Epstein Secrets

, California goo67.6o2g Seattle, Washingtongazoa-3000 Stephen D. Susman Direct Dial Fax Direct Dial E-Mail DRAFT December 8, 2009 VIA E-MAIL Jeffrey E. Epstein Financial Trust Company, Inc. 457 Madison Avenue, 4'h Floor New York, New York 10022 Re: D.B. Zwirn Special Opportunities Fund, L.P. Dear Jeffr

ial E-Mail DRAFT December 8, 2009 VIA E-MAIL Jeffrey E. Epstein Financial Trust Company, Inc. 457 Madi

Re: D.B. Zwirn Special Opportunities Fund, L.P. Dear Jeffrey: This Agreement describes the terms and conditio

DRAFT December 8, 2009 VIA E-MAIL Jeffrey E. Epstein Financial Trust Company, Inc. 457 Madison Avenu

ial E-Mail DRAFT December 8, 2009 VIA E-MAIL Jeffrey E. Epstein Financial Trust Company, Inc. 457 Madis

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

Page 101 1 Epstein 2 Zwirn. 3 He told you that one of the pockets in 4 which they invested was the Highbridge/Zwirn fund? 5 A. Yes, sir. 11:03:38 6 Q. And

u? 18 A. Not to the best of my knowledge, no. 19 Q. Tell us the conversation that ensued 20 and who said what. 12:16:03 21 A. Glenn said, Jeffrey, Dan's on the 22 phone, and he's agreed. He thinks -- there's a 23 thank you -- I think Dan said, Thank you for 24 basically reducing your dema

oted: 1:51 p.m.) 4 THE VIDEOGRAPHER: We are back on the 5 record. The time is 1:51 p.m. This is the 01:52:45 6 beginning of Tape Number 4. 7 JEFFREY EPSTEIN , 8 resumed as a witness, having been previously 9 sworn by the notary public, was examined and 10 testified further as follows: 11 EXAMINATI

d 11/13/06 from 13 FTC and Zwirn, Bates-stamped JE 2000, marked 14 for identification.) 15 (Disc

MINATION CONTINUED BY 12 MR. SCHWARTZ: 13 Q. Mr. Epstein, when we broke off, you had 14 just finished te

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

tners, LLC, D.B. Zwim & Co., L.P., DBZ GP, LLC, Zwim Holdings, LLC, and Daniel Zwirn. Introduction 3. Over a three-year period beginning in 2002, Jeffrey Epstein ("Epstein"), through a firm he owned and managed named Financial Trust Company, Inc. ("FTC"), made an $80 million investment in D.B. Zwim Special O

Zwim & Co., L.P., DBZ GP, LLC, Zwim Holdings, LLC, and Daniel Zwirn. Introduction 3. Over a three-year period beginning in 2002, Jeffrey Epstein ("Epstein"), through a firm he owned and managed named Financial Trust Company, Inc. ("FTC"), made an $80 million investment in D.B. Zwim Special Opportuniti

3. Over a three-year period beginning in 2002, Jeffrey Epstein ("Epstein"), through a firm he owned and

Fund, The 2005 Letter Agreement did not provide Mr. Epstein with any such right as of March 31, 2007, becaus

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-

KIRKLAND & ELLIS LLP MEMORANDUM Attorney Work Product Privileged and Confidential TO: Jeffrey E. Epstein CC: Darren K. Indyke FROM: Jay P. Lefkowitz, P.C. Eric F. Leon David S. Flugman DATE: August 7, 2009 RE: Potential Claims against D.B. Zwim

uct Privileged and Confidential TO: Jeffrey E. Epstein CC: Darren K. Indyke FROM: Jay P. Lefkowitz,

y Work Product Privileged and Confidential TO: Jeffrey E. Epstein CC: Darren K. Indyke FROM: Jay P. Le

y Work Product Privileged and Confidential TO: Jeffrey E. Epstein CC: Darren K. Indyke FROM: Jay P. Lef

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

ransferred its administrative functions to a separate location in New York City. 7. Among other things, Dubin brought early 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"),

ng other things, Dubin brought early 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 lar

hings, Dubin brought early investors to the Fund. Jeffrey Epstein was one of the Fund's earliest investors

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