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1.27 MB
Extraction Summary
3
People
3
Organizations
1
Locations
3
Events
3
Relationships
6
Quotes
Document Information
Type:
Email thread
File Size:
1.27 MB
Summary
This document is an email thread from July 2018 between Jeffrey Epstein (using the alias Jeffrey E./jeevacation@gmail.com) and Paul Barrett of Alpha Group Capital. Epstein sends a harsh rebuke to Barrett regarding significant financial losses, calling his trading 'amateur' and giving him a grade of 'F' for his handling of SPY and Broadcom options. Barrett responds with specific pricing for August and September put options, suggesting a strategy based on upcoming earnings.
People (3)
| Name | Role | Context |
|---|---|---|
| Jeffrey E. (Jeffrey Epstein) | Sender/Investor |
Sends a scathing email to Paul Barrett criticizing his trading performance and lack of experience.
|
| Paul Barrett | Recipient/Trader |
Managing money for Epstein via Alpha Group Capital LLC. Responds with options pricing. Criticized heavily in the email.
|
| Richard Kahn | Recipient (CC) |
Included on the email thread criticizing Barrett.
|
Organizations (3)
| Name | Type | Context |
|---|---|---|
| Alpha Group Capital LLC |
Firm associated with Paul Barrett.
|
|
| Broadcom |
Mentioned in relation to a specific trade ('re broadcom').
|
|
| House Oversight Committee |
Source of the document (indicated by footer stamp).
|
Timeline (3 events)
Locations (1)
| Location | Context |
|---|---|
|
Address listed for Paul Barrett/Alpha Group Capital LLC.
|
Relationships (3)
Epstein entrusted money to Barrett to manage; Epstein is now reprimanding him for losses.
Epstein states 'I have taught this for many years. and your grade is an F.'
Epstein states 'If it were not you, this would have ended months ago,' suggesting leniency due to a personal relationship.
Key Quotes (6)
"Im not angry , sorry, it is sad. it is apparent that you have no experience trading."Source
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Quote #1
"the spy trades were the results of a rank amatuer."Source
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Quote #2
"AMATEUR . wrong options wrong timing , no discipline and as a percentaage of investment."Source
HOUSE_OVERSIGHT_031820.jpg
Quote #3
"I have taught this for many years. and your grade is an F."Source
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Quote #4
"I have lost a great deal of money hoping you would be able to do as you promised you could"Source
HOUSE_OVERSIGHT_031820.jpg
Quote #5
"If it were not you, this would have ended months ago."Source
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Quote #6
Full Extracted Text
Complete text extracted from the document (2,143 characters)
This morning the pricing is as follows:
Aug 200 Puts cost $4.10
Sept 200 Puts cost $7.90
Sept 200 Puts cost $7.90
Earning are on 08/30. So worst case is the uncertainty lingers until then which would argue to buy the Sept puts.
However I still prefer buying the Aug puts as I would fully expect more clarity from management before August expiry.
However I still prefer buying the Aug puts as I would fully expect more clarity from management before August expiry.
Paul
Paul Barrett
Alpha Group Capital LLC
142 W 57th Street, 11th Floor, New York, NY 10019
Alpha Group Capital LLC
142 W 57th Street, 11th Floor, New York, NY 10019
[REDACTED BLOCK]
ALPHA GROUP CAPITAL
From: jeffrey E.
Sent: Friday, July 13, 2018 7:11 AM
To: Paul Barrett [REDACTED]; Richard Kahn [REDACTED]
Subject:
Sent: Friday, July 13, 2018 7:11 AM
To: Paul Barrett [REDACTED]; Richard Kahn [REDACTED]
Subject:
Im not angry , sorry, it is sad. it is apparent that you have no experience trading. we both made a mistake. . the
spy trades were the results of a rank amatuer. . you took a postion on the direction of the market. ok. you
decided to play it extra short time and short. . why? becaue the options are cheaper. ? knowing full well that
time premium was running. . first silly move. . I allowed as promised to give you authority. . you set a target. . it
hit the traget , you moved in back. based on media reporting on trump visit? you didnt act. the market dipped and
you panicked. . AMATEUR . wrong options wrong timing , no discipline and as a percentaage of investment. a one
day dip fof 25%. wanting to buy the higher strike , is ok. but why the same month? why the same moment. why
the same index. . sorry. I have taught this for many years. and your grade is an F. not one good move in
many. . re broadcom. the crack happend in the morning. options were higher. no alternative presented. no
analysis. , this is no way to manage money. I have lost a great deal of money hoping you would be able to do as
you promised you could . would. . Had you told me , jeffrey I d like to try a new job as a manager lets start slow I
can learn . i would be less annoyed. you told me you had great confidence knew the risks and truly believed you
would be able to raise money .do well and prosper. . If it were not you, this would have ended months ago. .
should work on a solution . not sure yet what shape it takes.
spy trades were the results of a rank amatuer. . you took a postion on the direction of the market. ok. you
decided to play it extra short time and short. . why? becaue the options are cheaper. ? knowing full well that
time premium was running. . first silly move. . I allowed as promised to give you authority. . you set a target. . it
hit the traget , you moved in back. based on media reporting on trump visit? you didnt act. the market dipped and
you panicked. . AMATEUR . wrong options wrong timing , no discipline and as a percentaage of investment. a one
day dip fof 25%. wanting to buy the higher strike , is ok. but why the same month? why the same moment. why
the same index. . sorry. I have taught this for many years. and your grade is an F. not one good move in
many. . re broadcom. the crack happend in the morning. options were higher. no alternative presented. no
analysis. , this is no way to manage money. I have lost a great deal of money hoping you would be able to do as
you promised you could . would. . Had you told me , jeffrey I d like to try a new job as a manager lets start slow I
can learn . i would be less annoyed. you told me you had great confidence knew the risks and truly believed you
would be able to raise money .do well and prosper. . If it were not you, this would have ended months ago. .
should work on a solution . not sure yet what shape it takes.
--
please note
please note
HOUSE_OVERSIGHT_031820
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