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The Jeffrey Epstein suicide/murder is a really cool example of narrative power on large scales. Both situations are plausible - I wouldn't be terribly surprised if either turned out to be true - but one of the options is way more exciting, which probably helps its popularity.
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A guy who was described as 'intelligence' to state attorneys, collected blackmail, was living with the daughter of an intelligence agent dies under unclear circumstances that are unusual because it looks more like he was strangled. Excitement, right!
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Sure - there's tons of incentive to kill him, I agree. In general though, if "someone in serious trouble commits suicide" is really common. This is why both scenarios seem plausible - one has lots of incentive, and the other is commonly seen.
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Also, the list of blackmailed people include several powerful people that have strings of "convenient deaths" Any one, group, or all of them could organize and execute a jail cell strangling.