Foust claims Epstein-led offshore vehicle helped Bear Stearns repackage toxic mortgages

What was said

"What Liquid Funding Limited was doing is essentially taking the toxic assets that Bear Sterns did not want to publicly admit to having or they didn't want to show because they were maybe losing money or maybe too risky. They would offload it to this offshore company."

Foust claims an offshore company, Liquid Funding Limited, was used to move risky mortgage-linked assets off Bear Stearns’ books ahead of the 2008 crash, and that Jeffrey Epstein chaired the entity for several years. He alleges the mechanism allowed toxic assets to be reorganised and sold back into public markets with risk obscured.