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2.17 MB
Extraction Summary
9
People
6
Organizations
1
Locations
3
Events
3
Relationships
5
Quotes
Document Information
Type:
Court exhibit (article printout)
File Size:
2.17 MB
Summary
This document is a printout of a Vanity Fair article submitted as a court exhibit (filed April 2019). It details Jeffrey Epstein's business maneuverings in the late 1980s, specifically a chaotic takeover attempt of Pennwalt involving partners Nederlander and Toboroff, and a secret loan from Steve Hoffenberg. The text also chronicles Epstein's introduction to retail mogul Leslie Wexner in the mid-1980s, noting that while Wexner praised Epstein's loyalty and intellect, many of Wexner's associates at The Limited were mystified by Epstein's sudden rise and influence.
People (9)
| Name | Role | Context |
|---|---|---|
| Jeffrey Epstein | Subject |
Financial dealings, depositions, and relationship with Leslie Wexner.
|
| Steve Hoffenberg | Financier/Associate |
Claimed to loan Epstein money; involved in paying off Snyder.
|
| Nederlander | Investor/Partner |
Worked with Toboroff and Epstein; alarmed by Epstein's actions regarding Pennwalt.
|
| Toboroff | Investor/Partner |
Worked with Nederlander; told by Epstein there were 'reasons' he couldn't depose.
|
| Dick Snyder | CEO of Simon & Schuster |
Recruited by Epstein as an investor; demanded money back.
|
| Leslie Wexner | Business Mogul |
Became involved with Epstein; praised Epstein's intelligence and loyalty.
|
| Robert Meister | Insurance Executive |
Introduced Epstein to Wexner.
|
| Harold Levin | Head of Wexner Investments |
Found Epstein's ideas about currencies incomprehensible.
|
| Robert Morosky | Former Vice-Chairman of The Limited |
Mystified by Epstein's appeal.
|
Organizations (6)
| Name | Type | Context |
|---|---|---|
| Pennwalt |
Company targeted for takeover by Epstein's group.
|
|
| Simon & Schuster |
Publishing company where Dick Snyder was CEO.
|
|
| Wexner Investments |
Investment firm headed by Harold Levin.
|
|
| The Limited |
Company associated with Wexner and Morosky.
|
|
| Vanity Fair |
Publisher of the article text.
|
|
| House Oversight Committee |
Body associated with the document footer.
|
Timeline (3 events)
1986
1987
Stock Market Crash (referenced as context for Epstein advising Wexner).
Unknown
Locations (1)
| Location | Context |
|---|---|
|
Location where Epstein claimed he met Wexner in 1986.
|
Relationships (3)
Described as having immediate strong personal chemistry; Wexner called him a loyal friend.
Hoffenberg claimed he loaned Epstein money for investments; they were involved in the Snyder payout.
Meister introduced Epstein to Wexner.
Key Quotes (5)
"Epstein was reluctant initially to give a deposition about his share of the money, telling Toboroff there were “reasons” he didn’t want to."Source
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Quote #1
"“Nederlander started to get these irate calls from [Snyder,] who wasn’t part of the deal, saying he was owed all this money,”"Source
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Quote #2
"Wexner says he thinks Epstein is “very smart with a combination of excellent judgment and unusually high standards. Also, he is always a most loyal friend.”"Source
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Quote #3
"“In fact,” says someone who used to work very closely with Wexner, “almost everyone at the Limited wondered who Epstein was; he literally came out of nowhere.”"Source
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Quote #4
"“Everyone was mystified as to what his appeal was,” says Robert Morosky"Source
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Quote #5
Full Extracted Text
Complete text extracted from the document (3,142 characters)
Case 1:19-cv-03377 Document 1-8 Filed 04/16/19 Page 13 of 16
http://www.vanityfair.com/news/2003/03/jeffrey-epstein-200303
http://www.vanityfair.com/news/2003/03/jeffrey-epstein-200303
1989 deposition he said that he put in only $300,000 of his own money. Where did the rest come
from? Hoffenberg has said it came from him, in a loan that Nederlander and Toboroff didn’t
know about.
from? Hoffenberg 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. After the group signaled a
possible takeover, the Pennwalt management threatened to sue the would-be raiders. Epstein was
reluctant initially 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, co-
investors recall Epstein announcing that he’d found one at last: Dick Snyder, then C.E.O. of the
publisher Simon & Schuster, who wanted to put up approximately $500,000. (Neither Epstein
nor Snyder can now recall the investment. Yet in the 1989 deposition Epstein said that he had
recruited Snyder, whom he had met socially, into the deal.)
possible takeover, the Pennwalt management threatened to sue the would-be raiders. Epstein was
reluctant initially 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, co-
investors recall Epstein announcing that he’d found one at last: Dick Snyder, then C.E.O. of the
publisher Simon & Schuster, who wanted to put up approximately $500,000. (Neither Epstein
nor Snyder can now recall the investment. Yet in the 1989 deposition Epstein said that he had
recruited Snyder, whom he had met socially, into the deal.)
According to a source, Toboroff and Nederlander told Epstein that Snyder was too late, but,
without their realizing it, Hoffenberg has claimed, Snyder wrote a check to Hoffenberg and
bought out some of his investment. But then Snyder wanted out.
without their realizing it, Hoffenberg has claimed, Snyder wrote a check to Hoffenberg and
bought out some of his investment. But then Snyder wanted out.
“Nederlander started to get these irate calls from [Snyder,] who wasn’t part of the deal, saying he
was owed all this money,” says someone close to the deal. Toboroff and Nederlander were
baffled.
was owed all this money,” says someone close to the deal. Toboroff and Nederlander were
baffled.
Eventually, a source close to Hoffenberg says, Hoffenberg paid Snyder off.
Just as Nederlander and Toboroff were growing wary of Epstein, he became increasingly
involved with Leslie Wexner, whom he had met through insurance executive Robert Meister and
his late wife. Epstein has told people that he met Wexner in 1986 in Palm Beach, and that he
won his confidence by persuading him not to invest in the stock market, just as the 1987 crash
was approaching. His story has subsequently changed. When asked if Wexner knew about his
connection to Hoffenberg, Epstein said that he began working for Wexner in 1989, and that “it
was certainly not the same time.”
involved with Leslie Wexner, whom he had met through insurance executive Robert Meister and
his late wife. Epstein has told people that he met Wexner in 1986 in Palm Beach, and that he
won his confidence by persuading him not to invest in the stock market, just as the 1987 crash
was approaching. His story has subsequently changed. When asked if Wexner knew about his
connection 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 Epstein and Wexner actually met, there was an immediate
and strong personal chemistry. Wexner says he thinks Epstein is “very smart with a combination
of excellent judgment and unusually high standards. Also, he is always a most loyal friend.”
and strong personal chemistry. Wexner says he thinks Epstein is “very smart with a combination
of excellent judgment and unusually high standards. Also, he is always a most loyal friend.”
Sources say Epstein proved that he could be useful to Wexner as well, with “fresh” ideas about
investments. “Wexner had a couple of bad investments, and Jeffrey cleaned those up right
away,” says a former associate of Epstein’s.
investments. “Wexner had a couple of bad investments, and Jeffrey cleaned those up right
away,” says a former associate of Epstein’s.
Before he signed on with Wexner, Epstein had several meetings with Harold Levin, then head of
Wexner Investments, in which he enunciated ideas about currencies that Levin found
incomprehensible. “In fact,” says someone who used to work very closely with Wexner, “almost
everyone at the Limited wondered who Epstein was; he literally came out of nowhere.”
Wexner Investments, in which he enunciated ideas about currencies that Levin found
incomprehensible. “In fact,” says someone who used to work very closely with Wexner, “almost
everyone at the Limited wondered who Epstein was; he literally came out of nowhere.”
“Everyone was mystified as to what his appeal was,” says Robert Morosky, a former vice-
chairman of the Limited.
chairman of the Limited.
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