SNEAKO - July 28, 2022SNEAKO Reacts to Jeffrey Epstein
Episode Stats
Words per minute
173.1158
Harmful content
Misogyny
5
sentences flagged
Toxicity
31
sentences flagged
Hate speech
2
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Summary
Fight Club is a novel written by Chuck Palahniuk, and a film adaptation directed by David Fincher, starring Brad Pitt, Edward Norton, and Helena Bonham Carter. Fight Club tells the story of a group of young men in New York City who are raised with false expectations and repressed by ever-tightening social norms. What if our existence is pointless? What if God doesn t like us? What if we re nothing more than a compost heap? How do we find meaning in a meaningless existence?
Transcript
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This is just one of those questions presented in a novel written by Chuck Palahniuk named
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The film version of Fight Club, directed by David Fincher, starring Brad Pitt, Edward
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Norton and Helena Bonham Carter, could be considered one of the best and most impactful
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When looking at its reception and ongoing popularity, Fight Club isn't shy of over-the-top violence,
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contains a fair amount of explicit language and, of course, the obnoxious behavior of its
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However, it's definitely more profound than just men coming together to beat each other
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The story is built on several thoughtful concepts that are interesting and possibly applicable
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It tells a story about a generation of people, without a clear purpose, without hope, raised
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with false expectations and repressed by ever-tightening social norms.
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What if we're nothing more than a compost heap?
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How do we find meaning in a meaningless existence?
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My best advice for this is to start thinking for yourself because it's so easy to get brainwashed and
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believe in the same nonsense that everybody else believes in.
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It's difficult, but try to develop your own opinions.
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Don't just believe the first thing you read on Instagram.
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And that's why everyone echoes the same shit, but try to think for yourself.
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This video explores several philosophical ideas that Fight Club presents us.
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For those who aren't familiar with the story, this analysis explains and reveals the plot.
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The story of Fight Club revolves around three main characters.
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It's told from a first-person perspective by a nameless character that's commonly called
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the narrator, who has a dead-end white-collar job at a major car company and has fallen prey
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Dictated by social norms, he walks perfectly in line like a docile sheep, which translates
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In 1987, a man you never heard of named Steven Hoffenberg met with everyone's favorite person,
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To build the biggest Ponzi scheme the world has ever seen.
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This was before Epstein had a private island and probably before his operation with underage
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By a British arms dealer and intelligence assets, Sir Douglas Lease.
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Almost immediately, Epstein and Hoffenberg hit it off.
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They shared an obsession with making money at all cost.
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And to Hoffenberg, Epstein was a genius with, quote, no moral compass, end quote.
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The dynamic duo joined forces in the Hoffenberg's company called Towers Financial Corporation,
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a very unassuming name that doesn't make you think twice.
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And they turned it into a multi-billion dollar enterprise.
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They traveled the world together, wanting and dining investors, selling bonds, and doing
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everything respectable businessmen are expected to do.
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Outside, the company was marketed as a debt collection agency.
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But on the inside, it was a classic Ponzi scheme.
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By 1993, Hoffenberg and Epstein had scammed over 200,000 investors out of $450 million.
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I ain't gonna lie, like, yeah, he flew out to the islands, but W businessman.
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Teachers, the elderly, businesses, you name it, they scammed it.
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They say a lot of stuff about Epstein, but, yo, he really got to it.
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It wouldn't be for another 10 years until Bernie Madoff came along and took that title
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And when the scheme was finally exposed, Hoffenberg took the fall and went to prison.
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But Epstein, he escaped without a single charge and up to $100 million in the bank.
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The worst financial fraud in history at the time made Epstein a nine-figure millionaire,
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And many believe that this is where Epstein got his initial money.
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That this Ponzi scheme was the seed money, the nest egg, that Epstein would use to fund
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A lot of people say they want Trump back, but, like, what do y'all think of this shit?
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Just saying, like, I prefer Trump to buy the two, but I don't know if I can get you
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An international operation recording the most powerful people in the world committing some
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If it wasn't for this Ponzi scheme, Epstein may never have gotten the initial boost he needed
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to finagle his way into the upper echelons of society.
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Traditionally, if you were looking at getting access to the best investments or asset managers,
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you had to be rich, famous, or the target of a Ponzi scheme.
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The best guys on Wall Street have always ignored everyday investors because they just won't
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Getting any sort of attention on Wall Street required you to already be ultra-wealthy.
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And for a group of smart people, that didn't sit well, so they created Titan, the premier
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It's the world's first direct-to-consumer investment platform for people who want their
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money actively managed by an award-winning investment team.
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Towers Financial Corporation was created in the 1970s by Hoffenberg as a debt collection
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People would end up owing money to things like hospitals, phone companies, and banks,
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Hospitals, phone companies, and banks would try to chase them down for the money, but it
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And after a while, they would just give up on it.
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So instead of just losing all the money, these companies would sell that debt to a debt collection
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agency, like Towers Financial Corporation, for pennies on the dollar.
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The debt collection agency would then work their magic to collect the money from those
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And since they bought the debt for pennies on the dollar,
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Any money they did collect would be very profitable.
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Or at least that's what Towers Financial was doing on the outside.
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To outsiders, Stephen Hoffenberg was the epitome of the American dream.
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He started his business with just $2,000 and turned it into an almost $100 million business.
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It looked like American entrepreneurship at its finest.
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It even had a couple of subsidiaries also involved in the debt collection business.
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Compared to other businesses in the same industry, Towers was generally an under-the-radar
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small-time corporation that no one paid any attention to.
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That was until our friend Epstein joined the team.
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When Epstein joined Towers in 1987, as Stephen Hoffenberg's right-hand man, the company started
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They bought two Illinois insurance companies, sold bonds for the companies to investors,
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and used that money to try to take over an airline, Pan American Airways.
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Ultimately, the deal failed, and a lot of money was lost.
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But strangely enough, Hoffenberg and Epstein didn't face any real backlash.
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If they could get away with losing millions of their investors' money,
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why couldn't they lose that money into their own pockets?
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what if they could continue losing money on failed business deals
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while really pocketing that money for themselves?
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And with Towers Financial's long-standing reputation as a real debt collection agency,
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In order to get people interested in investing in a Ponzi scheme,
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And that's exactly what Towers Financial appeared to be.
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By 1987, the company had been around for 17 years.
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It had a clean track record, minus the Pan Am disaster.
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But overall, it looked like a perfectly trustworthy business.
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One of the ways Towers made money was through bonds.
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It would sell a bond to an investor, promising to pay them a certain amount of interest over a period of time.
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Then on a specified date after paying all the interest, Towers would pay back the investors' original money.
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It's a practice used by many companies all over the world to raise money to expand their business.
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But according to Hoffenberg, he and Epstein saw an opportunity.
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Always a Hoffenstein, Goldmanstein, Hoffenberg.
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What if they could cook the books a little bit?
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You know, fudge the numbers to make it seem like they were making more money than they actually did.
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From 1988, Towers Financial Corporation went on a bond selling spree.
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Yo, the power of being a white guy on Wall Street, just like getting that trust initially is like, it's just being a white guy with a suit.
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And instead of showing investors the company's real finances, Epstein and Hoffenberg would use all the debt they bought for dirt cheap as their assets.
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For example, they would buy a million dollars worth of debt from a hospital for $50,000.
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But instead of listing the asset as $50,000 on their balance sheets, they would list it as the original $1 million.
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All of a sudden, instead of having $50,000 in assets, the company now had a million dollars, at least in the eyes of investors.
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They could just turn $50,000 into a mill like that?
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The people really getting money scam this shit to the ground.
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Of course, they're going to keep each other rich.
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It was a stupidly easy way to make the company go from being worth a few million to a few billion on paper.
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And let's face it, most of these debts were never going to be paid.
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So in reality, the company was worth orders of magnitude less than what our two Posse schemers advertised.
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Everything, the price of, everyone has to deal with the repercussions of this.
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Epstein was too charismatic, too cunning, too convincing.
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And the reputation Hoffenberg had created for Towers meant everything looked very real.
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Using his Wall Street connections, Epstein sold Towers' financial bonds to anyone and everyone.
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Over the course of six years, the company made over $450 million from duping investors in this manner.
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And once the money started flowing in, the rest of the Posse scheme fell into place.
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Someone said that's literally what China's doing to America right now.
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One of the first indicators that something was off at Towers Financial was the fact that Stephen Hoffenberg was in charge of almost every position.
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He was the founder, chairman, CEO, and the president of the company.
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In fact, Towers didn't even have a financial manager because Hoffenberg was just that good.
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This also meant that no one was there to oversee any of the financial decisions the company made.
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Which meant that Hoffenberg and Epstein were free to pocket that money as they pleased.
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They would continue selling bonds to investors based on those fake financial reports.
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They claimed to be collecting 30% of the debt they bought.
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You know what's fucked up is like people will get mad at the people who do PPP fraud and unemployment fraud to get like 50k, 20k.
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That level of scamming, that's who they indict.
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These dudes, bro, the government, the same people who are like, this needs to be stopped.
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These hoodlums, these thugs are scamming good government money.
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While the government, the same people are benefiting off of this shit.
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When the real number was closer to 3%, then they would use the money they made from selling more bonds to pay back earlier investors.
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And while doing that, they would make sure that a good chunk of it disappeared into their own pockets.
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Earlier investors were happy, they were happy, and new investors couldn't wait to get in.
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It was an insanely lucrative business, and Hoffenberg would use that money to fund equally crazy spending sprees.
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The biggest scammers are balling, doing whatever they want, while we're like, here's 30% of my money, because I care about the government.
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These are what the real people with money are doing.
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I'm scamming the shit out of all of us, fucking up inflation, fucking up the economy, while they fly out to Miami, buy property, get yachts, and do whatever they want.
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It could be millionaires or 84-year-old retired teachers.
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They worked hard for their money, and they were gonna spend it.
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And it was all thanks to Epstein's planning and execution.
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According to Hoffenberg, Epstein was the, quote, architect behind the scam, end quote.
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And Epstein allegedly made off with $100 million of the money for himself.
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And without warning, just as the walls were starting to close in on Towers Financial, Epstein jumped ship, taking his cut with them.
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Steven Hoffenberg had gotten a little too confident, and he attracted a little too much attention by trying to buy and save the dying New York Post.
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His knight in shiny armor act attracted too many eyeballs.
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And they got to wondering how he made his money.
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It didn't take a genius to figure out something was wrong.
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In February 1993, the SEC began civil action against Towers Financial Corporation.
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And a month later, the company declared bankruptcy.
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Like, yeah, he had a couple islands with some satanic rituals or whatever.
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Trust used Hoffenberg's company for his own gain and left it as it was burning to the ground.
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And for it, Hoffenberg got sentenced to 20 years in jail in 1997 when he was 52 years old.
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He wouldn't see the outset of his cell for the next 18 years.
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But up until today, he's still paying out the $462 million, or around three quarters of a billion dollars in today's money, he owes to his victims.
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Back when the case against Towers Financial was still ongoing, two other high-level executives were sentenced to seven and nine years for their participation in the scheme.
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But Epstein, the architect behind the scam, the genius with no moral compass, he wasn't one of them.
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And somehow, he got away without a single charge.
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From that point on, Epstein would use that Ponzi scheme money to slither his way into the most powerful circles in the world.
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Eventually setting up his operation, where he would bring powerful, wealthy people to his properties to party, have underage girls there, and record all these powerful men with the girls via secret hidden cameras.
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And that's how they get him to do whatever you want.
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Got in trouble with the law, the same pattern would play out.
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It was almost as if he had a guardian angel looking over him to make sure he could keep doing what he was doing.
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In 2006, Epstein would get arrested on charges of soliciting a prostitute and for procuring a minor for prostitution.
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Magically, he ended up getting the deal of a lifetime.
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But even the judge admitting that he was told Epstein, quote, belonged to intelligence, end quotes.
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That Epstein's purpose was, quote, above his pay grade, end quotes.
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And that he had to, quote, leave it alone, end quotes.
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Hoffenberg did meet Epstein through a British arms dealer and intelligence assets.
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Was Epstein really an undercover operative getting blackmail material on the rich and powerful for some intelligence agency?
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That is exactly what we go over in our new feature-length documentary on Epstein called The Man That Didn't Kill Himself.
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Oh, the camera's turned off in the prison.
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Yo, you definitely need to go watch the documentary.
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If you still trust the government, if you still, like, don't doubt, if you still doubt conspiracy theories and shit like that, look up Epstein.
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And then everything will start to make sense because really all the most powerful people were involved with him, all of them, the Clintons, Trump, probably Elon, all the famous celebrities, they were all going to that island too.