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I didn't use those words, the parent poster did.
Personally, I think the possibility that Epstein was working for a government agency (domestic or foreign) merits further investigation, but is far from a certainty. I agree that Acosta might have been lying. But if this is the case, I find it doubly odd that there has been so little follow up reporting.
Suppose Acosta started the lie, and refuses to talk about it. What would the follow-up reporting look like?
"I contacted 16 US intelligence agencies. 9 of them denied that Epstein worked for them, and the rest would neither confirm or deny that Epstein worked for them."?
Would you have seen that sort of reporting? Would it be convincing? How many relevant intelligence agencies are there in the US?
The reporting I'd like to see would probably focus on finance and connections. How did Epstein make his money? Who were his clients? What did his business associates know about the sexual allegations? Who does Acosta claim told him? What were Epstein's internal motives?
I haven't seen any major news outlets focussing on these aspects. The simple explanation is that they fear that any explanation of Epstein other than "he's a monster" would reflect badly on them to the public. The more conspiratorial explanation is that the answers would reflect badly on people who have power over them.
But answering your questions: Yes, I probably would have seen that reporting if it existed; No, it wouldn't be convincing; I don't think the number of agencies matters, the connections he does have seem to lead to the CIA or Mossad.
Here are some major news outlets which have tried. None have succeeded.
New York Magazine - http://nymag.com/intelligencer/2019/07/how-did-jeffrey-epste... - "How Jeffrey Epstein Made His Money: Four Wild Theories"
Vanity Fair back in 2003 trying to figure out the mystery - https://www.vanityfair.com/news/2003/03/jeffrey-epstein-2003...
Business Insider - https://www.businessinsider.com/how-financier-jeffrey-epstei...
Bloomberg - https://www.bloomberg.com/news/articles/2019-07-08/the-myste...
You ask "What did his business associates know about the sexual allegations?"
The only known business associate is Wexner. He has declined to comment, says Bloomberg.
You ask "Who does Acosta claim told him?" He has declined to comment. Eg, the Miami Herald at https://www.miamiherald.com/news/local/article220097825.html says "Acosta did not respond to numerous requests for an interview or answer queries through email."
"The simple explanation" is that it was hidden well, protected by powerful people, and had not yet been figured out.
I have no doubt that "the answers would reflect badly on people who have power over them". That's how it has been squelched or diminished until now.
Other than the one comment, is there any evidence that an intelligence agency is really involved? Why can't it be a bunch of sexually abusive plutocrats supporting each other with their connections of power? Why can't the reference to "intelligence" be a convenient cover?
If it were the CIA or Mossad, do you not think that, perhaps, some time in the last 20 years they might have told him to tone down as he's going to get caught, and destroy their decades-long effort?
What are the connections between Mossad and Acosta? Any Epstein connections wouldn't affect the federal prosecutors' office, yet it was they who gave Epstein such lenient terms.
If Julie Brown, the investigative reporter who worked on the story for a long time for the Miami Herald, had been able to figure out any of these questions, do you think she would have reported it?