EFTA00731279Set 9
2006-10-0447p12,057w
further misconduct concerning unauthorized transfers between Funds and informed investors
of the improper interfund transfers, the early collection of management fees, and the use of
Managed Fund assets ... Gruss directed and approved numerous improper transfers of money between the
Managed Funds (the "Interfund Transfers").
139. The Interfund Transfers were not properly accounted for or documented as loans
between ... Funds, and prior to their discovery no interest was paid in connection with
the Interfund Transfers.
21
EFTA00731299
140. The Interfund Transfers had the effect of diminishing the returns
https://www.justice.gov/epstein/files/DataSet%209/EFTA00731279.pdf
EFTA00682306Set 9
2011-03-093p946w
Highbridge Managed Account and using it to make
investments for the Fund ("Interfund Transfers"). While these Interfund Transfers were
intended to be advances or loans, no formal documentation ... loans. At the time, Zwirn told me that he knew nothing about these Interfund Transfers
until Gruss's subordinates came forward after Gruss's departure.
9. In late October ... months after the purchase closed.
II. I have learned that Zwirn knew about the Interfund Transfers when they occurred.
[HOW? WE NEED HELP HERE.]
12. During November 2006, Jeffrey Epstein
https://www.justice.gov/epstein/files/DataSet%209/EFTA00682306.pdf
EFTA01104798Set 9
2004-10-0160p17,336w
Offshore Fund"), and the Highbridge Managed Account to meet its
demands. These so-called "Interfund Transfers" eventually amounted to hundreds of millions of
dollars in undocumented, no interest loans.
Just ... time, no one other than Gruss and his immediate
subordinates knew about the Interfund Transfers.
In September 2006, Zwim and the other members of management decided to fire Gruss.
Realizing ... financing) and to reveal that yet another,
more serious problem had been uncovered, the Interfund Transfers. The script fails to explain
that Zwim and his co-officers learned about
https://www.justice.gov/epstein/files/DataSet%209/EFTA01104798.pdf
EFTA01105263Set 9
2004-10-0160p17,309w
Offshore Fund"), and the Highbridge Managed Account to meet its
demands. These so-called "Interfund Transfers" eventually amounted to hundreds of millions of
dollars in undocumented, no interest loans.
Just ... time, no one other than Gruss and his immediate
subordinates knew about the Interfund Transfers.
In September 2006, Zwim and the other members of management decided to fire Gruss.
Realizing ... financing) and to reveal that yet another,
more serious problem had been uncovered, the Interfund Transfers. The script fails to explain
that Zwim and his co-officers learned about
https://www.justice.gov/epstein/files/DataSet%209/EFTA01105263.pdf
EFTA01851906Set 10
24p8,749w
Individually Managed Fund and have
completed the form.
❑ Other'
Please describe the gift (interfund transfer, credit card, personal
property, real estate, testamentary): Grantmaking
Each grant made from an advised fund
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01851906.pdf