EFTA00287287Set 9
2016-12-175p2,365w
advantage. As many of you know, I made a
sizable personal investment in IDT (the parent company of IDWM) prior to starting the fund that
earned me a 15x return ... which when paired with the great
recession allowed us to come in to IDT at an amazing level, he has always come back and
found a way to nurture, grow ... spinoffs but have also included outright sales.
In studying Howard's / IDT's various monetizations we stumbled across a transaction that took
place in late '06. While the transaction
https://www.justice.gov/epstein/files/DataSet%209/EFTA00287287.pdf
EFTA00605975Set 9
2016-02-175p2,372w
advantage. As many of you know, I made a
sizable personal investment in IDT (the parent company of IDWM) prior to starting the fund that
earned me a 15x return ... which when paired with the great
recession allowed us to come in to IDT at an amazing level, he has always come back and
found a way to nurture, grow ... spinoffs but have also included outright sales.
In studying Howard's / IDT's various monetizations we stumbled across a transaction that took
place in late '06. While the transaction
https://www.justice.gov/epstein/files/DataSet%209/EFTA00605975.pdf
EFTA00287273Set 9
2015-04-206p2,716w
remember
that I made a titanic sized bet with my own personal portfolio in IDT Corporation (IDT) towards
the end of 2009. At the time, IDT was trading for roughly ... serviced at different tourist destinations. As an adult
Howard quickly built his new company, IDT, into a large media/telecommunications business
with successful sales of assets he built from scratch ... incredibly adverse results for the
Company. The 2008 financial crisis came and with IDT's venture financed mounting losses and
investor impatience, the shares declined almost 95 percent. With
https://www.justice.gov/epstein/files/DataSet%209/EFTA00287273.pdf
EFTA00605924Set 9
2015-04-206p2,721w
remember
that I made a titanic sized bet with my own personal portfolio in IDT Corporation (IDT) towards
the end of 2009. At the time, IDT was trading for roughly ... serviced at different tourist destinations. As an adult
Howard quickly built his new company, IDT, into a large media/telecommunications business
with successful sales of assets he built from scratch ... incredibly adverse results for the
Company. The 2008 financial crisis came and with IDT's venture financed mounting losses and
investor impatience, the shares declined almost 95 percent. With
https://www.justice.gov/epstein/files/DataSet%209/EFTA00605924.pdf
EFTA02151967Set 10
2012-12-177p1,491w
HURN, LEG, MGI, MWIV, PAG, PLT,
PX, SIRI
Shareholder Meetings: RDCM, ACPW, BGCP, IDT, CNH, PWAV
EFTA_R1_00815599
EFTA02151969
Equity/Mixed Shen: UVE ($100M), ANAC ($57M), SOFO, liDSN
https://www.justice.gov/epstein/files/DataSet%2010/EFTA02151967.pdf