WEBVTT - What to Expect in the DOJ Epstein Files Release

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>A mid twenty twenty five's blur of news, one story

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<v Speaker 2>keeps coming back. There are new developments in the Jeffrey

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<v Speaker 2>Epstein investigation.

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<v Speaker 1>Related to the case of convicted sex offended financier Jeffrey Epstein.

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<v Speaker 2>There's been a drumbeat of new details about the late

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<v Speaker 2>convicted sex trafficker, about his connections to political and financial elite,

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<v Speaker 2>about his emails, all seeming to raise more questions than

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<v Speaker 2>they answer. How did Epstein exploit so many underage girls

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<v Speaker 2>for so long with little consequence while maintaining a circle

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<v Speaker 2>of powerful friends. But answers have appeared close at hand.

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<v Speaker 2>Here's then presidential candidate Trump on Fox and Friends in

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<v Speaker 2>the summer of twenty twenty four, would you declassify the

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<v Speaker 2>Epstein files? Yeah, Yeah, I would. Now, after months of

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<v Speaker 2>stops and starts and pressure from the left and right,

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<v Speaker 2>the release of the Epstein files may be near. In November,

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<v Speaker 2>the House and Senate past to bill mandating that the

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<v Speaker 2>Department of Justice released the documents within thirty days were

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<v Speaker 2>by December nineteenth.

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<v Speaker 3>It's become the biggest political story of twenty twenty five.

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<v Speaker 2>That's Bloomberg investigative reporter Jason Leopold. Jason has been tracking

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<v Speaker 2>the Epstein story closely in his weekly Foy of Files

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<v Speaker 2>newsletter and on his new podcast for Bloomberg called Disclosure.

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<v Speaker 3>That kind of pressure and that kind of coverage around

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<v Speaker 3>it is kind of forced the hand of the Department

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<v Speaker 3>of Justice, the FBI, who clearly sought to keep this

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<v Speaker 3>under wraps.

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<v Speaker 2>Jason's specialty is obtaining documents using the Freedom of Information Act,

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<v Speaker 2>so he's just the guy to walk us through what

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<v Speaker 2>to expect when the government is on the clock to

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<v Speaker 2>turn over a trove of material. I'm David Gura, and

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<v Speaker 2>this is the big tape from Bloomberg News today on

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<v Speaker 2>the show, What we can expect from the Epstein Files?

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<v Speaker 2>What more is there to learn from these documents? What

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<v Speaker 2>the government might release, and what it might hold back. Jason,

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<v Speaker 2>it's hard to believe, but it's been more than six

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<v Speaker 2>years since Jeffrey Epstein was found dead in a jail

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<v Speaker 2>cell in Manhattan, and we do know a good deal

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<v Speaker 2>about him. We've learned a lot more here in recent

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<v Speaker 2>months and years. He was the subject of two federal investigations.

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<v Speaker 2>We've heard about the billions of dollars that flowed through

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<v Speaker 2>the accounts that he had at major financial institutions. Then

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<v Speaker 2>of course through the emails the correspondence that we've seen

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<v Speaker 2>a lot of them show his connections to the rich

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<v Speaker 2>and powerful. So at this stage, what is there that

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<v Speaker 2>we do not know about Jeffrey Epstein.

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<v Speaker 1>There's actually a lot we don't know.

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<v Speaker 3>What we don't know relates to, certainly the source of

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<v Speaker 3>his wealth, very very important. We don't have a real

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<v Speaker 3>understanding as to how Jeffrey Epstein made all of this money.

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<v Speaker 3>And it's not to say that the federal government necessarily

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<v Speaker 3>has the answer to that question in these documents, but

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<v Speaker 3>it's one of the unanswered questions that has persisted for many,

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<v Speaker 3>many years. And in addition to that, we also don't

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<v Speaker 3>really know how the government conducted its investigation, how that

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<v Speaker 3>investigation unfolded by the FBI. We have some sense as

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<v Speaker 3>to how the sweetheart deal, very controversial plea deal that

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<v Speaker 3>he entered into with prosecutors in Florida in Florida came about,

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<v Speaker 3>but what led up to it, What was happening behind

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<v Speaker 3>the scenes, What did the FBI find, Who did they interview,

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<v Speaker 3>what sorts of documents did they collect bank records other

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<v Speaker 3>types of records That would shed even more light as

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<v Speaker 3>to how that sort of actored into the deal that

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<v Speaker 3>he signed that kind of spared him from federal charges.

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<v Speaker 2>A few weeks ago, Preston Trump signed the Epstein Files

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<v Speaker 2>Transparency Act. This is a law that requires the Justice

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<v Speaker 2>supermit to release those investigative files. When we say the

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<v Speaker 2>Epstein files, what does that mean? It's a term we

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<v Speaker 2>kind of throw around, but what exactly is in that

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<v Speaker 2>corpus of documents?

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<v Speaker 3>What that is is the government's records, everything that they

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<v Speaker 3>amassed during the course of their investigation. And it's FBI records,

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<v Speaker 3>it's Justice Department records. It actually would arguably consist of

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<v Speaker 3>records from other agencies as well, Treasury Department, the Financial

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<v Speaker 3>Crimes Enforcement Network, Securities and Exchange Commission. So it was

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<v Speaker 3>unknown what these files actually contained, and I dug into that.

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<v Speaker 3>I was really interested in learning what could these files

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<v Speaker 3>actually be. So I dug into a case that had

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<v Speaker 3>been under the radar for nearly nine years, and that's

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<v Speaker 3>a Freedom of Information Act lawsuit that was filed by

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<v Speaker 3>a reporter who worked for Radar Online Radars of publication

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<v Speaker 3>that by the way. Jeffrey Epstein was an investor in

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<v Speaker 3>way way back, and during the course of my reporting

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<v Speaker 3>and research into this case, I came across an index,

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<v Speaker 3>and basically that index described it is sort of broad

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<v Speaker 3>general descriptions what kinds of records that the FBI had

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<v Speaker 3>as it related to Jeffrey Epstein and the investigation that

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<v Speaker 3>took place between two thousand and five and two thousand

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<v Speaker 3>and eight and the reporter they got about a thousand

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<v Speaker 3>pages of these records, but the vast majority, more than

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<v Speaker 3>ten thousand pages had been withheld. So in this index

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<v Speaker 3>it actually showed that there were photographs, perhaps that's not

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<v Speaker 3>a surprise, communications with foreign governments, communications related to his

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<v Speaker 3>financial records, many interviews with witnesses or people that were

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<v Speaker 3>important to question during that investigation. Obviously you know, interviews

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<v Speaker 3>with victims. But it really showed that the investigation was

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<v Speaker 3>not just at least the way I read it, not

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<v Speaker 3>just completely centered in the US. There was also it

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<v Speaker 3>was a little bit global. The FBI was looking outside

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<v Speaker 3>of the US as well as they were probing Jeffrey Epstein.

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<v Speaker 3>So that index really kind of laid bare what would

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<v Speaker 3>arguably be in the files.

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<v Speaker 2>So you've reported Jason that this index alone is one

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<v Speaker 2>hundred and seventy pages, So that suggests that Justice Superman

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<v Speaker 2>has a lot of.

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<v Speaker 3>Documentsnumber of records that were withheld from the request in

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<v Speaker 3>that case. At the time, they pegged it at around

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<v Speaker 3>ten thousand pages. But that's just actually a sliver. That's

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<v Speaker 3>just a sliver of everything the Justice Department and FBI collected,

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<v Speaker 3>because we now know based on the fact that over

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<v Speaker 3>the summer the Justice Department and the FBI issued a

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<v Speaker 3>joint statement that said we are actually not going to

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<v Speaker 3>release anything. They disclosed that they actually amassed three hundred

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<v Speaker 3>gigabytes of data and records and all of that, but

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<v Speaker 3>they didn't describe really what those records were. So the

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<v Speaker 3>index is showing that there are many different categories of

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<v Speaker 3>records that the FBI has.

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<v Speaker 2>You mentioned what was happening over the course of the summer,

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<v Speaker 2>the Justice s Perman's reluctance unwillingness to release this information,

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<v Speaker 2>and suffice to say, a lot has changed since then.

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<v Speaker 2>I mentioned that law. There was all of this resistance

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<v Speaker 2>among Republicans to pass that law. In fact, it was

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<v Speaker 2>passed to assigned by the President pretty quickly thereafter. What

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<v Speaker 2>is the Justice Department supposed to release in the next

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<v Speaker 2>few days.

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<v Speaker 3>By law, they are supposed to release within thirty days

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<v Speaker 3>everything everything, which is kind of unreal, right because we're

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<v Speaker 3>talking about three hundred gigabytes of data and they are

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<v Speaker 3>supposed to just turn that over to the househover Site

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<v Speaker 3>and Government Reform Committee, and they are permitted to withhold

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<v Speaker 3>temporarily some records if it relates to an ongoing investigation.

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<v Speaker 3>They are permitted to withhold the names of some victims,

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<v Speaker 3>and if they redact anyone else's name, the committee needs

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<v Speaker 3>to know about it. So there has kind of been

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<v Speaker 3>a wait and see as to will they turn everything

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<v Speaker 3>over to the committee, because they really would be remarkable.

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<v Speaker 3>You're talking about it, you know, a transfer of a massive,

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<v Speaker 3>massive trove of records.

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<v Speaker 2>How much of that can we expect to be made public?

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<v Speaker 2>Since Trump took office, his administration has shown hesitation about

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<v Speaker 2>releasing everything. So what could the DOJ hold back and

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<v Speaker 2>could there be other ways to crack open the Epstein files.

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<v Speaker 1>That's after the break.

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<v Speaker 2>I'm speaking with Bloomberg investigative reporter Jason Leopold about what

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<v Speaker 2>we can expect from the Epstein files and how the

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<v Speaker 2>government has approached releasing them. I think what a lot

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<v Speaker 2>of people want to know, including a very vocal camp

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<v Speaker 2>of Trump supporters, is the full extent of Jeffrey Epstein's

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<v Speaker 2>activities and how a lot of prominent people fit into those.

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<v Speaker 2>And President Trump, of course, on the campaign trails, said

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<v Speaker 2>he would release these files to the Attorney General. Pimbondi

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<v Speaker 2>immediately released a trans of documents to a lot of

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<v Speaker 2>fanfare and then came under fire because a lot of

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<v Speaker 2>those documents were already out there in the public domain.

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<v Speaker 2>After that, she basically ordered the FBI director ordered Cash

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<v Speaker 2>Pattel to bring the DOJ Moore documents. You have reported

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<v Speaker 2>on how the FBI handled those documents, handled that request.

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<v Speaker 1>What did you learn?

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<v Speaker 3>I was very interested after the botched rollout of what

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<v Speaker 3>Pam Bondi called phase one of the release of the

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<v Speaker 3>Epstein files, after that happened, and the director of what's

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<v Speaker 3>given to Cash Pattel, is very interested in what was

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<v Speaker 3>going on behind the scenes because now at the time

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<v Speaker 3>this was, you know, around March, there are about one

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<v Speaker 3>thousand FBI agents and other FBI person at people, yeah,

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<v Speaker 3>who were tasked with reviewing the Epstein files redacting it

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<v Speaker 3>and making it available for you know, for public release.

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<v Speaker 3>And I wanted to get an idea of what was

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<v Speaker 3>going on behind the scenes, so I filed a FOY request.

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<v Speaker 3>We ultimately, we being Bloomberg and and myself ultimately sued

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<v Speaker 3>the FBI to obtain those records. And a couple of

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<v Speaker 3>weeks ago got the first batch of records and it

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<v Speaker 3>was about sixty pages of emails. But what was fascinating

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<v Speaker 3>about these emails It kind of put you behind the

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<v Speaker 3>scenes at the FBI to see how they were working

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<v Speaker 3>really really quickly to review and redact the record.

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<v Speaker 1>So redact is very important.

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<v Speaker 3>They actually called it Special Reaction Project, but at the

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<v Speaker 3>same time they called it Epstein Transparency Project. That was

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<v Speaker 3>a little weird seeing that Epstein Transparency Project and.

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<v Speaker 1>Special Reaction Project.

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<v Speaker 3>I think one of the key takeaways from those records

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<v Speaker 3>is that it showed that Dan Bongino, the deputy director,

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<v Speaker 3>he was in the loop as discussions were taking place

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<v Speaker 3>over reactions cash Ptel was seeking updates. There were actually

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<v Speaker 3>nine hundred and thirty four agents and other personnel who

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<v Speaker 3>worked on it, and that the FBI ultimately paid for

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<v Speaker 3>six days of work a million dollars in overtime to

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<v Speaker 3>agents and others who clocked in, you know, extra hours

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<v Speaker 3>working on the Epstein files.

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<v Speaker 2>What could you tell us that you gleaned from those

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<v Speaker 2>documents about what was at the center of those deliberations,

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<v Speaker 2>how they were deciding what to redact.

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<v Speaker 3>You know, I wish I could tell you that that's

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<v Speaker 3>what the document showed, but the FBI withheld that information.

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<v Speaker 1>I was able to just see is that they.

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<v Speaker 3>Had PowerPoint trainings on what to redact, how to process

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<v Speaker 3>and redact, and what should be redacted. That there was

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<v Speaker 3>also you know, a paper that was presented to the

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<v Speaker 3>Justice Department on the final overview of the Epstein files,

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<v Speaker 3>but again they withheld that. But it allows us to

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<v Speaker 3>chip away a bit at kind of finding out what

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<v Speaker 3>was happening behind the scenes and how this this process worked.

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<v Speaker 3>And what we can tell is that it really was

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<v Speaker 3>isolated to maybe just two and a half months. They

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<v Speaker 3>were working so much during that two and a half

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<v Speaker 3>month timeframe to get this ready, and ultimately what happened

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<v Speaker 3>is nothing was released.

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<v Speaker 2>You've been doing this for a long time, so you

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<v Speaker 2>know the kind of grounds for redaction. Generally speaking, here,

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<v Speaker 2>I imagine there's the potential for maybe an inclination to

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<v Speaker 2>redact something because of the potential political embarrassment, any sense

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<v Speaker 2>of the greed, which that's weighing on the agents who

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<v Speaker 2>are going through all of us. If that's part of

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<v Speaker 2>the mandate that they've gotten here to keep an eye

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<v Speaker 2>out for who might be surfaced in these documents.

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<v Speaker 3>They're not supposed to not supposed to redact anything because

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<v Speaker 3>it would cause embarrassment or embarrass any one particular person

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<v Speaker 3>or many individuals. They are supposed to apply reactions in

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<v Speaker 3>kind of accordance with the FOYA, the nine exemptions under FOYA.

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<v Speaker 3>Now this is they're not releasing records as a result

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<v Speaker 3>of a Foyer request, but that's the guidelines that they're using.

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<v Speaker 3>So that means that they are withholding information for personal privacy,

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<v Speaker 3>could be national security, could be an ongoing investigation, could

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<v Speaker 3>be you know, attorney client privilege, and that's what they're

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<v Speaker 3>supposed to do. I learned during the course of my

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<v Speaker 3>reporting that you know, Trump's name appears in these records

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<v Speaker 3>and that his name was redacted. There's no evidence that

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<v Speaker 3>there was any wrongdoing by Trump for appearing in the records.

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<v Speaker 3>The argument was they were redacting it for privacy reasons

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<v Speaker 3>because at the time Trump was a private city s

0:14:56.480 --> 0:14:58.120
<v Speaker 3>he wasn't the president of the United States.

0:14:58.400 --> 0:15:00.440
<v Speaker 2>So there is suffice to say a lot of anti disipation.

0:15:00.920 --> 0:15:02.760
<v Speaker 2>You know, what's the Justice Department going to release by

0:15:02.800 --> 0:15:05.040
<v Speaker 2>this deadline of on or around December nineteenth, if my

0:15:05.080 --> 0:15:06.720
<v Speaker 2>math is right, for the thirty day period after this

0:15:06.800 --> 0:15:10.280
<v Speaker 2>legislation was signed into law. If the Justice Department decides

0:15:10.320 --> 0:15:14.600
<v Speaker 2>to hold back some or all of these documents, have

0:15:14.680 --> 0:15:16.920
<v Speaker 2>we in effect hit a wall? What recourse do people

0:15:17.040 --> 0:15:21.280
<v Speaker 2>have if the release in mid December isn't as comprehensive

0:15:21.320 --> 0:15:25.000
<v Speaker 2>as lawmakers and others are expecting. It's a really good question.

0:15:25.120 --> 0:15:27.040
<v Speaker 2>And you know, I want to bring us back to that.

0:15:27.080 --> 0:15:31.480
<v Speaker 3>Radar lawsuit right that lawsuit is still active, that is

0:15:31.680 --> 0:15:35.560
<v Speaker 3>still winding its way through the courts. In fact, that

0:15:35.680 --> 0:15:39.720
<v Speaker 3>attorney has appealed the decision by the judge that that

0:15:39.800 --> 0:15:42.360
<v Speaker 3>found in favor of the Justice Department that they would

0:15:42.400 --> 0:15:46.280
<v Speaker 3>withhold the vast majority of the records due to ongoing

0:15:47.040 --> 0:15:50.320
<v Speaker 3>you know, investigations, and so there's a hearing coming up

0:15:50.400 --> 0:15:54.200
<v Speaker 3>in the Second Circuit here in New York in January.

0:15:54.960 --> 0:15:59.680
<v Speaker 3>I truly do believe that the best chance the public

0:15:59.760 --> 0:16:05.880
<v Speaker 3>has at actually seeing those records, is through this Freedom

0:16:05.920 --> 0:16:09.800
<v Speaker 3>of Information Act lawsuit or through a Freedom of Information

0:16:09.880 --> 0:16:10.560
<v Speaker 3>Act request.

0:16:10.960 --> 0:16:13.560
<v Speaker 2>I want to get your sense of this moment and

0:16:13.600 --> 0:16:15.360
<v Speaker 2>all that we're learning in this moment. So we've been

0:16:15.400 --> 0:16:18.120
<v Speaker 2>talking about these government documents, the work of the House

0:16:18.120 --> 0:16:21.040
<v Speaker 2>Committee on Oversight. It's been releasing emails and photos and

0:16:21.080 --> 0:16:23.760
<v Speaker 2>banking details. Over the course of this year. You've filled

0:16:23.760 --> 0:16:25.400
<v Speaker 2>in a lot of details about Epstein. The've emerged in

0:16:25.400 --> 0:16:28.400
<v Speaker 2>his personal emails. You know, as we're speaking, news is

0:16:28.440 --> 0:16:30.960
<v Speaker 2>breaking that a judge in Florida is going to allow

0:16:31.000 --> 0:16:33.920
<v Speaker 2>the release of grand jury documents from case in Florida.

0:16:34.480 --> 0:16:36.960
<v Speaker 2>Talk a bit about sort of the way this dam

0:16:37.080 --> 0:16:39.960
<v Speaker 2>that has been in place for many years is starting

0:16:39.960 --> 0:16:41.920
<v Speaker 2>to break down, that that information is starting to come

0:16:41.920 --> 0:16:43.680
<v Speaker 2>out in a way that it hasn't in years past.

0:16:44.040 --> 0:16:49.080
<v Speaker 3>The fact that we are starting to see a break

0:16:49.120 --> 0:16:52.880
<v Speaker 3>in the dam is due to that kind of pressure

0:16:53.320 --> 0:16:58.640
<v Speaker 3>that has been placed upon those who hold the keys

0:16:58.760 --> 0:17:04.240
<v Speaker 3>to the safe where these documents and other types of

0:17:04.280 --> 0:17:10.240
<v Speaker 3>records are being held, and demands by certainly by victims, victims,

0:17:10.280 --> 0:17:16.479
<v Speaker 3>attorneys and lawmakers who are also realizing how did this happen?

0:17:17.080 --> 0:17:20.480
<v Speaker 3>You know whether it's the controversial Plea agreement or how

0:17:20.600 --> 0:17:25.760
<v Speaker 3>was Epstein able to fund sex trafficking operations. So lots

0:17:25.800 --> 0:17:29.760
<v Speaker 3>of questions that have been asked the role of financial institutions,

0:17:29.800 --> 0:17:34.639
<v Speaker 3>what the role is they played in facilitating all of that. So,

0:17:35.320 --> 0:17:39.360
<v Speaker 3>all of these questions, as well as the promises that

0:17:39.680 --> 0:17:46.280
<v Speaker 3>have been made to release the files, has really changed

0:17:46.960 --> 0:17:50.600
<v Speaker 3>the moment that you know we're in now because it

0:17:50.720 --> 0:17:55.280
<v Speaker 3>changed the story from Jeffrey Epstein being convicted of a

0:17:55.320 --> 0:18:01.480
<v Speaker 3>sex crime in Florida, being arrested for X trafficking, you know,

0:18:01.600 --> 0:18:07.040
<v Speaker 3>dying in his jail cell, to a big political story.

0:18:07.880 --> 0:18:10.480
<v Speaker 2>My last question has to do with this expected release

0:18:10.600 --> 0:18:12.520
<v Speaker 2>when we talk about three or gigabytes to the late person,

0:18:12.560 --> 0:18:12.960
<v Speaker 2>what is that?

0:18:13.320 --> 0:18:13.520
<v Speaker 1>Oh?

0:18:13.560 --> 0:18:16.600
<v Speaker 3>Man, I don't heart defiled them it. I mean, it's

0:18:16.760 --> 0:18:20.359
<v Speaker 3>just voluminous. It will keep us busy for a really,

0:18:20.400 --> 0:18:22.080
<v Speaker 3>really long time if.

0:18:21.880 --> 0:18:24.960
<v Speaker 2>We do get a release of that size. Where do you,

0:18:25.359 --> 0:18:27.879
<v Speaker 2>Jason Leopold, go first? What are the biggest questions that

0:18:27.920 --> 0:18:31.000
<v Speaker 2>you have and where are you most hopeful that you're

0:18:31.000 --> 0:18:32.520
<v Speaker 2>going to find yeah, new information.

0:18:32.640 --> 0:18:36.119
<v Speaker 3>I'll also speak from my team as well, the you know,

0:18:36.160 --> 0:18:38.639
<v Speaker 3>the areas that we're most interested in our money. We

0:18:38.720 --> 0:18:42.800
<v Speaker 3>want to continue following the money. As I mentioned, one

0:18:42.800 --> 0:18:47.119
<v Speaker 3>of the big stories from the series that we've reported

0:18:47.480 --> 0:18:52.120
<v Speaker 3>has to do with a previously unknown money laundering investigation

0:18:52.800 --> 0:18:57.880
<v Speaker 3>that took place alongside the sex crimes investigation in two

0:18:57.920 --> 0:19:02.800
<v Speaker 3>thousand and seven. In two thousand and we were able

0:19:02.840 --> 0:19:06.879
<v Speaker 3>to reveal a lot of details around that investigation, but

0:19:07.560 --> 0:19:12.200
<v Speaker 3>we really didn't get a good reason as to what ultimately.

0:19:11.720 --> 0:19:13.359
<v Speaker 1>Happened as to why it was shut down.

0:19:13.920 --> 0:19:16.760
<v Speaker 3>You know, was it simply a result of you know,

0:19:16.840 --> 0:19:20.480
<v Speaker 3>Epstein accepting the plea deal and pleading guilty and stakehourt

0:19:20.840 --> 0:19:21.960
<v Speaker 3>or was there something else?

0:19:22.720 --> 0:19:24.240
<v Speaker 1>Jason, Thank you very much. Thank you.

0:19:30.760 --> 0:19:32.480
<v Speaker 2>This is the Big Take from Bloomberg News.

0:19:32.520 --> 0:19:33.320
<v Speaker 1>I'm David Germ.

0:19:33.600 --> 0:19:35.560
<v Speaker 2>If you want to hear more from Jason about prying

0:19:35.560 --> 0:19:39.240
<v Speaker 2>loose government documents, check out his new show Disclosure wherever

0:19:39.280 --> 0:19:42.199
<v Speaker 2>you get your podcasts, and subscribe to his Foil Files

0:19:42.280 --> 0:19:45.200
<v Speaker 2>newsletter at the link in our episode description. To get

0:19:45.200 --> 0:19:47.320
<v Speaker 2>more from The Big Take and unlimited access to all

0:19:47.320 --> 0:19:50.520
<v Speaker 2>of Bloomberg dot Com, subscribe today at Bloomberg dot com

0:19:50.520 --> 0:19:53.720
<v Speaker 2>slash podcast offer. If you liked this episode, make sure

0:19:53.760 --> 0:19:55.680
<v Speaker 2>to follow and review The Big Take Wherever you listen

0:19:55.720 --> 0:19:58.960
<v Speaker 2>to podcasts, it helps people find the show. Thanks for listening.

0:19:59.119 --> 0:20:01.199
<v Speaker 2>We'll be back tomorrow.