Epstein Secrets

endly with a daugh- ter of Greenberg's. Soon he went to Bear Stearns. where. under the mentorship of both Greenberg and current Bear Steams C.E.O. James Cayne, he did well enough to become a limited partner—a rung be- neath full partner. He abruptly departed in 1981 because, he has said, he wanted to run

he Council on Foreign Relations, the New York Academy of Sciences, and the Insti- tute of International Education. His current fan club extends to Cayne, NTIALw" es I Arts am. Sexnces. and SDNY_GM_00331372 (4 EFTA_00204098 EFTA02729212 SPOILS OF SUCCESS From tux Epstein's 70. acre island.

ed in a technical infringement. and it was thought that the executive committee asked that he resign after his two supporters. Ace Green- berg and Jimmy Cayne. were outnumbered. Greenberg says he can't recall this: Carne denies it happened. and Epstein has de- nied it as well. "Jeffrey Epstein left Bear

litter in the questioning comes this achange: Q: Have you had any type of business deal- ings with Ms. Cayne? A: There's no relationship with near Steams. Q: Pardon? A: Other than Bear Steams. no. Q: Have you been a partiripam in any type of business venture with Mr. Cayne? A: No. Qt Do you have

behalf of his clients, for over 25 years. Since his departure from Bear Stearns in 1981, he has also maintained a close personal relationship with Jimmy Cayne, Bear Steams' former Chairman and CEO. Until the I Respondent hereby incorporates by reference the Statement of Answer submitted by Respondents The

s of both his own money and his clients' money with Bear Steams following his departure from the firm over 25 years ago. Sometime in the mid-1990s, Cayne introduced Spector to Epstein, and they crossed paths socially a few times in the ensuing decade. As a result of his relationship with Cayne and hi

row more against its assets. These assertions are inaccurate. The High Grade Fund traded with multiple counterparties, and Bear -11- EFTA00314500 Steams was just one of its many counterparties. Because it had plenty of other counterparties with which to trade, the decision to halt principal trades te

in just a few years he had his own stable of clients. "He was not your conventional broker saying 'Buy IBM' or 'Sell Xerox,' " says Bear Stearns CEO Jimmy Cayne. "Given his mathematical background, we put him in our special-products division, where he would advise our wealthier clients on the tax implicatio

ve committee asked that he resign after his two supporters. Ace Green- berg and Jimmy Clyne. were outnumbered. Greenberg says he can't recall this: Cayne denies it happened. and Epstein has de- nied it as well. "Jeffre: Epstein left Bear Stearns of his oven volition." says Clyne. "It was never sugge

opted to prop up that entity wan St 6 billion :n loans (see BlisinessWeeli con, 6122/07. 'Bear Sfita.the. Rescue—c.r.stQtti The four-year-ole, Sc';; Steams tiqh.oradd structured Credit strateoier. Leverage fund was down about 10% as o4 the end of April Bear Stearns ha:, suspended investor redemptions in