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1.5 MB
Extraction Summary
4
People
5
Organizations
0
Locations
2
Events
3
Relationships
3
Quotes
Document Information
Type:
Court filing / vanity fair article excerpt
File Size:
1.5 MB
Summary
This document is a court filing containing an excerpt from a 2003 Vanity Fair article. It features a transcript of Jeffrey Epstein being questioned about potential insider trading regarding St. Joe Minerals Corporation and his relationship with Mr. Cayne while employed at Bear Stearns. The text notes that despite leaving the firm and paying a $2,500 fine, Epstein still anticipated a $100,000 bonus from Bear Stearns, and mentions his subsequent connection to Steven Hoffenberg.
People (4)
| Name | Role | Context |
|---|---|---|
| Jeffrey Epstein | Subject of questioning |
Being questioned about insider trading and his time at Bear Stearns.
|
| Mr. Cayne | Bear Stearns Executive/Colleague |
Subject of questions regarding potential insider information on St. Joe Minerals.
|
| Mr. Theram | Business Associate (Potential) |
Epstein was asked if he had business participations with him.
|
| Hoffenberg | Associate |
Mentioned as the person Epstein met when his luck changed after leaving Bear Stearns.
|
Organizations (5)
| Name | Type | Context |
|---|---|---|
| Bear Stearns |
Investment bank where Epstein and Mr. Cayne worked.
|
|
| St. Joe Minerals Corporation |
Company subject to insider trading inquiries.
|
|
| Securities and Exchange Commission (S.E.C.) |
Regulatory body investigating insider trading.
|
|
| Vanity Fair |
Publisher of the article referenced in the URL.
|
|
| House Oversight Committee |
Footer stamp indicates this document is part of their records.
|
Timeline (2 events)
Relationships (3)
Questioning regarding business dealings and conversations at Bear Stearns.
Text states Epstein's luck didn't change until he met Hoffenberg.
Discussion of his time at the firm, leaving, and bonus payment.
Key Quotes (3)
"A: There’s no relationship with Bear Stearns."Source
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Quote #1
"The S.E.C. never brought any charges against anyone at Bear Stearns for insider trading in St. Joe, but its questioning seems to indicate that it was skeptical of Epstein’s answers."Source
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Quote #2
"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."Source
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Quote #3
Full Extracted Text
Complete text extracted from the document (2,062 characters)
Case 1:19-cv-03377 Document 1-8 Filed 04/16/19 Page 10 of 16
http://www.vanityfair.com/news/2003/03/jeffrey-epstein-200303
http://www.vanityfair.com/news/2003/03/jeffrey-epstein-200303
Q: Did you ever hear while you were at Bear Stearns that Mr. Cayne may have trader or insider information in connection with St. Joe Minerals Corporation?
Q: Did Mr. Cayne ever have any conversation with you about St. Joe Minerals?
Q: Did you happen to overhear any conversations between Mr. Cayne and anyone else regarding St. Joe Minerals?
And still later in the questioning comes this exchange:
Q: Have you had any type of business dealings with Mr. Cayne?
A: There’s no relationship with Bear Stearns.
Q: Pardon?
A: Other than Bear Stearns, no.
Q: Have you been a participant in any type of business venture with Mr. Cayne?
Q: Do you have any expectation of participating in any business venture with Mr. Cayne?
Q: Have you had any business participations with Mr. Theram?
A: No; nor do I anticipate any.
Q: Mr. Epstein, did anyone at Bear Stearns tell you in words or substance that you should not divulge anything about St. Joe Minerals to the staff of the Securities and Exchange Commission?
Q: Has anyone indicated to you in any way, either directly or indirectly, in words or substance, that your compensation for this past year or any future monies coming to you from Bear Stearns will be contingent upon your not divulging information to the Securities and Exchange Commission?
A: No.
Despite the circumstances of Epstein’s leaving, Bear Stearns agreed to pay him his annual bonus—which he anticipated as being approximately $100,000.
The S.E.C. never brought any charges against anyone at Bear Stearns for insider trading in St. Joe, but its questioning seems to 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 left the firm were not obviously prosperous ones. His luck didn’t seem to change until he met Hoffenberg.
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