| --- |
| title: "House Oversight: Estate Documents (Nov 12) (HOUSE_OVERSIGHT_017783)" |
| source: "House Oversight: Estate Documents (Nov 12)" |
| sourceUrl: "https://www.justice.gov/epstein" |
| date: "2026-01-01" |
| category: "House Oversight" |
| eftaNumber: "HOUSE_OVERSIGHT_017783" |
| ocrPages: 1 |
| ocrChars: 3120 |
| ocrElapsed: 0.0 |
| parseTier: "external-legacy" |
| engine: "engine undisclosed (ep-nov-12.greg.technology mirror)" |
| externalSource: "greg-ep-nov-12" |
| externalLicense: "not granted" |
| externalCredit: "ep-nov-12.greg.technology" |
| externalUrl: "https://ep-nov-12.greg.technology" |
| --- |
| |
| Case 1:19-CV-03377 Document 1-8 Filed 04/16/19 Page 13 of 16 |
| http://www.vanityfair.com/news/2003/03/jeffrey-epstein-200303 |
| 1989 deposition he said that he put in only $300,000 of his own money. Where did the rest come |
| from? Hoffenberg has said it came from him, in a loan that Nederlander and Toboroff didn't |
| know about. |
| Two things happened that alarmed Nederlander and Toboroff. After the group signaled a |
| possible takeover, the Pennwalt management threatened to sue the would-be raiders. Epstein was |
| reluctant initially to give a deposition about his share of the money, telling Toboroff there were |
| "reasons" he didn't want to. Then, after the opportunity for new investors was closed, co- |
| investors recall Epstein announcing that he'd found one at last: Dick Snyder, then C.E.O. of the |
| publisher Simon & Schuster, who wanted to put up approximately $500,000. (Neither Epstein |
| nor Snyder can now recall the investment. Yet in the 1989 deposition Epstein said that he had |
| recruited Snyder, whom he had met socially, into the deal.) |
| According to a source, Toboroff and Nederlander told Epstein that Snyder was too late, but, |
| without their realizing it, Hoffenberg has claimed, Snyder wrote a check to Hoffenberg and |
| bought out some of his investment. But then Snyder wanted out. |
| "Nederlander started to get these irate calls from [Snyder,] who wasn't part of the deal, saying he |
| was owed all this money," says someone close to the deal. Toboroff and Nederlander were |
| baffled. |
| Eventually, a source close to Hoffenberg says, Hoffenberg paid Snyder off. |
| Just as Nederlander and Toboroff were growing wary of Epstein, he became increasingly |
| involved with Leslie Wexner, whom he had met through insurance executive Robert Meister and |
| his late wife. Epstein has told people that he met Wexner in 1986 in Palm Beach, and that he |
| won his confidence by persuading him not to invest in the stock market, just as the 1987 crash |
| was approaching. His story has subsequently changed. When asked if Wexner knew about his |
| connection to Hoffenberg, Epstein said that he began working for Wexner in 1989, and that "it |
| was certainly not the same time. |
| Wherever and whenever it was that Epstein and Wener actually met, there was an immediate |
| and strong personal chemistry. Wexner says he thinks Epstein is "very smart with a combination |
| of excellent judgment and unusually high standards. Also, he is always a most loyal friend." |
| Sources say Epstein proved that he could be useful to Wexner as well, with "fresh" ideas about |
| investments. "Wener had a couple of bad investments, and Jeffrey cleaned those up right |
| away," says a former associate of Epstein's. |
| Before he signed on with Wexner, Epstein had several meetings with Harold Levin, then head of |
| Wexner Investments, in which he enunciated ideas about currencies that Levin found |
| incomprehensible. "In fact," says someone who used to work very closely with Wexner, |
| everyone at the Limited wondered who Epstein was; he literally came out of nowhere." |
| "Everyone was mystified as to what his appeal was," says Robert Morosky, a former vice- |
| chairman of the Limited. |
| HOUSE_OVERSIGHT_017783 |
|
|
