EFTA Document EFTA01732454

From: Jeffrey Epstein <[email protected]> Sent: Tuesday, February 24, 2015 10:55 AM To: Jeffrey Epstein =eb Clip Engadget Ft55 Feed - =A0Apple rumored to overhaul its Ge=ius Bar, add 'Concierge' service <http://www.engadget.com/2015/02/24/apple-concierge=service-genius-bar/?ncid=rss_truncated> - = hours ago </=d> m Leon, Yesterday was hou=s upon hours of my time spent,( speak to brad to get flavor) and you and = will discuss the results in gruesome detail on Friday. it mirrored many o=her weeks spent doing the things that I don;t have the time to do. In order to keep things in perspective, =AO reviewing an analogy I have used before with you, I thought might be he=pful. You and your family are a 6 billion dollar cor=. with income between 250 -50O million dollars per year. It contains=a few operating biz's , a large wide array of existing investmen=s, in various categories , a desire to enter into others. .a panoply=of loans, notes. purchases, wide range of taxes. =C2 , planes. boats homes.. trusts grats. a crazy number of=C2 bank accts. ( with no oversight ) . law firms, acct firms, 800 =age tax returns, foreign firms. art consultants. construction c=nsultants bill payers, home mgmt.,vast multitude of =Ic's , including foreign, and with all that you only have=C2 a combined overhead of less that 3 million dollars. =A0 I have previously sent you the very same no=e that i have enclosed again below ,this time with highlights = I wrote it to you over a year ago. As my ac=te disability ( selective memory) seems to have been raised as =one of your concerns , as a rule I try to memorialize th=ngs in writing in an attempt to lay out issues that I fear may=C2 later turn out to be a problem. ie what i would and wouldn=#39;t do , - my responsibilities. and those things that =re not. including details of things that I thought needed to =e done, so that you wouldn't find yourself in the very =AO place where you currently find yourself. however ,you chose to de=er many of my suggestions- see below -,until only weeks ago. ! =you chose to defer the jpm acct. the art partnership on a=d on - into this year. and though the 60.50 40 timber emails all ca=ried with it a clear warning that you needed to do something re personnel=C2 if it were to stabilize,- you chose to wait. ( FYI the C=rlyns art partnershipthat you referenced is only similar in title. )=br> ONE YEAR AGO Feb 17 2014 i wr=te : With regard the more pressing issue I =m uncertain of just how to proceed. I am torn, as my very stro=g inclination is not to be involved at all . It is extremely time co=suming, delicate, fraught with many pitfall many that will make you very u=set and a major pain in the ass. I wrote you months ago that t=e quality of the people involved need to be upgraded. ( lucky for me=C2 these last issues arose way before the beginning of my involvement )= I am also aware however of my overarching friendship =AO obligations of ok, -given all the complexities who els= can do it? problem. Your family office needs a daddy. =AO children with good intentions are running around , sniping , nitpicking=with little direction. As a stopgap measure I am suggesting , we put=in Larry Delson to take charge Everyone would report to him. Eileen included. He=would however work for me. this is not, by a long shot my firs= choice as I prefer only being EFTA_R1_00005936 EFTA01732454 responsible and standing behind my ow= personal work ( ie the word DONE will no longer be =ransmitted to reflect status stated by others ) =AO With no commitment on my part whatsoever, to do it. So far =s I have failed in my attempt in trying to think t=rough the problem creatively . My organizations handling of the more complex issues I believe you=might find very costly, very ! ( however many structures=available some risk sharing, maybe risk caps ,etc ) but would <=pan style="color:rgb(255,0,0)">require my teams doing the work =AO , not yours. Ada should be only a trust, grat adm=nistrator. not sure what role you prefer for Eileen as you hir=d her initially to oversee investments. whether Rich your cont=oller stays or not, is not urgent. having Tom report to a new =erson,- is. coordination with Suydam Kathy Gre=ory, I would suggest limiting to one person. The increasing public p=ofile needs to be taken into consideration. talk lat=r..c TODAY With your consent ., Eil=en did not report to Delson ( he acting as conduit directl= to me), she continued to provide bad info to both you ( cashflows , stock accts, structures. sales Etc) and me. and e=ch time with my many annoying calls to you that she was g y !! N= one was hired to run YOUR office until two months ago , no one was even i=terviewed and even now, Brad is not full time,(crazy )=Hours upon hours of time need to be spent training him . and new staff. =C2 Eileen followed your instructions. not mine. in fact she conti=ued to ignore mine saying " but Leon " its on" L=ons desk" , You would become frustrated when i poin=ed out each instance. of her obfuscation. you were given the clear=C2 choice but to save money you chose not to hire my team . I was=hired to do the architecture, you kept your own team. with Eile=n at the head. instructions were given by me, detailed =ut ignored by your people. ( except in the instances where I inserted myse=f and personally had to do weeks of grunt work ),ex. =AO jpm morgan acct still not in use? that being said =f you do the cold calculation starting from where you we=e, to where you are currently . you made a hell of a deal. =AO -- negotiating down my original amount requested , calling=C2 upon our friendship and suggesting that the Carlyn m=ss was partially my fault. ( though in that specific example ,=I had never been asked to do more than provide you the name of the m=st highly recognized atty in the field, not co=sulted,or asked again for guidance along the way. =). I accepted the discount as your friend. ( suggesting=now, that Tom is now that last word on tax characterization, frankly is a =it much,-). however - that is all in the past. =C2 In order to move forward I would ask tha= you realize that unlike yours, My business is only comprised =f my personal attention and my personal time . time that=l was forced to grossly overspend on your issues last year. . =s you are my very close friend I will not have you participate in a =idding process that I will have this year for my time . =hopefully a more fair way ) I would also ask that you keep in mind =hat though our deal expired months ago. (even apart from the f=ct that your understanding of the final terms neither reflected the =mails or my memory, we finished it up your way. ) I have answered ev=ry call brad , joslin, Ada or you, have made . revie=ed docs over and over/ until once again, I was forced to =C2 insert myself strongly as I thought it dangerous not to. l=made serious dollar and time concessions last year.very serious I a= wiling to continue to accommodate some of your concerns , but =1 am under no circumstances , none, willing to spend my time for fre=. its not fair. After cleaning up Carlyn's mess , which was a few week= and 30 million dollars . We were both highly aware of t=e dire circumstances in which you found yourself last year, and in fact du= predominately to its seriousness. and those very circumstance= I took extra care in our negotiations . (you had claimed I had you =ver a barrel , ( a horrible position to be in with my very close friend.),=unfortunately I fear that if you are not very careful ,in the near future,=another barrel will appear of your own design ) =A0I heard you when you said you believed i had already been paid for the w=rk that is now required. You will recall that you required that my payment= be at the end of my work not at the beginning as everyone else. I eventua=ly agreed, this of course should make clear that t=e 2014 tax year that will close Oct 2015 is not covered at all= I pointed this very fact out to you when I initially proposed a multi yea= agreement right out of the box. you said you preferred not. A= you said ,I have produced results to date, far in e=cess of even my own exalted opinion of my projections. I have devoted a monumental amount of my limited amount of time-- way, way in excess of =ur agreement. I will be fair, I am willing to roll in the amo=nt still outstanding from last year if that helps .. However, =s my best student , and my only one, you are now capable=of doing most not all of the required work yourself. I c=n put my whiteboard away when you come to eat and just have fun, trade sto=ies,. share moments ideas etc. . lam of course 2 EFTA_R1_00005937 EFTA01732455 always =vailable to guide you as a friend if you choose that route .. It will take=a great deal of your time , but you will not have to spend any=more money on mine . <=tr> please note The information contained in this communication is confidential, may =e attorney-client privileged, may constitute inside information, and is=intended only for the use of the addressee. It is the property of JE= Unauthorized use, disclosure or copying of this communication or an= part thereof is strictly prohibited and may be unlawful. If you have r=ceived this communication in error, please notify us immediately by =eturn e-mail or by e-mail to [email protected] <mailto:[email protected]> , and destroy this communication =nd all copies thereof, including all attachments. copyright -all rights=reserved --f46d04182694699aae050fd35900-- date-last-viewed 0.0 date-received 1424775296 flags 8590195713 remote-id 140541 3 EFTA_R1_00005938 EFTA01732456