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⚡IMPACT LEVEL 3 — NOTEWORTHY

Epstein File EFTA02701352: Jeff Crank and Crank (DS11)

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Email dated August 24, 2012 sent to jeeproject@yahoo.com containing a forwarded article from Institutional Investor Daily regarding Brazil's hedge funds. The subject line references hedge funds and risk management.

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Excerpt 1
Investor Daily Sent: Friday, August 24, 2012 3:02 PM To: jeeproject@yahoo.com Subject: Brazil's Hedge Funds **Crank**
Excerpt 2
706958&mindex=1284906244&hur=ht=%3A//www.instiutional vestor.com/Article/3079775/Brazils-Hedge-Funds-=rank-Up-the-Risk-Dial.html">Brazils Hedgel Funds **Crank**

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