Epstein Secrets

/a The Bear Stearns Companies LLC), Bear, Steams & Co. Inc. (n/k/a J.P. Morgan Securities LLC) and Bear Steams Asset Management Inc. (collectively, "Bear Steams") and Warren Spector ("Spector" and, together with Bear Stearns, the "Respondents") (each of Claimants and Respondents is hereinafter sometimes refe

om its bank of receipt into Susman Godfrey's account and clearance of the full amount of the Settlement Amount shall be deemed full compliance with Bear Stearns' payment obligation under this Agreement. 2. Release by Claimant. In consideration of the payment of the Settlement Amount as provided in paragra

High-Grade Structured Credit Strategies, L.P. (the "HG Fund"), WHEREAS, FTC withdrew its investment in the HG Fund and invested $20,155,344 in the Bear Stearns High-Grade Structured Credit Strategics Enhanced Leverage Fund, L.P. (the "EL Fund"); and WHEREAS, FTC invested ten million U.S. Dollars ($10,000,000) and COUQ invested

Policy I About this site I Write to us (c..92„C) http://www.palrnbeachdailynews.com/news/content/society/sdco10624.html 6/25/2007 EFTA01682216 Bear Stearns' Collateral Damage Page 1 of 3 t. HERE'S HOW WE CAN HELP. The UPS Click It( n.; M(Grcu•Nctkcecnaa BusinessWeek Register Sign In TOP NEWS July

BusinessWeek.com, 7/9/07 "See Mutually Assured Mayhem:). One of the bigger investors in the troubled Bear Stearns fund is Jeffrey Epstein, a former Bear Steams trader turned money manager for the super-rich, according to regulatory filings. Over the past year, Epstein has garnered his fair share of notorie

the law. Epstein's Virgin Islands-based money-management firm, Financial Trust Company, is listed in the SEC filing as a "beneficial owner" of the Bear Stearns High-Grade Structured Credit Strategies Enhanced Leverage fund. A January filing with the Securities and Exchange Commission describes Epstein's firm as having "the power

ABS Funds while there was an opportunity to do so. Arbitration Provision 12. Pursuant to the Customer Agreements between Bear Stearns and FTC and Bear Stearns and COUQ, "... controversies arising between [Claimants] and your introducing broker and/or Bear Stearns, and any of your or their control persons,

t and trusted friend to many senior executives at Bear Steams. 4. In August 2006, FTC invested in excess of $20 million in a hedge fund called the Bear Stearns High-Grade Structured Credit Enhanced Leverage Fund, L.P. (the "Enhanced Fund"). Tenth months later, this investment was wiped out when the Enhanced Fund, which in the i

2009 Page 13 of 19 Financial Trust Company, Inc. vs. The Bear Stearns Companies Inc. Verified Complaint Page 13 quoting Schwartz as stating that Bear Stearns' 'balance sheet, liquidity, and capital remain strong". 51. On or about the weekend of March 14, 2008, J1' Morgan offered just $2.00 a share for Bea

ts were being investigated by the press, including Landon Thomas at the New York Times, following the collapse of two Bear Stearns hedge funds, the Bear Stearns High-Grade Structured Credit Strategies Fund ("the "High-Grade Fund") and the Bear Stearns High-Grade Structured Credit Strategies Leverage Fund ("the Enhanced Fund") (c

Statement of Claim, Epstein began his career at Bear Stearns in 1977 after being personally recruited as a trader by Alan Greenberg ("Greenberg"), Bear Stearns' former Chairman. (ASOC ¶ 18). At Bear Stearns, Epstein traded options and served in the "special-products division," advising some of the firm's we

vember 2006, Epstein caused FTC and COUQ to invest nearly $35 million in Bear Steams High-Grade Structured Credit Strategies, L.P. (the "HG Fund"), Bear Stearns High-Grade Structured Credit Strategies Enhanced Leverage, L.P. (the "EL Fund"; together with the HG Fund, the "HG Funds") and Bear Stearns Asset Backed Securities Partn

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

as opted to prop up that entity with $1.6 billion in loans (see BusinessWeek.com, 6/22/07, "Bear Stearns to the Rescue—Sort Of"). The four-year-old Bear Stearns High-Grade Structured Credit Strategies Leverage fund was down about 10% as of the end of April. Bear Stearns has suspended investor redemptions in that fund, too. The W