HOUSE_OVERSIGHT_031805.jpg
1.37 MB
Extraction Summary
4
People
2
Organizations
0
Locations
2
Events
1
Relationships
7
Quotes
Document Information
Type:
Email
File Size:
1.37 MB
Summary
In this email from July 13, 2018, Jeffrey E. (Epstein) scolds Paul Barrett and Richard Kahn for incompetent stock trading that resulted in significant financial losses. He criticizes their strategy regarding 'spy trades' and Broadcom, calling them amateurs for panicking over news about a Trump visit and failing to execute proper options strategies. Epstein notes that due to their personal relationship, he has been more lenient than usual, stating the arrangement would have ended months ago if it were anyone else.
People (4)
| Name | Role | Context |
|---|---|---|
| Jeffrey E. | Sender |
Likely Jeffrey Epstein (email: jeevacation@gmail.com, footer mentions property of 'JEE'). He is criticizing the recip...
|
| Paul Barrett | Recipient |
Addressed in the 'To' line. Target of the criticism regarding trading incompetence.
|
| Richard Kahn | Recipient |
Addressed in the 'To' line. Target of the criticism regarding trading incompetence.
|
| Trump | Mentioned Figure |
Referenced in relation to 'media reporting on trump visit' which allegedly caused the recipient to panic in the market.
|
Organizations (2)
| Name | Type | Context |
|---|---|---|
| Broadcom |
Mentioned in the context of a specific trading failure ('re broadcom. the crack happend in the morning').
|
|
| House Oversight Committee |
Implied by the Bates stamp 'HOUSE_OVERSIGHT_031805'.
|
Timeline (2 events)
Prior to July 13, 2018
Trading activity involving SPY options and Broadcom stock where the recipient panicked and lost money.
Financial Markets
Relationships (1)
Jeffrey says 'I allowed as promised to give you authority' and 'I have taught this for many years.' He indicates a personal leniency: 'If it were not you, this would have ended months ago.'
Key Quotes (7)
"it is apparent that you have no experience trading."Source
HOUSE_OVERSIGHT_031805.jpg
Quote #1
"the spy trades were the results of a rank amatuer."Source
HOUSE_OVERSIGHT_031805.jpg
Quote #2
"based on media reporting on trump visit? you didnt act. the market dipped and you panicked."Source
HOUSE_OVERSIGHT_031805.jpg
Quote #3
"AMATEUR . wrong options wrong timing , no discipline"Source
HOUSE_OVERSIGHT_031805.jpg
Quote #4
"your grade is an F."Source
HOUSE_OVERSIGHT_031805.jpg
Quote #5
"I have lost a great deal of money hoping you would be able to do as you promised you could"Source
HOUSE_OVERSIGHT_031805.jpg
Quote #6
"If it were not you, this would have ended months ago."Source
HOUSE_OVERSIGHT_031805.jpg
Quote #7
Full Extracted Text
Complete text extracted from the document (2,275 characters)
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 highter 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. . we should work on a solution . not sure yet what shape it takes.
--
please note
The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE
Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved
please note
The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE
Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved
HOUSE_OVERSIGHT_031805
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