six years and he paid an effective tax rate of about 3.9%. The source of Southern Trust's revenue is not clear. The the bare bones corporate filings made by the company in the Virgin Islands do not list any clients. That's because it was a money washing stop. That's exactly what it was. A place for them to wash up their money and get it sent back out into the financial system, colored up and ready to go. Although the Virgin Islands was long a place where Epstein got his way, it has lately cast itself as one of his victims. In a lawsuit last month, the the Attorney General of the Virgin Islands, Denise George, said Epstein had sullied the territory's reputation with his conduct. What about your conduct, Denise George? What about your colleagues conduct? What about Stacy Plaskett? She sued Epstein's estate seeking to seize his private islands and dissolve what she said were shell companies acting as fronts for his sex trafficking enterprise. There's a lot of that, that's true but. But also let's not forget the money laundering aspect of this. A lot of people leave that out because it's not as salacious. But remember that's how you get most of these criminals financial crimes. The suit seeks to intervene in the administration of Epstein's will to safeguard assets for dozens of his victims, claiming the co executors may have a conflict of interest because they were officers in many of Epstein's companies and including Southern country and Southern Trust, the co executors, Darren Endyke and Richard Kahn, did not return requests for comment. Well, they were part of the whole entire criminal conspiracy and the fact that they're skating free and dry here is just unbelievable to me. Herman Purcell, the magistrate judge overseeing the administration of Epstein's will in the US Virgin Islands, heard arguments on the Attorney General's request. As at the hearing on Tuesday, the judge said she would issue a ruling at a later date. So we all know that it has progressed from here, but I wanted to go back and talk about this one more time because it's just another receipt to show you what I'm talking about when it comes to the US Virgin Islands and their negligence with Epstein And Jeffrey Epstein's disgusting crimes and the fact that they think they're going to get more money here and is absurd to me. And I think it needs to be pointed out that they are not a victim and in fact they're an enabler themselves. All right folks, that's going to do it for this one. All of the information that goes with the episode can be found in the description box with Lucky Lance.
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We've talked a lot about Darren Endyke on the program and how he was very much involved with Jeffrey Epstein and, and the day to day operations of the criminal enterprise. In tonight's article we're going to add a little more context to that. And this article is going to explain how Darren Indyke and the pattern of transactions made from Deutsche bank signal the patterns of somebody who is engaging in in money laundering. We've talked about CTRs here, we've talked about different ways that the government has to keep an eye on these sorts of transactions. And when I say ctr, I mean cash transaction reporting. So the government has all of these guidelines in place to make sure that money laundering doesn't occur. Deutsche bank and Darren Indyke and Jeffrey Epstein obviously ignored all of those rules. And it looks like Darren Endyke was engaging in something called structuring. And what structuring is, is when you withdraw money from the bank in increments that do not trigger you to have to sign CTR paperwork or for it to be a CTR type of transaction. And that would be anything over $10,000. So $10,000 and $0.01 makes it a CTR transaction. So what you do, if you're trying to structure from let's say a sports wagering perspective because in the sports books it's the same deal. You have to keep track of what these players are wagering and any, anytime $10,000 goes across the counter in one transaction or multiple, it has to be CTR. So what will happen is you'll have people that try and do something called structuring where they'll make sure that the $10,000 is never coming across the counter one way or the other. And when you notice a pattern of people trying to do that, you sark them suspicious activity report and the bank, they have the same mechanisms in place to try and stop money laundering. And Deutsche bank and other financial instit institutions, by the way, were looking the other way when Jeffrey Epstein and his minions like Darren Indyke were engaging in this bit of smurfing. So let's jump into our article from Law and crime. And let's add a little bit more meat to the bone here and some more context to the money laundering angle. This article is from Law and Crime. The headline, brutal rebuke of Deutsche bank raises serious questions about one of Jeffrey Epstein's lawyers. This article was authored by Jerry Lam on July 7th of 2020. Deutsche bank on Tuesday agreed to a $150 million settlement over its relationship with since deceased sex offender pedophile Jeffrey Epstein. Shining a light on the German based bank's consistent failure to comply with financial regulations concerning millions of dollars of suspicious transactions. And it's not just Jeffrey Epstein who was using this bank, right? We know that a lot of these billionaire types of people were using Deutsche bank or still using it. A lot of Russian oligarchs, Donald Trump had money there. A lot of these billionaires used this bank. And I said from the very outset, if the American Congress was serious about looking into Trump and if he did have any kind of relationship with the Russians, it would have been through the financials, not the way they went about it. And Deutsche bank is the common denominator here though, folks. That's what's really important. Deutsche bank is, seems to always be embroiled in some sort of money laundering scheme or financial irregularities as they like to call it. For me or you, that's money laundering or you know, washing our money or avoiding taxes for me or you? For me, forget it, we're going to prison, end of story. These guys, they don't even get in trouble. Their bankers get clipped with a fine. But the details contained in the blunt consent order between the bank and New York State financial regulators may potentially provide prosecutors with a new route for unearthing vital information pertaining to Epstein's alleged criminal network. And this is what I've been talking about from the jump, right? When I talk about RICOH and I talk about financial forensic accountants, that's what you need. You need forensic, financial forensic accountants digging into all of these transactions. They need to find the, the origin of where the transactions originated from and they need to find the destination. And every single person who is involved in facilitating these transactions or fattening their pocket from these transactions needs to be caught up in this RICO investigation just like anybody else would be. Again, that's all I'm talking about here. Fairness under the law, one law for everybody. I don't care if you're a big, a big banker at one of these stupid ass large banks. I don't care if you're Jeffrey Epstein. I don't care if you're the ice cream man. Everybody should get a fair shake if they get in trouble or if they got to go before a judge. The, the, the deck shouldn't be stacked against the common man or the common woman. Where people like Jeffrey Epstein and his big buddies at Deutsche bank just get a slap on the wrist. According to the agreement, an unnamed personal attorney working for Epstein made 97 separate cash withdrawals from Epstein's accounts at the same Manhattan location between 2013 and 2017. An unnamed personal attorney, huh? I'll give you guys one guess. Okay, I'm gonna go out on a limb here, and I'm guessing this limb that I'm out on is pretty strong. It's gonna be a Darren Endyke who was involved in all of this. We know he was handling the day to day operations for Jeffrey Epstein. From a legal standpoint, we know that it was Darren Indyke who was the bag man. We know all of this. His name was all over, littered all over documentation. And you think Jeffrey Epstein would have somebody involved in his smurfing scheme, his structuring plot that he couldn't trust? Somebody that wasn't ironclad and already locked into the conspiracy? Come on folks. The transactions which occurred two to three times per month were all in the amount of $7,500, Deutsche Bank's limit for third party withdrawals. So basically he was acting as Indyke, who were speculating was the lawyer here. He was acting as a third party agent for Jeffrey Epstein. Now again, in the financial sector, so far as the sportsbook world, we have the same thing. Somebody can act as your agent and wager on your behalf if all of the proper documentation is filled out. And if that documentation is not filled out and you're giving somebody money to wager on your behalf, well, it is technically illegal. And the same goes here, right? If you're going to act as an agent for somebody, there are certain guidelines that must be followed and, and I mean, I'm shocked that they even followed the $7,500 guidelines. I guess they didn't want to trigger FinCEN too much, so they had to, you know, sprinkle a little bit of truth in with their lies. Under federal regulations, banks and other financial institutions must file currency transaction reports with the U.S. treasury Department when there are cash transactions with an individual in excess of $10,000 and in one day. And that's what I was talking to you about just a second ago as far as the sportsbook goes. So you know, I would deal with that quite a Bit the sportsbook I worked for. We would take huge, gigantic wagers. It was nothing for me to take $100,000 or more on a football game on a Thursday night. So I was dealing with a lot of big money. And anytime $10,000 went over the counter one way or the other, well, we had ourselves a CTR situation. And if I missed a CTR or one of them didn't get filed and something occurred, forget it. It was a big deal. It was a serious, a serious transgression. Gaming would get involved and it would become a big, serious, serious situation. So the fact that Deutsche bank was able to get away with shit like this and let it fly under the radar, I just don't understand how that could happen unless they had people directing their auditing team to do so. Because that's what happens right at the end of the night, at least from the sports book. Everything gets packed away, sent up to auditing. They go over it and they look for discrepancies. And if you screwed up, you'll get notified in the morning. And I'm sure it's the same within this banking system. Breaking up transactions to avoid the CTR reporting is a criminal offense commonly referred to as structuring the agreement stated. And that's exactly what it is. Again, I dealt with it quite a bit when I was working in the financial sector, sports, gaming, and it was a big problem, right? You had a lot of people trying to game the system. They don't want their names in this database. They certainly don't want to fill out the government paperwork. Right? They don't want to fill out that W9. They don't want to give over their ID and their social. So they have to fill out that W9. If they don't have their SOC and forget it, it becomes a whole thing. I can't tell you how many arguments I got into with customers who did not want to pony up the proper documentation. You would think if somebody won ten grand and a few bucks more would want to pony up whatever sort of documentation that's coming your way, right, if you're going to get that kind of dough. But these people were resist and you can't explain CTR to them. It's illegal while I'm at work for me to explain to you how to structure a bet or how to structure a money laundering move. So there was a lot of things that had to occur and we weren't able to get into the particulars with the customers. And that really launched them into orbit. We had these little Cards we could hand out that explained what Title 31 was. I swear to God, I swear to you, I shit you. Notice, as attorney Adrian Lawrence noted, this type of conduct is a classic indicator of money laundering. And there's a tweet embedded into the article by this lawyer, Adrian Lewis. Adrian Lawrence. Excuse me. Or Adrianne Lawrence. During one period, Epstein made 97 cash withdrawals of $7,500. Now, why would you make the withdrawals at 7,500? Why wouldn't you just make them for the $10,000? Why wouldn't you make them for $3,600? So it's 7,500 bucks at a clip. Why don't you just transfer that money? Because they're trying to deal in cash. And of course, you can't trace cash the way you can digital transactions and money transfers. So of course they want to make sure that cash is the king, and that's how they roll. Making numerous cash transactions beneath the $10,000 reporting threshold is called smurfing, an indicator of money laundering. Deutsche bank was on notice, but it evidently looked away. And again, look, I find it hard to believe that everybody missed the signs that this was obvious money laundering, and at the very least, Title 31 CTR violations. That that alone should have triggered a huge investigation. It should have triggered all kinds of action on the part of the authorities. But the. At Deutsche bank, they obviously weren't. Were. They didn't care.
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Right?
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They were ignoring it. Because it's not just, you know, for instance, we have. You have several lines of defense for things like this. At the end of the day, it ends up in auditing. And auditing goes through everything with a. With a fine tooth comb. And they're supposed to be the people who find these indiscretions and then call down to the bank and say, in the F is going on. But it looks like none of that occurred here and that Darren Indyke allegedly was able to be involved in about 97 transactions in just one period where he was structuring the withdrawals. The term smurfing refers to a common structuring technique where a money launderer employs individuals or Smurfs to make unlawful transactions. Now, in my industry, we call them beards. And a beard is somebody who comes in and wagers for somebody who we call a Sharp. Now, a Sharp is somebody who has a very good track record against the book, or somebody who has perhaps found a way to gain the game, the system, or whatever the circumstances may be. Their action is no longer welcomed with the book. So what they do is they employ somebody called a beard, and that person acts as if it was their money. And they are the ones who come and wager and collect and pay into their accounts, whatever it may be, which is not legal by.
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It's that time.
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Furthermore, on at least two occasions, Epstein, Epstein's attorney, also inquired how he could withdraw cash on behalf of Mr. Epstein without triggering an alert. That is so insanely out of, out of bounds when it comes to a financial institution. The fact that he even asked, he should have been sarced right there.
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Suspicious activity report.
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It should have went into the FinCEN database and the alarm should have been buzzed up high. Because this is just, this is what I was just talking about.
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You can't.
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You can't help somebody structure. You can't give them tips on how to beat title 31. And that's what he was asking Deutsche bank to do. And obviously it was on two separate occasions and the people told somebody because we're hearing about it here, but nothing occurred. Epstein's accounts should have been frozen that moment. Former federal prosecutor Hanato Marioti, a CNN legal analyst, pointed out that prosecutors in the Southern District of New York could very likely use this information against this unaimed lawyer to make him cooperate with their investigation into Epstein's other associates. Now, remember, this dude I'm speculating is Darren Indyke. And if that's the case, he's an executor of the estate. After all we've learned about Darren Indyke, folks, after everything we've heard about him, about the criminality he's been engaged in from day one with Jeffrey Epstein. Do you really think that this man should be administering the ex. The. The. The estate of Jeffrey Epstein? Of course not. There has to be some sort of mechanism to remove this man. Epstein's attorney should be concerned about his own liability, given that he asked how to evade requirements. I would not be surprised if SDNY federal prosecutors tried to put pressure on this attorney in order to convince him to cooperate against Epstein's other associates, Mariotti wrote. But any cooperation would be complicated by potential attorney client privilege issues. I've prosecuted lawyers and later represented lawyers who were under investigation. And prosecuting a lawyer is never easy. Immunity in exchange for the lawyer's cooperation is a possibility depending on what the lawyer did and how helpful he can be.
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Well, we know for a fact that,
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that the SDNY goes after lawyers. They went after Cohen, Trump's lawyer. Right. And not only went after him, they hung old boy from on high. So we know that the SDNY is not going to shy away from that because they will go after lawyers. They have done it, obviously, already. So I would not be shocked to see them go after Ndyke. I've already said on record here that I believe that after all is said and done, Indyke's going to need lawyers of his own. In an interview with Law and Crime, CNN legal analyst Eli Honig, a former SDNY prosecutor, said he largely agrees with Mariotti's take. Basically, anything that will give SDNY leverage can potentially be used to flip those who may have been involved in criminal activity, Hanig said. If you have a lawyer who was intentionally breaking off transactions to avoid triggering reporting requirements, that's a violation of federal law, which is certainly something that could be used as leverage to flip somebody for sure. And that's what I've said to you here forever, right? That's what they do in these federal investigations. I've seen it with my own eyes. I've seen people get broken down by the federal government this way. They will use whatever they can to get you to flip on your friends or flip on your associates, and that's how it works. And if they have some leverage on indyke in this regard, you better believe Allison Moe and company are going to use it and they're going to leverage him. Honig explained that while attorney client privilege would certainly complicate the matter, that privilege would not attach to criminal conduct. There's a crime fraud exception to attorney client privilege, meaning that if the conversations were in furtherance of a contemplated or ongoing crime, then the content of those conversations are no longer protected by privilege, honig added. Former federal and state prosecutor Daniel R. Alonso suggested SDNY was likely already investigating the unnamed attorney. 100%, this is a vast investigation and the grand jury is still convened. They're investigating many angles and many people. And unnamed lawyer, AKA Darren Indyke, is most assuredly, in my opinion, one of them. Here's a tweet from Daniel R. Alonzo talking about how he agrees with Renato. Renato Mariatis breakdown of the situation. Very true. And note that structuring is also used very frequently to establish probable cause to obtain search warrants. Given that we know, given what we know about this, it is likely the government has been investigating this lawyer for some time and this is all part of the larger grandiose investigation. Right. And they only need something like this to use as probable cause to get their foot in the door. And then once the foot, the foot is in the door, we see how that ends.
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Up.
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According to the consent agreement, which did not sugarcoat Deutsche Bank's turning of a blind eye to Epstein. The bank properly classified Epstein as a high risk client, but didn't take necessary precautions and didn't examine suspicious transactions associated with exorbitant cash spending. So basically they looked the other way, they didn't take any of their FinCEN responsibilities seriously and they avoided all of these obvious money laundering type transactions. The bank was well aware not only that Mr. Epstein had pled guilty and served prison time for engaging in sex with a minor, but also that there were public allegations that his conduct was facilitated by several named co conspirators. Despite this knowledge, the bank did little or nothing to inquire into or block numerous payments to named co conspirators and to or on behalf of numerous young women, or to inquire how Mr. Epstein was using on average more than $200,000 per year in cash. The agreement stated they basically gave Jeffrey Epstein the keys to the kingdom and told him, financially you can run amok, do whatever you want. You can spend as much, I mean, you can move as much money as you want here, put as much money as you want in the bank, take
- [41:18]
A
it out, whatever you want. And while you're at it, go ahead
- [41:21]
B
and just send over your smurf, your beard and he could take out as much as he wants to. Well, they never thought the house of cards was going to come down around them. And now all of these chickens are coming home to roosters. And people like unnamed lawyer here, aka Mr. Endike are looking at a world of pain. If you'd like to contact me, you could do that@bobby capuchirotonmail.com that's B O B B Y C A P U c c I protonmail.com youm can also find me on Twitter. O B B Y C A P U C C I All of the links that go with this EP be found in the description box.