I don’t buy the Jeffery Epstein blackmail theory

It’s interesting how certain things go from being “conspiracy theories” to just plain theories. For a while there were “conspiracy theories” about how Jeffery Epstein was blackmailing various rich people. It’s not a conspiracy theory anymore, as now it is proffered in mainstream media sources like New York Magazine. The only real evidence the article provides are the claims of Epstein’s former “sex slave,” Virginia Roberts Giuffre. She also claims she was “forced” to have sex with Prince Andrew and Alan Dershowitz, though that part of her claims will probably still be considered Fake News.

The theory is unbelievable for a number of reasons. I have right-wing populist sympathies and I don’t particularly like the elite, but I don’t share the common belief that they are sex perverts. Now if you define attraction by older men to younger women as “perversion” then they deserve condemnation, but that isn’t normally done outside of feminist circles. Do I believe many would risk their positions by knowingly sleeping with underage girls? No. Epstein is anomalous in that respect.

Now what if he tricked his friends into sleeping with underage girls, then tried to blackmail them with the evidence? I don’t think that would work, because the super-rich are very unlikely to go to jail for accidental statutory rape. What about “strict liability?” That’s the kind of crap the peasants have to deal with. If a billionaire were ensnared in it, the legal system might actually start seeing that as an injustice, certainly the maximum penalty wouldn’t apply to that billionaire. And to prove the case, details would have to be provided, the who, the what, the where, and the why, which would implicate Epstein in crimes more serious than the men he was blackmailing. Furthermore, the first guy blackmailed would tell all his friends to stay away from Epstein.

A lot of the speculation that Epstein was blackmailing people is based on his alleged lack of Super Special Skills in investing. What’s the Occam’s Razor explanation for this? That he doesn’t have any Super Special Skills in investing and didn’t need any. He just made his clients think he did. Lots of rich people have never heard of the efficient market hypothesis. They think that just as expensive wine must taste better than the cheap wine, the Exclusive Billionaire Fund must deliver returns superior to the Vanguard fund. The New York Mag article considers this possibility:

So what did Epstein do with the money he did have under his management, setting aside the questions of how he got it and how much he had? One hedge-fund manager speculates that Epstein could have just put the client money in an S&P 500 index fund, perhaps with a tax dodge thrown in. “I put in $100 million, I get the S&P 500 minus some fees,” he says, speaking of a theoretical client’s experience. Over the past few decades, the client would have “made a shitload” — as would Epstein. A structure like that wouldn’t have required trading desks or analysts or complex regulatory disclosures.

What’s the moral of the story?

  1. Don’t commit statutory rape.
  2. If you do, it helps to be a billionaire.
  3. Don’t go to work for Blompf. Or be his friend. Or even stand in the same room as him. If you’ve done any of these things, quit your job, disavow your friendship, and condemn him in the harshest manner possible. As Acosta learned the hard way, he will have no loyalty to you; you owe no loyalty to him.

3 thoughts on “I don’t buy the Jeffery Epstein blackmail theory

  1. Anonymous

    Why the scare quotes around “sex slave” and “forced?” There’s still a lot of murkiness around the accusations against other men, but no one can doubt Epstein is guilty. The girls were underage, any “consent” they gave was meaningless.

    Like

  2. Dolchstoßlegende

    “Don’t go to work for Blompf. Or be his friend. Or even stand in the same room as him. If you’ve done any of these things, quit your job, disavow your friendship, and condemn him in the harshest manner possible. As Acosta learned the hard way, he will have no loyalty to you; you owe no loyalty to him.”

    What? Acosta resigned voluntarily and Trump defended him.

    Like

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