Epstein money man quits Cambridge Uni business school role after emails with paedophile financier emerge
The German business consultant who acted as an intermediary between Jeffrey Epstein and the former Duke of York has resigned from the University of Cambridge business school.
David Stern has resigned “effective immediately” after Judge Business School was asked about his relationship with the disgraced financier.
Details emerged as it emerged that Mr Stern, 48, had suggested to Mr Epstein that he should invest in music company EMI on the grounds that the industry was ‘about P’; it was a derogatory term that Epstein used to refer to women.
According to the BBC, Epstein expressed interest and said: ‘Do we need any help – Mandelson?’
Lord Mandelson denies any suggestion he was aware of Epstein’s sex crimes and said he did not discover the truth until the pedophile’s death in 2019.
Mr. Stern’s name appears 7,461 times in the Epstein Files; Here he refers to himself as a ‘soldier’ and the child sex offender as a ‘general’. It was revealed that the men had exchanged sexually explicit messages with Mr Stern, known as the ‘man in the palace’, ensuring that Epstein was aware of Andrew Mountbatten-Windsor’s movements. The relationship continued after Epstein was released from prison in 2009 after admitting to procuring a girl under 18 for prostitution, and continued until at least 2017, according to the messages.
Epstein also tried to broker a lucrative deal with an American investment firm that would have given Andrew a £1 million advance, emails between him and Mr Stern show.
David Stern (left) smiles with Sarah Ferguson (center) and Andrew Mountbatten-Windsor (right) in a photo released by the US Department of Justice
Mr. Stern’s name appears 7,461 times in the Epstein Files; here he refers to himself as a ‘soldier’ and the child sex offender (pictured) as a ‘general’.
According to emails released by the U.S. Department of Justice, under one proposed version the former prince would receive a 40 percent cut of future profits for his connection to Cantor Fitzgerald; the same amount would go to the firm, and the remaining 20 percent would go to Mr. Stern.
The plan to use Andrew’s connections to promote ‘asset management firms, sovereign wealth funds, institutional investors and high-net-worth individuals’ was discussed by Mr Epstein and Mr Stern in the autumn of 2013 – almost three years after the then Duke of York claimed he had severed ties with the billionaire, the Daily Telegraph reported.
A birthday message apparently sent from Mr. Stern to Mr. Epstein in 2014 included a photo of an unidentified young woman with champagne poured over her.
The correspondence about Andrew included one from 2011; Mr Stern apparently wrote: ‘I’m going to China with the PA on 23 October… I’m staying in the background/hidden.’
He was appointed to Judge Business School’s advisory board in January 2018. But he resigned with ‘immediate effect’ after business magazine Private Equity News approached the school about its relationship with Epstein.
‘David Stern has resigned from the advisory board of Cambridge Judge Business School with immediate effect,’ a JBS spokesman said, without confirming whether he had previously known of ties between the two men.
Mr. Stern has been contacted for comment.
