Word: epstein
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SEPULVEDA, Calif.--From a first-floor suite in the two-story yellow and brown building on Woodley Ave. here, Visiting Professor of Business Administration Marc J. Epstein created a small empire of businesses...
...late 1980s, however, the empire built in the earthquake country of the San Fernando Valley was shaken by management decisions and a sagging real estate market. Four years ago, several of Epstein's businesses crumbled...
...Epstein and his sometimes business partner, Beverly Hills attorney Harold Klein, did not return phone calls seeking comment for this story. But he insisted in interviews last spring that his role in the companies run out of Sepulveda was minimal...
...said he merely lent his name to friends for various loans and investments. Epstein also said he had little to do with the financial demise of the companies...
Harvard launched a review of Epstein after the University was named in a suit last spring by California-based Mitsui Manufacturers Bank, which was trying to recoup $2.7 million that Epstein owed them. As a result of that review, University officials have said they accept Epstein's explanations...