Epstein Secrets

of Facts 2 A. Mr. Zwirn's Personal Background 2 B. DBZ Background 2 I. DBZ's Investment Strategy 3 2. Mr. Zwirn's Role at DBZ 3 3. Mr. Dubin's Involvement with DBZ 4 4. DBZ's Lock-Ups 4 C. Mr. Epstein's Relationship with Mr. Dubin 6 D. FTC's Investments in the Fund 7 E. Account

ers. In 2000, Michael Dell's investment firm hired Mr. Zwim to start and serve as the portfolio manager of its Special Opportunities Group. In 2001, Glenn Dubin, the co-founder of Highbridge Capital Management ("Highbridge"), recruited Mr. Zwim to serve as a managing director and the senior portfolio manage

nt with DBZ Glenn Dubin was a part-owner of DBZ. He initially held a 50% ownership interest in DBZ (through a holding company controlled by Messrs. Dubin and Swieca). His interest in DBZ declined over time. Mr. Dubin acted as a senior advisor to DBZ, and Mr. Zwirn consulted with him on numerous issues. Mr. Dubi

wirn and Co. • In September 2004, Highbridge sold most of its interests to J.P. Morgan. Though its is Kirklands' understanding that, in substance, Dubin and Sweica continued to receive its portion of the management and incentive fees I paid to Zwirn and then passed on to you and henry in the form of

was entered into that the Dubin and Swieca interests also be paid out under a separate agreement We understand that to date, all the monies owed to Dubin and Swieca have not been fully paid, so that Dubin and Swieca still retains an interest in the Zwirn business. • In October 2006, Zwirn called me to alert m

wirn and Co. • In September 2004, Highbridge sold most of its interests to J.P. Morgan. Though its is Kirklands' understanding that, in substance, Dubin and Sweica continued to receive its portion of the management and incentive fees I paid to Zwirn and then passed on to you and henry in the form of

was entered into that the Dubin and Swieca interests also be paid out under a separate agreement We understand that to date, all the monies owed to Dubin and Swieca have not been fully paid, so that Dubin and Swieca still retains an interest in the Zwirn business. • In October 2006, Zwirn called me to alert m