DOJ-OGR-00032117.jpg
Extracted Text (OCR)
math teacher at the prestigious
Dalton School in Manhattan.
The story goes that the father of
one of Epstein’s students was so
impressed with the man that he put
him in touch with a senior partner at
Bear Stearns, the global investment
bank and securities firm.
In 1976, Epstein left Dalton for a
job at Bear Stearns. By the early
1980s, he had started J. Epstein and
Co. That is when he began making’
his millions in earnest.
Little is known or said about
Epstein’s business except this: He
manages money for the extremely
wealthy. He is said to handle
accounts only of $1 billion or great-
er.
It has been estimated he has
roughly 15 clients, but their identi-
ties are the subject of only specula-
tion. All except for one: Leslie Wex-
ner, founder of The Limited retail
chain and a former Palm Beacher
who is said to have been a mentor to
Epstein.
Wexner sold Epstein one of his
most lavish residences: a massive
townhouse that dominates a block
on Manhattan’s Upper East Side. It
is reported to:have, among its finer
features, closed-circuit’. television
and a heated sidewalk to melt away
fallen snow.
That townhouse, thought to be
the largest private residence in
Manhattan, is only a piece of the
extravagant world Epstein built over
time.
In New Mexico, he constructed a
27,000-square-foot hilltop mansion
ona 10,000-acre ranch outside Santa
Fe. Many believed it to be the largest
home inthe state.
In Palm Beach, he bought a
waterfront home on E! Brillo Way.
And he owns a 100-acre private
island in the Virgin Islands.
Perhaps as remarkable as his
lavish: homes is his extensive net-
work of friends and associates at the
highest echelons of power. This
includes not only socialites but also
business tycoons, media. moguls;
politicians, royalty and Nobel Prize-
winning scientists whose research
he often funds.
“Just like other people collect
art, he collects scientists,” said
Martin Nowak, who: directs the
Program for Evolutionary Dynamics
at Harvard University and was
reportedly the recipient of a $30
million research donation from
Epstein. :
Epstein is said to have
befriended former Harvard Presi-
dent Larry Summers, prominent law
Professor Alan. Dershowitz, Donald
Trump and New York Datiy News
Publisher Mort Zuckerman.
And yet he managed for decades
to maintain a low profile. He avoids
eating out and was rarely photo-
graphed.
07/26/17
Ghislaine Maxwell, a
fixture at elite parties
and. the intensely - -
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told police she tov
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“The odd thing is I never met
him,” said Dominick Dunne, the
famous chronicler. of the trials and
tribulations of the very rich. “I wasn’t
even aware of him,” except for a
Vanity Fair article.
Epstein’s friendship with Clinton
has attracted the most attention.
Epstein met Clinton as early as
1995, when he paid tens of. thou-
sands of dollars:to join him at an
intimate fund-raising dinner in Palm
Beach. But from all appearances,
they did not become close friends
until after Clinton left the Oval Office
and moved to New York.
Epstein has donated more than
$100,000 to Democratic candidates’
campaigns, including John Kerry’s.
presidential bid; the reelection
campaign of New Mexico: Gov. Bill
Richardson and the Senate bids of
Joe Lieberman, Hillary Rodham
Clinton, Christopher Dodd and
Charles Schumer.
Powerful friends and: enemies
A Vanity Fair profile found
cracks in the veneer of Epstein’s life
story. The 2003 article said he left
Bear Stearns in the wake of a-federal
probe and a possible Securities and
Exchange Commission violation. It
also pointed out that Citibank once
sued him for defaulting on a $20
million loan.
The article suggested that one of
his. business mentors and previous
employers. was Steven Hoffenberg,
now serving a prison term. after
Pcogt investors out of more than
$450 million. in one of the largest
Ponzi schemes in American histo-
: As he amassed his wealth, |
Epstein made enemies in disputes
both large and small. He sued the
man who in 1990 sold him his
multimillion-dollar' Palm Beach
home over a dispute Bnet less than
$16,000 in furnishings.
Page 78 of 151
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Public Records Request No.: 17-295
DOJ-OGR-00032117
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| Filename | DOJ-OGR-00032117.jpg |
| File Size | 1253.7 KB |
| OCR Confidence | 90.2% |
| Has Readable Text | Yes |
| Text Length | 5,225 characters |
| Indexed | 2026-02-03 22:04:23.831862 |