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3.2 MB

Extraction Summary

7
People
6
Organizations
2
Locations
2
Events
3
Relationships
7
Quotes

Document Information

Type: Email
File Size: 3.2 MB
Summary

An email from an unidentified financial advisor (potentially Leon Black based on context) to Jeffrey Epstein dated January 5, 2016. The sender expresses severe frustration regarding unpaid fees for complex tax structures that allegedly saved Epstein $600 million, while criticizing Epstein's reliance on 'incompetent' staff like Eileen Alexandersson and Brad Wechsler. The document details various financial entanglements, including an art partnership, Phaidon, and Mirage Investments, alongside a demand for fair payment.

People (7)

Name Role Context
Jeffrey Epstein Recipient
Addressed as the recipient of the email at jeevacation@gmail.com.
Sender (Unidentified in text) Sender/Advisor
Author of the email; discusses tax savings, fees, and criticizes Epstein's staff. Tone suggests a high-level financia...
Eileen Alexandersson Manager/Employee
Described as 'kind but goofy' and the 'sole manager of your accounting, legal, investments'. Sender calls her incompe...
Brad Wechsler Employee/Candidate
Discussed regarding a hiring decision; sender felt he was 'highly unsuited for the job' of managing Mirage Investments.
Tom Unknown
Mentioned in relation to HR/hiring and a fee structure he didn't like.
Mark Associate
Was with the sender 'this morning' discussing complex transactions.
Richard (srichard) Business Associate
Mentioned in context of 'phaidon srichard' (likely Richard Schlagman).

Organizations (6)

Name Type Context
Deutsh
Refers to Deutsche Bank; sender suggests opening accounts there.
Goldman
Refers to Goldman Sachs; sender suggests opening accounts there.
Phaidon
Mentioned in relation to a transaction and savings ('phaidon srichard').
Artspace
Mentioned in relation to financial savings.
Mirage Investments
Company Brad Wechsler was promised a position to manage.
House Oversight Committee
Indicated by the Bates stamp 'HOUSE_OVERSIGHT_023261'.

Timeline (2 events)

2016-01-05
Meeting with Mark
Europe (implied by sender's location)
Sender Mark
Unknown
Meeting at Epstein's home
Bedford

Locations (2)

Location Context
Location of the sender at the time of writing.
Location of Epstein's home where a meeting took place.

Relationships (3)

Sender Financial Advisor/Client Jeffrey Epstein
Sender claims to have saved Epstein $600m in taxes, discusses fee disputes, and mentions a 'unique relationship'.
Sender Professional Conflict Eileen Alexandersson
Sender calls her 'incompetent' and 'goofy'.
Jeffrey Epstein Employer/Employee Brad Wechsler
Epstein hired Brad to manage Mirage Investments despite Sender's advice.

Key Quotes (7)

"our financial agreement ended months ago . seperate from the art partnership (which i was told yesterday to my amazement is still not funded)"
Source
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Quote #1
"I am told that eilleen has set up over one hundred bank acccts for you???!!."
Source
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Quote #2
"a transaction which you saved 600 million in tax."
Source
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Quote #3
"for that you ignored our agreements , verbal written and emailed -and decided that it was only worth 8 million dollars."
Source
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Quote #4
"For five years you had the kind but goofy Eileen Alexandersson as the sole manager of your accounting , legal, investments."
Source
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Quote #5
"I have rectified errors in sales tax, use tax, income tax, fbar reporting, 1031 reporting, 8 million of deductions missed errors of millions on the returns."
Source
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Quote #6
"600 million in after tax savings was just accomplished."
Source
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Quote #7

Full Extracted Text

Complete text extracted from the document (4,366 characters)

up seperate trusts, , 2) I am reachable this afternoon in europe. on cell. 3. on another note . -our financial agreement ended months ago . seperate from the art partnership (which i was told yesterday to my amazement is still not funded) . i am obligated to complete ? the time i have dedicated since oct/ dec has been spent mainly as your friend. tom, brad though i am fully cognizant of my responsiblities. I will try to help find people. I am not good at human resources. howevr If I don;t think they are good enough for you. I will continue to say so , and you obviously decide. but I will reiterrate even in the face of your "nobody is good enough argument." keeping foremost in my mind that you and I have only beeen shown a very tiny handful of people. 4. I find the friction over fees , counterproductive. in an attempt to avoid it I had suggested a multi year deal early on. you rejected it. I then suggested, and urged you to have an option at a fixed fee , you also rejected that .you wanted the fee payment only at the end I argued but ,conceded. I suggested a structure that tom didn't like. you rejected it . 5 I suggest you make a fair proposal.- that i can either accept or reject. some payment up front this time is a requirement. I am willing to modify any outstanding obligations. - there are creative ways to assure you of your desired characterization of those payments. 6 you should open accts at Deutsh . and goldman. I am told that eilleen has set up over one hundred bank acccts for you???!!. few relevant 7 you should immediatly demand a list of all her acct authorites , exec poistions . director etc. bank authorizsations. etc. talk later or over the weekend if you like
Date: Tue, Jan 5, 2016 at 9:32 PM
Subject:
To: Jeffrey Epstein
Mark was here this morning , the proposed transactions are extremely complex . and would take a great deal of detailed time. I do not know how, and if ,to move forward - our last transaction. a transaction which you saved 600 million in tax. even if 20 years away , ( i hope longer) even discounted is a 300 million savings . for that you ignored our agreements , verbal written and emailed -and decided that it was only worth 8 million dollars. ( assuming phaidon srichard happens. 24 m savings not including artspace and debt benefits certain to come later ) FYI the phaidon transaction cannot happen as currently comtemplated IT will not work . NOT
When we had our meeting in your home in Bedford. You asked me for my help. I told you multiple times that i thought it was a very bad idea, in that I preferred to have no financial interactions. I dont have many friends and didnt want money in any way to interfere with our unique relationship. Reminder , For five years you had the kind but goofy Eileen Alexandersson as the sole manager of your accounting , legal, investments. reporting, trusts etc. When I first told you in no uncertain terms that I firmly believed she was incompetent you admonished me for " speaking out of both sides of my mouth " . With regard Brad Wechsler , there has never been a " both sides. ". I have consistantly maintained since day one that he was highly unsuited for the job. When you initially asked me to help convince him to take the role , promising him a position to manage mirage investments I sent you a note saying that instead of hiring him you should pay up and get first class people. I have reiterated the same message for over a year now. . Brad , not me ,was tasked with hiring new people , according to his org chart.(nauseating ) and as you wanted him to take ownership of the staff,he conducted many interviews alone. . you may recall that as late as may, you told him in my presence that though six months had passed he had not hired anyone. since then I have rectified errors in sales tax, use tax, income tax, fbar reporting, 1031 reporting, 8 million of deductions missed errors of millions on the returns. ,( april ) Oversight on new grats- first at 22 and then at 19 that were done without my consultation and needed to be resolved soley as a result of my last minute intervention. . 600 million in after tax savings was just accomplished. though you left the 30 million outstanding that I had said should only be done" if" that was my additional fee. not used for non biz purposes and not art.
HOUSE_OVERSIGHT_023261

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