from True Pundit:
The mystery source of Jeffrey Epstein’s wealth could be buried in a 1980s fraud case resurfacing as the billionaire financier faces a slew of sex-trafficking charges.
For years, Epstein’s old boss, and former owner of The New York Post, Steven Hoffenberg, has claimed that Epstein was his accomplice in a Ponzi scheme Hoffenberg ran through his Towers Financial Corp.
While Hoffenberg sat behind bars for 20 years in a New Jersey federal prison, Epstein allegedly lived a sex-crazed lifestyle in which he preyed on underage girls as young as 14, federal prosecutors allege.
Investigators describe him as “a man of nearly infinite means,” but the source — and magnitude — of his money has long been a Wall Street enigma.
Epstein’s Virgin Islands-based Financial Trust Co., a money management firm for billionaire clients only, “generates no public records, nor has his client list ever been released,” Forbes wrote in a 2010 article titled “Sex Offender Jeffrey Epstein Is Not a Billionaire.”
In a new interview, Hoffenberg said Epstein was “totally in the mix” of the scheme that defrauded 200,000 investors of $460 million.
Tower investors also claimed in an August lawsuit that Epstein “knowingly and intentionally utilized funds he fraudulently diverted and obtained from this massive Ponzi scheme for his own personal use to support a lavish lifestyle.”