Epstein Secrets

nts (continued) December 31, 2010 affect the value of the Fund's assets. The ultimate outcome of these mattes cannot be ascertained at this time. The Securities and Exchange Commission (the "Commission') has filed a civil complaint against Perry Gruss, the former Chief Financial Officer of the Original Manager, alleging improper t

of Significant Accounting Policies Principles of Consolidation The Fund owns all of the preferred shares of Bernard National Loan Investors, Ltd. ("Bernard"), a collateralized loan obligation ("CLO") (see Note 4) which is an exempted limited liability company incorporated in the Cayman Islands. The Fun

vely, the "Fund"): 10 EFTA00284280 Fortress Value Recovery Fund I LLC Notes to Consolidated Financial Statements (continued) December 31, 2010 Bernard, Woodhaven, and certain Investment Platforms in which the Fund holds a controlling interest (see Note 8). The non-controlling interests in these Inv

. Madoff, 71, is in federal prison after pleading guilty to multiple fraud charges. Palm Beach resident Robert Jaffe has been charged with fraud by the U.S. Securities and Exchange Commission for allegedly bringing more than $1 billion into Madoffs Ponzi scheme. Last month, the U.S. Attorneys Office in New York, which prosecuted the case

inst philanthropists Jeffry and Barbara Picower in May. In the lawsuit, Picard accuses the Picowers of knowing about and benefiting from the fraud. Bernard and Ruth Madoff have been forced to forfeit multiple homes, yachts, cars and other trappings of their lavish lifestyle to the government to help com

warned on profits Monday, sending its stock tumbling more than 50%. Short sellers in June and July continued to deliver information on B. Riley to the Securities and Exchange Commission — and the SEC has asked them for additional material in a continuing probe, according to emails and texts. The article added that SEC investigators

Dal press release noted that the case was investigated by the FBI and the Pennsylvania Attorney General's Office. The Philadelphia Inquirer (08/12, Bernard), and Newsweek (08/12, Lewis) also reported on the story. Arkansas Officer Fired After Being Caught on Video Beating Inmate in Back of Patrol Car T