wrongdoing

Epstein’s longtime accountant testifies on his wealth and business ties

House lawmakers were digging into Jeffrey Epstein’s sprawling financial portfolio on Wednesday as a committee deposed his former accountant and tried to understand his connections to some of the world’s wealthiest men.

Richard Kahn, who worked closely with Epstein for years and now serves as an executor of his estate, appeared for the closed-door deposition on Capitol Hill. He told lawmakers that he had not personally seen evidence of Epstein’s sexual abuse, but provided a fuller picture of how Epstein acquired his wealth. The wealthy financier made hundreds of millions of dollars over two decades, during which he struck up friendships with some of the world’s most powerful men.

Kahn “was under the impression that Epstein made his money as a tax advisor and a financial planner,” said Rep. James Comer, the Republican chair of the House Oversight Committee. Lawmakers argued that a fuller picture of Epstein’s finances could help the public understand how, for years, he was able to get away with trafficking and sexually abusing underage girls.

“Jeffrey Epstein’s sex trafficking ring would not have been possible without Richard Kahn, who managed Epstein’s money for years, authorized payments, including payments to victims and survivors,” said Rep. James Walkinshaw (D-Va.), who added that Kahn told them he was unable to recall details of some of the transactions and communications that he was asked about.

Kahn has said that he was unaware of Epstein’s sexual abuse and had not seen any of his victims.

Comer (R-Ky.) also said that lawmakers confirmed during the deposition that Epstein received significant amounts of money from former retail shopping chain executive Les Wexner, hedge fund manager Glenn Dubin, tech entrepreneur Steven Sinofsky, investor Leon Black and the Rothschilds, a wealthy banking family.

None of those people have been accused of wrongdoing in their relationships with Epstein, but Democrats on the committee argued that anyone with ties to the wealthy financier should be scrutinized. Wexner was deposed by the committee last month, and Comer has also called on Black, among several others, to appear for transcribed interviews.

Kahn also told lawmakers that Epstein had financial ties to Ehud Barak, who was the prime minister of Israel from 1999 to 2001, according to Democratic Rep. Suhas Subramanyam. Barak has not been accused of wrongdoing and has said he regrets his friendship with Epstein.

Comer also said Wednesday that the committee has reviewed over 40,000 documents that it subpoenaed from JPMorgan Chase and Deutsche Bank. Epstein was connected to at least 64 business entities, according to Comer.

Republican President Trump has strongly denied any wrongdoing in his own ties to Epstein, and Comer said that Kahn had never seen any financial transactions between Epstein and Trump. Comer said that Kahn is the latest witness to testify that they had never seen Trump doing anything wrong with Epstein.

“The investigation’s about getting the truth to the American people, trying to figure out how the government failed, answer questions we all have,” Comer said.

Groves writes for the Associated Press.

Source link

Attorneys for LA superintendent deny wrongdoing after FBI raid

Los Angeles Unified School District Superintendent Alberto Carvalho interacts with students in a classroom at Marlton School, a public special school for the deaf and hard of hearing students in Los Angeles. File Photo by Etienne Laurent/EPA-EFE

March 11 (UPI) — A superintendent in Los Angeles whose home and office was raided by the FBI last month released a statement Wednesday denying any wrongdoing.

Attorneys for Alberto Carvalho, the superintendent who is on administrative leave following the raid, said in the statement that they hope he is reinstated promptly. Carvalho is the superintendent of the Los Angeles Unified School District

“Mr. Carvalho remains confident that the evidence will ultimately demonstrate that he acted appropriately and in the best interests of students,” the law firm Holland & Knight said in a statement. “Mr. Carvalho respects the rule of law and the investigative process and has always acted in the best interest of students and within the bounds of the law.”

The attorneys and FBI have not clarified why Carvalho’s home and office were raided or what sparked the investigation into the superintendent.

“While the government’s investigation remains ongoing, no evidence has been presented by prosecutors supporting any allegation that Mr. Carvalho violated federal law,” the statement said.

The Los Angeles Unified School District is scheduled to hold its first regular school board meeting since the raid on Tuesday. It will be a closed session meeting. The agenda for Tuesday’s meeting includes a discussion about labor agreements.

Former teacher, principal and superintendent Andres E. Chait is serving as acting superintendent.

Source link