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all the transactions just completed . including Phaidon. - I was never told that this was out of range. in
fact, alternative methods of payment . ie my plane, or an -in-kind payment were discussed (
ie including keeping the 30m portion of the fee outstanding till March ) ,I provided , only because you
specifically requested a detailed step by step execution plan and reviewed all documents that i was given
access to. ( Phaidon was never forthcoming ) in order to make my many corrections . ( as i said more needed
on phaidon ) . I was then told that Alans involvement warranted a discount . Even in the best of light ,
though it is beyond question that not one time in the three years of his retainer has he ever proposed a
unique idea. (including any way to deal with the use issue on debras death ,or even the most basic review of
your largest asset by far , the BRH agreement. ) O.K. - lets say he made a contribution to the plan and stretch
reality beyond the pale and say it was 50 %. though no one could posit such a large amount unless they were
wearing a clown suit. , the payment and our formula of 37 percent associated with the deal was known . It
had both sent in writing and spoken about on the phone numerous times , a detailed execution plan was
provided . then and only then, after the entire transaction was laid out for the group to follow You told
me that after a number of conversations with brad karp that a total of only 20m would be paid , (and even that
was more than you originally contemplated ) for both transactions . Leon I feel It was remarkably unfair. Did
brad even knew of our prior agreements.? ?, I would ask that you I and Brad karp sit together if you think it
would be helpful. . I would like to send him this email, with your consent of course. If the transactions were
never consummated , i would not be owed a dime, however , the expected fee was known up front. , the
detailed step by step plan was followed and overseen by me, the amount that I had requested before the
transaction had even begun, had already been heavily discounted, out of friendship, . I believe the decision re
only paying 20 m has frankly , left me felling quite uneasy. and colors the view about the Athene or
Rothschild transaction.
Date: Wed, Jan 6, 2016 at 12:44 PM
Subject: Fwd:
To: Jeffrey Epstein
PLEASE READ CAREFULLY ,
In the spirit in which it is sent. our friendship is intact and solid , though ,it has taken a hit.
Mark was here this morning , the proposed transactions are extremely complex . and would take a great
deal of my detailed time. I do not know how, and even, if ,to move forward - . After months of hearing that
you would have no problem paying a large fee if you could only ascertain value. The last transaction. a
transaction which you saved over 600 million in tax. declared bullet proof by your attnys, and even if you
want to disoccount for its future realization, creating a savings of over 300 million real dollars. For some
reason you chose to ignore our agreements , verbal written and emailed -and at the very last minute , after the
deal was complete decided that it was only worth 8 million dollars to you and your family. . ( assuming
phaidon -richard happens. there is a 24 m savings not including artspace and debt write down
benefits- certain to come later .. IMPORTANT NOTE
: the phaidon transaction as currently contemplated will not work . WILL 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 greatly preferred to have no financial interactions. I don't have
many friends and didn't want money in any way to interfere with our unique relationship. Reminder , For five
years you had the kind, but very goofy Eileen Alexandersson as the sole manager of your massive 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 biz school 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

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