Welcome to Sott.net
Mon, 26 Aug 2019
The World for People who Think

Society's Child
Map

Briefcase

Nothing to see here! Epstein created $578M trust two days prior to his death

Epstein Will
© New York Post
Disgraced financier and convicted pedophile Jeffrey Epstein reportedly wrote a final will just two days before killing himself in a New York jail, placing $578 million in assets into a trust, which could hinder efforts to collect damages by women he sexually abused.

Epstein named lawyers Darren K. Indyke and Richard D. Kahn the executors of his assets in the trust, which could shield them from his victims seeking damages.

The will was filed Aug. 15 with the court in the U.S. Virgin Islands.

A third person, Boris Nikolic, a biotech venture capitalist, was named as a backup executor in case one of the others couldn't or wouldn't serve. Nikolic said Monday he was "shocked" to be named in the will, according to Bloomberg."I was not consulted in these matters and I have no intent to fulfill these duties, whatsoever," Nikolic said in an emailed statement.

Epstein owned a lot of real estate, including a ranch in New Mexico, a mansion in Manhattan and a private Caribbean island. The properties are held through various entities named in the will.

According to Epstein's last will and testament, the total value of his estate is $577,672,654:
  • Cash: $56,547,773
  • Fixed Income Investments: $14,304,679
  • Equities: $112,679,138
  • Aviation Assets, Cars, Boats: $18,551,700
  • Hedge Funds and Private Equity Investments: $194,986,301
  • New York Mansion: $55,931,000
  • New Mexico Ranch: $17,246,208
  • Palm Beach Home: $12,380,209
  • Paris Property: $8,672,823
  • Great St. James Island: $22,498,600
  • Little St. James Island: $63,874,223
The $578 million doesn't include Epstein's extensive art collection, which is subject to appraisal.

Comment: More from Yahoo News (Bloomberg) 20/8/2019:
The will and assets list were first reported Monday by the New York Post. The assets listed are similar to those in Epstein's unsuccessful bail request after his July 6 arrest.

Epstein's trust, known as The 1953 Trust, remains a private document whose details won't have to be disclosed by the court. In addition to determining how his assets will be used, the executors can "litigate, defend, compromise, settle, abandon or submit to arbitration" any claims against his estate, according to the document. There's no reference to his arrest or the investigation.

Epstein's brother, Mark, is listed as his next of kin. Indyke, who had served as an attorney for Epstein, and Kahn are "investigating potential debts and claims of the estate and at this time they are unknown," according to the court petition for their appointment.

The document doesn't name the trustees for the Epstein entity.

The will was witnessed by Mariel Colon Miro, a criminal defense attorney for the law office of Michael Lambert, and Gulnora Tali, who's also an attorney with a private practice. Colon Miro and Tali didn't immediately respond to phone calls seeking comment.

And who are his will's executors?

Darren K. Indyke and Richard D. Kahn are his long-time New York-based lawyers who disbursed financial contributions to politicians' election campaigns - either directly or via charity fronts - at least a few of which were named - in court, in the days running up to his suicide - as beneficiaries of sex with Epstein's 'harem of minors'...


Star of David

'50-year-old Palestinians have never lived in freedom': Geraldo Rivera slams Israeli Ambassador for ignoring the occupation

Fox News Geraldo Rivera Palestine

Geraldo Rivera shows off his Star of David tattoo when criticizing Israel on Fox News, August 19, 2019.
Israel's denial of entry to Reps. Rashida Tlaib and Ilhan Omar has continued to raise consciousness in the United States. Yesterday Fox News invited regular contributor Geraldo Rivera on to discuss the trip to Palestine that didn't happen, and Rivera became impassioned, slamming the Israeli ambassador Danny Danon for not acknowledging the occupation and saying that if the situation didn't involve Israel and Jews, "we would all be outraged."
It is absolutely outrageous that two sitting members of the Congress of the United States of America, a country that gives Israel over $3 billion a year in aid, were denied entry into the country. I am shocked that the ambassador did not mention 52 years of Israeli occupation of the Palestinian territories. These are people who are being denied their human rights. They can't freely travel. The fact that the congresswoman from Detroit could not go and visit her grandmother- I just think that if it were not Israel and it was not the Jews, if it was any other country that took this action, we would all be outraged.
(Danon was given a chance to respond and said the congresswomen had "wanted to create a provocation." And maybe you should keep your provocation in the United States, not bring it to us, he went on. Also, Israel doesn't have a viable partner to negotiate with. "American people know that... We are a peaceful nation but we live in a very tough neighborhood.")

Comment: No matter how much one slavishly declares love for Israel, criticism of the apartheid state is taboo.


Light Saber

Huawei outlines its battle plan to survive US trade war

Huawei
To say that 2019 has been rough for Huawei would be the understatement of the century. The first half of the year saw the company hit with privacy concern after privacy concern, ultimately resulting in a trade ban from the United States. The U.S. government recently gave Huawei a 90-day extension that allows it to continue trading with U.S. companies, but once those 90 days are up, Huawei's future continues to be uncertain.

In light of all this, Huawei founder Ren Zhengfei recently sent out a memo to his employees to outline the company's "battle plan" as it gets ready to fight through its impending "live-or-die" moment.

The letter reads:
The company is facing a live-or-die moment. If you cannot do the job, then make way for our tank to roll; And if you want to come on the battlefield, you can tie a rope around the 'tank' to pull it along, everyone needs this sort of determination!

Comment:


Attention

Pay rates for bosses at top firms drop - still more than 100 times average salary

The London Stock Exchange

The London Stock Exchange
Bosses at Britain's biggest firms are taking home smaller pay packages on average, but their remuneration still massively outstrips that of the average worker, new research has shown.

Chief executives at FTSE 100 companies were paid £3.46 million in 2018 on a median basis, down 13% compared with £3.97 million the previous year, according to the latest CIPD and High Pay Centre analysis.

This means CEO pay is round 117 times that of the average UK full-time worker, who makes £29,574 per year.

Eye 1

New 'cultural norm': Child sex-trafficking more common in US than people realize, government dedicates few resources to combat it

child abuse
© Tinnakorn jorruang, Shutterstock
Anti-trafficking activist Jaco Booyens said President Donald Trump has done more to fight child sex-trafficking than any other world leader, but the United States has a long way to go in protecting American youth.

Sex-trafficking has been a major issue recently as financier Jeffrey Epstein, who was charged with sex-trafficking and conspiracy, died Saturday in his Manhattan jail cell while awaiting trial. Alleged victims are coming out with their stories and lawsuits against his estate.

Booyens is the founder of SHAREtogether, a non-profit that fights child sex-trafficking around the world. He is also the president and CEO of film company After Eden Pictures, and director of the movie "8 Days," which tells the story of a young girl who fell victim to trafficking. Booyens has been part of the effort to conquer sex-trafficking since 2001, he said.

Comment: It's an outright crime that governmental resources aren't seriously dedicated to fighting against child sex trafficking. It's indicative of the types of people who occupy seats of power. Sexual predation is indeed much, much worse than most people realize. See Anna Salter's work here and here to get an idea of just how bad it is.


Arrow Down

School forced black student to 'Sharpie in' his haircut: lawsuit

black student sharpie haircut
© Facebook
Another black student has been humiliated by school faculty over hair.

Pearland Independent School District in Texas is being hit with a lawsuit by parents Dante Trice and Angela Washington, who say faculty at Berry Miller Junior High School disciplined their son, J.T., by using a black Sharpie marker to color in the boy's fade haircut, which staffers allege violates the school's dress code.

According to the suit, the 13-year-old got a "fade haircut with a design line" on April 16, featuring a track — like an artificial hair part — resembling the letter M.

"The haircut did not depict anything violent, gang-related, obscene or otherwise offensive or inappropriate in any manner. J.T. did not believe the haircut violated any school policy," the suit stated, according to NBC News.


Comment: We're living in an age where teachers act just as cruel as some of the children in their charge. That said, the callous and inappropriate punishment doesn't automatically translate into racism. These school officials would likely do better with basic discipline training and relationship building over 'discrimination training' to know what to do and when it should be applied.


Passport

Trump administration sets new rules that could hold undocumented families detained together indefinitely

Acting Homeland Security Secretary Kevin McAleenan
© Anna Moneymaker/Getty Images
Acting Homeland Security Secretary Kevin McAleenan listens during a hearing with the Senate Judiciary Committee on Capitol Hill in Washington on June 11, 2019.
The Trump administration on Wednesday announced plans that could hold undocumented families detained together indefinitely, replacing the agreement that set a 20-day limit for holding children.

The rule unveiled by acting Homeland Security Secretary Kevin McAleenan is part of the administration's aggressive effort to revamp immigration laws as the number of families and unaccompanied minors crossing the US-Mexico border has increased.

Comment:


Sheriff

Philadelphia's police commissioner resigns as bias suit roils the department

RichardRoss
© AP/Matt Rourke
Philadelphia Police Commissioner Richard Ross
Philadelphia's police commissioner resigned Tuesday amid allegations that members of his department engaged in sexual harassment and racial and gender discrimination against two women serving in the ranks.

Mayor Jim Kenney said in a news release he was disappointed to lose Commissioner Richard Ross Jr., but in light of the new allegations, he said Ross' "resignation is in the best interest of the department."

Kenney spokeswoman Deana Gamble said Ross offered his resignation after Kenney learned details of the allegations by the women, including one who says she once had an affair with Ross.

The corporal and patrol officer made the allegations against several department employees. Gamble said Ross knew about the alleged harassment and failed to respond adequately.

Eye 1

Willful ignorance or complicity: Newly released images show Prince Andrew inside paedophile Epstein's mansion in 2010 - UPDATES

prince andrew epstein house
© Daily Mail
On December 6 2010, paedophile Jeffrey Epstein was seen leaving his home on New York's East 91st Street before Prince Andrew was also spotted inside
Standing by the towering 15ft-high solid oak front door, Prince Andrew gives a nod and a cheery wave to the pretty brunette as she leaves the £63 million Manhattan mansion.

He appears entirely at ease but then, for a split second, glances around the door as if to check that no one had witnessed the brief encounter.

As well he might.

For these exclusive pictures come from a never-before-seen video of the Duke of York staying at the New York home of convicted paedophile Jeffrey Epstein. And some of the other images caught on camera make for disturbing viewing.

Comment: UPDATE: Reportedly the brunette has been identified as Katherine Keating daughter of former Aussie PM Paul Keating.

It's also been revealed that flight logs show that Prince Andrew flew with one of Epstein's victims, 'sex-slave' Virginia Roberts, to London, New York and the Caribbean in 2001. At this point the royal family has yet to answer questions regarding just what the Duke of York was doing flying around in Epstein's rape jet with teenage girls.

See also:


Stormtrooper

US-trained Honduran police get brutal as political prisoner Edwin Espinal is released

riot police honduras protests
© Jorge Cabrera/Reuters
Riot police run in front of a cloud of tear gas during a protest against Honduras President Juan Orlando Hernandez, in Tegucigalpa, August 6, 2019.
"It's sad how the United States is supporting this corrupt government," Honduran political prisoner Edwin Espinal told MintPress News immediately after his release from prison, where he had spent 19 months.

Edwin's case — and the medieval violence to which U.S.-trained police in Honduras tried to subject me — perfectly illustrate the often lethal repression that has fueled the migrant crisis. After hours of police hurling stones and tear gas at student protesters last week, young children gathered the aluminum scraps from the ground to sell, underscoring that the poverty brought on by U.S.-backed neoliberal measures has gone hand-in-hand with police violence in fueling the human-rights catastrophe at the heart of the central American exodus.

Comment: