Epstein Secrets

eams' former Chairman of the Board of Directors, Alan Greenberg. After leaving in 1981, Epstein continu

llions 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 Fund ultimately coll

personal and professional relationships with both Alan Greenberg, former Chairman of the Board, and Jim

gement of the Funds" nor represented that he oversaw the Funds. Am. St. Claim 1 16. Indeed, Epstein admits as much, conceding that Ralph Cioffi and Matthew Tannin — not Spector — were "[t]he two Bear Steams executives most directly involved in managing the funds." Am. St. Claim 1 9. Epstein's assertion that t

after being personally recruited as a trader by Alan Greenberg ("Greenberg"), Bear Stearns' former Cha

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 November 10, 2009.10 9 Ev