Case File
efta-02729207DOJ Data Set 11OtherEFTA02729207
Date
Unknown
Source
DOJ Data Set 11
Reference
efta-02729207
Pages
12
Persons
0
Integrity
Extracted Text (OCR)
EFTA DisclosureText extracted via OCR from the original document. May contain errors from the scanning process.
?1 I 23/ 2009 15:04
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Aileen Josephs, P.A.
Attorney at Law
h`l Ovate.. :env.
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January 25,2008
TO: Ms. Sanchez, Esq.
RE: Mr. Epstein
From Aileen Josephs, Esq.
Ms. Sanchez:
X
PAGE
01
Aileen 'myths
Monk, ./ Myron 4 I :Annie.
Flinght avn
Women in our County have been watching this case with great
concern. I strongly suggest that you do not attack the victim(s). If you feel
your client is innocent, you can file a libel suit- of course, the truth is an
absolute defense to libel, and please keep in mind that not knowing the age
of a child is no defense to statutory rape or any sexual enure committed
against a child.
Sincerely,
Aileen Josephs, Esq.
Cc. Ms. Lana Belohavek- State Attorney's Office
Ms. La Tosha Lowe- request to place this letter in State's file
Chief of Police- Palm Beach
09112/2019
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CONFIDE
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Lately, Jeffrey Epstein's
high-flying style has been
drawing oohs and aahs: the
bachelor financier lives
in New York's largest
private residence, claims to
take only billionaires as
clients, and flies celebrities
including Bill Clinton and
Kevin Spacey on his Boeing
727. But pierce his air
of mystery and the picture
changes. VICKY WARD
explores Epstein's investment
career, his ties to retail
magnate Leslie %Atilt and
his complicated past
SDNY_GM_00331369
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n Manhattan's
Upper Ely[ Side. home to some of the
most expehsive real estate on earth, exists
the crown jewel of the city's residential
town houses. With its 15-trot-high oak door,
huge arched windows, and nine floors. it
sits on—or. rather. commands—the block
of 71st Street between Fifth and Madison
Avenues. Almost ludicrously out of pro-
portion with its four- and five-story neigh-
bors. it seems more like an institution than
a house. This is perhaps not surprising—
until 1989 it was the Birch Wathen private
school. Now it is said to be Manhattan's
largest private residence.
Inside. amid the flurry of menservants
attired in sober black suits and pristine
white gloves, you feel you have stumbled
into someone's private Xanadu. This is
no mere rich person's home, but a high-
walled. eclectic. imperious fantasy that
seems to have no boundaries.
The entrance hall is decorated not with
paintings but with row upon row of indi-
vidually framed eyeballs: these, the owner
tells people with relish, were imported from
England. where they were made for in-
jured soldiers. Nat coma a marble foyer,
which does have a painting, in the man-
ner of Jean Dubutkt ... but the host coyly
refuses to tell visitors who painted it. In any
case. guests are like pygmies next to the
nearby twice-life-size sculpture of a naked
African warrior.
Despite its eccentricity the house is curi-
ously impersonal the statement of someone
who was to be known for the scale of his
possessions. Its occupant. financier Jeffrey
Epstein, 50, admits to friends that he likes it
when people think of him this way. A good-
looking man. resembling Ralph Lauren.
with thick gray-white hair and a weathered
face, he usually dresses in jeans, knit shirts,
and loafers. He tells people he bought the
house because he knew he "could newer live
anywhere bigger." He thinks 51,000 square
let is an appropriately large space kr some-
one like himself, who deals mostly in large
concepts—especially large sums of money.
09/12aut9
302
1 VA wily FAIR
Guests are invited to lunch or dinner at
the town house—Epstein usually mks to the
former as "tea: since he likes to eat bite-
size morsels and drink copious quanta's of
Earl Gory. (He does not touch alcohol or to-
bacco.) Tea is served in the "leather mom:'
so called because of the cordovan-colored
fabric on the walls. The chairs are covered
in a leopard print, and on the wall hangs a
huge, Oriental fantasy of a woman holding
an opium pipe and caressing a snarling li-
onskin. Under her gaze, plates of finger
sandwiches are delivered to Epstein and
guests by the menservants in white gloves.
Upstairs, to the right of a spiral stair-
case, is the "office," an enormous gallery
spanning the width of the house. Strangely.
it holds no computer. Computers belong in
the "computer mom" is smaller room at
the back of the house). Epstein has been
known to say. The office features a gilded
desk (which Epstein tells people belonged
to banker J. P Morgan). 18th-century black
lacquered Portuguese cabinets. and a nine-
foot ebony Steinway "D" grand. On the
desk, a paperback copy of the Marquis de
Sade's The Allsjoesunes of Orme was re-
cently spotted. Covering the floor. Epstein
has explained. "is the largest Persian rug
you'll ever see in a private home—so big, it
must have come from a mosque: Amid
such splendor, much of which reflects the
work of the French decorator Alberto Pin-
to. who has worked -err Jacques Chirac and
the royal families of Jordan and Saudi Ara-
bia, there is one particularly startling oddi-
ty: a stuffed black poodle. standing atop
the grand piano. -No decorator would ever
tell you to do that: Epstein brags to visi-
tors. "But I want people to think what it
means to stuff a dog." People can't help
but feel it's Epstein's way of saying that he
always has the last word.
In addition to the town house. Epstein
lives in what is reputed to be the largest
private dwelling in New Mexico. on an 418
million. 7.500-acre ranch which he named
"Zeno." "It makes the town house look hire
a shack," Epstein has said. He also owns
Little Sr. James. a 70-acre island in the
U.S. Virgin islands. where the main house
is currently being renamed by Edward Ma-
de, a designer of the Arnanresons. There is
also a 56.8 million house in Palm Beach,
Florida, and a fleet of aircraft: a Gulfstream
IV, a helicopter. and a Boeing 727. replete
with trading room. on which Epstein re-
cently flew President Clinton, actors Chris
Tucker and Kevin Speech supermarket
magnate Ron Burkle. Lew Wasserman's
grandson, Casey Waxman, and a kw oth-
ers, on a mission to explore the problems of
/UOS and economic development in Africa.
Epstein is chaining_ but he doesn't let
Pagnzaor
the charm slip into his eyes. They are steely
and calculating, giving some hint at the
steady whir of machinery running behind
them. "Let's play chess," he said to me, af-
ter refusing to give an interview kr this arti-
cle. "You be white. You get the first move:
It was an appropriate metaphor for a man
who seems to feel he can win no matter
what the advantage of the other side. His
advantage is that no one really seems to
know him or his history completely or what
his arsenal actually consists of. He has care-
fully engineered it so that he remains one
of the kw truly baffling mysteries among
New York's moneyed world. People know
snippets, but kw know the whole.
"He's wry enigmatic." says Rosa Mond-
ton, the former C.E.O. of Tiffany & Co. in
the U.K. and a close friend since the early
1980s. "You think you know him and then
you peel off another ring of the onion skin
and there's something else rinaordinary
underneath. He never reveals his hand....
He's a classic iceberg. What you see is not
what you get."
wen acquaintances sense a
curious dichotomy: Yes. he
lives like a "modern ma-
haraja.- as Leah Kiernan,
one of his art dealers. puts
it. Yet he is fastidiously. al-
most obsessively private—he
lists himself in the phone book under a
pseudonym. He rarely attends society gath-
erings or weddings or funerals; he considers
eating in restaurants like -eating on the sub-
way"—i.e.. something he'd never do. Them
am many women in his life. mostly young,
but there is no one of them to whom he
has been able to commit. He describes his
most public companion of the last decade,
Ghislaine Maxwell. 41. the daughter of the
late, disgraced media baron Robert Max-
well, as simply his -best friend." He says
she is not on his payroll, but she seems
to organize much of his life—recently she
was making telephone inquiries to find a
California-based yoga instructor for him.
(Epstein is still close to his two other long-
term girlfriends, Paula Heil Fisher, a for-
mer associate of his at the brokerage firm
Bear Stearns and now an opera producer,
and Eva Andersson Dubin. a doctor and
onetime model. He tens people that when
a relationship is over the girlfriend "moves
up, not down: to friendship status.)
Some of the businessmen who dine with
him at his home—they include newspaper
publisher Mort Zuckerman. banker Louis
Ranieri. Revlon chairman Ronald Perelman.
real-estatc tycoon Leon Black. former Mi-
crosoft executive Nathan Myhnold, Tom
Pritzke48AccIEtkiktbilkag tripigfate
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personality Donald Trump—sometimes
seem not all that clear as to what he ac-
tually does to earn his millions. Cenainly,
you won't find Epstein's transactions writ-
ten about on Bloomberg or talked about in
the trading rooms. "The trading desks daft
seem to bow him. It's unusual for animals
that big not to leave any footprints in the
snow." says a high-level inurement manager.
Unlike such fund managers as George
Soros and Stanley Drucicenmiller, whose
client lists and stock maneuverings act as
their calling cards, Epstein keeps all his
deals and clients secret, bar one client: bil-
Bonaire Leslie Viewer, the respected chair-
man of Limited BTUs. Epstein insists that
ever since he left Boar Steens in 1981 he
has managed money only for bfllionaires—
who depend on him for discretion. "I was
the only person crazy enough, or
arrogant enough. or misplaced
enough, to make my limit a bit-
Soo dollars or more." he tells peo-
ple freely. According to him, the
flat &es he roaches from his clients.
combined with his skill at playing
the currency markets "with very
large sums of money," hate afforded
him the lifestyle he enjoys today.
Why do billionaires choose him
as their trustee? Because the prob-
lems of the mega-rich, he tells peo-
ple. are different from yours and
mine, and his unique philosophy is
central to understanding those problems:
-Very few people need any more money
when they have a billion dollars. The key
is not to have it do harm more than any-
thing else.... You don't want to lose your
money."
e has likened his job to
that of an architect—more
specifically, one who we-
e:allies in remodeling: "f
always describe la billion-
.
anal as someone who
started out in a small
home and as he became wealthier had add-
: ore. He added on another addition, he built
- a room over the garage ... until you have a
it house that is usually a mess.... !Catskill&
house that has been put together over time
• when no one could foretell the financial tu-
t; cure and their accompanying needs."
i
He makes it sound as though his job
° combines the roles of real-estate agent, as
countant. lawyer, money manager, trustee,
and confidant. But, as with Jay Gatsby,
myths and rumor swirl around Epstein.
Here are some of the hard facts about
Epstein—ones that he doesn't mind people
knowing:- He
middle-class in
Brooklyn. His at r 2 worked for the city's
-You think you know
him and then you es.: -7
peel off anothet ring
of the onion.'
parks department. His
parents viewed educa-
tion u "the way out
for him and his young-
er brother. Mark, now
working in real estate.
Jeffrey started to play
the piano—for which he
maintains a passion—at
five, and he went to
Brooklyn's Lafayette High
School. He was good at
mathematics, and in his
early 20s he got a job teaching physics and
math at Dalton. the elite Manhattan pri-
vate school. While there he began tutoring
the son of Bear Steams chairman Ace
Greenberg and was friendly with a daugh-
ter of Greenberg's. Soon he went to Bear
Stearns. where. under the mentorship of
both Greenberg and current Bear Steams
C.E.O. James Cayne, he did well enough
to become a limited partner—a rung be-
neath full partner. He abruptly departed in
1981 because, he has said, he wanted to
run his own business.
Thereafter the details recede into shad-
ow. A few of the handful of current friends
who have known him sinraff et 1980s
Henry RosovsteheyfilstcivRatt9-411
recall
VVIY1
UNREAL ESTATE
From mr.. the "leather
room" .n Ep,tein't house.
"here "tea- is until
to guests: Epstein at his
Zorro ranch rn 1991
with his -best friend."
Ghislaine Mama
Epstein in 1979.
"bounty hunter:' recov-
ering lost or stolen mom
ey for the government or for very rich
people. He has a license to carry a firearm.
For the last 15 years, he's been running his
business, J. Epstein & Co.
Since Leslie Wexner appeared in his
life—Epstein has said this was in 1986:
others say it was in 1989, at the earliest—
he has gradually, in a way that has not
generally mad:. headlines, come to be ac-
cepted by the Establishment. He's a mem-
ber of various commissions and councils:
he is on the Trilateral Commission, the
Council on Foreign Relations, the New
York Academy of Sciences, and the Insti-
tute of International Education.
His current fan club extends to Cayne,
NTIALw"
es
I
Arts am. Sexnces. and
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SPOILS OF SUCCESS
From tux Epstein's 70.
acre island. Little St.
lames. in the U.S. Virgin
Islands—he now calls
it Little St. Tell: Epstein
Met President Clinton in
Brunei. 200:: Leslie
Wexner with his future
wife. Abigail. at the 1990
C.F.DA. Fashion Awards,
in New York. 1991.
Larry Summers. Harvard's current presi•
dent. Harvard law prokssor Alan Dersho-
witz says, "I'm on my 20th book.... The
only person outside of my immediate firmly
that I send drafts to is Jeffrey." Real-estate
developer and philanthropist Marshall Rose,
who has worlad with Epstein on projects in
New Albany. Ohio, for Wexner. says. "He
digests and decodes the information very
rapidly, which is to me terrific because we
have shorter meetings."
Also on the list of admirers are former
senator George Mitchell and a gaggle of
distinguished scientists, most of whom
Epstein has helped fund in recent years.
They include Nobel Prize winners Gerald
09/12/2019
ins :
F. , t
Edebnan and Murray WI-
Mann, and mathematical
biologist Martin Nowak.
When these men describe
Epstein. they talk about
"energy" and -curiosity," as
well as a love for theoreti-
cal physics that they don't
ordinarily find in laymen.
Gell-Mann rather sweetly
mentions that "there are al-
ways pretty ladies around"
when he goes to dinner the
Epstein, and he's under the impression that
Epstein's clients include the Queen of En-
gland. Both Nowak and Dershowitz were
thrilled to find themselves shaking the hand
of a man named -Andrew' in Epstein's
house. "Andrew" turned out to be Prince
Andrew, who subsequently arranged to sit
in the back of Dershowitis law class.
Epstein gets annoyed when anyone sug-
gests that Wexner "made him.- "I had real-
ly rich clients before," he has said. Yet he
does not deny that he and Warier have a
special relationship. Epstein sees it as a
partnership of equals. "People have said it's
like we have one brain between two of us:
each has a side
Page 2809
CONFIDENTIAL
"I think we both possess the skill of
seeing patterns," says Wexner. "But Jef-
frey sees patterns in politics and finan-
cial markets, and 1 see panems in lifestyle
and fashion trends. My skills are not in in-
vestment strategy, and, as everyone who
knows Jeffrey knows, his are riot in fash-
ion and design. We frequently discuss
world trends as each of us sees them-
y the time Epstein met
Wenner, the latter was a
retail legend who had
built a $3 billion em-
pire—one that now in-
cludes Victoria's Secret,
Express, and Bath &
Body Works—from 55,000 lent him by his
aunt. "Wexner saw in Jeffrey the type of
person who had the potential to real-
ize his (Jeffrey's] dreams," says some-
one who has worked closely with
both men. "He gave Jeffrey the ball.
and Jeffrey hit it out of the park:'
Yibma through a trust. bought
the town house in which Epstein
now lives for a reported S13.2
million in 1989. In 1993. Wex-
ner married Abigail Koppel.
a 3l-year-old lawyer, and the
neulyweds relocated to Ohio:
in 1996, Epstein moved in-
to the town house. Public
documents suggest that the house
is still owned by the trust that bought it.
but Epstein has said that he now owns the
house.
Wexner trusts Epstein so completely
that he has assigned him the paver of fidu-
ciary over all of his private trust and ktire
dations, says a source close to Uttar. In
1992, Epstein even persuaded Wexner to
put him on the board of the Wexner Four)•
dation in place of Wanes ailing mother.
Bella Wexner recovered and demanded to
—
be reinstated. Epstein has said they settled
he
by splitting the foundation in tun.
ria
Epstein does not care that he comes be- a bei
tween family members. In fact, he sees it ,g7: a c
as his job. He tells people. -I am there to j the
represent my client. and if my client needs t' by
protecting—sometimes even from his own ' at I
family—then it's often better that people
hate me, not the client."
"You've probably heard I'm vicious in
my representation of my clients." he tells : that
people proudly: Leah Rieman describes his - fillet
haggling over art prices as something like
els. '
a scene out of the movie Mad Max Be-
the u
frond Thundentlome. Even a former mentor
"F
says he's seen "the dark side" of Epstein. assoc
and a Bear Stearns source recalls a meet-
ey do
ing in which Epstein chewed out a team he ma
makinacy a 10 otese
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being so brutal as to be "irresponsible."
One reports in fact, moved three threats
from Epstein while preparing a piece they
were delivered in a jocular tone, but the
message was dear: There will be trouble
for your family if I don't like the article.
On the other hand, Epstein is clearly
very generous with friends. Joe Pagano, an
Aspen-based venture capitalist, who has
known Epstein since before his Bear Stearns
days. can't say enough nice things: -I have
a boy who's dyslexic, and Jeffrey's gotten
close to him over the years.... Jeffrey got
him into music. He bought him his first
piano. And then as he got to school he had
difficulty ... in studying ... so Jeffrey got
him intereste4 in taking flying lessons."
Rosa Monekton recalls Epstein telling
her that her daughter. Domenica, who suf.
fen from Down syndrome. needed the sun,
and that Rosa should kd free to bring her
to his house in Palm Beach anytime.
Some friends remember that in the late
80s Epstein would offer to upgrade the air-
line tickets of good friends by affixing fun-
class stickers: the only problem was that the
stickers turned out to be unofficial. Some-
times the technique swilled. but other times
it didn't. and the unwitting recipients found
themselves exiled to coach. (Epstein has
claimed that he paid for the upgrades, and
bad no knowledge of the stickers.) Many of
those who benefited from Epstein's largesse
claim that his generosity comes with no
strings attached. -I never felt he wanted
anything from me in return.- says one old
friend. who received a first-class upgrade.
FI
pstetn is known about town
as a man who lows wom-
en—lots of them. mostly
young. Model types have
been heard saying they are
full of gratitude to Epstein
for flying them around. and
he is a familiar face to many of the Victo-
ria's Secret girls. One young woman recalls
being summoned by Ghishaine Maxwell to
a concert at Epstein's town house. where
the women seemed to outnumber the men
by far. -These were not women you'd see
at Upper Fast Side dinners." the woman
recalls. "Many seemed foreign and dressed
a little bizarrely." This same guest also at-
tended a cocktail party thrown by Maxwell
that Prince Andrew attended, which was
filled. she says. with young Russian mod-
els. "Some of the guests were horrified."
the woman says.
"He's reckless." says a former business
associate, "and he's gotten more so. Mon-
ey does that to you. He's breaking the oath
he made to himself—that he would never
do anythim rho 19would expose him in the
zr20
ARCH 2003
media. Right now, in the wake of the pub-
licity following his trip with Clinton, he
must be in a very difficult place."
:cording to S.E.C. and
other legal documents un-
earthed by Vanity Thin
Epstein may have good
reason to keep his past
cloaked in secrecy: his real
mentor it might seem. was
not Leslie Wexner but Steven Jude Hoffen-
berg. 57 who, for a few months before the
S.E.C. sued to freeze his assets in 1993, was
trying to buy the New York Post He is cur-
rently incarcerated in the Federal Medical
Center in Devens. Massachusetts. serving a
20-year sentence for bilking investors out of
more than 5450 million in one of the largest
Ponzi schemes in American history.
When Epstein met Hoffenberg in Lon-
don in the 1980s, the latter was the char-
ismatic, audacious head of the Towers
Financial Corporation. a collection agency
that was supposed to buy debts that peo-
ple owed to hospitals. banks. and phone
companies. But Hoffenberg began using
company funds to pay off earlier investors
and service a lavish hfesryle that included a
mansion on Long Island. homes on Man-
hattan's Sutton Place and in Florida. and a
fleet of cars and planes.
Reifenberg and Epstein had much in
common. Both were sntan and obsessed
with making money. Both were front Brook-
lyn. According to Hoffer.bent the Two men
were introduced by Douglas Leese. a de-
&nse contractor. Epstein has said they were
introduced by John Mitchell. the late attor-
ney general.
Epstein had been running International
Assets Group Inc. (I.A.G.). a consulting
company. out of his apartment in the Solo
building on East 66th Street in New York.
Though he has claimed that he managed
money for billionaires only. in a 1939 dep-
osition he testified that he spent SO per-
cent of his time helping people recover
stolen money from fraudulent brokers and
lawyers. He was also not above entering
into risky, tax-sheltered oil and gas deals
with much smaller investors. A lawsuk that
Michael Stroll, the former head of Wil-
liams Electronics Inc.. filed against Epstein
shows that in 1982 I.A.G. received an in-
vestment from Stroll of 5450.000. which
Epstein put into oil. In 1984, Stroll asked
for his money back: four years later he had
received only $10,000. Stroll lost the suit.
after Epstein claimed in court, among oth•
cr things, that the check for S10,000 was for
a horse he'd bought from Stroll, "My net
worth never exceeded four and a half mil-
lion dollars " Stroll itgbiniew
CONFIDENTIAL
Hoffenberg, says a close friend, "really
bled Jeffrey.... Jeffrey has a way of getting
under your skin, and he was under Holt
fenberg's." Also appealing to Hoffenberg
were Epstein's social connections; they in-
cluded oil mogul Cece Wang (father of the
designer Vera) and Mohan Mutjani. whose
clothing company grew into Gloria Van-
derbilt Jeans. Epstein lived large even then.
One friend recalls that when he took Cana-
dian heiress Wendy Belzberg on a date he
hired a Rolls-Royce especially for the • no
casion. (Epstein has claimed he owned it.)
In 1987 Reifenberg, according to sources,
set Epstein up in the offices he still occu-
pies in the Villard House. on Madison Av-
enue- across a courtyard from the restaurant
Le Cirque. HolTenbers hired his new pro-
tege as a consultant at 525,000 a month.
and the relationship flourished. They tray
tied everywhde together—on Hoffenbergs
plane. all around the world, they were al-
ways together," says a source. Hoffenberg
has claimed that Epstein confided in him.
saying. for example. that he had left Bear
Steams in 1981 after he was discovered ex-
ecuting "illegal operations."
Several of Epstein's bear Stearns contem-
poraries recall that Epstein left the compa-
ny tiny suddenly. Within the company there
were rumors also that he was involved in a
technical infringement. and it was thought
that the executive committee asked that he
resign after his two supporters. Ace Green-
berg and Jimmy Cayne. were outnumbered.
Greenberg says he can't recall this: Carne
denies it happened. and Epstein has de-
nied it as well. "Jeffrey Epstein left Bear
Stearns of his own volition." says Cm ne.
-It was never suggested that he leave by
any member of management. and manage-
ment never looked into any improprieties
by him. Jeffrey said specifically.. 'I don't
want to work for anybody else. I want to
work for myself:- Yet. this a not the story
that Epstein told to the S.E.C. in 1981 and
to lawyers in a 1989 deposition involving a
civil business case in Philadelphia.
In 1981 the S.E.C.'s Jonathan Harris and
Robert Blackburn took Epstein's testimony
and that of other Bear Stearns employees in
part of what became a protracted case
about insider trading around a tender offer
placed on March II, 1981. by the Seagram
Company Lsil for St. Joe Minerals Corp.
Ultimately several Italian and Swiss in.
vestors were found guilty. including Italian
financier Giuseppe Tome, who had used
his relationship with Seagram owner Edgar
Bronfman Sr. to obtain information about
the tender offer.
After the tender offer was announced.
the S.E.C. began investigating trades in•
volvh18 SkalffityPtrossajcerlenkalqtaateflutle
VA...Ur
04
SDNY_GM_00331 374
EF1'A_00204100
EFTA02729214
attains a parody of Afftedc and Matt Da-
rn making Good MU Huang JL Alfteck
vs to Damon, "What do I keep telling you?
but gotta do the safe picture, then you do
re art picture. Then sometimes you gotta
the payback picture because your friend
ars you owe him. Then sometimes you got-
bgo back to the well"
"Sometimes you do Reindeer Games,"
lemon says derisively.
"That's just mean:' Mika whines.
But its a pretty accurate description of
career to date. "Ben takes these franchise
poperties so he can go and experiment,"
Rs Harvey Weinstein.
"He believes in trying to stretch himself
ad notIkeep doing the same thing," °b-
uses Bruce Wdlis, who starred with Aftleck
inrIrmageddon. "He's an awesome actor,
ad I think he's going to do great things."
Severe) years ago. in a televised interview
oilnside the Actors Studio. Mink said that
hirgoal was to make big comment-id movies.
He has since revised his ambitions. "That's
anadolescent aspiration, in a way. I'd
rafter be in movies like Magnolia. which I
:hik is a towering achievement. I'll con-
fine to act. but I won't act in a way that
respires me to hang my name out there
am do a lot of publicity. I'll do character
(ohs and focus on writing and directing. It
doesn't require the same kinds of MM•
tint in terms of quality of life and person-
'al Ife, and it's a more holistic approach to
theprocess. It's become increasingly trus-
ting for me to have my role in the story.
tellag process limited to one character. You
hag to be respectful and judicious about
your input when it's somebody else's project"
Meek has always impressed colleagues
with his voracious appetite for information
and skills. "He has made it a point to learn
everything he can about how the business
works—not just the craft of acting. but
from the producing standpoint, from the
studio standpoint," says Jon Gordon. exec-
utive vice president of production at Mira-
max. "He knows how deals work. It's what
sets him apart. If he wanted to run a studio
at some point, he could. He's about as
sharp as they come?"
A
Meek is dready juggling his acting with
screenwriting and such other commit-
ments as Project Greentight. the contest he
and Damon started to help launch the ca-
reers of young filmmakers. Aftleck's friends
are certain he'll be directing soon. "There's
no question." Weinstein says. "Both he and
Matt. I think they're going to rewrite the
rules. These guys can fix anything. There'll
be home runs in both instances."
But there are other thoughts tickling the
back of Alleck's mind as well. A passion-
ate liberal he campaigned for Al Gore,
cares deeply about political issues, and is
extremely well inlbrmed. He entertains him-
self by writing imaginary political speeches
in his head. He would rather discuss AIDS
in Africa than his mak career.
When Lopez goes to Affteck's mother's
house for dinner. Weinstein reports. "J.Lo
told me that the conversation at the table is
always about politics--about government
initiatins. educational initiatives. what's go-
ing on in the day."
So is Attica planning to iw.,ome the lib-
trals' answer to Ronald Reagan' lie admits
that he entertains the thought of someday
=rang for Congress, at lag: "I think there's
a real nobility to public service. Ii would be
fun to run on a platform I really beiy eel
in, without any of the kind of compron:
people make—without being beholden
the win-at-all-eosts mentality."
And the invasion of privacy would he
nothing new. "What arc you going to say
about me that hasn't already been said? I
don't chat, I don't drink, I don't do drugs.
I live a dean life." Afftedt says, his eyes
twinkling.
"He's only 30 years old." says Jennifer
Todd who co-produced Bode Room. "He
still has an enormous amount of time to
do things."
Time, and drive. "I think hes incredibly
hungry." says Sean Bailey. who founded
the media and production company Live-
Planet with Affleck. Damon. and Chris
Moore. "I think the guy has very grand
aspirations. I don't think hes going to be
content with just being a movie star. He
knows he has the potential to do very big
things:
Such ambitions could be derailed by any
number of miscalculations. including a pri-
vate life that generates too many sensational
headlines, but Aifleck has a clear idea of
the ultimate goat. "On my deathbed. I haw
to be one who looks back and feels I lived
a good and substantial and meaningful
lik." he says.
In the meantime. hose-en there's a wed-
ding to plan. Z
Jeffrey Epstein
C ONTINUED FROM PACE SOS Bear Stearns
ndother firms. Epstein resigned from Bear
Seams on March 12. The S.E.C. was tipped
off that Epstein had intbrmation on insider
tradiig at Bear Stearns. and it was therefore
obliged to question him. In his S.E.C. testi-
mony, giwn on April L 1981, Epstein claimed
that he had found "offensive" the way Bear
Steams management had handled a disci•
plinary action following its discovery that he
had committed a possible "Reg Cff viola-
tica—midently he had lent money to his clos-
est friend. (In the 1989 deposition he said
that he'd lent approxirnatdy 520.000 to War-
ren Eisenstein, to buy stock.) Such an anion
could have been considered improper, al.
though Epstein claimed he had not realized
this until afterward.
According to Epstein. Bear Stearns man-
agement had questioned him about the loan
around March 4. The questioners. Epstein
Q: Sir, • re you a
f
rumors may
sard9litia20Illkael (Mickey) Tarnopol andr
in7S
M
ar ainAl—
•
Q.
Alvin Einbender. In his 1989 deposition Ep-
stein recalled that the partner who had made
an "issue" of the matter was Marvin David-
eon. On March R Epstein said he had met
with Tarnopol and Einbender again, and the
two partners told him that the matabet corn-
miner had weighed the offense. together with
previous "carelessness" over expenses, and
he would be fined 52.500.
"There was discussion whether. in fact, I
had ever put in an airline ticket for some-
one else and not myself and I said that it
was possible, ... since my secretary hen-
dies my expenses." Epstein told the S.E.C.
In his 1989 testimony he stated that the
"Reg D" incident had cost him a shot at
partnership that year.
What the S.E.C. seemed to be especially
interested in was whether there was a con-
nection between Epstein's leaving and the
alleged insider trading in St. Joe Minerals
by other people at Bear Stearns:
election with your reasons foe leasing the firm.'
Al I'm aware that there were many rumors.
Q: What were the rumors war heard"
A: Nothing to do with A. Joe.
Q: Can you relate what you heard?
A: It was having to do with an illicit affair
with a secretary.
Q: Hue you heard any other rumors suggest-
ing that you had made a presentation or com-
munication to the Executive Committee con-
cerning alleged improprieties by other men
ben or employees of Bear Steams?
A: 4 in fact. have heard that mmcc but its been
from Mr. Harris in our conversation last week.
Q: Have you heard Si from anyone else?
A-. No.
A little later the interview focuses on
James _came:
Q: Did you ever hear while you were at Bear
Steams that Mr. Carne may have trader Or j.!.
sitter information in connection with Si
•
Minerals Corporation?
A: No.
Q: Did Mr. Cayce ever have any conversation
with you about St. Joe Minerals?
A-
cy to Agency Racket: 19-411
u happen to OmMar any Convcrikt•
SDNY_GM_00331375
EFTA_00204101
EFTA02729215
, Jeffrey Epstein
icons between Mr. Cayne and anyone else re-
garding St. Joe Minerals?
A: No.
And mil/litter in the questioning comes this
achange:
Q: Have you had any type of business deal-
ings with Ms. Cayne?
A: There's no relationship with near Steams.
Q: Pardon?
A: Other than Bear Steams. no.
Q: Have you been a partiripam in any type of
business venture with Mr. Cayne?
A: No.
Qt Do you have any exportation a partiripat-
tier} , business venture with Mr. Cayne?
(t.• Have you bad any business participations
with Mr. Theram?
A: No; nor do I anticipate any.
Q: Mr. Epstein. did anyone at Bear Stearns
ell you in words or substance that you should
ice divulge anything about Si. foe Minerals to
he staff of the Securities and Exchange Con-
tenon?
A: No.
Q: Has anyone indicated to you in any way.
ether directly or indirectly. in words or sub-
mace. that YOUT compensation for this past
:tar or any future monies coming to you from
Bear Stearns will be contingent upon your not
dvulging information to the Securities and
Exchange Commission?
A No.
Despite the circumstances of Epstein's
laving, Bear Stearns agreed to pay him his
aunial bonus—which he anticipated as be-
im appnrtimately S100.000.
The S.E.C. never brought any charges
against anyone at Bear Stearns for insider
trading in St. foe. but its questioning seems
so indicate that it was skeptical of Epstein's
answers. Some sources have wondered
why. if he was such a big producer at Bear
Stearns, he would have given it up over a
mere $2.500 fine.
Certainly the years after Epstein let the
firm were not obviously prosperous ones.
His luck didn't seem to change until he met
Reifenberg.
nne of Epstein's first assignments for Hof-
kiknberg was to mastermind doomed bids
to take over Pan American %bid Airsays in
1987 and Emery Air Freight Corp. in 1988.
HoReobag claimed in a 1993 hearing before
a grand jury in Illinois that Epstein came up
wilt the idea of financing these bids through
Towers's acquisition of two ailing Illinois
insurance companies. Associated Lik and
United Fire. 'He was hired by us to work on
the securities side o(the insurance companies
and Towers Financial. supposedly to make a
profit fee us and for the companies," Ram-
berg reportedly told the grand jury. He also
cBstein was the "technician." a-
344 I 'JAN.,'
0.‘i
coning the schemes, although, having no
broker's license, he had to rely on others to
make the trades. Much of Hoffenberts sub-
sequent testimony in his criminal case has
proven to be false. and Epstein has claimed
he was merely asked how the bids could be
accomplished and has said he had nothing
to do with the financing of them. Yee Rich-
ard Allen, the former treasurer of United
Fire. recalls seeing Epstein two or three
times at the company. He and another ex-
ecutive say they had direct dealing with Ep-
stein over the finals= And in his deposition
of 1988 Epstein stated that he was the one
who executed "all" Hoffenbag's instructions
to buy and sell the stock. He called it "mak-
ing the orders." He could not recall whether
he had chosen the brokers used.
To win apprise' from the Illinois insur-
ance regulators for Towers's acquisition of
the companies. HoiTenberg promised to in-
ject 53 million of new capital into them. In
fact. in his grand jury testimony Hoffenberg
claimed that he. his chief operating officer.
Mitchell Brame and Epstein came up with a
scheme to steal 53 million of the insurance
companies' bonds to buy Pan Am and Em-
ery stock. "Jeffrey Epstein and Mitch Stater
arranged the various brokerage accounts acv
the bonds to be placed with in Nen' York.
and I think one in Chicago. Rodman & Rev
Holfenberg reportedly said. Then.
said Hoffenberg, while making it appear as
though they were investing the bonds in
much safer financial instruments. they used
them as collateral to buy the stock. "Ep-
stein was the person in charge of the trans-
actions. and Mitchell Rimer was assisting
him with it in coordination, an behalf of the
insurance companies' money." Ho:limbers
claimed at the time.
At one point. according to Hottinserg.
broker forged the documents necessary for a
41.8 million check to be written on insurance-
company funds. The check was used to buy-
mom stock in the takeover targets. Mean-
while. in order to throw the insurance regula-
tors off the SI.S million was reported as being
safely invested in a money-market account.
United Finis eater chief financial officer
Daniel Payton confirms pan of Hotrenberg's
account. He says he recalls making one or
two telephone calls to Epstein (at Moffat-
bag's direction) about the missing bonds.
"He said, 'Oh. yeah. they still exist.' BUT we
found out bier that he had sold those assets
... leveraged them ... (and) used seine mar-
gin account to take some positions in ...
Emery and Pan Am: says Payton.
Epstein's caraordinary creativity was, ac-
cording to Hoffenberg, responsible for the
purchase by the insurance companies of a
5500.000 bond. with no money down. "Ep-
stein created a great scheme to purchase a
5500.000 treasury bond that would not be
shown • • • last Ittleygllilltgor collateralized.
r psalm was involved with Reifenberg in
.11La other questionable transactions. Finan-
cial records show that in 1988 Epstein in-
vested S1.6 million in Riddell Sports Inc.. a
company that manufactures football helmets.
Among his co.investors were the theater
mogul Robert Nederlander and attorney
Leonard Toboroff. A source close to this
transaction claims that Epstein told Neder-
lander and Toboroff t
he
his
share.? Rik
u
ranker.
CONFIDENTIAL
he reportedly told the grand jury. "It looked
like it was free and clear but it actually
wasn't," he said.
Epstein has denied he ever had any deal-
ings with anyone from the insurance com-
panies. But Richard Allen says he recalls
talking to Epstein at Holfenberg's direction
and telling him it was urgent they retrieve
the missing bonds for a state examination.
According to Allen, Epstein said, "NWT get
them back." He had 'kind of a flippant atti-
tude," says Allen. "They never came back."
E
pstein. according to Hoffenberg, also
tame up with a scheme to manipulate
the price of Emery Freight stock in an at-
tempt to minimize the losses that occurred
when Hoffenberes bid went wrong and the
share price began to fall. This was alleged to
have imbed multiple clients' accounts con-
trolled by Epstein.
Eventually, in 1991, insurance regulators in
Illinois sued Reifenberg. He settled the case,
and Epstein. who was only a paid consul-
tant. was never deposed or accused of any
wrongdoing. Barry Gross. the attorney who
was handhng' the suit for the regulators. says
of Epstein. "He was very elusive.... It was
hard to really track him down. There were a
substantial number of checks for significant
dollars that were paid to hint. I remem-
ber.... He was this character we never got a
handle on. Again we presumed that he was
imehed with the Pan Am and Emery run
that Hoilenberg made. but we never pat a
chance to depose him:
-From the government's discovery in the
main sentencing against Reifenberg it "cold
seem the pavernment was perhaps a bit lazy:
says David Lewis. who represented Mitchell
Brace. "They went for what they knew they
could get ... and that was the fraudulent
promissory notes (i.e., the much larger and
unrelated part of Hof enberg's fraud, based
in New York Statet.... What they couldn't
get. they didn't bother with"
Another lawyer involved in the criminal
prosecution of Reifenberg says. "in a crim-
inal investigation like that. when there is a
guilty plea. to be quick and dirty about it.
discovery is always incomplete... . They
don't have to line up witnesses; they don't
have to learn every fact that might tome out
on cross•examination"
IAA*
SDNY_GM_00331 376
EFTA_00204102
EFTA02729216
a
whose identity they could not be allowed to
know. But Hoffenberg has claimed the mon-
cy came from him, and Towers's financial
statements for that year show a loan to Ep-
stein of 5400.000. (Epstein has said he
can't remember the details and has dis-
puted the accuracy of the Towers financial
reports.)
Around the same time, Nederlander and
Toboroff let Epstein come in with than on a
scheme to make money out of Penmvalt, a
Pennsylvania chemical company. The plan
was to group together with two other parties
to take a substantial declared position in the
stock. According to a source, Epstein was
supposed tp help Naderlender and Toboroff
raise 51$ million. He seemed to fail to find
other investors, say those familiar with the
deal. (Epstein has said he was merely an in-
vestor.) He invested SI million, which he
told his co-inwston was his own money.
But in his 1989 deposi-
tion he said that he put
in only $300,000 of his
own money. Where did
the rest come from? Hof-
knberg has said it came
from him. in a loan that
Nederlander and Toboroff
didn't know about.
Two things happened
that alarmed Nederlander
and Toboroff. Alter the
group signaled a possible
takeover. the Pennwalt
management threatened to
sue the would-be raiders.
Epstein was reluctant ini-
tially to give a deposition
about his share of the
money. telling Toboroff
there were "reasons" he
didn't want to. Then. after the opportunity
for new investors was closed. codnvestors
recall Epstein announcing that he'd found
one at last: Dick Snyder. then C.E.O. of
the publisher Simon do Schuster. who want-
ed to put up approximately $500.000. (Nei-
ther Epstein nor Snyder can now recall
the investment. Yet in the 1989 deposition
Epstein said that he had recruited Say-
der, whom he had met socially, into the
deal.)
According to a source. Toboroff and Ne-
deli:ander told Epstein that Snyder was too
lam but. without their realizing it. Hoffen-
telg has claimed. Snyder wrote a check to
Hoffenberg and bought out some of his in-
vestment. But then Snyder wanted out.
- Nederiander started to get these irate
calls from (Snyder.) who wasn't part of the
deal, saying he was owed all this money:
says someone dose to the deal. Tobotoff
are:
tire baffled.
"1.,ndetgit l,Osource close to Hoffenberg
s
;1}nberg paid Snyder off.
J
ust as Nederlander and Tobotoff were
growing wary of Epstein. he became in-
creasingly insolved with Leslie Warm whom
he had met through insurance executive
Robert Master and his late wife. Epstein has
told people that he met Warier in 1986 in
Palm Bach, and that he won his confidence
by persuading him not to invest in the stock
market, just as the 1987 crash was approach-
ing. His story has subsequently changed.
When asked if Wexner knew about his con-
nection to Hoffenberg, Epstein said that he
began working for Wexner in 1989, and that
"it was certainly not the same time?'
Wherever and whenever it was that Ep-
stein and Wormy actually met. there was
an immediate and strong personal <tern-
ary. Wexner says he thinks Epstein is "wry
smart with a combination of excellent judg-
ment and unusually high standards. Also.
he is always a most loyal friend."
OFFICE SPACE
The "office" in Epstein's house. tt :as no
computers. but it does have a desk that
Epstein tells people once belonged to banker
1. P. Morgan. and - the largest Perna rug
you'll ever see in a mate home."
Sources say Epstein Nosed that he could
be useful to Wexner as well, with "fresh"
ideas about inwstments. "%ants had a cost-
pk of bad investments, and Jeffrey cleaned
those up right away. says a boner assocs.•
owed him for furnishings removed by Glass.
ate of Epstein's.
In 1998 the US. Attorney's Office sued
Before he signed on with Wooer. Epstein
Epstein for illegally subletting the forma
had sclera' meetings with Harold Levin then
home of the deputy consul general of Iran
head of Wexner Investments, in which he
to attorney' Ivan Fisher and others. Ensci%
_
enunciated ideas about currencies :hat Levin
paid $15,000 a month in rent to the
found incomprehensible. "In fad;' says some-
Department, but he charged Fisher in`
one who used to waft very closely with Wee
his colleagues 570.000. mouth the
ner. "almost everyone at the Limited won-
terms of the agreement are sealed.
dead who Epstein was: he literally came
coact ruled against Epstein.
out of nowhere."
Werner offers some insight user hh '7% 4;
"Everyone was MPOOkaan to wh
IPs
combatiwt9telM94700fflY Pilt)et:
• •41:;i,
••,
SDNY_GM_00331377
All'arch of Epstein's work is related to clean
11'1 ing up, Mghtening budgets, and efficien-
cies. One person who worked kr Wexner and
who saw a contract drawn up between the
two men says Epstein is involved in "every-
thing, not just a little here, a little there.
Everything!' In addition, he says, "Werner
lilies having a hatchet man.. .. Whenever
there is dirty work to be done he'd stick Jef-
frey on it.... He has a reputation for being
ruthless but he gets the job done."
Epstein has evidently been asked to fire
personal-staff members when needed. "He
was that mysterious person that meryene was
scared to death of." says a former employee.
Meanwhile, he is also less than popular
with some people outside Warmer's company
with whom he now deals. "He 'inserted'
himself into the construction process of La.
lie Wanerk yacht. ... That resulted in liti-
gation down the road between Mr. Wexner
and the shipyard that
eventually built the yes-
kl." says Lars Forsberg.
a tawver whose firm at
the Fint. Dickerson and
Rs:.y. was hired to deal
with litigation stemming
from the construction
of Waner's Limidess—
at 315 feet. one of the
largest private yachts in
the "rand. Et idently. Ep-
stein stalled on paying
Dickerson and Reily for
its desk "Ws probably
once Jr twice in my le-
gal career that Ise had
to sue a client for payment
of services that he'd re-
quested and we'd per-
timed ... without issue
on the performance: says Forsberg. In
the end the matter was settled. but Ep-
stein claims he now has no recollection
of it.
The incident is ore of a number of disputes
Epstein has become embroiled in. Some are
for anus so tiny as to be baffling: for instance.
Epstein sued investment adviser Herbert
Clam, who sold hin the Palm Beach house in
1990. for 513,444—Epstein claimed this was
EFTA_00204 103
EFTA02729217
Jeffrey Epstein
he is winning. tabether in conversations or
negotie/kek he akeys stands baar and Iets
the orher person determine the styk and
manna of die eonvasaam or negotiation.
And thea he responds in their sak. Jeffrey
sea it in chivabeus tamis. He does not piek
a fight, but if diere isa flik, he twill Iet you
choose your soapos:'
One case is redier more serious. Currendy,
Citibank is sving Epstein for defaulting on
loens from ise pfivete-banking arm for 520
million: Epstein claims that Ciáhank
&ent induced" him into borrowing the
money kr investments. Citibank disputes this
charge.
Tbc legal papers fa eraan case offer a
are window into Epstein's finanes. In 1995,
Epstein stopped pains rent to his landlord,
ts nonprofit Munisipal Arts Society, for his
dB* in the Yillard House. He daimed that
ney west braking the terms of the lease by
ot lening his staff in at night. The case was
centually saded Howeven one of the papers
(led in this dispute is Epsteint firarsval state-
aent for 1988. in which he claimed to be
sones 520 million. He listed that he mened
57 million in securities. SI million in cash.
kro in residential property (although he
Wd zouten that he had already bougie the
lome in Palm Beach), and 511 million in
aber assets. ineluding his investment in
Rddell. A co-investor in Riddell sas: "The
company had been bought with a huge
anount of dek. and ir want public. to it
Yes meaninglas Eo :mach a fleurt like that to
the priee it tost was about 51.2 mil-
Iiin" The co-investors bought out Epstein's
share in Riddefi in 1995 for appnatimately
53 million. Ar kat time, when Epstein was
asked. as a routine matten to sige a paper
garanteeing be had acces: to a kw million
dollars in case of am' subsequent disputes
mes the sale prise. Wener signed for him.
Epstein has etplained that tau was because
the co-irwestors innted an inde-insla against
being sued by Wenkt One of the intresten
verb this "bullshit."
E
ilsteins appointment to the baard of
New York's Rockefeller University in
2000 brought him into &stater sosial promi-
nente. Boasting such social names as Nancy
Kissinger. Snak Astor, and Robert Bass.
the board 3150 includes such pre-eminent
scientists as Nobel laureete Joseph Gold-
stein. "Epstein was thtilled to be elected,"
sa» someone who knot» him.
After one term Epstein resigned. Accord-
ing to New York magazine, dik was because
he didn't like to waar a snit to meetings. A
..nkespetton to- the Rock/StIler board says
was "arrogant" and "not a good fit:' The
spokesperson adrnits that it is "infrequent"
for board members not to be renominated
after neb one term.
Stilt, the recent spare of publicity Ep-
stein hes inspired does not stem to have
rand him. In November he was sponed in
the front row of the Vietabis Secret fashion
show at New York's Laingron Avenue Ar-
mory; around the same time the usual co-
terie of friends and beatnik' women ware
whisked off to Link St. James (which he
tell: papte has been reneed Link Stiel!)
for a long weekend.
!banks to Epstein's introductions, sa»
Martin Nowalk the biolottist finds himself
staving trom Princeton to Hanard, where
he is astiming the joint position of profes-
sor of mathematics and professor of biolo-
gy. Epstein has pedged at kast 525 million
to Harvard to ereare the Epstein Program
for Mathemattc-al Daim' and Evolutionary
Dynamiek and Epstein will have an office
at the university. The program will be &dit
cated to searching tbr naturis algorithms, a
pursuit that is a specials). of Nowak's. For
Epstein this must be the stamras of eren-
thing he bas eerled toward: he hat been
seen prol* displaying Hanard president
Larry Sum eerst lener of commitment as
if he cad: gun believe ir is reel. He says he
was reluctan: to hem his name anached to
the program. bul Summen persuaded him.
He rang his mentor IYetner about it. and
Wang told han ir was all acht.
An insetiabk. restless mak ahvays on the
move. Epstein builds a tremendous amount
of downtime imo his hectic wak schedule.
Ter these is something almost programmed
about his retention: it's as if even plee-
sure has to be measured in terms of self-
improvement. Nowak sas Mat. when he
goes to stay with Epstein in the Caribbean.
they'll set up at siv and. as the sun rises.
have thme-hour comersations about thcoret-
teat physics. "Thea heil go oir and do ame
work. re-appear. and wet talk somt more.-
Another person who went to the island
wilt Epstein. Maxwell. and snaai beautiful
women rememben Chat the women "sas
around one night teasing hint about 'he
kinds of grasping nomen who might want
to date him. He was amused by the idea....
He's like a king in his own world.-
Many people commiesu theses somt-
tining innocent. almost childlikc about Jef-
tra Egacin. They sa this as refinhing given
the sophisticarion of his surruundings. Alan
Dershowitz says :Lu. as he was setting to
know Epstein. his w* asked him if he would
stilt be close to him if Epstein suctdenly tiled
for bankruptcy. Dershowitz sa» he replied.
"Absohnely. I would be as interested in him
as a (tiend if we had hamburgers on the
:itdd&bilscatie he had insufficient time
boardwalk in bag! MS4d and kind about
»
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Court UnsealedNov 19, 2025
HOUSE OVERSIGHT 016698-mailing
November 12, 2025 release of Jeffrey Epstein documents by the House Committee on Oversight and Government Reform. Microsoft Excel Spreadsheets converted to PDF. Originals in NATIVES/001 folder
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