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House Lawmakers Examine Jeffrey Epstein’s Financial Network in Closed-Door Deposition​

Committee Questions Epstein’s Former Accountant Over Wealth and Financial Connections​

House lawmakers intensified their investigation into Jeffrey Epstein’s financial network on Wednesday, focusing on how the disgraced financier accumulated vast wealth and maintained ties with some of the world’s most influential figures.

The House Oversight Committee conducted a closed-door deposition with Richard Kahn, Epstein’s longtime accountant who now serves as executor of his estate. Lawmakers sought clarity on Epstein’s financial dealings, the origins of his wealth, and the structure of his financial operations.

Accountant Describes Epstein’s Wealth-Building Activities​

During the deposition, Kahn told lawmakers that he had not personally witnessed evidence of Epstein’s sexual abuse. However, he provided insight into the financial activities that helped Epstein build hundreds of millions of dollars over roughly two decades.

According to Kahn, Epstein earned much of his wealth through work as a tax advisor and financial planner. Over the years, the financier cultivated relationships with several prominent individuals, which lawmakers believe may have contributed to his financial influence.

Lawmakers Seek Answers on Financial Management​

Members of the committee emphasized that understanding Epstein’s financial operations could help explain how his trafficking activities continued for years without exposure.

Representative James Walkinshaw stated that Epstein’s trafficking operation could not have functioned without the financial management handled by Kahn, who oversaw payments and authorized transactions during his time working for Epstein. Walkinshaw said Kahn acknowledged difficulty recalling details about certain transactions and communications when questioned by lawmakers.

Kahn maintained that he had no knowledge of Epstein’s sexual abuse and said he had never encountered any victims.

Prominent Figures Linked Through Financial Transactions​

During the deposition, lawmakers confirmed that Epstein had received substantial sums of money from several wealthy individuals and entities. These included former retail executive Les Wexner, hedge fund manager Glenn Dubin, technology entrepreneur Steven Sinofsky, investor Leon Black, and members of the Rothschild banking family.

None of these individuals have been accused of wrongdoing in connection with Epstein.

Some committee members argued that anyone with financial or personal ties to Epstein should be examined more closely as part of the investigation. Wexner had previously appeared before the committee for questioning last month, and additional figures have been requested to participate in interviews.

International Financial Ties Also Reviewed​

Lawmakers were also told that Epstein maintained financial connections with Ehud Barak, who served as Israel’s prime minister from 1999 to 2001. Barak has not been accused of wrongdoing and has previously said he regrets his association with Epstein.

Tens of Thousands of Financial Records Examined​

The committee has reviewed more than 40,000 documents obtained through subpoenas issued to JPMorgan Chase and Deutsche Bank. According to lawmakers, Epstein was connected to at least 64 different business entities.

Republican President Donald Trump has denied any wrongdoing related to his past association with Epstein. During the deposition, Kahn said he had never seen any financial transactions between Epstein and Trump.

Lawmakers said the investigation is aimed at understanding how Epstein’s operations functioned and determining whether institutional failures allowed his activities to continue for years.
 

Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.

The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.

Editorial Note

This news article was written and created by Karthik, and published on IST.
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