HOUSE_OVERSIGHT_023294.jpg
2.46 MB
Extraction Summary
12
People
6
Organizations
2
Locations
1
Events
3
Relationships
5
Quotes
Document Information
Type:
Email chain / government oversight document
File Size:
2.46 MB
Summary
This document contains a series of emails from November 2015, likely written by Jeffrey Epstein to Melanie Spinella and other associates of Leon Black/Apollo Global Management. The emails discuss complex financial restructuring involving Phaidon, Art Space, and various trusts, as well as the payoff of a 'Leon note' accumulating $50k/day in interest. The sender expresses concern over a $100 million overseas transfer involving Gagosian, demands a formalized fee agreement, and suggests removing 'Debra' from access to a private plane.
People (12)
| Name | Role | Context |
|---|---|---|
| Sender | Advisor/Consultant |
Likely Jeffrey Epstein based on typing style, recipients, and context of financial advice/fees. Providing high-level ...
|
| Melanie Spinella | Recipient |
Primary recipient of the advice; appears to be managing family office or estate matters.
|
| Brad Wechsler | Recipient/Associate |
Mentioned as leading a 'crew', potentially buying Phaidon, and handling banking. Sender is critical of his competence.
|
| Richard Joslin | Recipient |
Included on financial calculation emails.
|
| Joe Avantario | Recipient |
Included on financial calculation emails.
|
| Leon | Subject |
Refers to Leon Black; mentions 'leon note' and payoff amounts.
|
| Ben | Subject |
Mentioned regarding accounting for 'bens house'.
|
| Jane Heller | Banker |
Sender advises Brad not to talk to her without a plan.
|
| Debra | Subject |
Question posed: 'remove debra. from plane?'
|
| Gagosian | Art Dealer |
Larry Gagosian; mentioned in context of a $100M overseas transfer without a contract.
|
| Bill Hellman | Trustee Candidate |
Suggested/questioned as a trustee.
|
| Ada | Staff/Associate |
Sender has negative views regarding Ada; mentioned in a misunderstanding about 'bens house'.
|
Organizations (6)
| Name | Type | Context |
|---|---|---|
| Phaidon |
Publishing company; discussed regarding 'decanting', folding Art Space into it, and Brad potentially buying it.
|
|
| Art Space |
Discussed regarding folding into Phaidon.
|
|
| Macfarlanes |
Law firm; mentioned with a question mark.
|
|
| Apoo |
Likely typo for Apollo (Global Management); 'open bank accounts for apoo'.
|
|
| Tax Dept |
Mentioned that Gagosian is on their radar.
|
|
| House Oversight Committee |
Source of the document (footer).
|
Timeline (1 events)
Prior to Nov 4, 2015
Locations (2)
| Location | Context |
|---|---|
|
Location of $100 million transfer.
|
|
|
Property requiring accounting.
|
Relationships (3)
Sender provides directive advice, discusses fee agreements, and coordinates complex financial structures.
Sender doubts Brad's competence ('I dont think brad should talk to jane heller', 'cannot be clumsy').
Leon Black
→
Financial/client
→
Sender (Epstein)
Discussion of 'Leon note', 'apoo' (Apollo), and 'j black trust'.
Key Quotes (5)
"there are hundreds of millions in saving if done correctly and a huge mess if not."Source
HOUSE_OVERSIGHT_023294.jpg
Quote #1
"who transfers 100 million dollars overseas without a contract ,- dont want you pulled into a scandal."Source
HOUSE_OVERSIGHT_023294.jpg
Quote #2
"interest will be approx 50k per day . look at deduction."Source
HOUSE_OVERSIGHT_023294.jpg
Quote #3
"remove debra. from plane?"Source
HOUSE_OVERSIGHT_023294.jpg
Quote #4
"I would like to fix our fee agreement , in detail no later than this weekend . ie amounts , dates paid . entities paid."Source
HOUSE_OVERSIGHT_023294.jpg
Quote #5
Full Extracted Text
Complete text extracted from the document (3,612 characters)
Date: Wed, Nov 4, 2015 at 4:45 AM
Subject:
To: Melanie Spinella [REDACTED]
okay, its time for you to decide how you would like to move forward. ( fyi get your money from the
1031 . the screw up is only one of many,) If you decide to move foward on decanting. phaidon, note basis
estate update , each requires many carefully orchestrated detailed steps. and precision . there are hundreds of
millions in saving if done correctly and a huge mess if not. If you want me and my colleagues to do it ,
oversee it paper it and guide it, you should tell me. It is a big undertaking . If not , ok .. Brad and your crew
can do it. I will have no real further involvement apart from confirming the outcome of my proposed
structure, I will not risk the admonition of- they thought you said, they thought you meant, they understood it
to be. but they said you said, ( i e ,I asked at our meeting that accounting be done properly for bens house ,
what came back was ada thought that I meant that we needed to go back to the 97 trust and give him a full third
party accounting of where his money had gone??!! I kid you not). I dont think brad should talk to jane heller
without a fully fleshed out plan in place and even then it should be you.
Subject:
To: Melanie Spinella [REDACTED]
okay, its time for you to decide how you would like to move forward. ( fyi get your money from the
1031 . the screw up is only one of many,) If you decide to move foward on decanting. phaidon, note basis
estate update , each requires many carefully orchestrated detailed steps. and precision . there are hundreds of
millions in saving if done correctly and a huge mess if not. If you want me and my colleagues to do it ,
oversee it paper it and guide it, you should tell me. It is a big undertaking . If not , ok .. Brad and your crew
can do it. I will have no real further involvement apart from confirming the outcome of my proposed
structure, I will not risk the admonition of- they thought you said, they thought you meant, they understood it
to be. but they said you said, ( i e ,I asked at our meeting that accounting be done properly for bens house ,
what came back was ada thought that I meant that we needed to go back to the 97 trust and give him a full third
party accounting of where his money had gone??!! I kid you not). I dont think brad should talk to jane heller
without a fully fleshed out plan in place and even then it should be you.
Date: Wed, Nov 11, 2015 at 10:59 AM
Subject:
To: Richard Joslin [REDACTED] Joe Avantario [REDACTED] Brad Wechsler [REDACTED]
lets calculate the exact payoff amount for the leon note as of nov 30 ,DEC1 , dec 31. 1) does art space get
folded in to phaidon. . middle cos disolved.? 2 collapse topco etc
open bank accounts for apoo
interest will be approx 50k per day . look at deduction.
note payoff docs- notaries . new docs. releases ? , accountings? disclosures? ( gaming ? ) art partnership .
renew. will? repaper lease guarantees? macfarlanes. ? do we pay down 10m. of plane. ? proposal for airplane
, 91 , 135. exec , jet. .? remove debra. from plane?
Subject:
To: Richard Joslin [REDACTED] Joe Avantario [REDACTED] Brad Wechsler [REDACTED]
lets calculate the exact payoff amount for the leon note as of nov 30 ,DEC1 , dec 31. 1) does art space get
folded in to phaidon. . middle cos disolved.? 2 collapse topco etc
open bank accounts for apoo
interest will be approx 50k per day . look at deduction.
note payoff docs- notaries . new docs. releases ? , accountings? disclosures? ( gaming ? ) art partnership .
renew. will? repaper lease guarantees? macfarlanes. ? do we pay down 10m. of plane. ? proposal for airplane
, 91 , 135. exec , jet. .? remove debra. from plane?
Date: Wed, Nov 11, 2015 at 11:00 AM
Subject:
To: Melanie Spinella [REDACTED]
we should discuss e trust and j black trust. , brad buying phaidon. artspace folding ? plane/ boat. foundation.
Subject:
To: Melanie Spinella [REDACTED]
we should discuss e trust and j black trust. , brad buying phaidon. artspace folding ? plane/ boat. foundation.
Date: Wed, Nov 11, 2015 at 9:09 PM
Subject:
To: Melanie Spinella [REDACTED]
we need to coordinate. brad bank, cannot be clumsy
Subject:
To: Melanie Spinella [REDACTED]
we need to coordinate. brad bank, cannot be clumsy
Date: Fri, Nov 20, 2015 at 10:50 AM
Subject: agenda
To: Melanie Spinella [REDACTED]
1. brad or richard. makes litte difference. 2. gagosian . no written contract??!! fishy to me - who transfers
100 million dollars overseas without a contract ,- dont want you pulled into a scandal. careful especially as
he is on the tax dept radar, . 3. I would like you to delineate what you would like me to do - the more
specificity the better.- I think it important to avoid any misunderstandings as to each of our obligations and
responsblities. I will always give you my best advice. I have made my views re ada and the office clear . no
hedging. . THEY should go. no hesitation . no zeus, your choice obviously. good news - I will not bring it up
again. moving forward- These transactions will require a great deal of manpower over the next
holiday month, every document needs minute review. . I would like to fix our fee agreement , in detail no
later than this weekend . ie amounts , dates paid . entities paid. any concept you may have of" after care"? all
on the table. .other questions such as how much to leave your children ,in what form, has no right answer. but
you and I can dialougue as long as you like about issues of judgement. it is out of o friendship. not biz. ( bill
hellman as a trustee? ) . we can talk about that during walks etc . I would like for you and I to go back to
Subject: agenda
To: Melanie Spinella [REDACTED]
1. brad or richard. makes litte difference. 2. gagosian . no written contract??!! fishy to me - who transfers
100 million dollars overseas without a contract ,- dont want you pulled into a scandal. careful especially as
he is on the tax dept radar, . 3. I would like you to delineate what you would like me to do - the more
specificity the better.- I think it important to avoid any misunderstandings as to each of our obligations and
responsblities. I will always give you my best advice. I have made my views re ada and the office clear . no
hedging. . THEY should go. no hesitation . no zeus, your choice obviously. good news - I will not bring it up
again. moving forward- These transactions will require a great deal of manpower over the next
holiday month, every document needs minute review. . I would like to fix our fee agreement , in detail no
later than this weekend . ie amounts , dates paid . entities paid. any concept you may have of" after care"? all
on the table. .other questions such as how much to leave your children ,in what form, has no right answer. but
you and I can dialougue as long as you like about issues of judgement. it is out of o friendship. not biz. ( bill
hellman as a trustee? ) . we can talk about that during walks etc . I would like for you and I to go back to
HOUSE_OVERSIGHT_023294
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