In the years that followed, Epstein flaunted his wealth and appeared eager to promote himself as a billionaire hedge fund manager that accepted only billion dollar accounts. Hoffenberg has alleged in an affidavit filed in a previous court case that Epstein was a major participant in the Ponzi scheme. Epstein moved on to collect $25,000 a month from Towers Financial, whose CEO Steven Hoffenberg went to prison for 20 years for turning the company into a $450 million Ponzi scheme. Epstein’s exit from Bear Stearns coincided with an SEC investigation of the firm, the details of which remain murky. He traded up from that position to work for Wall Street investment bank Bear Stearns, which blew itself up in the early days of the financial crash of 2008.
So he simply generated fake investment statements to reassure his thousands of clients of his trading prowess and didn’t buy one stock for their portfolios over the decades he was looting their assets, according to prosecutors.īut the criminal profile that emerges for Jeffrey Epstein is that of a man so arrogant and confident of his genius that he felt he could beat anybody – by hook or by crook, or by hiring ruthless lawyers to intimidate and compromise Federal prosecutors.Īrmed with an aptitude for physics and math, Epstein became a math teacher at the exclusive Dalton School in Manhattan – despite the fact that he lacked a college degree. Its customers include household names like the Campbell Soup company, industrial giant GE and The Gap, and 10,000-seat deals with large customers are not uncommon.īox's low share price, down 52 percent since its debut on the New York Stock Exchange, also creates an opportunity.Is Jeffrey Epstein, the accused sex trafficker and sexual assaulter of dozens of underage girls potentially guilty of financial crimes as well? His criminal profile suggests that may well be worth investigating.īernie Madoff knew he was no genius and could never compete with the physics and math geniuses employed by the major trading firms on Wall Street. It's a different company today, with a fully imagined long-term strategy to help specific industries build custom applications and to act as the central cog connecting numerous existing business apps including Microsoft's Office,, and, by the way, Google Apps. Migrating it to Google's cloud service would be a big job.īox: The cloud storage, sharing and collaboration platform was the darling of Silicon Valley ahead of its IPO last year. One important complication: Slack runs entirely on Amazon Web Services. It's also working on enhancing the service with AI features that would give the Slack application the brains to anticipate a user's day-to-day business needs, boosting its appeal in an area Google already considers a priority.Īnd valued at less than $4 billion as of its most recent funding round, Slack is affordable. While generally known as a popular tool at young tech and media companies, it's on track to launch an enterprise version that delivers the scale necessary for use in larger companies sometime this year.
Slack: The fast-growing workplace messaging app boasts three million users every day, and about a third of them use it from accounts paid for by their employers.
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