To: jeevacation©gmail.comfjeevacation©gmail.corn]
From: Peggy Siegal
Sent Tue 7/28/2009 7:16:40 PM
Subject Fw: Bernie Medoff

## Title: Fw: Bernie Madoff

Here is your answer...peg

----- Original Message -----
From: Ed Epstein
To: Peggy Siegal
Sent: Tue Jul 28 15:03:36 2009
Subject: re: Bernie Madoff

Yes that would work in dividing same trades over many accords, but his 7 main hedge funds had different roles, so he bought and sold different options in these dillerent accounts, which on paper had $40 billion. So you arc talking about a lot of papenvorks done every day. Maybe 3 to 5 thousand trades a day. Buy you are right, once they were entered the computer could find the CUSIP number Regards

Ed
www.edwardjayepstein.com