Latest / The Epstein Chronicles / Jeffrey Epstein And The Transcript From His 1981 SEC Deposition (Part 3) (7/26/26)

Transcript

Jeffrey Epstein And The Transcript From His 1981 SEC Deposition (Part 3) (7/26/26) · The Epstein Chronicles

• 0:00
  Speaker 1: What's up, everyone, and welcome to another episode of the
• 0:03
  Speaker 1: Epstein Chronicles. In this episode, we're going to dive right
• 0:06
  Speaker 1: back in to the sec deposition with Jeffrey Epstein from
• 0:11
  Speaker 1: nineteen eighty one. Question when was the next time you
• 0:14
  Speaker 1: provided anything to anyone at bear Stearn's that you understood
• 0:18
  Speaker 1: was either intended by you to go to the Executive
• 0:21
  Speaker 1: Committee or did in fact go to the Executive Committee?
• 0:25
  Speaker 1: Answer on March twenty fifth, I handed in the two
• 0:28
  Speaker 1: page document. Question did you actually prepare this March twelfth,
• 0:32
  Speaker 1: nineteen eighty one letter the letter of your resignation? Answer? Yes,
• 0:36
  Speaker 1: Question you gave this to redacted? Is that correct? On
• 0:40
  Speaker 1: March twelfth? Answer? I handed the two page thing too.
• 0:43
  Speaker 1: I'm trying to remember who I gave it to on
• 0:45
  Speaker 1: March twelfth. Yes, I did. Question that's your best recollection?
• 0:50
  Speaker 1: Answer yes. Question Did he ask you where the accompanying
• 0:53
  Speaker 1: statement was? Answer? Yes. Question what did you say? Answer?
• 0:58
  Speaker 1: I said I would have it to him as soon
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  Speaker 1: as possible, as soon as it's finished. Question The two
• 1:02
  Speaker 1: page document dated March twenty fifth, nineteen eighty one, Division
• 1:06
  Speaker 1: Exhibit II, the one that's addressed to the Executive Committee
• 1:10
  Speaker 1: was this letter prepared in consultation with anyone else? Answer
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  Speaker 1: no question, did anyone else? Was anyone else whare that
• 1:19
  Speaker 1: you were preparing this letter? Answer anyone else being question
• 1:23
  Speaker 1: at bear Stearns. Mister Lehman jumps in, you mean other
• 1:27
  Speaker 1: than redacted? Well, did anyone at bear Stearns know that
• 1:29
  Speaker 1: you were preparing this two page document? Epstein? As far
• 1:33
  Speaker 1: as I know, I told the Executive Committee when I
• 1:35
  Speaker 1: handed in this document on March twelfth, that I would
• 1:38
  Speaker 1: in fact have a resignation to accompany that for the
• 1:41
  Speaker 1: letter for the record question, and that was redacted? Did
• 1:44
  Speaker 1: you discuss that with anyone else at bar Stearns? Answer
• 1:48
  Speaker 1: no question. You said you had some discussions with redacted
• 1:53
  Speaker 1: since the time you submitted your resignation on March twelfth
• 1:56
  Speaker 1: of nineteen eighty one. Is that correct answer? That's correct question.
• 2:00
  Speaker 1: When were these conversations held and where? Answer? Immediately after
• 2:04
  Speaker 1: surrendering my resignation on March twelfth, I was just redacted,
• 2:08
  Speaker 1: and I made it clear that I in fact had
• 2:11
  Speaker 1: handed in my resignation and would be clearing out my
• 2:13
  Speaker 1: office and trying to make a transition as best as
• 2:17
  Speaker 1: possible for the firm and myself. Question this is redacted?
• 2:21
  Speaker 1: Answer yes. Question was redacted aware that you had intended
• 2:25
  Speaker 1: to resign or did you consult them before you actually
• 2:28
  Speaker 1: submitted your letter of resignation? Answer? Did I consult with
• 2:32
  Speaker 1: them before? Question yes? Answer, I believe he was aware
• 2:35
  Speaker 1: of what was going on in the Executive Committee and
• 2:38
  Speaker 1: the way the matter here was being handled. Question what's
• 2:42
  Speaker 1: the basis for your belief? Answer He's a member of
• 2:45
  Speaker 1: the Executive Committee and it's my understanding that the Executive
• 2:48
  Speaker 1: Committee was looking into it. Question prior to submitting the
• 2:51
  Speaker 1: letter on March twelfth, did you have any conversation with
• 2:55
  Speaker 1: anyone at bear Stearn's Recording resigning from the firm? Answer
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  Speaker 1: no question. Did redacted ever have any occasion from March
• 3:02
  Speaker 1: ninth to the present to discuss Saint Joe's minerals? Answer
• 3:06
  Speaker 1: no question. Did you ever discuss Saint Joe Minerals with
• 3:10
  Speaker 1: redacted since March ninth? Answer no. Question. So you've had
• 3:14
  Speaker 1: some conversations with redacted? When was the most recent? Answer
• 3:18
  Speaker 1: that was on March twelfth, I believe. Question what was
• 3:21
  Speaker 1: the nature of that conversation? Answer just saying explaining that
• 3:25
  Speaker 1: I was in fact very dissatisfied with the way this
• 3:28
  Speaker 1: whole thing was handled, and that I was going to resign,
• 3:30
  Speaker 1: and I had, in fact just handed the resignation to redacted.
• 3:35
  Speaker 1: Question you had no conversations with redacted about Saint Joe Minerals.
• 3:39
  Speaker 1: Answer absolutely not. Question sir, are you aware that certain
• 3:43
  Speaker 1: rumors may have been circulating around your firm in connection
• 3:46
  Speaker 1: with your reasons for leaving the firm? Answer? I'm aware
• 3:49
  Speaker 1: that there were many rumors. Question what were the rumors
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  Speaker 1: that you heard? Answer? Nothing to do with Saint Joe.
• 3:57
  Speaker 1: Question can you relate what you heard? Answer? It was
• 4:00
  Speaker 1: having to do with an elicit affair with the secretary.
• 4:03
  Speaker 1: Question have you heard any other rumors suggesting that you
• 4:06
  Speaker 1: had made a presentation or a communication to the Executive
• 4:09
  Speaker 1: Committee concerning alleged improprieties by other members or employees of
• 4:14
  Speaker 1: Bear Stearns. Answer, I in fact have heard that rumor,
• 4:18
  Speaker 1: but it's been from redacted in our conversation last week.
• 4:21
  Speaker 1: Question have you heard it from anyone else? Answer? No.
• 4:24
  Speaker 1: Question are you aware of the same rumor with respect
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  Speaker 1: to any discussion with the Executive committee about improprieties by
• 4:31
  Speaker 1: Baris Sterns employees may have been circulating about anyone else
• 4:35
  Speaker 1: in the firm? Answer no, I am not. Question do
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  Speaker 1: you know an individual name redacted? Answer no question if
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  Speaker 1: he's a rep at bear Stearns redacted? No, I don't
• 4:44
  Speaker 1: think question, mister Layman, I think there is or was
• 4:47
  Speaker 1: a rep name redacted? Yes, redacted. I believe it was.
• 4:51
  Speaker 1: Question you don't know the individual? Answer no. Question did
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  Speaker 1: it ever come to your attention while you were still
• 4:57
  Speaker 1: in the employee of bear Stearns that certain reps at
• 4:59
  Speaker 1: the firm during the week of March ninth were buying
• 5:02
  Speaker 1: option as a stock in Saint Joe's Mineral Corporation. Answer
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  Speaker 1: at the time, no question. Did you subsequently come to
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  Speaker 1: learn that? Answer? Yes, question through what source? Answer through?
• 5:12
  Speaker 1: I believe you mentioned it when you called me and
• 5:15
  Speaker 1: you had asked me about redacted. Question is at the
• 5:18
  Speaker 1: first time you'd heard such a statement? Answer that's correct.
• 5:21
  Speaker 1: Question it never came to your attention while you were
• 5:24
  Speaker 1: at the firm itself that redacted was trading in security
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  Speaker 1: to the Saint Joe Answer no question. Where did you have
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  Speaker 1: your desk? Answer? Excuse me? Answer where did you have
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  Speaker 1: your desk? Where did you sit at bars Stearns before
• 5:37
  Speaker 1: you left? Answer in a windowed office on the north
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  Speaker 1: side of the building. Question in relation to Redacted's offices,
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  Speaker 1: answer on the opposite side of the building. Question on
• 5:47
  Speaker 1: the opposite side, answer yeah, they face south, I face north.
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  Speaker 1: Question and did Redacted have any type of supervisory relationship
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  Speaker 1: to you? Answer no, absolutely not. Question your immediate supervisor
• 6:00
  Speaker 1: was redacted? Answer yes, sir. Question did you ever hear
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  Speaker 1: while you were at bear Stearns that Redacted may have
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  Speaker 1: trader or inside information in connection with Saint Joe's Mineral Corporation?
• 6:11
  Speaker 1: Answer no question. Did or Redacted ever have conversations with
• 6:14
  Speaker 1: you about Saint Joe's Minerals? Answer no question. Did you
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  Speaker 1: happen to overhear any conversation between redacted and anyone else
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  Speaker 1: regarding Saint joe Minerals? Answer no question. Do you know
• 6:25
  Speaker 1: someone name redacted? Answer no question. Do you keep a
• 6:29
  Speaker 1: weekend home or a summer home any place? Answer no question.
• 6:33
  Speaker 1: Did you ever occasion to be at four hundred South
• 6:36
  Speaker 1: Ocean Boulevard in pom Beach, Florida? Do you know anyone
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  Speaker 1: who resides at that address? Answer? I in fact looked
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  Speaker 1: at an apartment there. Question sorry, answer, I in fact
• 6:46
  Speaker 1: looked at an apartment there about two months ago. Question
• 6:48
  Speaker 1: why did you look there? Answer was advertised in the
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  Speaker 1: Palm Beach Paper. Question do you know anyone who lives
• 6:54
  Speaker 1: in Palm Beach? Answer? I know many people who live
• 6:57
  Speaker 1: in pom Beach. Question who do you know that lives
• 6:59
  Speaker 1: in pom Beach? Answer redacted? Question can you give us
• 7:03
  Speaker 1: the place of employment of these individuals if you know?
• 7:06
  Speaker 1: Answer New York Law Journal. Mostly girls, and I can't
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  Speaker 1: tell you where? Sorry, redacted? Why don't you just give
• 7:13
  Speaker 1: us the names redacted or redacted and the others are
• 7:15
  Speaker 1: just first names? Question do you have relatives living in Florida?
• 7:20
  Speaker 1: Answer somewhere? Question not in pom Beach? Answer no. Question
• 7:24
  Speaker 1: what are the names of your relatives that live in Florida?
• 7:26
  Speaker 1: Answer I don't even know. It's relatives on my mom's
• 7:29
  Speaker 1: side that I don't even see or speak to. Question
• 7:32
  Speaker 1: what's your mother's maiden name? Answer redacted? Question do you
• 7:36
  Speaker 1: know any of the names of any of your relatives? Answer?
• 7:40
  Speaker 1: I just don't recollect at the moment, but I'm sure
• 7:42
  Speaker 1: I do. Question you said that there was an ad
• 7:45
  Speaker 1: that you saw approximately two months ago in the paper
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  Speaker 1: with respect to the apartment in pom Beach. Answer right.
• 7:51
  Speaker 1: Question where did you see the ad? Answer it was
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  Speaker 1: in the pom Beach paper. Question what were the circumstances
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  Speaker 1: aske to why you were looking in pom Beach? Answer
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  Speaker 1: only because I enjoy Palm Beach. Question do you go
• 8:03
  Speaker 1: there fairly regularly? Answer yes, sir. Question how often would
• 8:07
  Speaker 1: you say you go there in a month? Answer once
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  Speaker 1: a month? Question once a month. In connection with any
• 8:13
  Speaker 1: of your visits to Palm Beach, did you discuss with
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  Speaker 1: anyone on the topic of Saint Joe or stock issued
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  Speaker 1: by Saint Joe or options in Saint Joe's mineral Answer
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  Speaker 1: absolutely not. Question do you know anyone at barri Stearns
• 8:25
  Speaker 1: who maintains an account in a Swiss bank, either a
• 8:28
  Speaker 1: trading account or a bank account. Answer no. Question. It
• 8:32
  Speaker 1: never came to your attention that any of the partners
• 8:35
  Speaker 1: or traders there may have maintained accounts in Swiss banks.
• 8:38
  Speaker 1: Answer no. Question When you went to this apartment in
• 8:42
  Speaker 1: Palm Beach did you go by yourself? Answer I was
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  Speaker 1: with a real estate agent. Question and what was the
• 8:47
  Speaker 1: name of the real estate agent? Answer I don't remember.
• 8:51
  Speaker 1: Question did you look at the apartment? Answer? Yes. Question
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  Speaker 1: did you look at several apartments? Answer no, question only
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  Speaker 1: one answer yes. Question was it occupy? Answer no, it
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  Speaker 1: was empty. Question was it a rental or was it
• 9:04
  Speaker 1: a purchase situation? Answer it was a purchase situation. It
• 9:07
  Speaker 1: was an estate sale. Someone had died obviously if it
• 9:10
  Speaker 1: was an estate sale and the Sun couldn't get rid
• 9:12
  Speaker 1: of it. Question did you meet the Sun? Answer no question.
• 9:16
  Speaker 1: Did you know the Sun? Answer no question. Did you
• 9:19
  Speaker 1: know anybody connected with the estate? Answer no. Question was
• 9:24
  Speaker 1: this piece of property in the paper or was it
• 9:26
  Speaker 1: just a general ad for the building? Answer? The building
• 9:29
  Speaker 1: was not mentioned. It was an ad saying sacrifice apartment.
• 9:33
  Speaker 1: Question did you speak to anybody about this apartment before
• 9:36
  Speaker 1: you went to look at it besides the real estate agent?
• 9:38
  Speaker 1: Answer no question. Were you familiar with the building? Answer
• 9:42
  Speaker 1: I had passed by a number of times. Question do
• 9:45
  Speaker 1: you know anybody that lives in that building? Answer no.
• 9:49
  Speaker 1: Question do you know any other individuals at bear Stearns
• 9:52
  Speaker 1: who also vacation in Palm Beach? Answer many people tell
• 9:55
  Speaker 1: me that they've been there, but I don't know about vacations.
• 9:58
  Speaker 1: Question do you know if redacted maintain he's an apartment
• 10:00
  Speaker 1: in Palm Beach. Answer, I don't believe, so I don't know.
• 10:05
  Speaker 1: Question do you know if redacted does? Answer? I don't know.
• 10:08
  Speaker 1: Question do you know if any Barristerns employees have relatives
• 10:10
  Speaker 1: that live in Palm Beach? Answer I'm sure they do,
• 10:13
  Speaker 1: but I don't know about it. Question do you know
• 10:15
  Speaker 1: any Answer no question. Do you know any Barristerns employees
• 10:19
  Speaker 1: who have vacations in Palm Beach during the past three weeks?
• 10:22
  Speaker 1: Answer no. Question Do you know anybody at the firm
• 10:26
  Speaker 1: or at any firm other than Barri Sterns who vacations
• 10:29
  Speaker 1: or maintains a residence in Palm Beach? Who's worked for
• 10:31
  Speaker 1: any other brokerage firm? Answer any other brokerage firm. I
• 10:35
  Speaker 1: know this redacted who has an apartment, but I don't
• 10:38
  Speaker 1: know if he works for a brokerage firm by redacted.
• 10:41
  Speaker 1: Question who is redacted? Answer? He used to be redacted
• 10:45
  Speaker 1: at Barris Sterns. Question in connection with your employment at
• 10:48
  Speaker 1: Bari Sterns, do you have any clients who are Swiss
• 10:51
  Speaker 1: bankers or do you have any trading through Swiss banks?
• 10:54
  Speaker 1: Answer no. Question Do you know what Bari Stearns has
• 10:56
  Speaker 1: clients who are Swiss banks or deals with Swiss banks
• 10:59
  Speaker 1: up there? Answer no question. Do you know if the
• 11:02
  Speaker 1: firm has any clients who are Swiss banks? Answer no question.
• 11:06
  Speaker 1: Can we go off the record for a second, they
• 11:08
  Speaker 1: come back on, mister Epstein. There were no conversations of
• 11:12
  Speaker 1: a substantive nature between us while we were off the record,
• 11:15
  Speaker 1: were there witness? No question? Do you know anyone name redacted?
• 11:19
  Speaker 1: That name familiar to you at all? Answer not at all.
• 11:23
  Speaker 1: Question now, if you know is in possession of the
• 11:26
  Speaker 1: original of division Exhibit two, the letter dated March twenty fifth,
• 11:30
  Speaker 1: nineteen eighty one. Answer again, I handed it to redacted
• 11:33
  Speaker 1: on that day, so, as far as I know, he
• 11:35
  Speaker 1: was the one who had it. Question have you ever
• 11:38
  Speaker 1: made any other presentation or communication to the Barristerns Executive
• 11:42
  Speaker 1: Committee besides what's reflected by Exhibit three and Exhibit two,
• 11:46
  Speaker 1: mister Layman, in connection with circumstances on anything at all? Redacted?
• 11:50
  Speaker 1: On anything? Answer the full executive committee maybe two years
• 11:54
  Speaker 1: ago I made a presentation. Question did you do it
• 11:57
  Speaker 1: in person or by letter? Answer in person? All right, folks,
• 12:00
  Speaker 1: We're gonna wrap up right here and in the next
• 12:02
  Speaker 1: episode dealing with the topic We're gonna pick up where
• 12:04
  Speaker 1: we left off. All the information that goes with this
• 12:07
  Speaker 1: episode can be found in the description box.