Epstein Secrets

BITRATION IN THE MATTER OF FORTRESS VRF I LLC and FORTRESS VALUE RECOVERY FUND I LLC, Claimants v. JEEPERS, INC., Respondent § Case No. and FINANCIAL TRUST COMPANY, INC. and § JEEPERS, INC., Counter-Claimants and Third-Party Claimants § v. § Arbitrator: D.B. ZWIRN SPECIAL OPPORTUNITIES § FUND, L.P. k/n/a FORTR

awal, the Fund declared that it was not timely because 120-days notice was not given. According to the Fund, [T]he 2005 Letter Agreement permitted Financial Trust to withdrawal under Section 9.1 as of March 31, 2007 (and as of the second anniversary of that date thereafter) on 120 days prior written notice. B

converted from a limited partnership to a limited liability company and renamed "Fortress Value Recovery Fund I LLC." 17. Third-Party Respondent D.B. Zwirn Partners, LLC, was the general partner of the Fund. 18. Third-Party Respondent D.B. Zwim & Co., L.P. was the investment manager for the Fund. 19. Third-

investments in the D.B. Zwim Special Opportunities Fund (the "Fund") in light of the Settlement Agreement and Release entered into between Jeepers, Financial Trust Company, Inc., and you on the one hand, and the Fund, on the other (the "Settlement Agreement"). Section One of this memorandum addresses the Settlement Agreemen

ination Provisions As you are aware, the terms of the Settlement Agreement release the Fund and certain other parties from any claims that Jeepers, Financial Trust, or you might have in connection with your investments in the Fund in exchange for the right to withdraw the principal amounts of two of Jeepers's

st them if Jeepers terminates as described above. Paragraph 6(a) reads, in pertinent part, that Jeepers: fully and irrevocably release[s] the Fund, D.B. Zwirn Partners, LLC, D.B. Zwirn & Co., L.P., DBZ GP, LLC, Zwirn Holdings, LLC, and each of their predecessors, successors, parents, subsidiaries, affiliates, div

, marked 14 for identification.) 15 (Discussion off the record.) 01:56:31 16 MR. SCHWARTZ: Exhibit 5 is a 17 memorandum on the letterhead of Financial 18 Trust Company and Zwirn dated November 13, 19 2006, with the Bates number JE 2000. 20 Q. Do you recognize that to be your 01:56:46 21 signature? 22 A. I

ned subsidiary called 19 JEEPERS. 20 Q. Which was the wholly owned subsidiary 02:17:31 21 of Financial Trust Company? 22 A. Yes, sir. 23 Q. Financial Trust Company is located 24 where? 25 A. The Virgin Islands, U.S. Virgin 02:17:38 VERITEXT REPORTING COMPANY www.veritext.com EFTA00299258 Page 175 1

es. 17 Q. Do you recognize this to be the 18 assignment? 19 A. That's what it says. 20 Q. And it is in fact consented to by 02:25:44 21 D.B. Zwirn Partners and Zwirn Holding 22 D.B. Zwirn Partners by the holding company? 23 A. Yes. 24 Q. And it was executed prior to the end of 25 the year; corr

you as client and us as lawyers. Susman Godfrey L.L.P. ("SG", "we", or "us") (which includes any successor to the partnership of SG) will represent Financial Trust Company, Inc., Jeepers, Inc., and Jeffrey Epstein ("Client" or "you") in connection with all claims you have against Daniel Zwim, D.B. Zwim Special Opportunities

effrey Epstein ("Client" or "you") in connection with all claims you have against Daniel Zwim, D.B. Zwim Special Opportunities Fund, L.P. ("Fund"), D.B. Zwirn Partners, LLC, D.B. Zwim & Co., L.P., Zwirn Holdings, LLC, Glenn Dubin, Highbridge Capital Management, Dubin & Swieca Asset Management, and any of their suc

investors to the Fund. Jeffrey Epstein was one of the Fund's earliest investors. Over the next couple of years, Epstein's wholly-owned corporation, Financial Trust Company, Inc. ("FTC"), became one of the largest retail investors in the Fund. FTC made a series of large capital contributions to the Fund totaling $80 million

f the Fund was amended to officially change the Fund's name to D.B. Zwirn Special Opportunities Fund, L.P. 3. The General Partner of the Fund was D.B. Zwirn Partners, LLC ("DBZ Partners"). The Fund's investment manager was D.B. Zwim & Co., L.P. ("DBZCO") , in which Glenn Dubin had an interest. 4. The managing