EFTA00584137.pdf

E mail to jim condren regards our conversation To be used for settlement purposes only. 1. Epstein has had virtually no experience in debt securities. This is verifiable by his trading accounts. Absolutely none. 2. Warren spector unsolicited called and sold the investment to Epstein. He said that he was putting his own money in the fund. It was all A or better rated paper, with low risk. 3. Epstein confirmed with Jimmy Cayne the above facts. Jimmy told him that Warren is super cheap and will be not only watching the risk for the firm , but as his own money was in it , he would watch it like a hawk 4. Warren, called an dsolicited a transfer into enhanced leverage. Once again reiterating his own investment 5. When the fund was down 10 % . I called and said I wanted out. Warren said there were only bad marks, and in fact he was going to put in more of his own money. 6. When I asked after the collapse , how was this possible, I was told that Warren did put in an additional 25 million dollars , but ut was not his , but the firms, and he did this without approval. 7. I have never re-negged on a trade in over thirty years. I have never claimed against a bad trade in thirty years. This can be confirmed with Ace Greenburg. EFTA00584137