atively re-confirmed and that Bear Steams stood behind its valuations. In fact, Spector, following a pattern of deceit also practiced by Ciofli and Tannin, as the government's allegations detail, falsely told Epstein that Spector intended to purchase additional interests in the Enhanced Fund. Epstein d

f 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 Every investor in the HG Fund was informed about the launch of the EL Fund, provided with th

in repeatedly refers to Ralph Cioffi and Matthew Tannin, the Funds' managers, as "indicted fraudsters." As Epstein is now no doubt aware, Cioffi and Tannin were acquitted of all charges on November 10, 2009. 10 Epstein also alleges — correctly — that Spector approved an investment of $25 million of the

sal to exercise influence on the Israeli government, which behaves like an occupying power on Palestinian territory. The fourth submarine, known as Tannin, was first launched in early May and its delivery is set for early 2013. Submarine number five will follow in 2014 and number six by 2017. These l

s. Worked at UBS (3 years), Oppenheimer (I I years). • As a compliance executive, he might have spent a career watching folks like Coffi and Tannin cut corners and ignore folsk like him • • Industry insider Probably very conservative • Strike Kevin Natighten • • • • • Not a lawyer

the entire subprime market is toast ... If AAA bonds are systematically downgraded then there is simply no way for us to make money- ever." 201. Tannin concluded that "caution would lead us to conclude the [CDO report] is right and we're in bad shape." On May 13, 2007, Tannin reiterated to another B