Epstein Secrets

5943 Dated: May 20, 2011 New York, NY PAUL, WEISS, RIFIGND, WHARTON & GARRISON LLP Allan J er A. Spiegel Hannah S. Sholl 1285 Avenue of the Americas New York. NY 10019-6064 Phone: Fax: Email: Attorneys for Claimants Fortress VRF I LLC and Fortress Value Recovery Fund I LLC 3 EFTA00665944

laims and defenses: Daniel Zwim; Jeffrey Epstein; David Lee; Doug Cardoni; Elise Hubsher; Brad Flood; Allyson Alimansky; and Heath Weisberg. Henry Bregstein of Katten Muchin Rosenman LLP may testify as an expert on the practices relating to restrictions on investment withdrawals (and the reasons for suc

423 Dated: May 20, 2011 New York, NY PAUL, WEISS, RIFICIND, WHARTON & GARRISON LLP Allan J er A. Spiegel Hannah S. Sholl 1285 Avenue of the Americas New York NY 10019-6064 Email: Attorneys for Claimants Fortress VRF I LLC and Fortress Value Recovery Fund I LLC 3 EFTA00604424

laims and defenses: Daniel Zwim; Jeffrey Epstein; David Lee; Doug Cardoni; Elise Hubsher; Brad Flood; Allyson Alimansky; and Heath Weisberg. Henry Bregstein of Katten Muchin Rosenman LLP may testify as an expert on the practices relating to restrictions on investment withdrawals (and the reasons for suc

006537 Arbitrator: Hon. Anthony J. Carpinello (Ret.) CLAIMANTS' PRE-HEARING BRIEF PAUL, WEISS, RIFKIND, WHARTON & GARRISON LLP 1285 Avenue of the Americas New York, New York 10019-6064 (212) 373-3000 Attorneys for Claimants Fortress VRF I LLC and Fortress Value Recovery Fund 1 LLC EFTA00613940 TA

ting to such a lock-up, the investor gains the potential for the higher returns presented by illiquid investments. (See Exhibit X, Expert Report of Henry Bregstein, at 4-8.) Table 3 illustrates this point. If an investor invests $10 million on May I, 2002 (as Jeepers did) under a rolling two-year lock-up sched

PAUL, WEISS, RIFKIND, WHARTON & GARRISON LLP 1285 AVENUE OF THE AMERICAS NEW YORK. NEW YORK 10019-8054 TELEPHONE (2110 37)41000 LLOYD K GARRISON 11045.1111) RANDOLPH E. PAUL /16441186/ SIMON It RIFKIN° 11080190S) LO

370 Letter to David Lee from Jeffrey Epstein re Settlement Agreement and Release 1/5/2010 JE 001552 371 Henry Bregstein Biography — — 372 Henry Bregstein Expert Report 6/24/2011 — 373 Sponsor B - Redacted Confidential Offering Memorandum _ BREGSTEIN 0000000] — 00000049 374 Sponsor C — Redacte