Epstein Secrets

ck didn't seem to change until he met Hoffenbere. rirte of Epstein's first assignments for Hof- fenberg was to mastermind doomed bids to take over Pan American World Airways in 1987 and Emery Air Freight Corp. in 1988. Hoffenberg claimed in a 1993 hearing before a grand jury in Illinois that Epstein came up with the :

meantime, hove. er. there's a wed- ding to plan. r. Jet le\ Epstein :0•11 ,4 ED FRO" %GE 'of Bear Stearns and other firms. Epstein resigned from Bear Steams on March l_. The S.E.C. was tipped oil' that Epstein had information on insider trading at Bcar Stearns. and it was therefore obliged to question

arles Schumer. Powerful friends and enemies A Vanity Fair profile found cracks in the veneer of Epstein's life story. The 2003 article said he left Bear Stearns in the wake of a federal probe and a possible Securities and Exchange Commission violation. It also pointed out that Citibank once sued him for defa

ntact me at Number of pages including this page 4 Date-07-11-2007 72•15 South Comity Hoao. Pan Beach. Flora& 33480 EFTA01661675 UO7-07-11 09:9 Beår Stearns' Collateral Damage FAX 5616559653 » P 2/4 Page I of 3 h^get.:.en IOR NEWS :AU Bear Stearns' Collateral Damage Money manager Jeffrey Epstein B

is luck didn't seem to change until he met Hoffenberg. One of Epstein's first assignments for Hoffenberg was to mastermind doomed bids to take over Pan American World Airways in 1987 and Emery Air Freight Corp. in 1988. Hoffenberg claimed in a 1993 hearing before a grand jury in Illinois that EFTA00188425 Page 9 The T

chool. While there he began tutoring the son of Bear Stearns chairman Ace Greenberg and was friendly with aJAlightsr of Greenberg's. Soon he went to Bear Stearns, where, under the mentorship of both Greenberg Ind current Bear Stearns C.E.O. James Cayne, he did well enough to become a limited partner-a rung be

d in him. saying. for example, that he had left Bear Stearns in 1981 after he was discovered ex- ecuting "illegal operations.- Several of Epstein's Eizar Stearns contem- poraries recall that Epstein left the compa- ny very suddenly: Within the company there were rumors also that he was involved in a technica

nvolving a civil business ease in Philadelphia. In 1981 the SEC's Jonathan Harris and Robert Blackburn took Epstein's testimony and that of other Bear Steams employees in part of what became a protracted case about insider trading around a tender offer placed on March IL 1981. by the Seagram Company Li

luck didn't seem to change until he met HotTenberg. ne of Epstein's first assignments for Hof- fenberg was to mastermind doomed bids to take over Pan American World Airways in 1987 and Emery Air Freight Corp. in 1988. Hoffenberg claimed in a 1993 hearing before a grand jury in Illinois that Epstein came up with the i

ol. While there he began tutoring the son of Bear Stearns chairman Ace Greenberg and was friendly with a daugh- ter of Greenberg's. Soon he went to Bear Stearns, where, under the mentorship of both Greenberg and current Bear Stearns C.E.O. James Cayne, he did well enough to become a limited partner—a rung

lving a civil business case in Philadelphia. In 1981 the S.E.C.'s Jonathan Harris and Robert Blackburn took Epstein's testimony and that of other Bear Steams employees in part of what became a protracted case about insider trading around a tender offer placed on March II. 1981. by the Seagram Company L

th Mr. Cayne? A: Nd. Q: Have you had any business participations with- Mr. Theram? A: No; nor do I anticipate any. Q: Mr. Epstein, did anyone at Bear Stearns ell you in words or substance that you should lot divulge anything about St. Joe Minerals to he staff of the Securities and Exchange Corn- nission? A:

s out of more than $450 million in one of the largest Ponzi schemes in American history. Epstein assisted Hoffenberg with (failed) takeover bids of Pan American World Airways and Emery Air Freight. 6. According to the Vanity Fair article, before working with Wexner and Hoffenberg, defendant Jeffrey Epstein worked with B

ut Jeffrey Epstein, he is a billionaire and owner of a private island in the Virgin Island (Little St. James Island), and was a financial trader at Bear Steams. He then founded his own financial management firm, J. ..-- EXHIB\1 ~ Case 9:08-cv-80119-KAM Document 165 Entered on FLSD Docket 06/19/2009

s and Emery Air Freight. 6. According to the Vanity Fair article, before working with Wexner and Hoffenberg, defendant Jeffrey Epstein worked with Beam Stearns. He left the firm very suddenly in 1981 after being questioned by S.E.C. investigators in an insider trading scandal involving several Italian and

s out of more than $450 million in one of the largest Ponzi schemes in American history. Epstein assisted Hoffenberg with (failed) takeover bids of Pan American World Airways and Emery Air Freight. 6. According to the Vanity Fair article, before working with Wexner and Hoffenberg, defendant Jeffrey Epstein worked with B

the Virgin Islands (Little St. James Island), where he serves as a financial advisor to other billionaires. He was previously a financial trader at Bear Steams. It is therefore reasonable to infer that he has a great deal of financial sophistication. See Affidavit of Paul Cassell at ¶ 2 Attachment A to this

s and Emery Air Freight. 6. According to the Vanity Fair article, before working with Wexner and Hoffenberg, defendant Jeffrey Epstein worked with Beam Stearns. He left the firm very suddenly in 1981 after being questioned by S.E.C. investigators in an insider trading scandal involving several Italian and

as their raiding vessel. One of Epstein's first assignments for Hoffenberg was to implement what turned out to be an unsuccessful bid to take over Pan American World Airways in 1987. A similar unsuccessful bid in 1988,was made to take over Emery Air Freight Corp. During this period, Hoffenberg and Epstein worked closely

howed inappropriate behavior toward underage students at the time.(33][37] He became acquainted with Alan Greenberg, the chief executive officer of Bear Steams, whose son and daughter were attending the school. Greenberg's daughter, Lynne Koeppel, pointed to a parent-teacher conference where Epstein influen

g for him to Greenberg.(15-1 In June 1976, after Epstein was dismissed from Dalton for "poor performance",[333[393[03 Greenberg offered him a job at Bear Stearns.E3°R41 Banking Epstein joined Bear Stearns in 1976 as a low-level junior assistant to a floor trader.M He swiftly moved up to become an options tr

uck didn't seem to change until he met Hoffenberg. O ne of Epstein's first assignments for Hof- titers was to mastermind doomed bids to take over Pan American World Airways in 1987 and Emery Air Freight Corp. in 1988. Hofknberg claimed in a 1993 hearing before a grand jury m Illinois that Epstein came up with the ide

ol. While there he began tutoring the son of Bear Stearns chairman Ace Greenberg and was friendly with a daugh- ter of Greenberg's. Soon he went to Bear Stearns. where. under the mentorship of both Greenberg and current Bear Stearns C.E.O. James Clyne, he did well enough to become a limited partner—a rung

rns and other firms. Epstein resigned from Bear Stearns on March 12. The S.E.C. was tipped off that Epstein had information on insider trading at Bear Steams. and it was therefore obliged to question him. In his S.E.C. testi- mony, given on April I. 1981, Epstein claimed that he had found "offenave" the

as their raiding vessel. One of Epstein's first assignments for Hoffenberg was to implement what turned out to be an unsuccessful bid to take over Pan American World Airways in 1987. A similar unsuccessful bid in 1988, was made to take over Emery Air Freight Corp. During this period, Hoffenberg and Epstein worked closel

1/60 EFTA00261829 CorSfIRMED E9Salr. sEC.R.C-- INATO-1er) recite - -r/teL,c tNG 5/22/22, 1:31 PM Jeffrey Epstein - Wiklpedla of the failed Bear Steams hedge fund. Alan Dershowitz, one of Epstein's Florida attorneys on the case, told Fox Business Network "We would have been touting that if he had [c

s luck didn't seem to change until he met Hoffenberg. One of Epstein's first assignments for Hoffenberg was to mastermind doomed bids to take over Pan American World Airways in 1987 and Emery Air Freight Corp. in 1988. Hoffenberg claimed in a 1993 hearing before a grand jury in Illinois that Epstein came up with the ide

, but its questioning seems to indicate that it was skeptical of Epstein's answers. Some sources have wondered why, if he was such a big producer at Bear Steams, he would have given it up over a mere $2,500 fine. Certainly the years after Epstein left the firm were not obviously prosperous ones. His luck d

another thing Hoffenberg wanted was to take over Pan American World Airways. The iconic airline had already entered its downw

king the numbers earned him a place in the special-products division, where he worked on extremely complex tax-related problems for a select group of Bear Stearns’s wealthiest clients—an elite within the elite—including Seagram CEO Edgar Bronfman. In the spring of 1981 Bronfman made a bid to take over the St. Jo

enber | Like so many others without the necessary w ent at the office, he'd als 3 someone who was familia frey Epstein, who had traded options for Bear Stear F st 110 HOUSE_OVERSIGHT_022079 --- PAGE BREAK --- FittHy RicH Hoffenberg began paying twenty-five thousand dollars per month for Epstein’s exp

in his office. | yerg was a Wall Street outsider. Aq yut, like Epstein. . anted was respect. The other was” th Wall Street’s inner workings. jetg : ar Stearns, fit the bill. { huge. According to Hoffenberg, Epstein handled the attempted take- over of Pan Am—a deal that went sideways almost immediately. :