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viva la

(3,129 posts)
Tue Jul 25, 2023, 02:29 PM Jul 2023

CNN: Billionaire Leon Black made $158 million payment to Jeffrey Epstein.Senators want to know why




The Senate Finance Committee is looking into whether billionaire investor Leon Black’s $158 million payment to disgraced financier Jeffrey Epstein was part of a greater strategy to avoid paying over $1 billion in federal gift and estate taxes.


Hmmm... not sure it was just taxes he was hoping to avoid....

[link:https://www.cnn.com/2023/07/25/business/leon-black-jeffrey-epstein-senate-investigation/index.html|
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CNN: Billionaire Leon Black made $158 million payment to Jeffrey Epstein.Senators want to know why (Original Post) viva la Jul 2023 OP
How does paying Epstein $155MM help him avoid his tax liabilities? OAITW r.2.0 Jul 2023 #1
Well, I think it was likely blackmail... Black isn't the only billionaire to give Epstein $$$$$$ viva la Jul 2023 #2
That would be blackmail, for $155MM. Thanks for playing Epstein Jeopardy! hedda_foil Jul 2023 #3
Yup blm Jul 2023 #5
I know the answer. barbaraann Jul 2023 #4
Some call it go away payment. GreenWave Jul 2023 #6
He was so happy when Epstein sent him a copy of the "movie" he just had to donate! Chainfire Jul 2023 #7
Well, it's like this..... getagrip_already Jul 2023 #8
Pay your taxes, man. republianmushroom Jul 2023 #9
That's one helluva expensive dating service. rubbersole Jul 2023 #10
Might the $158 mil payment have had something to do with this? viva la Jul 2023 #11
So now he's caught anyway - that $158 million didn't do shit FakeNoose Jul 2023 #13
" paid Epstein in several installments between 2012 and 2017" muriel_volestrangler Jul 2023 #12

OAITW r.2.0

(23,162 posts)
1. How does paying Epstein $155MM help him avoid his tax liabilities?
Tue Jul 25, 2023, 02:33 PM
Jul 2023

Was Jeff some kind of tax avoidence genius? Or was he being blackmailed?

viva la

(3,129 posts)
2. Well, I think it was likely blackmail... Black isn't the only billionaire to give Epstein $$$$$$
Tue Jul 25, 2023, 02:38 PM
Jul 2023

But as I understand it, Black might have deducted the payments to Epstein as business/tax advice. You know how you're allowed to deduct that $650 you pay to the accountant to do your taxes each April? Same thing, I guess, only times 200,000.

This is something Trump faces on a smaller scale maybe, as it looks like he might have deducted the Stormy payment as legal fees.

Les Wexner was another billionaire 'client' of Epstein. Remember he's the one who gave Epstein the $70mil mansion in Manhattan. I'm sure that was just a gesture of gratitude for E's financial advice.
https://www.vanityfair.com/news/2021/06/inside-jeffrey-epsteins-decades-long-relationship-with-his-biggest-client

getagrip_already

(13,705 posts)
8. Well, it's like this.....
Tue Jul 25, 2023, 05:13 PM
Jul 2023

I pay you a fee to make a problem go away.

You make a few calls, calling in marks you just might have on tape somewhere, and all of a sudden, my tax liability goes away.

Win, win. At least for me and you. And I get one hell of a weekend out of it setting it all up.





FakeNoose

(32,041 posts)
13. So now he's caught anyway - that $158 million didn't do shit
Sun Jul 30, 2023, 02:38 PM
Jul 2023

Leon Black must be a complete asshole, and he paid all that money for nothing.
Whatever evidence Epstein had on him didn't "magically" go away, did it?

It's time for Leon Black to pay the piper. And this time no amount of money will do it.
Justice will be done.




muriel_volestrangler

(100,972 posts)
12. " paid Epstein in several installments between 2012 and 2017"
Sun Jul 30, 2023, 01:15 PM
Jul 2023

ie after Epstein's conviction. Everyone knew he was a pedophile then; there was no reason to still be doing business with him. Apart from blackmail.

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