Epstein’s case exemplifies how federal law doesn’t apply to the financial elite. In 1970, Congress enacted the Bank Secrecy Act, making it a crime for banks to keep secrets from the government. Banks were required to file a federal report for any cash transaction exceeding $10,000. The IRS has devastated many small businesses for inadvertently violating that law, as I detailed on Sunday in a New York Post piece.
He seems to be doing a pretty good job so far. Everyone is talking about Kimmel not Epstein.