An executive order that President Trump issued in December of 2017 could spell trouble for Jeffrey Epstein when it comes to his billions of dollars of assets!
The executive order was put into place by the president as part of his declaration of a national emergency regarding global human rights abuses and corruption. Part of it dictates that the United States government has the right to seize “all property and interests in property that are in the United States” from human rights violators!
Many are suspecting that this executive order will be used to take all of Jeffrey Epstein’s assets from him over the charges he is facing of sex trafficking and pedophilia.
Take a look at what people are saying about the implications that the executive order has for Epstein on Twitter:
Some are speculating that Epstein's billions could be used by the U.S. goverment to help pay off the national debt:
Others are wondering about the far-reaching consequences that the executive order could have for certain other men implicated in the Epstein case...
Here's an excerpt from the official White House executive order declaring the seizure of human rights offenders' assets:
I, DONALD J. TRUMP, President of the United States of America, find that the prevalence and severity of human rights abuse and corruption that have their source, in whole or in substantial part, outside the United States, such as those committed or directed by persons listed in the Annex to this order, have reached such scope and gravity that they threaten the stability of international political and economic systems. Human rights abuse and corruption undermine the values that form an essential foundation of stable, secure, and functioning societies; have devastating impacts on individuals; weaken democratic institutions; degrade the rule of law; perpetuate violent conflicts; facilitate the activities of dangerous persons; and undermine economic markets. The United States seeks to impose tangible and significant consequences on those who commit serious human rights abuse or engage in corruption, as well as to protect the financial system of the United States from abuse by these same persons.
I therefore determine that serious human rights abuse and corruption around the world constitute an unusual and extraordinary threat to the national security, foreign policy, and economy of the United States, and I hereby declare a national emergency to deal with that threat.
I hereby determine and order:
Section 1. (a) All property and interests in property that are in the United States, that hereafter come within the United States, or that are or hereafter come within the possession or control of any United States person of the following persons are blocked and may not be transferred, paid, exported, withdrawn, or otherwise dealt in:
(i) the persons listed in the Annex to this order;
(ii) any foreign person determined by the Secretary of the Treasury, in consultation with the Secretary of State and the Attorney General:
(A) to be responsible for or complicit in, or to have directly or indirectly engaged in, serious human rights abuse;
(B) to be a current or former government official, or a person acting for or on behalf of such an official, who is responsible for or complicit in, or has directly or indirectly engaged in:
(1) corruption, including the misappropriation of state assets, the expropriation of private assets for personal gain, corruption related to government contracts or the extraction of natural resources, or bribery; or
(2) the transfer or the facilitation of the transfer of the proceeds of corruption;
(C) to be or have been a leader or official of:
(1) an entity, including any government entity, that has engaged in, or whose members have engaged in, any of the activities described in subsections (ii)(A), (ii)(B)(1), or (ii)(B)(2) of this section relating to the leader’s or official’s tenure; or
(2) an entity whose property and interests in property are blocked pursuant to this order as a result of activities related to the leader’s or official’s tenure; or
(D) to have attempted to engage in any of the activities described in subsections (ii)(A), (ii)(B)(1), or (ii)(B)(2) of this section; and
(iii) any person determined by the Secretary of the Treasury, in consultation with the Secretary of State and the Attorney General:
(A) to have materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of:
(1) any activity described in subsections (ii)(A), (ii)(B)(1), or (ii)(B)(2) of this section that is conducted by a foreign person;
(2) any person whose property and interests in property are blocked pursuant to this order; or
(3) any entity, including any government entity, that has engaged in, or whose members have engaged in, any of the activities described in subsections (ii)(A), (ii)(B)(1), or (ii)(B)(2) of this section, where the activity is conducted by a foreign person;
(B) to be owned or controlled by, or to have acted or purported to act for or on behalf of, directly or indirectly, any person whose property and interests in property are blocked pursuant to this order; or
(C) to have attempted to engage in any of the activities described in subsections (iii)(A) or (B) of this section.
The full thing can be read here.
For a background as to why the executive order was originally issued, Politico explained:
President Donald Trump cracked down Thursday on individuals and groups that his administration deems to be perpetrators or enablers of human rights abuses and corruption, the first action under a broad sanctions law passed a year ago.
Trump signed an executive order declaring a national emergency related to “serious human rights abuse and corruption around the world” and imposed sanctions on 13 individuals, using his authority under the 2016 Global Magnitsky Act.
The Treasury Department sanctioned an additional 39 people and entities for alleged human rights abuses and corruption, for a total of 52 targets. Among those sanctioned is the son of Russia's prosecutor general.
The executive order says “the prevalence and severity of human rights abuse and corruption" outside of the United States "have reached such scope and gravity that they threaten the stability of international political and economic systems.”
Fortune had the following to say about what could happen to Epstein's assets:
Now that federal prosecutors have multi-millionaire Jeffrey Epstein in custody on alleged sex trafficking charges, many are wondering: What will happen to the hedge fund manager's fortune?
While Epstein's defense attorneys are trying to get him out of jail by seeking bail, prosecutors have asked a federal judge in New York to deny the request. They argue that Epstein's wealth and the severity of the charges make him a severe flight risk who should remain locked up. His bail hearing is scheduled for July 15.
Meanwhile, according to an indictment, prosecutors say they are seeking a forfeiture of Epstein's luxurious Manhattan mansion where he allegedly ran a part of his trafficking ring. They claim the eight-story building is worth $77 million.
To figure out what might become of Epstein's properties, his jet (dubbed the "Lolita Express) and his supposed hedge fund fortune, we turned to former federal and state prosecutor Elie Honig. Honig is a former Assistant U.S. Attorney for the Southern District of New York, the same office that charged Epstein, and is now a legal analyst for CNN.
Honig points out that the indictment says that prosecutors can go after "any and all property that was either used in the course of the crime or as an instrumentality or proceed of the crime."
"With a wealthy guy like Epstein, if he's found guilty, I would attempt to seize all of his assets connected with the crimes, and ensure victims get paid restitution owed to them," Honig said. "But that can never be in lieu of serving appropriate jail time."
Given the secretive nature of Epstein's line of work, the scope of his net worth is not yet clear. But prosecutors may unravel that as they typically seek forfeiture of any property and assets in every case as potential leverage, Honig says. Prosecutors are likely to tack on restitution for any alleged victims who come forward, which could be many women and could cost Epstein potentially millions of dollars if there's a conviction.
"Forfeiture can be a very powerful tool for prosecutors," said Honig. "Of course, defendants want to protect their liberty first and foremost, but they also want to hold on to their money, assets, and properties."
City & State New York also commented on why the government could take Epstein's possessions under their control:
Jeffrey Epstein is facing more than just prison. The federal government is also seeking to seize the notorious hedge fund manager’s Manhattan mansion, according to the indictment that was unsealed on Monday.
One might have assumed that homes are seized only in response to financial crimes to reimburse the government for unpaid taxes or to make restitution to victims of fraud – like in the Bernie Madoff case. In fact, the statute used by federal prosecutors in Epstein’s case states that properties that are used to facilitate violations of the criminal code on human trafficking are also subject to forfeiture. If Epstein is convicted, the end result might be a steeply discounted mega-mansion just steps from Fifth Avenue – for a buyer who doesn’t mind the building’s alleged shady history.
A spokeswoman for the Southern District of New York told City & State that it is not unusual to seek the seizure of property and that the Epstein case is an appropriate situation in which to do so, because of how central Epstein’s seven-story Upper East Side mansion is to the alleged crimes outlined in the 14-page indictment. The home is the location in New York where Epstein is accused of bringing women and underage girls to perform “massages” that turned into other sexual acts. He is additionally alleged to have coerced women and girls to recruit others to be brought to the townhouse, where they were subjected to similar abuse.
Criminal asset forfeiture occurs when there is significant association between the crime and the property. It is often associated with drugs, terrorism or money laundering – a house or garage where drugs or bombs are made, for example. Sex crimes may be a less typical application, but in this case it is similarly viewed as a tool of the alleged crimes.
Markets Insider has details on what possesions make up the Epstein fortune that could be seized by the government:
- The wealthy financier Jeffrey Epstein was arrested over the weekend and is facing charges of sex trafficking and conspiracy in federal court.
- Court documents unsealed Monday say Epstein must forfeit any property connected with the crimes alleged against him.
- Epstein owns a laundry list of bizarre and expensive assets, some of which may not be forfeited to authorities.
- Read more on Markets Insider.
Over the weekend, the mysterious financier Jeffrey Epstein was arrested on charges of sex trafficking. He is accused of using his wealth to run a sex-trafficking operation that prosecutors allege victimized girls as young as 14.
The indictment says that Epstein must forfeit "any property, real and personal, that was used or intended to be used to commit or to facilitate the commission of the offence alleged." This includes a mansion on the Upper East Side of Manhattan, New York, an estate in Palm Beach, Florida, and a private jet.
But that is just the beginning of a long list of assets owned by Epstein. Here are some of the assets that Epstein reportedly owns, or has owned, over the years.
1. Manhattan mansion
2. Palm Beach estate
3. Private jet nicknamed the “Lolita Express”
4. Little St. James Island
5. Zorro Ranch in New Mexico
6. Apartment in Paris
7. Multiple luxury cars
8. Three US passports
9. Steinway piano
10. Many pieces of art
Do you think that ALL OF Epstein's assets should be seized by the U.S. government?
If so, let's send a message of our, the people's, approval for Trump and our government to make sure it happens!
If you agree that President Trump should use the executive order he issued in 2017 to take away Epstein's fortune from him, please take a moment to sign this petition: