DETROIT, MI – Newly released records from the U.S. Department of Justice show that Jeffrey Epstein once described Detroit, during its bankruptcy, as a place ripe for financial experimentation and was later tied indirectly to allegations involving the city’s pension system.
In emails sent in 2013, shortly after Detroit filed for Chapter 9 bankruptcy, Epstein referred to the city as “bankrupt” and “desperate,” suggesting it could serve as a testing ground for new currency ideas.
In one message, he questioned the impact of Detroit’s bankruptcy, and in another said he had discussed using the city as a “petri dish” for monetary experiments…