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David Enrich

๐Ÿ‘ค Speaker
301 total appearances

Appearances Over Time

Podcast Appearances

The Daily
The Origins of Jeffrey Epstein

Within a few years, he has been named a limited partner, which means that he is getting paid boatloads of money at that point, something like $800,000 in today's dollars.

The Daily
The Origins of Jeffrey Epstein

And yet the problems still keep bubbling up.

The Daily
The Origins of Jeffrey Epstein

And Epstein was found to abuse his expense account.

The Daily
The Origins of Jeffrey Epstein

He took a work trip to the Caribbean and charged Bear Stearns something like $10,000 on jewelry and clothing for his girlfriend.

The Daily
The Origins of Jeffrey Epstein

So this is after he was dating the boss's daughter.

The Daily
The Origins of Jeffrey Epstein

Mm-hmm.

The Daily
The Origins of Jeffrey Epstein

Another thing is that it turns out that he has been helping his girlfriend get early access to lucrative investment deals at Bear Stearns, which is a violation certainly of the company's rules, if not the law.

The Daily
The Origins of Jeffrey Epstein

And he's helping his high school friend get a loan to buy securities at Bear Stearns, which is also a violation of company policies, if not the law.

The Daily
The Origins of Jeffrey Epstein

And eventually Bear Stearns gets wind of this and starts investigating.

The Daily
The Origins of Jeffrey Epstein

And Epstein is kind of headed for a slap on the wrist.

The Daily
The Origins of Jeffrey Epstein

He's likely to pay a financial penalty and also be suspended for a couple of months.

The Daily
The Origins of Jeffrey Epstein

And instead of suffering that indignity, he decides to resign, saying that he's been deeply offended by the fact that he was even being investigated.

The Daily
The Origins of Jeffrey Epstein

So one of the many things he learned at Bear Stearns through this network of acquaintances and colleagues that he built up was basically how to act and behave as a really rich person.

The Daily
The Origins of Jeffrey Epstein

It's both.

The Daily
The Origins of Jeffrey Epstein

It is what fork to use.

The Daily
The Origins of Jeffrey Epstein

It's how to dress appropriately, how to introduce yourself to a member of royalty or to a senior politician.

The Daily
The Origins of Jeffrey Epstein

But it's also to have the confidence that he belongs in these settings, in these rooms with rich and powerful people.

The Daily
The Origins of Jeffrey Epstein

And that immediately pays dividends for him.

The Daily
The Origins of Jeffrey Epstein

A former Bear Stearns colleague introduces him to a guy named Michael Stroll, who is a video game executive.

The Daily
The Origins of Jeffrey Epstein

And Epstein persuades Stroll to hand him $450,000, which is about 10% of Stroll's net worth, to invest in what Epstein claims is an oil deal.