During March_April 2007, Bear Stearns began experiencing difficulties with the insolvencies of TWO different billion dollar hedge funds.

Each fund was insolvent due to holding large amounts of subprime mortgage assets at the time.

The assets of the two funds were held in :

1) Liquid Funding Ltd - An offshore vehicle with Jeffrey Epstein as director. This fund was tied to MEGA group member Les Wexner.

2) Epstein AG - This was another offshore vehicle established in 1997 for Bear Stearns assets to be managed by Jeffrey Epstein and qualify for US Virgin Islands 90% tax rebates.

One key data point we've discovered in our Panama Papers research is that any vehicle managed by Alan ‘Ace’ Greenberg ended the entity name with ‘AG.’