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1.88 MB
Extraction Summary
2
People
1
Organizations
0
Locations
2
Events
1
Relationships
4
Quotes
Document Information
Type:
Book chapter / investigative account
File Size:
1.88 MB
Summary
This document is an excerpt from Chapter 26 of a book (page 108) discussing Jeffrey Epstein's business practices in 1984. It details his shift toward high-commission tax-avoidance schemes for the wealthy and recounts a specific 1984 legal dispute where Michael Stroll sued Epstein to recover roughly $440,000, which Epstein claimed was payment for a horse. The right-hand page is heavily truncated but outlines the financial dispute and Epstein's defense.
People (2)
| Name | Role | Context |
|---|---|---|
| Jeffrey Epstein | Subject |
Financial advisor evolving his business model to tax avoidance; defendant in a lawsuit.
|
| Michael Stroll | Plaintiff/Client |
Former associate who entrusted money to Epstein and subsequently sued him.
|
Organizations (1)
| Name | Type | Context |
|---|---|---|
| W... |
Company run by Michael Stroll (name partially cut off in text).
|
Timeline (2 events)
1982
Epstein sold relatives and others on an investment idea; Michael Stroll participated.
Unknown
1984
Relationships (1)
Stroll put $450,000 into an Epstein venture; later sued Epstein in 1984 for $440,000.
Key Quotes (4)
"How did Jeffrey Epstein make all his money?"Source
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Quote #1
"Epstein spent most of his time coming up with creative new ways for the rich to avoid paying taxes."Source
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Quote #2
"He'd charge a flat fee. No fancy math. No percentages."Source
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Quote #3
"Epstein told the judge that... actually the payment for a horse..."Source
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Quote #4
Full Extracted Text
Complete text extracted from the document (1,587 characters)
CHAPTER 26
Jeffrey Epstein: 1984
How did Jeffrey Epstein make all his money?
Epstein would tell stories over the years about monies recovered from slippery characters. Sometimes, friends and former associates would say, he’d suggest he had ties to the government, giving listeners the impression that he was doing dangerous, glamorous work.
Epstein would tell stories over the years about monies recovered from slippery characters. Sometimes, friends and former associates would say, he’d suggest he had ties to the government, giving listeners the impression that he was doing dangerous, glamorous work.
Others said that what Epstein really did, at this stage in his career, was much more banal. According to them, Epstein spent most of his time coming up with creative new ways for the rich to avoid paying taxes. The commission for tax-avoidance deals was enormous, although the number of deals Epstein was involved with is a matter of conjecture, as is his record of successes and failures.
But Epstein’s business model was evolving. He’d charge a flat fee. No fancy math. No percentages.
108
[Right Page Text - Partially Obscured/Cut Off]
Pay me fifty million d[ollars]...
amount.
Pay me fifty million d[ollars]...
amount.
At first Epstein did no...
asked that the payment—...
escrow. If his strategy wo...
bounced back to the clien...
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 r...
much, much higher than...
50 percent, it was an ext...
were other ways to make r...
In 1982, Epstein sold his...
relatives, and others on an...
Michael Stroll, had run W...
company known for the pi...
relatives, and others on an...
Michael Stroll, had run W...
company known for the pi...
Stroll put $450,000 int...
But in 1984, Michael S...
repeated demands and re...
Epstein owed him, he got...
ment. Eventually he sued [Epstein]...
ing $440,000—the case w...
Epstein told the judge tha...
ally the payment for a hors...
repeated demands and re...
Epstein owed him, he got...
ment. Eventually he sued [Epstein]...
ing $440,000—the case w...
Epstein told the judge tha...
ally the payment for a hors...
Like many cases invol...
of court, the terms of the f...
of court, the terms of the f...
HOUSE_OVERSIGHT_022077
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