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1.85 MB
Extraction Summary
4
People
4
Organizations
0
Locations
2
Events
2
Relationships
4
Quotes
Document Information
Type:
Book excerpt / government exhibit
File Size:
1.85 MB
Summary
This document is a book excerpt (Chapter 23) detailing Jeffrey Epstein's 1981 resignation from Bear Stearns. It discusses his claim that he left due to offense taken at an internal investigation regarding a $20,000 loan to his friend Warren Eisenstein, which resulted in a $2,500 fine. The excerpt includes partial transcripts of testimony from April 1, 1981, where Epstein is questioned about rumors surrounding his departure and potential information leaks.
People (4)
| Name | Role | Context |
|---|---|---|
| Jeffrey Epstein | Subject / Junior Partner at Bear Stearns |
Resigned from Bear Stearns following an internal investigation and SEC scrutiny.
|
| Edgar Bronfman | Businessman |
Mentioned regarding an ill-fated attempt to take over St. Joe's.
|
| Warren Eisenstein | Friend of Epstein |
Recipient of a $20,000 loan from Epstein.
|
| Robert Blackburn | Unknown (Likely Legal/SEC) |
Mentioned in relation to testimony given on April 1, 1981.
|
Organizations (4)
| Name | Type | Context |
|---|---|---|
| Bear Stearns |
Epstein's employer from which he resigned.
|
|
| SEC |
Securities and Exchange Commission, investigating Bear Stearns and interviewing Epstein.
|
|
| St. Joe's |
Company involved in a takeover attempt by Edgar Bronfman.
|
|
| House Oversight Committee |
Source of the document (implied by footer HOUSE_OVERSIGHT_022067).
|
Timeline (2 events)
1981-04-01
Relationships (2)
Text refers to 'his friend Warren Eisenstein'.
Epstein resigned from Bear Stearns; was a junior partner.
Key Quotes (4)
"Epstein will always maintain that his resignation had nothing to do with the SEC's investigation into Bear Stearns"Source
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Quote #1
"Epstein says he was offended by the company's investigation of a twenty-thousand-dollar loan he'd made to his friend Warren Eisenstein."Source
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Quote #2
"In the end, Bear Stearns fined him $2,500—an embarrassing thing, to be sure."Source
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Quote #3
"Who'd give up a job as junior partner over that?"Source
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Quote #4
Full Extracted Text
Complete text extracted from the document (1,554 characters)
CHAPTER 23
Jeffrey Epstein: 1981
Epstein will always maintain that his resignation had nothing to do with the SEC's investigation into Bear Stearns and Edgar Bronfman's ill-fated attempt to take over St. Joe's.
But of course this raises the question: Why did Epstein resign from Bear Stearns?
In his testimony before the SEC, Epstein says he was offended by the company's investigation of a twenty-thousand-dollar loan he'd made to his friend Warren Eisenstein. Epstein didn't know it at the time, he maintains, but if used to buy stock, such a loan might have been unethical, if not illegal.
On top of that, questions about Epstein's expenses had come up.
In the end, Bear Stearns fined him $2,500—an embarrassing thing, to be sure. So much for making full partner anytime soon.
But $2,500 is not $250,000 or even $25,000. Who'd give up a job as junior partner over that?
98
But of course this raises the question: Why did Epstein resign from Bear Stearns?
In his testimony before the SEC, Epstein says he was offended by the company's investigation of a twenty-thousand-dollar loan he'd made to his friend Warren Eisenstein. Epstein didn't know it at the time, he maintains, but if used to buy stock, such a loan might have been unethical, if not illegal.
On top of that, questions about Epstein's expenses had come up.
In the end, Bear Stearns fined him $2,500—an embarrassing thing, to be sure. So much for making full partner anytime soon.
But $2,500 is not $250,000 or even $25,000. Who'd give up a job as junior partner over that?
98
[Right Page - Text is partially cut off at the right margin]
Another one of Epst
say, "Jeffrey Epstein left
to strike out on his own
some questions remain
given on April 1, 1981, [
and Robert Blackburn:
Another one of Epst
say, "Jeffrey Epstein left
to strike out on his own
some questions remain
given on April 1, 1981, [
and Robert Blackburn:
Q: Sir, are you aware th
lating around your f
leaving the firm?
A: I'm aware that there
Q: What rumors have y
A: Nothing to do with !
Q: Can you relate what
A: It was having to do w
lating around your f
leaving the firm?
A: I'm aware that there
Q: What rumors have y
A: Nothing to do with !
Q: Can you relate what
A: It was having to do w
As far as the investigat
tion; the first time a secr
no interest in Epstein's c
tion; the first time a secr
no interest in Epstein's c
Q: Mr. Epstein, did any
substance that you s
Minerals to the staf
mission? Has anyo
directly or indirectl
pensation for this p
you from Bear Stea
divulging informat
Commission?
A: No.
substance that you s
Minerals to the staf
mission? Has anyo
directly or indirectl
pensation for this p
you from Bear Stea
divulging informat
Commission?
A: No.
HOUSE_OVERSIGHT_022067
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