Epstein Secrets

exist.' BUT we found out bier that he had sold those assets ... leveraged them ... (and) used seine mar- gin account to take some positions in ... Emery and Pan Am: says Payton. Epstein's caraordinary creativity was, ac- cording to Hoffenberg, responsible for the purchase by the insurance companies

the world, they were al- ways together," says a source. Hoffenberg has claimed that Epstein confided in him. saying. for example. that he had left Bear Steams in 1981 after he was discovered ex- ecuting "illegal operations." Several of Epstein's bear Stearns contem- poraries recall that Epstein left the co

ool. While there he began tutoring the son of Bear Steams 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 Steams C.E.O. James Cayne, he did well enough to become a limited partner—a rung b

a good and substantial and meaningful lik." he says. In the meantime. hose-en there's a wed- ding to plan. Z Jeffrey Epstein C ONTINUED FROM PACE SOS Bear Stearns ndother firms. Epstein resigned from Bear Seams on March 12. The S.E.C. was tipped off that Epstein had intbrmation on insider tradiig at Bear St

ture with Mr. Cayne? (t.• Have you bad 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 ice divulge anything about Si. foe Minerals to he staff of the Securities and Exchange Con- tenon? A: No

xist.' But we found out later that he had sold those assets ... leveraged them .. . (and! used some mar- gin account to take some positions in ... Emery and Pan Am.- says Payton. Epstein's extraordinary creativity was. ac- cording to HotTenberg. responsibk for the purchase by the insurance companies

meantime. howc. zr. there's a wed- ding to plan. Jeffrey Epstein Cil•TIVI ED FROM %tot , a, Bear Stearns and other firms. Epstein resigned from Bear Steams on March 1_. The S.E.C. was tipped oil that Epstein had information on insider trading at Bear Steams. and it was therefore obliged to question hi

ool. While there he began tutoring the son of Bear Steams 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 Steams C.E.O. James Caync. he did well enough to become a limited partner—a rung b

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

till exist: But we found out later that he had sold those assets leveraged them ... [and] used some mar- gin account to take some positions in ... Emery and Pan Am." says Payton. Epstein's extraordinary creativity was. ac- cording to Hoffenberg. responsible for the purchase by the insurance companie

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 of placed on March II. 1981. by the Seagram Company Ltd.

d a good and substantial and meaningful lik:' he says. In the meantime. howe.a. there's a wed- ding to plan. Jeffrey Epstein co‘rtst to room nor los Bear Stearns and other firms. Epstein resigned from Bear Steams on March 12. The S.E.C. was tipped otT that Epstein had information on insider trading at Bear

ist.' But we found out later that he had sold those assets ... leveraged them .. . [and) used some mar- gin account to take some positions in .. . Emery and Pan Am." says Payton. Epstein's extraordinary creativity was. ac- cording to HotTenberg. responsible for the purchase by the insurance companie

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

chief operating officer, Mitchell Brater, and Epstein came up with a scheme to steal $3 million of the insurance companies' bonds to buy Pan Am and Emery stock. "Jeffrey Epstein and Mitch Brater arranged the various brokerage accounts for the bonds to be placed with in New York, and I think one in Ch

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

exist.' But we found out later that he had sold those assets ... leveraged them ... [and] used some mar- gin account to take some positions in ... Emery and Pan Am." says Payton. Epstein's extraordinary creativity was, ac- cording to HotTenberg, responsible for the purchase by the insurance companie

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:

claimed that the expenditures were for broker's fees on investment advice associated with an investment in the capital stock of Emery Air Freight ("Emery"). Within a period of shortly over six months the Companies lost —13— bin') ew It'll 'VI rin- L7 :l :u EFTA00612530 . . • approximate

the State of New York, contrary to law. Within the -15- amn%; wv 7C:I I IVJ C11)7_4,7...fly EFTA00612532 following five days, 531,300 shares of Emery were acquired in the account at a cost in excess of $4,000,000. Contrary to law, the individual defendants failed to prepare any documentation

he State of New York: Rodman and Renshaw, Inc.; Kuhns Brothers and Laidlaw, Inc.; McKinley Allsopp Inc.; Guinan and Company, Inc.; Ernst & Company; Bear Sterns and Company, Inc.; Edward A. Viner and company, Inc. and Fahnestock and Company, Inc. The securities were held in the name of United Fire, Associa

exist.' But we found out later that he had sold those assets ... leveraged them ... land] used some mar- gin account to take some positions in ... Emery and Pan Am.- says Payton. Epstein's extraordinary creativity was. ac- cording to Hoffenberg. responsible for the purchase by the insurance companie

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

Apr I S Withdrawal FEDERAL FUNDS TO R and C Ventures Inc AT ROCKLAND TRUST COMPANY Apr 29 Closing cash and money balance Quantity✓ Face valor Emery/slue (S) Cash amount (S) Cash and money balance (5) $27.723.09 -1,321 00 26,402 09 59 26,402.68 -1,32100 25,081.68 $25,081.68 SONY OM 09

palcpaion prorman and real estate animal dug fawns) and Ordrisred podia% re ire* briar Inn Crean =cured «cans hare not been registered wih the Sterns and ExchangeComma:A a tender any state nines laws We provide nava vain fa pone nestrant sedates and sauchen froduas for Mona« purposes only ACO-ta