Epstein Secrets

ar Steams and billions of dollars of losses to firms around the world. The two Bear Steams executives most directly involved in managing the funds, Ralph Cioffi and Matthew Tannin, have been indicted for repeatedly lying to investors about the Enhanced Fund's condition from February to June 2007, when the F

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

f any of them. 12. "Fund Managers" means any person involved, directly or indirectly, in the management of the Funds, including without limitation Ralph Cioffi, Matthew Tannin, Colin Gordon, and Franklin Collins. 13. The term "Bear Steams Fund" means any hedge fund, mutual fund, private equity fund or ot

e and encompass "all," and "all" shall be understood to include and encompass "any." - 2 - KU 274066.1 EFTA00724437 10. The term "Funds" means Bear Stearns High-Grade Structured Credit Strategies, L.P., Bear Steams High-Grade Structured Credit Strategies Enhanced Leverage, L.P., Bear Stearns High-Grade Structured Credit Str

Further, to the extent Claimants somehow attempt to connect their baseless allegations • . about the creation of the EL Fund to the indictment of Ralph Cioffi and Matthew Tannin, the portfolio managers of the HG Funds, it must be noted that Messrs. Cioffi and Tannin were acquitted of all charges on Novemb

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