Epstein Secrets

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

700 million and felt the need for the services of Epstein & Co., you would receive a not-so-polite no-thank-you." Noted mergers/acquisitions lawyer Dennis Block of Cadwalader, Wickersham & Taft recalls trying to give Epstein a client whose funds were below the $1 billion cutoff. "I sent him a $500 million c

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

his defense. "Let me tell you: Jeffrey Epstein has other clients besides Wexner. I know because some of them are my clients," says noted m&a lawyer Dennis Block of Cadwalader, Wickersham & Taft. "I sent him a $500 million client a few years ago and he wouldn't take him. Said the account was too small. Both t

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:

700 million and felt the need for the services of Epstein & Co., you would receive a not-so-polite no-thank-you." Noted mergers/acquisitions lawyer Dennis Block of Cadwalader, Wickersham & Taft recalls trying to give Epstein a client whose funds were below the $1 billion cutoff. "I sent him a $500 million c

or client), and information relating to any bank or financial institution used by Epstein to transfer money M Bear Sterns or to receive money from Bear Sterns. #2. All documents referring or relating to the employment of Epstein, including but not limited to employment applications, employment reviews, p

is own behalf or on behalf of any entity or client), and information relating to any bank or financial institution used by Epstein to transfer money M Bear Sterns or to receive money from Bear Sterns. #2. All documents referring or relating to the employment of Epstein, including but not limited to employmen

United States Attorney Southern District of Florida 500 S. Australian Ave. 4th Floor West Palm Beach, Florida 33401 FACSIMILE COVER SHEET TO: Dennis Block, Esq. DATE: August 15. 2007 FAX NO. # OF PAGES: 9 PHONE NO. RE: Subpoena FROM: IIIIIII IAssistant U.S. Attorney PHONE NO. COMMENTS: EFTA0

e my friend Ace Greenberg a call." Epstein was in many respects the perfect candidate for Greenberg's consideration. Greenberg, a senior partner at Bear Stearns at the time and a legendary trader in his own right, has long made it dear that it's the hungry, brilliant guys lacking the fancy degrees that he fa

y Committee at Harvard. His philanthropic affiliations include both the Wexner Foundation and The COUQ Foundation. Mr. Epstein started his career at Bear Steams with an educational background in physics. He was elected to the Board of Trustees of the Institute of • International Education in October 2001.

his defense. "Let me tell you: Jeffrey Epstein has other clients besides Wexner. I know because some of them are my clients," says noted m&a lawyer Dennis Block of Cadwalader, Wickersham & Taft. "I sent him a $500 million client a few years ago and he wouldn't take him. Said the account was too small. Both t

et. But a report in the March issue of Vanity Fair, on newsstands this week, unmasks Epstein's mystery image. Epstein wasn't exactly the top gun at Bear Steams, as he claims - and left the firm amid a swirl of rumors and an • SEC violation, the article said. His mentor in high finance was Steve Hoffenberg,

700 million and felt the need for the services of Epstein & Co., you would receive a not-so-polite no-thank-you." Noted mergers/acquisitions lawyer Dennis Block of Cadwalader, Wickersham & Taft recalls trying to give Epstein a client whose funds were below the $1 billion cutoff. "I sent him a $500 million c

Islands-based money-management firm, Financial Trust Company, is listed in a filing with the Securities and Exchange Commission as a stakeholder in Bear Stearns's High-Grade Structured Credit Strategies Enhanced Leverage Fund, which became much easier to refer to in recent weeks as "Bear Stearns' collapsing h

700 million and felt the need for the services of Epstein & Co., you would receive a not-so-polite no-thank-you." Noted mergers/acquisitions lawyer Dennis Block of Cadwalader, Wickersham & Taft recalls trying to give Epstein a client whose funds were below the $1 billion cutoff. "I sent him a $500 million c

e sport, and within 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 Steams CEO Jimmy Cayne. "Given his mathematical background, we put him in our special-products division, where he would advise our wealthier clients on th

his defense. "Let me tell you: Jeffrey Epstein has other clients besides Wexner. I know because some of them are my clients," says noted m&a lawyer Dennis Block of Cadwalader, Wickersham & Taft. "I sent him a $500 million client a few years ago and he wouldn't take him. Said the account was too small. Both