DOJ-OGR-00032059.jpg
Extracted Text (OCR)
Jellrey Epstein
he is winning. Whether in conversations or
negotiations, he always stands back and lets
the other person determine the style and
manner of the conversation or negotiation.
And then he responds in their style. Jeffrey
sees it in chivalrous terms. He does not pick
a fight, but if there is a fight, he will let you
choose your weapon.”
One case is rather more serious. Currently,
Citibank is suing Epstein for defaulting on
loans from its private-banking arm for $20
million. Epstein claims that Citibank “fraud-
alently induced” him into borrowing the
money for investments. Citibank disputes this
charge.
The legal papers for another case offer a
tare window into Epstein’s finances. In 1995,
Epstein stopped paying rent to his landlord.
the nonprofit Municipal Arts Society, for his
office in the Villard House. He claimed that
they were breaking the terms of the lease by
tot Jetting his staff in at night. The case was
wentually settled. However, one of the papers
fled in this dispute is Epstein’s financial state-
nent for 1988. in which he claimed to be
worth $20 million. He listed that he owned
$7 million in securities, $1 million in cash,
zero in residential property (although he
told sources that he had already bought the
home in Palm Beach), and $11 million in
other assets. including his investment in
Riddell. A co-investor in Riddell says: “The
company had been bought with a huge
amount of debt. and it wasn’t public. so it
Was meaningless to attach a figure like that to
it.., the price it cost was about $1.2 mil-
lien.” The co-investors bought out Epstein’s
share in Riddell in 1995 for approximately
$3 million. At that ume, when Epstein was
asked, as a routine matter. to sign a paper
guaranteeing he had access to a few million
dollars in case of anv subsequent disputes
over the sale price. Wexner signed for him.
Epstein has explained that this was because
the co-investors wanted an indemnity against
being sued by Wexner. One of the investors
calls this “bullshit.”
pstein’s appointment to the board of
New York’s Rockefeller University in
2000 brought him into greater social promi-
nence. Boasting such social names as Nancy
Kissinger, Brooke Astor, and Robert Bass,
the board also includes such pre-eminent
scientists as Nobel laureate Joseph Gold-
stein. “Epstein was thrilled to be elected,”
says someone who knows him.
After one term Epstein resigned. Accord-
ing to New York magazine, this was because
he didn’t like to wear a suit to meetings. A
okesperson te- the Rockefeller board says
ye 1 because he had insufficient time
oar member recalls that he
O7/261 7am 2
gac is
was “arrogant” and “not a good fit.” The
spokesperson admits that it is “infrequent”
for board members not to be renominated
after only one term.
Still, the recent spate of publicity Ep-
stein has inspired does not seem to have
fazed him. In November he was spotted in
the front row of the Victoria's Secret fashion
show at New York’s Lexington Avenue Ar-
mory; around the same time the usual co-
terie of friends and beautiful women were
whisked off to Little St. James (which he
tells people has been renamed Little St. Jeff)
for a long weekend.
Thanks to Epstein’s introductions, says
Martin Nowak. the biologist finds himself
moving from Princeton to Harvard. where
he is assuming the joint position of profes-
sor of mathematics and professor of biolo-
gy. Epstein has pledged at least $25 million
to Harvard to create the Epstein Program
for Mathematical Biology and Evolutionary
Dynamics, and Epstein will have an office
at the university. The program will be dedi-
cated to searching tor nature's algorithms. a
pursuit that is a specialty of Nowak’s. For
Epstein this mus: be the summit of every-
thing he has worked toward: he has been
seen proudly dispiaying Harvard president
Larry Summers's letter of commitment as
if he can’t quite believe it is real. He says he
was reluctant to have his name attached to
the program. but Summers persuaded him.
He rang his mentor Wexner about it. and
Wexner told him it was all nght.
An insatiable. restless soul. always on the
move. Epstein builds a tremendous amount
of downtime into his hectic work schedule.
Yet there is something almost programmed
about his relaxation: it’s as if even plea-
_ sure has to be measured in terms of self-
improvement. Nowak says that. when he
goes to stay with Epstein in the Caribbean.
theyll get up at six and. as the sun rises.
have three-hour conversations about theoret-
ical physics. “Then he'll go otf and do some
work, re-appear. and we'll talk some more.”
Another person who went to the island
with Epstein. Maxwell. and several beautiful
women remembers that the women “sat
around one night teasing him about the
kinds of grasping women who might want
to date him. He was amused by the idea... .
He’s like a king in his own world.”
Many people comment there is some-
thing innocent. almost childlike about Jef-
frey Epstein. They see this as refreshing, given
the sophistication of his surroundings. Alan
Dershowitz says that, as he was getting to
know Epstein. his wife asked him if he would
still be close to him if Epstein suddenly filed
for bankruptcy. Dershowitz says he replied,
“Absolutely. | would be as interested in him
as a friend if we had hamburgers on the
boardwalk in Coney Island and talked about
his idpage 20 of 151
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Public Records Request No.: 17-295
DOJ-OGR-00032059
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| Filename | DOJ-OGR-00032059.jpg |
| File Size | 1295.5 KB |
| OCR Confidence | 90.8% |
| Has Readable Text | Yes |
| Text Length | 7,695 characters |
| Indexed | 2026-02-03 22:03:11.813747 |