Book excerpt on Jeffrey Epstein's 1981 resignation from Bear Stearns

Jeffrey Epstein: 1981 CHAPTER 23 Another one of Epst say, “Jeffrey Epstein left to strike out on his own some questions remain given on April 1, 1981, 1 and Robert Blackburn: Q: Sir, are you aware th lating around your f leaving the firm? A: I’m aware that there Q: What rumors have y A: Nothing to do with ! Q: Can you relate what A: It was having to do s Epstein will always maintain that his resignation had nothing to do with the SEC’s investigation into Bear Stearns and Edgar Bronfman’s ill-fated attempt to take over St. Joe’s. But of course this raises the question: Why did Epstein resign from Bear Stearns? In his testimony before the SEC, Epstein says he was offended by the company’s investigation of a twenty-thousand-dollar loan he’d made to his friend Warren Eisenstein. Epstein didn’t know it at the time, he maintains, but if used to buy stock, such a loan might have been unethical, if not illegal. On top of that, questions about Epstein’s expenses had come up. In the end, Bear Stearns fined him $2,500-an embarrassing thing, to be sure. So much for making full partner anytime soon. But $2,500 is not $250,000 or even $25,000. Who’d give up a job as junior partner over that? As far as the investigat tion; the first time a sec no interest in Epstein’s ( Q: Mr. Epstein, did any substance that you s Minerals to the stal mission? Has anyo directly or indirectly pensation for this p you from Bear Stea divulging informat Commission? A: No. 98 HOUSE_OVERSIGHT_009249¶